Difference between revisions 79481516 and 79823044 on enwiki

{{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 hasFXCM Group has serviced over 78,000 clieaccounts 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, Jerusalem, 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.  FXCM is currently backing a client led lawsuit against REFCO.

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]].

(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]]