Whether you’ve been trading on the foreign exchange, or forex, market for some time – or are interested in trying it out for the first time – the first thing you need to do is choose a forex broker. As the popularity of forex trading continues to skyrocket, the number of forex brokers steadily rises. Choosing one from a sea of many can be daunting, but it is best to stick with large, reputable names. Forex Capital Markets LLC, or FXCM, is one of the largest and most well-regarded forex brokers in business today. We’ll take a closer look at FXCM below.
FXCM’s global reach began in earnest in 2002, when it opened its London office. Over time, FXCM has opened offices in Hong Kong, Sydney, Dubai and Paris; it also has several offices within the United States. Its FX Trading Station trading software is regarded as one of the leaders in the industry, and FXCM further distinguishes itself by offering a discount brokerage division, FXCM Micro, along with its regular suites of services under FXCM Standard.
About FXCM
Since being founded in 1999, Forex Capital Markets LLC – commonly known as FXCM – has risen to become one of the most reputable and relied upon forex brokers in the world. Its 2008 revenues surpassed $300 million, and it employs more than 550 people worldwide. Its main headquarters in New York serve as the nucleus of a worldwide organizational structure that offers a flexible number of options to the many traders who rely upon its services.FXCM’s global reach began in earnest in 2002, when it opened its London office. Over time, FXCM has opened offices in Hong Kong, Sydney, Dubai and Paris; it also has several offices within the United States. Its FX Trading Station trading software is regarded as one of the leaders in the industry, and FXCM further distinguishes itself by offering a discount brokerage division, FXCM Micro, along with its regular suites of services under FXCM Standard.
Key Registrations
FXCM is registered with the:- Futures Commission Merchant (FCM)
- National Futures Association (NFA)
- Australian Securities and Investments Commission (ASIC)
Contact Information At A Glance
If you decide to do business with FXCM, you’ll want to keep its most important contact information on hand. The basic contact information for FXCM is as follows:- Toll-Free Phone Number: 1 (888) 50-FOREX or 1 (888) 503-6739
- Local Phone Number: 1 (212) 201-7301
- Fax Number: 1 (877) 229-0004
- Trading Desk: 1 (866) 600-FXCM or 1 (866) 600-3926
- Email Support: info@fxcm.com
- Online Support/Live Chat: www.fxcm.com/live_help/prechat_survey_body.html
Latency or delay as known in computer networking, is the time interval for a process to present an outcome, the time delay between the cause and effect of a physical change within a system. In Forex Trading, latency indicates the time needed for the traders’ requests to get a response from the broker’s server. Latency is considerably important because it can have a huge impact on the price that traders pay in the markets, hence it is significant for latency to be at lowest when making a trade. Traders can identify the range of latency in accordance with the trade that they are executing.
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