The FXCM Group has released its most recent balance sheet. The numbers reflect the group’s financial strength and status as of June 30, 2008. Highlights include:
- Over $95 Million in Capital (Assets Minus Liabilities)
- Over $125 Million In Operating Cash (Excludes Client Funds)
FXCM believes that financial transparency in the retail forex industry is more important than ever in light of the NFA’s new financial requirements. Furthermore, they challenge other forex firms to follow their example.
Balance Sheet (Unaudited)
AS OF JUNE 30, 2008 |
ASSETS |
|
|
|
CUSTOMER CASH |
369,600,935 |
|
OPERATING CASH |
126,229,454 |
|
OTHER ASSETS |
5,907,155 |
|
FIXED ASSETS |
6,817,568 |
|
|
|
|
TOTAL ASSETS |
508,555,112 |
|
|
|
LIABILITIES |
|
|
|
CUSTOMER DEPOSITS |
369,600,935 |
|
DEFFERED REVENUE |
21,000,000 |
|
OTHER LIABILITIES |
22,458,763 |
|
|
|
|
TOTAL LIABILITIES |
413,059,698 |
|
|
|
CAPITAL |
|
|
|
FXCM CAPITAL |
95,495,414 |
|
|
|
|
TOTAL LIABILITIES AND FXCM CAPITAL |
508,555,112 |
The FXCM balance sheet assures the forex industry of its financial strength and stability. FXCM continues to grow and will continue to publicly release its balance sheet.
The FXCM Group consists of FXCM Holdings LLC, Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM Canada LTD.
# # #
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.
# # #
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 |
Forex Advertising | Forex Brokers | Free Forex Demo Account