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FXCM
{{Primarysources|date=December 2006}}
{{NPOV}}



{{Infobox_Company |
  company_name   = Forex Capital Markets |
  company_logo   = [[Image:Fxcm logo.gif|FXCM]]|
(contracted; show full)

'''FXCM''' is a registered Futures Commission Merchant (FCM) with the [[Commodity Futures Trading Commission]] (CFTC) and is a member of the [[National Futures Association]] (NFA).
Ownership and regulatory information on FXCM are available at its National Futures Association (NFA) listing [http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0308179].

== Services ==

T
HIS IS AN EXAMPLE OF A FALSE COMPANY!!!!!!!!!
LET IT BE KNOWN, IN A WORLD OF VIRTUAL REALITY, NOTHING IS WHAT IT SEEMShe company supplies most of its services through three primary websites: [http://www.fxcm.com FXCM], the company's flagship site; [http://www.fxcmtr.com FXCM Trading Room], which offers numerous resources for trading the market; and [http://www.dailyfx.com Daily FX], which is a leading source for foreign exchange and economic news, as well as information, advice, and resources pertaining to the global currency market.  For new traders, FXCM also provides a variety of learning resources, through such products as the [http://www.fxpowercourse FX Powercourse] and free [http://liveseminar.fxcm.com live webinars].  The firm's Chief Strategists, Kathy Lien and Boris Schlossberg are well known and frequently quoted by major business news outlets.

== FXCM Business Model ==

Like most market makers, FXCM's revenues come from five main sources:

1) The Spread - The difference between the spread FXCM quotes to clients and the spread FXCM receives from the banks they offset from.  If FXCM is unable to match a buyer and seller internally, FXCM will, after the positions become sufficiently large, offset with larger banks that quote them cheaper spreads.  

2) Internal matching of client trades - If the spread is 3 pips, and FXCM is able to match a buyer and a seller internally, they collect 3 pips.

3) Interest on client deposits (like most online brokers, such as E*TRADE, these are a dependable and large source of income)

4) The firm's own speculative positions in the market.

5) Losses on clients' trades that were never offset.

Not all of the above apply to FXCM's "no-dealing-desk" trading option. In this set-up, trades are routed to other interbank market participants. FXCM then may not derive income from source two through five.  This allows clients direct access to bank liquidity. However, all trades are still cleared through a dealing desk of some type as all banks have dealing desks.

== References ==
<references/>

== External Links ==
*[http://www.fxcm.com FXCM]
*[http://www.dailyfx.com DailyFX]
*[http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0308179 FXCM's NFA 'BASIC' Listing]
*[http://www.nfa.futures.org/basicnet/CaseInfo.aspx?entityid=0308179&type=reg NFA Regulatory Actions]