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FXCM Recognized Again for Best Retail Platform by FX Week

By Gregory Kelly
29 July 2010 19:26 GMT

The award, announced on July 13, 2010, at the FXWeek U.S. conference, recognizes industry excellence in electronic foreign exchange trading from banks and vendors.

FXCM prevailed over other industry leading firms, including Oanda and Saxo Bank.

Drew Niv, CEO of FXCM, stated, “This award once again confirms FXCM's leadership in the forex market. The No Dealing Desk (agency execution) business model embraced by FXCM in 2006 is clearly the direction forward for the retail industry. Clients want transparent and fair execution and FXCM offers it.”

FXCM developed its proprietary trading platforms: FX Trading Station II (PC-based) and FXCM Active Trader (Web-based) to meet the rigorous conditions of today's volatile markets. The current platforms were developed by an in-house team of over fifty programmers. Strategy Trader, a third platform to be released soon, will be a direct competitor to the industry loved MetaTrader 4, but has been built specifically for FXCM's No Dealing Desk business model.

FXCM offers a variety of platforms based on specific trader needs. Along with the platforms listed above, FXCM offers a mobile platform for iPhone, BlackBerry®, Android, and Windows operating systems. The Forex System Selector and MetaTrader 4 platforms offers clients the ability to set strategies and walk away. All of FXCM’s platforms are extremely scalable and robust. There are over 200,000 live accounts trading on multiple platforms offered by FXCM, with an average of over seven million trades per month.

FXCM currently has successful white-label relationships all over the world working with banks, brokerages, and large financial institutions. White label partners are able to deploy individually customized platforms based on FXCM's awarding forex trading platform.

FXCM Holdings LLC Facts

FXCM is a leading global forex and CFD 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.

At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients have market access to some of the world's largest liquidity providers which enables FXCM to offer clients spreads as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. 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.

MetaTrader 4 and FSS accounts are available through FXCM LTD.

*Please be advised that CFD accounts are not available to residents of the U.S. or its territories. Additionally, FXCM LTD offers spread betting exclusively to UK residents. Residents of other countries are NOT eligible.

Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all.Read full disclaimer.

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.

29 July 2010 19:26 GMT