New Option From FXCM:
Open A Canadian-Dollar
Denominated Forex Account
08/22/07 — Forex Capital Markets, LLC 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, the United States dollar, the Great Britain pound, the Australian dollar, the Japanese yen, and now the Canadian dollar.
CEO Drew Niv, 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 over a dozen languages and is a member of forex regulatory bodies in the U.S., the U.K., Hong Kong, Japan, and Canada.
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