New Option from FXCM: Open a Canadian Dollar Denominated Forex Account
New York, NY, August 23, 2007 --(PR.com)-- Forex Capital Markets, LLC (www.fxcm.com) announced today that the brokerage firm will officially offer clients the opportunity to denominate their accounts in Canadian Dollars.
This additional option increases the number of total base currencies available to clients to six: the Euro, United States Dollar, Great Britain Pound, Australian Dollar, Japanese Yen, and now the Canadian Dollar.
Drew Niv, CEO, commented, “Our clients have the ability to hold their trading funds in their native currency, thereby eliminating the cost of conversion to the US Dollar. The ability to hold funds in one of six currencies means that traders can also consider the long-term profit potential in using a different currency to act as a base of their trades.”
FXCM’s decision to add the Canadian Dollar to its roster of currencies in which clients can hold their funds further solidifies the group’s reputation as internationally business-friendly. FXCM offers services in more than 20 languages and is a member of forex regulatory bodies in the U.S., U.K., Hong Kong, Japan, and Canada.
The firm’s website (www.fxcm.com) provides more information on their Non-USD Denominated Accounts.
FXCM Facts
• Forex Capital Markets LLC is the Largest Forex Dealer Member*
• More than 90,000 live accounts are traded on the FXCM trading platform
• Over $200 billion in notional volume is traded each month on the FXCM trading platform
• FXCM provides customer support with native speakers of 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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Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. 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.
More Information:
Jaclyn Sales
jsales@fxcm.com
646-432-2463
This additional option increases the number of total base currencies available to clients to six: the Euro, United States Dollar, Great Britain Pound, Australian Dollar, Japanese Yen, and now the Canadian Dollar.
Drew Niv, CEO, commented, “Our clients have the ability to hold their trading funds in their native currency, thereby eliminating the cost of conversion to the US Dollar. The ability to hold funds in one of six currencies means that traders can also consider the long-term profit potential in using a different currency to act as a base of their trades.”
FXCM’s decision to add the Canadian Dollar to its roster of currencies in which clients can hold their funds further solidifies the group’s reputation as internationally business-friendly. FXCM offers services in more than 20 languages and is a member of forex regulatory bodies in the U.S., U.K., Hong Kong, Japan, and Canada.
The firm’s website (www.fxcm.com) provides more information on their Non-USD Denominated Accounts.
FXCM Facts
• Forex Capital Markets LLC is the Largest Forex Dealer Member*
• More than 90,000 live accounts are traded on the FXCM trading platform
• Over $200 billion in notional volume is traded each month on the FXCM trading platform
• FXCM provides customer support with native speakers of 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
###
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. 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.
More Information:
Jaclyn Sales
jsales@fxcm.com
646-432-2463
Contact
FXCM
Jaclyn Sales
646-432-2463
fxcm.com
Jaclyn Sales
646-432-2463
fxcm.com
Contact
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