FXCM Holdings, LLC Releases Financial Data: Over $100 Million in Capital
FXCM Holdings, LLC 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:
$138,518,295 In Capital (Assets Minus Liabilities)
$172,904,813 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."
Balance Sheet (Unaudited)
FOR THE MONTH ENDED SEPTEMBER 30, 2008 (Amounts in USD)
CUSTOMER CASH
$313,385,796
OPERATING CASH
$172,904,813
OTHER ASSETS
$9,377,669
FIXED ASSETS
$6,817,568
TOTAL ASSETS
$502,485,846
CUSTOMER DEPOSITS
$313,385,796
DEFERRED REVENUE
$19,500,000
OTHER LIABILITIES
$31,081,755
TOTAL LIABILITIES
$363,967,551
FXCM CAPITAL
$138,518,295
TOTAL LIABILITIES AND FXCM CAPITAL
$502,485,846
FXCM Holdings, LLC consists of Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM Canada LTD.
Forex Capital Markets LLC
is one of the largest Forex Dealer Members
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.
Approximately $700 Million In Customer Funds Traded
FXCM Holdings, LLC 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.
FXCM Holdings, LLC: Expanding and Improving
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.
Please note FXCM Micro in its discretion may or may not offset individual transactions unlike transactions in most FXCM Standard accounts. For additional information click here.
*
FXCM Awards
Inc. 500
List of America's Fastest Growing Companies
Three Time Honoree
2004, 2005, 2006
Best Web Site
Middle East Money Summit Award, 2008
Entrepreneur Magazine
Ranked #66 of the Hot 500
America's Fastest Growing Companies
2007
Best FX Specialist
2002, 2003, 2004
Readers' Choice
Award Top US Forex Brokerage 2008
Best Independent Online
FX Trading System,
2008 Honorable mention
FXCM Awards
Best Web Site
