de | cn | ru

Brokers News

2013 in Review: FXCM

We now turn to the review of the annual fortunes of FXCM, the US Forex major, which has really stepped up its efforts in almost all business respects in 2013: there has been a spurt of acquisitions, new products, bonuses, and even some new business entities. Moreover, the FX broker has managed to show some quite robust performance results in the face of subdued market volatility and to increase the amount of retail Forex assets under its custody despite rigid regulatory demands. We all know that the regulatory climate for Forex in the United States this year went sour,  especially with the new capital requirements – still, FXCM not only thrived amid the regulations but also managed to benefit from them.

 

FXCM started the year with a nice gesture to its clients, and especially to fans of social Forex trading, as in January the broker made Mirror Trader – the social trading platform, available to all of its clients regardless of the type of accounts they hold. The social Forex offering grew further in February, with FXCM adding Tradeo via a designated cloud bridge. 

 

And while we are talking about new services, we should note that the Italian subsidiary of FXCM launched a corporate hedging service in November to the convenience of companies that have international operations. 

 

This said, let's stress that FXCM has been very active in global plan over 2013 – it introduced an educational platform in China and organized conferences in Germany and France. Was this enough for the broker? Absolutely, not! FXCM is targeting an international clientele and for that purpose the broker surprised us in April by establishing FXCM Markets – an unregulated subsidiary in Bermuda, which accepts all sorts of clients. Now, that's what we call wide-scale thinking!

  

The ambitions of FXCM were underlined by its mergers & acquisitions push, which commenced in April with a $210.4 million bid targeting (wow!) US rival GAIN Capital. Well, GAIN turned down the offer and FXCM laid down for a while, but just for a while. In the third quarter, while everyone in the retail FX sector was complaining about weak volatility, FXCM revived the M&A push by acquiring a 50.1% stake in Faros Trading, an expert in Forex intelligence and execution expert from Connecticut, the US. Then, all of the speculation around a deal with Infinium Capital, a Chicago-based company specialized in providing trading services for institutional clients, ended as FXCM purchased a $12 million note issued by Infinium Capital. 

 

The acquisitions drive is definitely not completed, with FXCM's management promising a really big hit in this respect by June 2014: the target will be from the retail FX sector. 

 

And as we talk of retail business and its fortunes, let's mention that FXCM managed to snatch the MT4 accounts of clients of Alpari US, which exited the US retail Forex market in the end of September.

 

It seems that FXCM seeks to have all angles covered – especially in terms of financing the future deals the company is rather prudent. In November, the broker announced extension of its revolving credit facility – after the changes, it falls due in December 2016 and the size has grown to $205 million. The company is obviously thinking about funding future deals. 

 

All of the efforts of the broker are paying off, or at least this is what the Investment Trends' reports show: according to them, FXCM is the Forex broker with the highest rate of client satisfaction in the United States, Australia and the UK for 2013. The same surveys also show that the broker is increasing its market share globally.

Apparently, FXCM has plenty to celebrate at the end of this year. Meanwhile, we cannot wait to see the exciting news the broker will deliver in 2014.

TAGS: fxcm  forex capital markets  fxcm forex broker  us forex broker  fxcm 2013  fxcm 2013 review  fxcm acquisition  fxcm markets  2013 in review  infinium capital  faros trading  revolving credit facility 

More news about FXCM

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Brokers News

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand Trading.com

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Trading.com. Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

de | cn | ru