de | cn | ru

Brokers News

Leading US forex broker FXCM on the way to raise $125 million

Forex Capital Markets (FXCM), the leading forex broker in the US, seems to plan to raise $125 million through the issues of securities. The broker has filed a preliminary prospectus with the US Securities and Exchange Commission (SEC), according to which the broker intends to issues class A common stock, preferred stock, debt securities, depositary shares, purchase contracts, warrants, or units, or rather a mixture of those.


FXCM intends to use the proceeds it plans to raise to hike its capital and refinance its liabilities, as well as to repurchase certain outstanding securities.


The broker’s prospectus, however, is not very informative and precise. Preliminary prospectuses are required by the SEC when a company plans to issue securities and aim to inform investors of a company’s intentions, rather than make an offer. According to the document, FXCM will not issue the securities at once. It “may offer from time to time up to an aggregate of $125,000,000 of any combination” of the above-listed securities. In what combination these securities would be offered is yet to become clear.


Since it is not certain in when the broker will issue for purchase securities, their price will differ depending on factors as the current market prices at the time of sale.


What distribution channels FXCM will use was another thing that the broker did not specify. It may or may not use mediators and it may or may not offer securities directly to buyers. It may choose one or many of the following:


   - on the New York Stock Exchange (including through at the market offerings)
   - in the over-the-counter market
   - in privately negotiated transactions
   - through broker/dealers, who may act as agents or principals
   - through one or more underwriters on a firm commitment or best-efforts basis
   - in a block trade in which a broker/dealer will attempt to sell a block of securities as agent but may position and resell a portion of the block as principle to facilitate the transaction
   - through put or call option transactions relating to the securities
   - directly to one or more purchasers
   - through agents


FXCM noted that even if the securities get registered, this may not result in their being offered or sold.


FXCM (NYSE:FXCM) is one of the biggest providers of online forex and CFD trading, spread betting and related services worldwide, servicing institutional and retail clients alike. Recently, we reported that the broker continues to lead the US retail forex market both by trading volume and client deposits.


The company has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France.

 

TAGS: fxcm  us forex broker  fund raising 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC 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
Australia ASIC MT4, MT5 $100 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

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

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

de | cn | ru