CFD Provider FXCM: New Lower Contract Sizes on Global Stock Indices, Oil and Gold

jsales

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On 18 October 2009, FXCM LTD, in a continued effort to perfect the CFD product offering, reduced the minimum contract sizes on their global stock indices, gold and oil instruments.

For Immediate Release:

Media Contact: Jaclyn Sales, [email protected]

London, 20 October 2009FXCM LTD (Forex | currency trading | forex trading | forex broker) began offering CFD trading in addition to forex trading in September 2009 allowing traders to trade forex, global stock indices, oil and gold—all on one platform.

On 18 October 2009, FXCM LTD, in a continued effort to perfect the CFD product offering, reduced the minimum contract sizes on their global stock indices, gold and oil instruments. This means that less margin will be required on many CFD instruments in order to place a trade. Just like trading forex, traders will be able to put up less equity to trade their opinion on stock indices, oil and gold.



View Full List: CFD Product Details


FXCM Trading Advantages:

• No Re-Quote Trading on Forex, Global Stock Indices, Gold and Oil - Some CFD brokers trade against their clients and re-quote in order to make money on your trades. That is a conflict of interest. FXCM will not interfere in client trading by re-quoting trades.
• NEW LOWER MARGIN REQUIREMENTS for Global Stock Indices, Gold and Oil
• Analyse Charts, Place Trades and Track Positions All from One Screen

Important Note:

1. The MMR column in the Simple Dealing Rates window will be updated to reflect the correct margin amounts per lot for CFD instruments on 25 October 2009.
2. As of 18 October 2009, due to illiquidity after the U.S. trading session, metal trading will now be closed daily for one hour between 21:00 and 22:00 GMT. During the break, you will not be able to place market orders, but limit/stops can be placed and/or amended.
3. Currently, two days prior to the monthly expiration of US Oil, FXCM will roll forward ALL open oil positions. On 18 October 2009, FXCM will only roll forward the net open US Oil position on the client account. For example, if you are long 10 US Oil and have another short 5 US Oil position, FXCM will roll forward the net open position, which in this example would be a buy of 5 US Oil to the next contract month. For further details on trading US Oil please view the complete product guide.

Full Details in our Product Guide: http://www.fxcm.co.uk/docs_pdfs/cfd_product_guide.pdf

With lower margins per trade on CFD instruments and no re-quote execution, FXCM feels clients will experience a far superior trading experience.

Trade your opinion on oil, gold or your local stock index! Deposit Funds

If you have any questions, please call one of our currency specialists, who are available 24 hours a day, at +0808 234 8789, or e-mail us at [email protected].

FXCM Holdings LLC Facts

As of June 2009

• FXCM Holdings LLC has over $100 million in capital.
• More than 150,000 live accounts trade on platforms offered by FXCM.
• An average of $365 billion in notional volume is traded each month on platforms offered by FXCM.
• More than $600 million in customer funds trading on platforms offered by FXCM.

Risk Disclaimer:

* FXCM is compensated through the bid/ask spread except where otherwise noted. Please note commission charges apply for certain classes of non-standard accounts such as Active Trader.

† Without proper risk management, currency trading has a high degree of leverage which can lead to large losses as well as gains.

Leveraged Contracts for Difference (CFD) and foreign exchange (Forex) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade CFDs and/or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 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. You should be aware of all the risks associated with CFD and forex trading, and seek advice from an independent financial advisor if you have any doubts.

Currently, residents of the United States are not permitted to trade CFD instruments offered by FXCM.
 
Job ad placed in May 2009 .

Senior FX trader @ Forex Capital Markets

A Senior Foreign Exchange Trader position is available at Forex Capital Markets, LLC in New York. A successful candidate will become a market maker on 24-hour spot FX trading desk; will work directly with managing partners to continuously track firm’s net positions against its client base and will develop and implement superior trading strategies based on changing market conditions, firm needs, and client performance; will trade a new CFD product and hedge the relevant risk; will manage a team of 10 employees; will hire and train new traders; will head an overseas expansion project, FXCM India with a customer and employee base that is 60% Hindi speaking. Candidates should have BS degree in Business/Finance and minimum 2 years of experience in FX trading. Proficiency in Hindi language is required.

Job Benefits

not provided
 
Last edited:
Job ad placed in May 2009 .

Senior FX trader @ Forex Capital Markets

A Senior Foreign Exchange Trader position is available at Forex Capital Markets, LLC in New York. A successful candidate will become a market maker on 24-hour spot FX trading desk; will work directly with managing partners to continuously track firm’s net positions against its client base and will develop and implement superior trading strategies based on changing market conditions, firm needs, and client performance; will trade a new CFD product and hedge the relevant risk; will manage a team of 10 employees; will hire and train new traders; will head an overseas expansion project, FXCM India with a customer and employee base that is 60% Hindi speaking. Candidates should have BS degree in Business/Finance and minimum 2 years of experience in FX trading. Proficiency in Hindi language is required.

Job Benefits

not provided

Hi rramin,

FXCM uses no dealing desk execution for forex transactions in standard 10k accounts; however, risk for the CFD products is currently managed through the FXCM trading desk. The goal is to eventually have CFD no dealing desk execution as well, but the initial stages of our product will be managed by the trading desk.

One big difference with our CFD's from traditional market makers is that there are no re-quotes on our CFD's. We have demos available for CFD's here
 
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