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Interview FXCM

Mike Buzzeo Sr. Vice President Marketing at Forex Capital Markets LLC


1. FXCM claims over 100.000 trading accounts today. What is the company's average nominal trading volume per month?


MB: Over the past sixteen months (Jan '08 - April '09), on average over USD$590 billion of notional volume is traded across the FXCM platforms on a monthly basis.

*Notional USD volume is base currency * USD exchange rate. Average monthly exchange rates are used to calculate notional volume.


2. Which are the distinctive advantages which make FXCM one of the world leading market brokers? In other words, why do many private currency traders choose to open an account with FXCM today?


MB: Forex Capital Markets (FXCM) is a leading global forex broker that caters to the retail and institutional market in over 80 countries. Founded in 1999, FXCM is one of the largest and most financially strong brokers, regulated in the United Kingdom, the United States, Australia, Canada, France, Dubai, Hong Kong, and now Italy. In the United Kingdom, FXCM UK is a regulated forex broker with the Financial Services Authority (FSA# 217689). FXCM is dedicated to technological innovation that enhances the online trading experience, and this is why FXCM has attracted over 125,000 live accounts which trade through FXCM's multiple platforms, including MetaTrader 4.*


At the core of FXCM's business model is its No Dealing Desk* execution which eliminates conflict of interest between broker and trader, ensuring that there is no dealer intervention in trades. Trades are executed back to back with some of the world's premier banks or financial institutions, who compete to provide FXCM's clients with the best bid/ask prices. Some even provide spreads as low as 1 pip.*


FXCM also offers clients an extensive suite of free forex trading signals through DailyFX +. These signals are interactive trading alerts that update automatically in real time, twenty-four hours a day, on a dynamic basis. Tracking six strategies on fourteen currency pairs, FXCM Trading Signals have a customizable alerts section that updates live when signals change. The FXCM Trading Station also features the ability to trade from charts and has won multiple awards through the years. FXCM offers a twenty-four-hour-a-day, seven days a week live support by phone, IM, and e-mail.


3. With a view to the new US regulations, which fundamental assets a forex broker should have to ensure stable growth in the US?


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