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FXCM Takes on Leading CFD Providers: Offering Forex, Stock Indices & Commodity CFDs

Discussion in 'Press Releases' started by jsales430, Aug 28, 2009.

  1. jsales430

    jsales430 FXCM PR Coordinator

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    Media Contact: Jaclyn Sales, jsales@fxcm.com
    London, 28 August 2009  FXCM Ltd. (Forex | currency trading | forex trading | forex broker), a leader in the retail forex business will now offer a CFD product focusing on forex, global stock indices, oil, and precious metals.
    Key features of online CFD trading with FXCM include:

     No re-quotes
     Competitive pricing
     No commissions*
     Generous leverage†
     Single position accounts with hedging capabilities
     Benefits from dividends
     Guaranteed no deficit account balance as a result of trading with no extra fee

    By trading CFDs with FXCM, retail clients benefit from FXCM’s close banking relationships with ten of the largest and most aggressive price providers who supply clients with large pools of liquidity and highly competitive spreads, even during market-moving news events. Furthermore, FXCM believes that the new index, commodity, and precious metal CFD instruments will complement their existing forex business and appeal to more retail clients globally, enabling them to trade a range of products from a single trading account.

    FXCM executes your trades with no re-quotes. Some CFD brokers trade against their clients and will re-quote in order to make money on your trades, which creates a conflict of interest. FXCM will not interfere in your trading by re-quoting your trades.

    Brian Griffin, Executive Director for CFDs at FXCM says:
    “FXCM has some of the best people in the industry and feel that it is only a matter of time before FXCM claims its place as a significant provider in the global CFD industry.

    Everything we do at FXCM is driven by client demand. Our clients have long asked to apply the no re-quote business logic we adopted for our award winning forex service to the index, oil, and metal CFD market-place.

    This is what we have doneno re-quotes for our CFD products. I believe we have created the industry’s fairest retail trading platform. We welcome all clients who are frustrated with their current forex and CFD provider to give us a try.”

    Open a free practice account and begin trading CFD’s with FXCM Ltd. Free Forex Demo Accounts | Forex Practice Accounts at FXCM
    For further information on CFD market news and analysis please visit FXCM’s free news Web site CFD Trading | Contracts For Difference | CFD News and Signals.
    # # #
    FXCM Holdings LLC Facts
    As of June 2009
    • FXCM Holdings LLC has over $100 million in capital
    • More than 150,000 live accounts trade on platforms offered by FXCM
    • An average of $365 billion in notional volume is traded each month on platforms offered by FXCM.
    • More than $600 million in customer funds trading on platforms offered by FXCM
    Risk Disclaimer:
    *FXCM is compensated through the bid/ask spread except where otherwise noted. Please note, commission charges apply for certain classes of non-standard accounts such as Active Trader.
    †Without proper risk management, a high degree of leverage can lead to large losses as well as gains.

    Leveraged Contracts for Difference (CFD) and foreign exchange (Forex) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade CFDs and/or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with CFD and forex trading, and seek advice from an independent financial advisor if you have any doubts.

    Currently, residents of the United States are not permitted to trade CFD instruments offered by FXCM.
     

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