Company Profile
FXCM Balance Sheet
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:
$137,870,045 In Capital (Assets Minus Liabilities)
$152,167,482 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 FEBRUARY 28, 2010
(Amounts in USD)
| CUSTOMER CASH | $365,319,721 |
| OPERATING CASH | $152,167,482 |
| OTHER ASSETS | $11,204,504 |
| FIXED ASSETS | $10,095,086 |
| TOTAL ASSETS | $538,786,793 |
| CUSTOMER DEPOSITS | $365,319,721 |
| OTHER LIABILITIES | $35,597,027 |
| TOTAL LIABILITIES | $400,916,748 |
| FXCM CAPITAL | $137,870,045 |
| TOTAL LIABILITIES AND FXCM CAPITAL | $538,786,793 |
FXCM Holdings LLC consists of FXCM Australia Ltd., Forex Trading, LLC, Forex Capital Markets, LLC, Forex Capital Markets Ltd., FXCM Asia Ltd. and FXCM DMCC.
More than $600 million in customer funds trading on platforms offered by FXCM
FXCM Holdings LLC includes firms regulated across the world, including Australia, the United States, the United Kingdom, Hong Kong and Dubai.
Additionally, FXCM offers its proprietary foreign exchange trading technology to banks and brokers.
As of June 2009, there is more than $600 million in customer funds trading on platforms offered by FXCM.
Over 150,000 live accounts on platforms offered by FXCM from over 150 countries with an average of 7,000,000 trades executed each month via trading platforms offered by FXCM; moreover, customer support is provided in over a dozen languages. 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 600 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, and One-click execution.
* Please note that effective May 17, 2009, the hedging feature is no longer available to clients of Forex Capital Markets, LLC (FXCM US) in compliance with NFA rule 2-43. Clients of Forex Capital Markets Limited (FXCM UK) and FXCM Australia Limited (FXCM AU) are not affected by this rule.
** 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.
† Source: http://moneyam.com/sharesmag/awards2008/Winners.html
