Wednesday,
30 July 2008,
16:28 GMT
FXCM news
by Jaclyn Sales, Public Relations Coordinator
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. Furthermore, they challenge other forex firms to follow their example.
Balance Sheet (Unaudited)
AS OF JUNE 30, 2008
ASSETS
CUSTOMER CASH
369,600,935
OPERATING CASH
126,229,454
OTHER ASSETS
5,907,155
FIXED ASSETS
6,817,568
TOTAL ASSETS
508,555,112
LIABILITIES
CUSTOMER DEPOSITS
369,600,935
DEFFERED REVENUE
21,000,000
OTHER LIABILITIES
22,458,763
TOTAL LIABILITIES
413,059,698
CAPITAL
FXCM CAPITAL
95,495,414
TOTAL LIABILITIES AND FXCM CAPITAL
508,555,112
The FXCM balance sheet assures the forex industry of its financial strength and stability.
Read more >
Thursday,
17 July 2008,
18:06 GMT
FXCM news
by Jaclyn Sales, Public Relations Coordinator
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) 16.25%
Current Central Bank Interest Rate:
South African Rand (ZAR) 12.00%
The most liquid trading time for the
Turkish Lira and the
South African Rand is 2 AM (EDT) – 12 PM (EDT)
When trading exotic currency pairs, please be advised that liquidity in emerging-market currencies is significantly less than G8-country currency pairs.
Read more >
Monday,
02 June 2008,
18:24 GMT
FXCM news
by Jaclyn Sales, Public Relations Coordinator
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.
Free Education:
Contestants can sign up for FREE education lessons on trading in the currency market. Written by DailyFX.com analysts,
the lessons will help traders gain an edge in trading their currency portfolio. The lessons come in an e-mail cycle, and
registrants
will receive 12 e-mails in total (1 lesson per day).
Sign up here: http://www.fxcm.com/cnbc-signup.
Read more >
Wednesday,
07 May 2008,
16:20 GMT
FXCM news
by Jaclyn Sales, Public Relations Coordinator
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. Many forex traders love the MetaTrader 4 platform, but want the
benefits of FXCM as their broker.
Trading
with FXCM offers the security of trading with one of the largest and most
financially secure Forex Dealer Members.
Several brokerage firms which offer the popular MetaTrader 4 trading
platform are unregulated in the
US
(under the CFTC and NFA) or at all.
Read more >
Tuesday,
29 April 2008,
17:58 GMT
FXCM news
by Jaclyn Sales, Public Relations Coordinator
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.
The Challenge, a virtual trading competition that was previously limited to
stock trading only, will now feature both stock trading and currency trading.
Competitors will be allocated $100,000 in “CNBC Bucks” to trade currency on a
platform powered by FXCM.
By sponsoring the contest, FXCM
will be introducing currency trading to a potential universe of new currency
traders.
Drew Niv, CEO of FXCM, announced:
“We are pleased to sponsor CNBC’s Million Dollar Portfolio Challenge.
Read more >
Friday,
11 April 2008,
14:16 GMT
FXCM news
by Jaclyn Sales, Public Relations Coordinator
FXCM Launched Two New Forex Managed Account Programs With a $1,000 Minimum Deposit
FXCM
(
http://www.fxcm.com
),
one of the largest Forex Dealer Members, recently introduced two new managed
programs: the Short-Term Opportunity Program and the Short-Term Opportunity
Aggressive Program.
Both Short-Term Opportunity
Programs utilize 4 different trading approaches:
Short-Term range trading
Short-Term breakout opportunities
Long-Term trends
Long-Term carry trading
The
majority of the trades generated by these programs have short-term time
horizons, while longer-term systems are used to stabilize the short-term
volatility.
The
aggressive program applies the same trading model as the Short-Term Opportunity
Program, but with higher leverage.
Read more >
Monday,
07 April 2008,
17:27 GMT
FXCM news
by Jaclyn Sales, Public Relations Coordinator
DailyFX.com Provides Economic Countdown
DailyFX.com (http://www.dailyfx.com/)
has introduced a countdown to economic data
on the DailyFX.com home page and the DailyFX Economic Calendar.
Trading the news is extremely
popular in the currency markets. Knowing exactly when news will be released is
essential for all FX traders, as you can profit during a news event if on the
correct side of a trade. Don’t be surprised by a major economic news event because
you can also lose if you’re not ready. Watch the clock tick down to enter the
market and actively trade in fast-moving market conditions.
When the countdown reaches zero the
economic announcement will be published on DailyFX.
Read more >
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