New York, August 6, 2007
FXCM is pleased to announce that they have been ranked in the August 2007 issue of Entrepreneur Magazine as #66 on their Hot 500 list of America's Fastest Growing Companies.
Drew Niv CEO of FXCM told Entrepreneur Magazine reporters that his best advice to other small businesses starting out is "first, make the service fit the customer. Second, find the customer. Third, keep the customer—with iron focus on customer service.”
Niv, also proud to share his success secret said, “We were able to recognize early that the major stumbling blocks to retail currency trading were lack of knowledge and lack of convenient access. That is why we demystified Forex by making Forex education an integral part of our business, and then invested heavily in the back-end technology necessary to underpin a super-convenient online trading system. Both were part of our general strategy—to sacrifice short-term profitability for long-term stability and growth."
This isn’t the first time that FXCM has been noticed as a fast growing company. In 2006, FXCM was recognized by Deloitte Touche’s “Technology Fast 50” as the fastest growing financial technology firm in the state of New York. From 2001 to 2005 FXCM grew 982%, placing first among financial firms and twelfth overall. FXCM was also acknowledged as the largest financial services firm on Inc. Magazines 2006 list of fast-growth companies.
FXCM was also a finalist this month in the FX Week awards for Best Retail Platform. “This year the FXCM Trading Platform has made historic changes in an effort to lead the retail forex market into a new age of efficient execution” said Niv. “We will keep growing and continue to succeed.”
More Information: Jaclyn Sales, jsales@fxcm.com 646-432-2463
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FXCM Facts
• Forex Capital Markets LLC is the Largest Forex Dealer Member*
• More than 90,000 accounts are traded on the FXCM trading platform
• Over $200 billion in notional volume is traded each month on the FXCM platform
• FXCM provides customer support with native speakers in over 20 languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
*As of September 2006, FXCM held in excess of $215 million in customer funds out of a total of over $770 million held by Forex Dealer Members. While there are approximately 31 active Forex Dealer Members with liabilities to customers of approximately $795 million, FXCM holds approximately 1 out of every 3 dollars of customer funds held by Forex Dealer Members.
*Source:http://www.nfa.futures.org/news/newsProposedRule.asp?ArticleID=1704
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Recent articles:
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in FXCM news
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Wednesday,
30 July 2008,
16:28 GMT
Press Releases
FXCM Group Releases Updated Financial Data
The FXCM Group has released its most recent balance sheet. The numbers reflect the group’s financial strength and status as of June 30, 2008. Highlights include:
Over $95 Million in Capital (Assets Minus Liabilities)
Over $125 Million In Operating Cash (Excludes Client Funds)
FXCM believes that financial transparency in the retail forex industry is more important than ever in light of the NFA’s new financial requirements.
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Thursday,
17 July 2008,
18:06 GMT
Press Releases
FXCM Adds High-Interest-Rate Currency Pairs to its Forex Trading Platform
FXCM (www.fxcm.com) announced today the addition of three new exotic currency pairs to trade on the FX Trading Station, marked by high interest rates and high roll over.
New Currency Pairs:
Euro/Turkish Lira
United States
Dollar/Turkish Lira
United States
Dollar/South African
Rand
Current Central Bank Interest Rate:
Turkish Lira (TRY) 16.
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Monday,
02 June 2008,
18:24 GMT
Press Releases
FXCM Offers Free Forex Education and Free Forex Trading Signals for the CNBC.com Million Dollar Portfolio Challenge
FXCM (
www.fxcm.com), the official currency-trading sponsor of the CNBC.com Million Dollar Portfolio Challenge, announced today that it is providing all contestants of the virtual trading competition with free forex education and trading signals to optimize their currency-trading experience.
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Wednesday,
07 May 2008,
16:20 GMT
Press Releases
Now Available With FXCM: MetaTrader 4 by MetaQuotes
FXCM (www.fxcm.com)
announced that clients can now choose between trading on the FXCM trading
platform or on MetaTrader4 platform by MetaQuotes.
After numerous requests from the
forex community, FXCM has added Meta Trader4 to its list of trading platform
options.
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Tuesday,
29 April 2008,
17:58 GMT
Press Releases
FXCM Joins With CNBC To Feature Currency Trading in the CNBC.com Million Dollar Portfolio Challenge
FXCM (www.fxcm.com),
the online currency trading broker, has joined with CNBC as the Official
Currency Trading Sponsor of the CNBC.com Million Dollar Portfolio Challenge.
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Tuesday,
15 April 2008,
18:31 GMT
Research
>
Forex - Technical research
FXCM Launches Its Enhanced Dollar Index Programs
FXCM (
www.fxcm.com
), one of the largest Forex Dealer Members, recently introduced the Enhanced Dollar Index Programs. These programs, which use the DXY Index as a benchmark, let investors take a position based on the direction of the dollar without having to trade the dollar themselves, seeking to outperform the DXY Index.
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in other categories
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Friday,
10 October 2008,
03:19 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
October 10, 2008
GMT 03:13
EUR/USD
Today’s support: - 1.3533(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500.
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Thursday,
09 October 2008,
03:07 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
October 09, 2008
GMT 02:58
EUR/USD
Today’s support: - 1.3533(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500.
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Wednesday,
08 October 2008,
03:59 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
October 08, 2008
GMT 03:46
EUR/USD
Today’s support: - 1.3533(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500.
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Wednesday,
08 October 2008,
00:58 GMT
Research
>
Forex - Fundamental research
Fundamental Outlook
GCI Forex Research
The euro appreciated sharply vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3740 level and was supported around the $1.3480 level. The common currency bounced back from yesterday’s sizable losses as the markets remain highly volatile and susceptible to credit-driven dislocations.
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Tuesday,
07 October 2008,
07:47 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
October 07, 2008
GMT 07:43
EUR/USD
Today’s support: - 1.3533(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500.
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Monday,
06 October 2008,
02:28 GMT
Research
>
Forex - Trading signals, forecasts and strategy
Forex and Dow Jones recommended levels
Technical Trading
October 06, 2008
GMT 02:20
EUR/USD
Today’s support: - 1.3580 and 1.3553(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.
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