Revision 133382639 of "FXCM" on enwiki

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



{{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 City]]|
  key_people     = [[Drew Niv]], CEO|
  num_employees  = Approximately 500|
  revenue        =  $216.9 Million  ([[2005]]) [http://www.inc.com/apps/inc500/viewCompany.jsp?cmpId=2006318]|
  industry       = [[Finance]]|
  products       = [[Foreign exchange market|Foreign Exchange]]|
  homepage       = [http://www.fxcm.com/ www.fxcm.com]

}}

'''Forex Capital Markets''' ('''FXCM''') is the largest [[Forex Dealer Member]]<ref>[http://www.fxcm.com/company-profile.jsp FXCM Website Company Profile]</ref><ref>[http://www.cftc.gov/tm/tmfcm.htm Latest Financial Information from CFTC]</ref> (or [[financial services]] firm specializing in [[retail forex]]), supplying online trading services for retail [[speculator]]s in the [[Foreign exchange market|foreign exchange]] market. 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 City]], [[London]], [[Dallas]], [[San Francisco]], [[Hong Kong]], and [[Tokyo]] provide 24-hour, multi-lingual sales, dealing, administrative, and technical support 7 days a week.

[[Retail forex]] is controversial because the high degree of leverage available in the market leads most retail traders to lose money.{{Fact|date=April 2007}}, and because of the existence of many [[forex scams]]. Quoted in the [[Wall Street Journal]] regarding retail forex, (''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]

In November 2005, Forex Capital Markets ('''FXCM''') became entrenched in the bankruptcy proceedings of [[Refco]], Inc (OTC:RFXCQ). Refco, a big commodities brokerage that collapsed amid an accounting scandal, has been largely purchased by [[Man Group]]. At the time Refco owned a 35% shake in '''FXCM'''.  '''FXCM''' is currently backing a client led lawsuit against REFCO.

'''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 ==

The 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.

WATCH "THE BOILER ROOM" Vin Diesel is a cast member, search it on IMDB.... thats a creditable source

== 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]