Forex Capital Market – Foreign Exchange Services

Filed in Learn Forex Trading by on February 22, 2009 0 Comments • views: 237

About the Forex Capital Market

Forex Capital Market LL or (FXCM) is the largest dealer member of foreign exchange. It is a financial services firm specializing in the retail trading of foreign exchange. It offers three types of Forex trading accounts:

a. Standard. It has a minimum initial amount to open ($2,000.) 1 Pip is approximately equal to $1.00, trade sizes in 10,000 units. It has spreads as low as 1 pip. It has no dealing desk and no dealer intervention. You can place orders inside the spread. The Trade forex rates provided to FXCM from some of the largest banks in the world.

b. The FXCM Gold Account is for client-traders with deposits of
$25,000 or more.

To become a Gold Account Holder, open an FXCM trading account with $25,000; current clients can increase their account balance to $25,000. This account comes with privileges such as complimentary day trading courses, free webinars and many more. The Day Trading courses include strategies for trading, compute high probability and many others.

c. Segregated Trading. It caters to retailers with minimal opening account.

FXCM is regulated by Forex Capital Markets Ltd. in London, Forex Capital Markets, LLC in New York and FXCM Asia Ltd in Hongkong. It is subject to comply with strict financial standards and adequate capital to ensure the rights of the traders.

Among the awards achieved by FXCM are: Inc. 500 America’s Fastest Growing Companies РThree Time Honoree 2004, 2005, 2006 and Best Currency Broker 2004, 2005 by Shares Magazine.

Leave a Reply