FXCM treats retail customer funds with the utmost security, housed in segregated accounts across top global banks. In addition, we are committed to full transparency to ensure all clients understand our company's financial status. See FXCM Financials.
Where is FXCM regulated and licenced?
The FXCM group of companies (collectively, the "FXCM Group") has companies has companies registered with many of the most respected regulatory bodies in the world. FXCM is regulated by the Financial Conduct Authority ("FCA"), registration number 217689. Additionally, FXCM is regulated in the United States, Germany, Italy, France, and Australia.
How are my funds secured with FXCM LTD?
As Forex Capital Markets Limited is authorised and regulated by the Financial Conduct Authority (FCA) to hold Client Money, FXCM is obligated to follow the FCA’s client money rules. These rules are detailed in the FCA’s Client and Assets Sourcebook, otherwise known as CASS.
Under these rules, FXCM is obligated to ensure a clear separation/segregation between money that belongs to retail clients and money that belongs to the firm. Retail client money is transferred to a segregated client money bank account held with a third party.
FXCM only deposits client money with third parties that have a credit rating equivalent to the Financial Conduct Authority’s Credit Quality Step 5 rating. In the event that the firm were to become insolvent, the money held in this account cannot be used to reimburse other creditors of the firm.
FXCM exercises all due skill, care and diligence in its selection, appointment and periodic review of third parties to which it deposits client money and/or assets.
Where can I learn about FXCM's financial strength and solvency?
All clients can view the audited financial statements here: http://ir.fxcm.com/.
What would happen in the unlikely event of insolvency of FXCM?
FXCM UK protects the deposits of their retail customers through the segregated accounts described above. These funds cannot be used for other creditors. In the unlikely event that FXCM Limited is unable to satisfy repayment claims, eligible claimants have the right to compensation by the FSCS. The FSCS is the UK's compensation fund of last resort for retail customers of authorised financial services firms.
FXCM's clients whom are eligible would be placed under the 'investments' claim category, whereby the cover is £50,000* per person per firm. If a client held an account with an authorised investment firm and there was a shortfall in segregation, they might still receive up to £50,000 in compensation.
For more information about the FSCS and its protection to investors, please visit http://www.fscs.org.uk/.
* It should be noted that the equivalent in euros is subject to exchange rate risk, and may vary at the time of disbursement.