Transparency in Financials
Forex Metals Transparency
FXCM is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's international subsidiaries also offer CFD products with no re-quote trading and allow clients to trade oil, gold, silver, and stock indices along with forex. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
All references to "FXCM" refer to the FXCM group of companies (collectively, the "FXCM Group"). Our companies are regulated in a number of jurisdictions, including, but not limited to, the United States (US), the United Kingdom (UK, where regulatory passport rights have been exercised to operate in a number of European Economic Area jurisdictions), Hong Kong, Australia, and Japan. We maintain offices in these jurisdictions, among others.
Why FXCM Supports Financial Transparency in the Forex and Metals Industry
FXCM believes in making our financials transparent so that clients and potential traders know about the performance and health of FXCM as a company. FXCM strongly believes all traders should be asking his or her broker some pivotal questions regarding the company's financial stability. FXCM also believe clients and traders should be asking their regulators for stricter reporting methods of Forex firms that hold client money.
Why Does FXCM Support the PFG Forex Metals Legal Account?
Many times corporate structure is such that their US entity is a subsidiary along with other international subsidiaries under a holding company. Often the holding company itself, or other international subsidiaries, will house all the debt. As a result, the overall firm on a net basis may have a lower or negative net cash position. It is important to see and know the audited financials of the entire company not just the subsidiary with which you hold funds.
More About FXCM
The FXCM Group has grown to become one of the largest companies specializing in retail forex, with more than 195,000 tradable accounts on platforms offered by FXCM in over 180 different countries. In December of 2010 FXCM became the first publicly traded retail FX specialty broker on the New York Stock Exchange.
FXCM attributes its success to its focus on customer service, and to the fact that it has been the driving force behind many innovations in the retail industry, including the delivery of live streaming market analysis to clients as well as free forex education. FXCM believes in educating traders and building an informed trading community.
Believing in a fairer Market
FXCM, is proud to have spearheaded bringing No Dealing Desk execution to the forex market in 2007. FXCM’s no dealing desk forex execution technology brings a more transparent market environment within the retail FX industry. FXCM streams executable prices from our large network of forex liquidity providers, which include global banks, financial institutions, prime brokers and other market makers, and displays only the best bid/offer to its clients so our liquidity providers continuously compete for every trade in the system. This practice allows customers to trade on transparent continuous two-way bid/offer executable quotes that are live 24 hours a day continuously five days a week. The No Dealing Desk business model removes trade conflicts between FXCM and its customers as FXCM does not take a market position opposite to the trader. FXCM’s liquidity providers do not have access to client information, neither positions nor resting orders. Serious traders expect their orders to be filled quickly, at the best price available, and nothing less. This is what FXCM delivers. We fill client orders at the best available price at the time the No Dealing Desk receives it. This price includes FXCM's markup which may vary based on account type and liquidity provider. Another advantage of the FXCM No Dealing Desk model is that the company benefits from successful traders given that we make money on a per trade basis.
A Push for Financial Transparency
For the sake of customer knowledge and confidence, FXCM volunteered and was the first private retail broker to disclose company financials and only furthered this by becoming a publicly traded company. FXCM’s initiatives aim to be more transparent, follow financial discipline and carry low risk for business purposes as well as for his clients.
Trading foreign exchange and CFDs on margin carries a high level of risk and may not be suitable for all. Read full disclaimer.