FXCM Acquires U.S. and International Clients of I-trade Fx

New York―May 4, 2009―Forex Capital Markets LLC (www.fxcm.com)today announced it has reached an agreement to acquire the U.S. andinternational retail forex clients of i-Trade FX. Subject to regulatoryapproval, accounts are expected to be transferred from i-Trade FX toFXCM on May 8, 2009.

Like several other forex firms, i-Trade FXhas decided to cease offering service to US retail clients. Other firmsthat have decided to exit the U.S. retail business include ODLSecurities, Hotspot FX, and CMC Markets. To offer retail forex tradingservices under NFA rules, Forex Dealer Members (FDMs) will be requiredto have a minimum of $20 Million in firm capital as of May 16, 2009.

i-TradeFX, a registered Futures Commission Merchant (FCM) with the U.S.Commodity Futures Trading Commission (CFTC), and a member of theNational Futures Association (NFA), regards FXCM as a leader in the retail forex community and believes that FXCM offers clients excellent execution and customer service.

FXCM considers i-Trade FX a strong broker with an innovative touch. FXCMrecognizes the many attributes i-Trade FX brings to the industry.i-Trade FX is diligently working with FXCM to make the transition assmooth as possible for all affected clients.

FXCM welcomes allclients from i-Trade FX. Most clients will benefit from FXCM’s Standardaccount features of low spreads as low as 1 pip and No Dealing Deskexecution.* i-Trade FX clients using the MetaTrader4 (MT4) tradingplatform will continue to be able to use MT4. FXCM’s version of the MT4platform offers No Dealing Desk execution and fractional pip pricing.FXCM also has a dedicated MT4 support team to help clients transitiontheir accounts.

FXCM, with over $100 Million, has one of thelargest amounts in firm capital.† FXCM was founded in the United Statesand has offices, partners, and affiliates in the world’s majorfinancial centers, uniquely positioning FXCM to provide exceptionalservice to traders around the world. Furthermore, FXCM is regulated inthe U.S., the U.K., France, Australia, UAE, Hong Kong, and Canada.FXCM’s domestic offices are located in New York, NY; Plano, TX; and SanFrancisco, CA; FXCM’s international offices include Hong Kong, Paris,Dubai, London, and Sydney.

FXCM will provide regular updates toclients throughout the transfer. FXCM staff is available to answerquestions about the transition and can be contacted 7 days a week 24hours a day via phone, e-mail and chat.
 
   Forexturtleon

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