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About FXCM
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News Release
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| FXCM is Prepared
For the NFA's New Requirements |
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11/06/07 - The new net capital requirement is a minimum of $10 million for forex brokers offering greater than 50:1 leverage.
- In addition to the new net capital minimum, there are other financial requirements, which vary based upon the size of positions taken by a firm, as well as the amount of customer deposits held. These new requirement will make the actual requirement much larger for a number of FDMs.
- The new net capital requirement of $5 million, or 5% of client assets, is for FDMs offering 50:1 leverage or less.
Forex Capital Markets, LLC, an NFA-member firm, is the U.S. regulated entity of the FXCM Group. According to the latest CFTC report, on September 30, 2007, Forex Capital Markets, LLC had an adjusted net capital of $56,170,101, which far exceeds the NFA’s new net capital requirements.*
Drew Niv, CEO of FXCM, endorses the recently announced increased capital requirement level; however, he believes the $20 million capital level proposed by the NFA’s president and CEO in his recent congressional testimony to be excessive. “The financial resources for FXCM (Forex Capital Markets, LLC) far exceed both increases of capital requirement, and FXCM stands behind the NFA’s decision to raise the standards and security of US-based forex brokers, as long as they are consistent with creating a healthy, globally competitive US forex industry,” said Niv.
*Source: http://www.cftc.gov/marketreports/financialdataforfcms/index.htm
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 Premios De FXCM |
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"Inc. 500"
Tres veces honorado en la Lista de Compañías Americanas de Mayor Crecimiento
2004, 2005, 2006
#30 en la Lista de Hot 100 negocios de mayor crecimiento en los EE.UU. por
Entrepreneur
Magazine
Mejor Especialista FX
2002, 2003, 2004
Premio Readers' Choice al Mejor Broker de Forex en los EE.UU. 2008
Mejor Systema de Operaciones FX en Linea, 2008
Mencion Honorifica
Mejor Broker de Divisas
2004
Mejor Broker de Divisas
2004
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