FXCM (www.fxcm.com) announced today the addition of three new exotic currency pairs to trade on the FX Trading Station, marked by high interest rates and high roll over.
New Currency Pairs:
- Euro/Turkish Lira
- United States Dollar/Turkish Lira
- United States Dollar/South African Rand
Current Central Bank Interest Rate: Turkish Lira (TRY) 16.25%
Current Central Bank Interest Rate: South African Rand (ZAR) 12.00%
The most liquid trading time for the Turkish Lira and the South African Rand is 2 AM (EDT) – 12 PM (EDT)
When trading exotic currency pairs, please be advised that liquidity in emerging-market currencies is significantly less than G8-country currency pairs. Low liquidity often causes large price swings with spreads that can widen to several hundred pips. To learn more about trading emerging-market currencies, view the Guide to Trading Emerging Market Currencies on DailyFX.com
In total, FXCM offers trading for over 30 currency pairs. To see additional currency pairs on the FX Trading Station click on the Currencies button on the top tool bar to customize which pairs you see in your trading station, or view this video for more help: http://forex.acrobat.com/p69707443/
FXCM is committed to providing its clients with real-time streaming pricing with tight spreads.
All pairs will be available to all clients except for Hong Kong accounts.
Margin Requirement: EUR/TRY and USD/TRY 8%
Margin Requirement: USD/ZAR 5%
Emerging Market Currencies Guide: (http://www.dailyfx.com/page/free_guide-range.html)
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FXCM Facts
Forex Capital Markets LLC is one of the Largest Forex Dealer Members
More than 100,000 live accounts are traded on FXCM trading platforms
As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
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Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
\n jsales@fxcm.com
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