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FXCM Group Releases Financial Data: Over $100 Million in Capital |
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FXCM Group has made an
unprecedented public release of its balance sheet and
invites other firms within the forex industry to follow its
example.
Highlights of the (unaudited) balance sheet include the
following:
$108,208,815 In Capital
(Assets Minus Liabilities)
$130,223,605 In Operating Cash (Excludes Client Funds)
Drew Niv, CEO of the global trading firm, commented:
FXCM is proud of our financial discipline and strong balance
sheet. We believe clients should have the necessary
information to make intelligent choices. By releasing this
information, we hope to set an example for the entire forex
industry. |
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Balance Sheet (Unaudited)
FOR THE MONTH ENDED February 29, 2008 |
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CUSTOMER CASH |
306,363,225 |
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OPERATING
CASH |
130,223,605 |
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OTHER ASSETS |
13,495,080 |
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FIXED
ASSETS |
7,605,626 |
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TOTAL ASSETS
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457,687,536
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CUSTOMER
DEPOSITS |
306,363,225 |
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DEFERRED REVENUE |
23,000,000 |
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OTHER
LIABILITIES |
20,115,496 |
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TOTAL LIABILITIES |
349,478,721 |
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FXCM
CAPITAL |
108,208,815 |
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TOTAL LIABILITIES AND
FXCM CAPITAL |
457,687,536
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| FXCM Group consists of
FXCM Holdings LLC, Forex Trading LLC, Forex Capital Markets
LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM
Canada LTD. |
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Forex Capital Markets
LLC
is one of the largest Forex Dealer Members |
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| Forex Capital Markets LLC
(FXCM) is regulated as a Forex Dealer Member by the National
Futures Association. Forex Dealer Members are U.S.
registered Futures Commission Merchants that have greater
than 35% of revenue from foreign exchange. |
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| Approximately $700
Million In Customer Funds Traded |
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FXCM Group includes firms regulated across the world,
including the United States, Canada, the United Kingdom,
and Hong Kong.
Additionally, FXCM offers its proprietary foreign
exchange trading technology to banks and brokers.
As of January 2008, there is in excess of $700 million
in customer funds trading on platforms offered by FXCM.
Over 100,000 live accounts trade through FXCM's trading
platforms from nearly 200 countries, with an average of
4,000,000 trades executed each month via its trading
platforms; moreover, customer support is provided in
over a dozen languages. Registered with the CFTC as a
Futures Commission Merchant, FXCM 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. |
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| FXCM Group: Expanding
and Improving |
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Since inception, FXCM has added over 500 employees in all
areas of operation, including customer support, research,
technology, and trading. FXCM has been named to the Inc. 500
list of America's Fastest Growing Private Companies in 2004,
2005, and 2006.
In 2006, FXCM launched its "No Dealing Desk" service, which
provides lower spreads.
FXCM launched many new initiatives
in 2007, including the ability to hedge trades, proprietary
trading signals for clients, new currency pairs for trading,
a Managed Accounts service, and One-click execution. |
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 FXCM Awards |
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Inc. 500
List of America's
Fastest Growing Companies
Three Time Honoree
2004, 2005, 2006
Best FX Specialist
2002, 2003, 2004
Best Retail
Platform
2004
Best Currency Broker
2004
Best Currency Broker
2004
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