de | cn | ru
Forex

Brokers News

FXCM Hong Kong sold to top 5 FX broker in Japan

FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, today announced that Forex Trading, LLC, a subsidiary of FXCM Newco, LLC ("FXCM") has completed its sale of FXCM Asia Limited ("FXCM Hong Kong") to Rakuten Securities, Inc. ("Rakuten Sec"), a top 5 FX broker in Japan, and a subsidiary of Rakuten, Inc. ("Rakuten") (TOKYO:4755), one of the world's largest Internet services companies, for a total consideration of approximately $38 million.
 
Rakuten Sec will continue to use the FXCM trading system for FXCM Hong Kong clients under a white label agreement with FXCM and will continue to service local forex traders as FXCM Asia powered by Rakuten Sec.
 
Additionally, FXCM anticipates repaying $33 million outstanding under its credit agreement with Leucadia and will have repaid $115 million to date, leaving $195 million remaining.
 
"The company remains focused on completing our near-term strategy of eliminating the Leucadia debt through the sale of non-core assets and cash generated through operations as well as accelerating the growth of our core business through a number of FX and CFD initiatives," said Drew Niv, CEO of FXCM. "With the close of this deal we have made another positive step towards completing our goals."
 
About FXCM Inc.
 
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (forex) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
 
Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
 
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors.
 
TAGS: fxcm  japan  forex japan  forex broker japan  hong kong  rakuten 

More news about FXCM

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4 $10 Review Website

More Forex Brokers News

Alpari terminates offering of CryptA Capital cryptocurrency portfolio

Oct 18 2017 07:28:58

 Alpari, one of the larger international forex and binary options brokers, mostly active in Russia, announced it terminates the offering of the CryptA Capital cryptocurrency investment portfolio. Read more

FxOpen expands platform offering with MetaTrader 5

Oct 17 2017 09:09:15

 FXOpen, an ASIC and FCA-regulated forex and CFD broker announced it is adding the increasingly popular trading platform MetaTrader 5 to its offering. It provides access to ECN trading and interbank liquidity. Read more

Grand Capital launches Serenity Financial - blockchain-based arbitration forex platform

Oct 16 2017 07:40:20

 Forex, CFD and binary options broker Grand Capital  announced it has launched Serenity Financial – a blockchain-based secure forex marketplace for traders and brokers. Read more

Forex

Saxo Bank adds Ethereum tracker ETNs

Oct 12 2017 15:27:58

Saxo Bank, a major Danish financial services provider and forex broker, announced it is adding Ethereum Exchange Traded Notes (ETNs) to its asset list.   The new instruments are in addition to the Bitcoin tracker ETNs earlier and are all listed on Nasdaq OMX Stockholm. Read more

CySEC withdraws suspension of OptionRally's license

Oct 12 2017 12:13:20

 The Cyprus Securities and Exchange Commission (CySEC) has announced its October 2 board decision to withdraw the suspension of the license of the binary option broker OptionRally. Read more

FxPro gets Dubai license, to open office there – media

Oct 11 2017 10:25:02

FxPro, a well-established European forex and CFD broker, has obtained a license from the Dubai Financial Services Authority (DFSA) and will open an office in Dubai shortly, reports LeapRate. Read more

CMC Markets opens office in Shanghai – media

Oct 11 2017 08:46:29

CMC Markets, a major global forex and CFD broker, has opened an office in Shanghai, reports the site Finance Magnates. The broker already has an office in the capital Beijing, supported by the team in Australia.   The new office will help CMC Market expand and strengthen its presence in China. Read more

Harborx to showcase its in-house trading app at FinovateAsia 2017

Oct 10 2017 12:03:25

CySEC-regulated forex broker Harborx is among the selected presenters at FinovateAsia 2017, one of Asia’s premier fintech events to be held on November, 7-8 in Hong Kong. Read more

Tickmill jumps the Bitcoin bandwagon

Oct 10 2017 10:25:33

Hardly a day goes by, without a forex broker joining the Bitcoin mania and starting to instruments involving digital currencies. Today’s news is about the global NDD brokerage Tickmill, which announced it is adding the most popular cryptocurrency, Bitcoin, to its trading instrument list. Read more

easyMarkets launches Bitcoin CFDs

Oct 09 2017 07:56:20

 easyMarkets, a global forex broker regulated in Cyprus and Australia, announced it is launching CFDs on Bitcoin, joining the global trend among the forex brokers.   Trading in the new instrument can be done 24/7, with a leverage of up to 1:10 and a minimum deposit of $100. Read more

Forex
de | cn | ru