Wednesday, August 29, 2007

FXCM Account Update to My Inquiry

Dear Brian,

Thank you for your interest in FXCM. Your account is with Forex Capital Markets, LLC, which you will find on the June report as #47 -- not FXCM, LLC (#57).
Forex Capital Markets LLC (FXCM) is regulated as a Forex Dealer Member by the National Futures Association. According to a document released by the NFA, FXCM is the FDM referenced holding in excess of $215 million in customer funds out of a total of over $770 million held by Forex Dealer Members, making Forex Capital Markets LLC the Largest Forex Dealer Member.*
(*Source: http://www.nfa.futures.org/news/newsProposedRule.asp?ArticleID=1704)

According to the latest financial statements (month of March 2007) of all registered FCMs with the CFTC (of which the NFA is a self regulating body), below is a graphical layout of Net Capital for the top FCMs:

* http://www.cftc.gov/tm/tmfcm.htm?from=home&page=mktfcmcontent

FXCM Group has made an unprecedented public release of its balance sheet. We feel that all traders deserve the right to trade with the firm who they feel is financially stable and offers some of the highest amount of protection for their funds. The release of these financial statements will give you the insight needed to analyze FXCM's stability and trust that we will be here for you when you need it.
Highlights of the (unaudited) balance sheet include the following: $120,660,927 In Capital (Assets Minus Liabilities) $98, 657,018 In Operating Cash (Excludes Client Funds) Drew Niv, CEO of the global trading firm, commented: “FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry.”

Balance Sheet (Unaudited) FOR THE MONTH ENDED JANUARY 31, 2007
CUSTOMER CASH
257,529,075
OPERATING CASH
98,657,018
OTHER ASSETS
19,690,853
FIXED ASSETS
9,954,838
TOTAL ASSETS
385,831,784
CUSTOMER DEPOSITS
257,529,075
OTHER LIABILITIES
7,641,782
TOTAL LIABILITIES
265,170,857
FXCM CAPITAL
120,660,927
TOTAL LIABILITIES AND FXCM CAPITAL
385,831,784
FXCM Group consists of FXCM Holdings LLC, FXCM LLC, Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM Canada LLC.

FXCM is committed to offering clients excellent execution, easy accessibility, and the most exceptional service in the foreign exchange industry. If you have any questions or concerns, please feel free to contact us 24 hours a day. You can reach us via e-mail at sales@fxcm.com, via live chat from our website, or via phone at (212) 897-7660. You may also access our international toll-free numbers from this link: http://www.fxcm.com/contact-fxcm.jsp
Kindest Regards,Stephen CardenasForex Capital MarketsSuite 335 5430 LBJ FreewayDallas, Texas 75240Tel: (888) 503-6739Fax: (877) 229-0004Email: scardenas@fxcm.com
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