Trade with No Re-quotes, No Debit Balance, and No Commissions*
Sydney—7 July 2010—FXCM Australia Ltd. (www.fxcm.com.au), a leader in the retail forex business, has launched new CFD instrument that combines forex, global stock indices, oil, and gold trading into a single easy to use platform.
Key features of online CFD trading with FXCM include:
- No Re-Quote Trade Execution
Some brokers re-quote their clients when trading CFDs. FXCM will not interfere in your trading by re-quoting your trades
- Access to Global Markets
Trade Gold, Oil, the ASX 200, Global Stock Indices, and Forex all from one platform.
- No Debit Balance
Unlike margin trading through other providers, FXCM guarantees that you will never have to pay a deficit balance as a result of trading!
- No Commissions,* Tight Spreads
Use less of your money to trade more. With FXCM, you will be able to trade commission-free with competitive spreads.
Dan Perry, Managing Director at FXCM Australia says:
“FXCM opened its Australia office in early 2009 to act as headquarters for the company's expansion into the South Pacific region. As it has expanded its local reach and global footprint into the Pacific, the company has hired staff locally to provide clients with quick deposit, withdrawal, and support services.
FXCM Australia Ltd currently provides a full package of currency trading products, services, and education, and is pleased to include CFD’s. Everything we do at FXCM is driven by client demand. Our clients have long asked to apply the no re-quote business logic we adopted for our award-winning forex service to the index, oil, and metals CFD marketplace.”
By trading CFD’s with FXCM, retail clients benefit from FXCM's close banking relationships with over ten of the largest and most aggressive price providers who supply clients with large pools of liquidity at highly competitive spreads, even during market-moving news events. Furthermore, FXCM believes that the new index, commodity, and precious metal CFD instruments will complement their existing forex business and appeal to more retail clients in Australia and New Zealand, enabling them to trade a range of products from a single trading account.
To Open a free practice account and begin trading CFD's with FXCM Australia. http://www.forextrading.com.au/free-forex-accounts.jsp
**Please Note: FXCM Australia Limited has released the following documents, it is important you familiarise yourself with all the documents before trading CFDs. **
A new CFD Product Disclosure Statement: View Here
Modified version of the FX Product Disclosure Statement: View Here
Modified version of the Financial Services Guide: View Here
And Modified version of the Terms of Business: View Here
Should you have additional questions, please refer to: CFD Frequently Asked Questions.
About FXCM Holdings LLC
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
FXCM's CFD product† offers no re-quote trading and allows traders to trade oil, gold, silver and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading and provides free news and research through DailyFX.com.
† Please note that CFD accounts are not available to residents of the U.S. and its territories.
* FXCM is compensated through the bid/ask spread except where otherwise noted.
Trading foreign exchange and CFD’s on margin carries a high level of risk, and may not be suitable for all.
Risk Warning: Trading foreign exchange and/or CFDs on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange and/or CFDs offered by FXCM Australia Ltd. you should carefully consider your objectives, financial situation, needs and level of experience. FXCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this Web site must not be construed as personal advice. By trading, you could sustain a total loss of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading in foreign exchange products and you should read and consider the Financial Services Guide, Product Disclosure Statement, and Terms of Business issued by FXCM Australia Ltd. before making any decision about whether to trade the foreign exchange or CFD products offered by FXCM Australia Ltd. Foreign exchange and CFD products are only suitable for those customers who fully understand the market risk. For any questions or to obtain a copy of any documents, contact FXCM Australia Ltd. at email@example.com. FXCM recommends you seek advice from a separate financial advisor.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.