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FXCM
{{Infobox_Company |
  company_name   = Forex Capital Markets |
  company_logo   = [[Image:Fxcm logo.gif|FXCM]]|
  company_type   = [[Private company|Private]]|
  company_slogan = |
  foundation     = [[1999]]|
  location       = [[New York, New York]]|
  key_people     = [[Drew Niv]], CEO|
  num_employees  = |
  industry       = [[Finance]]|
  products       = [[Foreign exchange market|Foreign Exchange]]|
  homepage       = [http://www.fxcm.com/ www.fxcm.com]
}}

== Overview ==⏎
⏎
'''FXCM''' supplies online trading services for retail [[speculator]]s in the [[foreign exchange]] market and is one of the largest non-bank foreign currency markets that specializes solely in spot FX. The bankrupt futures brokerage firm [[Refco]] is one of FXCM's principals (with over 10% ownership) according to its National Futures Association (NFA) listing [http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0308179].

The retail foreign exchange market is controversial because few retail traders make money, and because of the existence of many [[forex scams]].

According to the [[Wall Street Journal]] (''Currency Markets Draw Speculation, Fraud'' July 26, 2005) "Even people running the trading shops warn clients against trying to time the market. 'If 15% of day traders are profitable,' says Drew Niv, chief executive of '''FXCM''', 'I'd be surprised.' " [http://webreprints.djreprints.com/1276711190447.html]  

The firm has been accused in three CFTC reparations cases: 06-R031, 05-RO38, and 03-R098, according to the NFA. Accusations are not the same as convictions, and the CFTC only releases information on these cases by telephone at (202)418-5508.⏎
⏎
The company has 78,000 clients and over 400 institutional customers from more than 80 countries. Approximately 500 employees, based in offices in New York, Dallas, San Francisco, Hong Kong and Tokyo, provide 24-hour, multi-lingual sales, dealing, administrative, and technical support 7 days a week.


== Services ==

(contracted; show full)*[http://www.fxpowercourse.com FX Powercourse]
*[http://www.fxcmexpo.com Forex Trading Expo]
*[http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0308179 FXCM's NFA BASIC listing]


[[Category:Financial services companies]]
[[Category:Foreign exchange market]]
[[Category:Companies based in New York City]]