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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 Futures Commission Merchants that specializes solely in spot FX. 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, London, Dallas, San Francisco, Hong Kong, and Tokyo, provide 24-hour, multi-lingual sales, dealing, educational, administrative, and technical support 7 days a week.

Forex Capital Markets is entrenched in the bankruptcy proceedings of Refco, Inc (OTC:RFXCQ). Refco, a commodities brokerage that collapsed amid an accounting scandal last year currently owns a 35% share of '''FXCM''', which is now in receivership.

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].

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]

== Services ==

(contracted; show full)
*[http://pqasb.pqarchiver.com/wsj/access/1062962011.html?dids=1062962011:1062962011&FMT=ABS&FMTS=ABS:FT&date=Jun+20%2C+2006&author=Joseph+Rebello&pub=Wall+Street+Journal&edition=Eastern+edition&startpage=C.4&type=91_1996&desc=Refco+Creditors+Receive+Clearance+To+Expand+Their+Probe+of+Collapse Refco Litigation]

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