Forex Capital Markets FXCM is an online market that deals with foreign currency exchange that brokers forex trading. The base of the company is in New York City in the United States of America. The company is popular for providing trading platforms on the internet that are created by the company. It is also know to provide platforms of the third-party kind. Like the ever popular and dependable MetaTrader 4. FXCM works well with traders from Xtrade and lets different clients speculate world foreign exchange.
Forex capital markets fxcm provides trading services in other parts of the world through the use of Contract for differences that are linked to major currencies all over the world.
A brief history of forex capital markets fxcm
Forex capital markets fxcm started in the year 1999 and was one of the proponents trading foreign currency exchange on the internet. Four years later, the company went into a joint venture business partnership with a group called Refco which is one of the biggest futures brokerage firms in the country at the time. Refco bought into FXCM at a 35% stake and took a license to have their clients use the FXCM software. Unfortunately, Refco went into the red in 2005 and FXCM got involved in its bankruptcy case for quite a long time.
Fortunately, FXCM was able to set up office in London, England which is now regulated by the Financial Conduct Authority. Then in 2008, the company opened shop in Australia and France thus widening its client base.
In 2009 FXCM London created a minimum number of contract for difference they offered to their clients outside of the United States.
Iforex Operations of FXCM around the world
With New York as it headquarters, the company has touched base in other cities and countries and has successfully expanded its business operations in almost all parts of the world. Today their operations include Athens, Greece; Santiago, Chile; Milan, Italy; Beirut, Lebanon:;Dubai, United Arab Emirates; Sydney, Australia; Berlin, Germany; Paris, France; Tokyo, Japan; London, England; Hong Kong; San Francisco and Dallas, USA and Jerusalem and Tel Aviv, Egypt where traders from Plus500 successfully use their platform.
The model of business that forex capital markets fxcm follows lets their clients contemplate on foreign exchange markets that are leveraged. FXCM allows iForex traders to trade directly by using information that they can gather on the interbank market that can be accessed and serves as a basis for the company’s currency pairings. With this, FXCM will be able to base their currency prices on prices offered on the interbank market. This procedure goes also by another name called Direct Market Access. On the other hand foreign exchange currency brokers use a market maker model.
Since 1999, FXCM has truly come a long way in pioneering the foreign exchange currency market trading. The company has ever since been at the forefront of creating foreign exchange products that has helped a lot of clients achieve their goals. Rest assured that the company is looking beyond the future.