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Forex Industry
by ForexNewsNow Team on April 30th, 2013

FXCM Expands with Unregulated Forex Brand FXCMmarkets

ForexNewsNow – Popular forex broker FXCM just announced that it created a new subsidiary called FXCM Markets that will focus on clients located in unregulated forex trading markets. The new FXCM Markets brands will not become regulated in any jurisdiction, however it will offer the same safety and security measures as the company’s other regulated brands.

FXCM Launches Unregulated Trading Brand

At this moment all of the brands owned and run by FXCM are only focusing on specific jurisdictions and geographical areas. Right now the company has regulated brands in the United States, in the United Kingdom, Canada, France, Germany, Japan and Australia.

All of these brands are regulated and licensed in the respective countries. The new FXCM Markets brand however will not become regulated in any market at all. This will allow traders located in unregulated markets to register an account at the new FXCM brand.

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The company explained that the decision to create an unregulated brand was taken with the intention to offer traders located in unregulated markets the possibility to trade at a company that does not have to follow all the strict and sometimes nonsensical regulations imposed by most jurisdictions.

Avoiding these nonsensical regulations, the new FXCM markets brand will have the possibility to offer services that are at this moment not offered at the other regulated brands. One of these services is the possibility to open interest bearing accounts as well as trade with a leverage of 400:1.

The interest bearing accounts will become available to traders who deposit at least AUD 5,000. This might indicate that the new brand is mainly interested in acquiring institutional clients or retail clients who prefer to trade with large volumes and amounts of money.

All Security Measures Will be On-Par with Regulated Brands

Even though the new brand will not have to follow the strict regulations of countries with a regulated market, FXCM announced that the same security standards that are implemented on all regulated brands would also be available on the new unregulated brand too.

Security features required by the law in regulated countries such as ‘Know Your Customer’ (KYC) and Anti Money Laundering (AML) polices will also be available on the new unregulated FCXM Markets brand and company too. This way, traders will be able to profit from the same safety standards as at the company’s regulated brands.

About FXCM

ForexNewsNow - FXCM

FXCM (Forex Capital Markets) is a major global forex broker that was established in New York in 1999, making it one of the oldest and most experienced financial service providers available on the market today. Over the years the company managed to establish itself in multiple countries on the planet.

The services offered by the venture can be accessed using multiple online trading platforms such as the popular MetaTrader 4 platform, the Mirror Trader platform, ZuluTrade, and NinjaTrader. The broker also has three proprietary platforms, which are the Web Trader the Mobile Trader and the Desktop Trader platforms.

The broker is also known for its low spreads, allowing traders to maintain a considerable profit margin. The company also offers various services to large clients and institutional customers around the globe.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

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