FXCM says that "Your Money is Our Money!"

[Jason Rogers]

Quote from Wallet:

Can you answer this question, please

Hi Wallet,

US regulations do not afford the same protections as FSA regulations. Forex accounts in the US are held separate from operational funds, but the funds are not segregated. We understand safety of funds is one of the top concerns when traders decide where to deposit funds. This is why we chose to release a quarterly balance sheet as a private company, and FXCM is now a publicly traded company on the New York Stock Exchange (NYSE: FXCM) so you can look through our public financial filings. FXCM has no debt and over $190 million in cash. Here's the most recent release for Q4 earnings and full 2010 results: http://ir.fxcm.com/phoenix.zhtml?c=238885&p=irol-newsArticle&ID=1534848&highlight=

-Jason

 

[Jason Rogers]

Quote from Jason Rogers:
Retail accounts with FXCM UK are segregated in accordance to FSA client money rules.

A couple weeks ago there were questions about segregated accounts at FXCM UK vs. non-segregated accounts in response to the terms and conditions email sent out. I was able to get details on the number of segregated vs. non-segregated accounts at FXCM UK which I can share with you.

As of April 10, 2011 FXCM UK had a total of 80,103 accounts. Out of this number, <b>13 accounts</b> at FXCM UK were not segregated due to professional client classification as specified by the FSA client money rules. All of the 80,090 retail individual trading accounts are segregated, as they should be, according to FSA client money rules. Even though the funds of only 13 accounts are not segregated, they are still held separate from FXCM's operational funds, and professional clients can still request that their funds be segregated.

Safety of funds is a top concern for every trader in the forex market. You need to know whether the broker you entrust your money with is financially stable and won't disappear with your deposit. FXCM is a publicly traded company on the New York Stock Exchange (NYSE: FXCM), and our audited financial statements are publicly available for you to access. FXCM has no debt and over $190 million in cash. The most recent release for Q4 earnings and full 2010 results can be found here: http://ir.fxcm.com/phoenix.zhtml?c=238885&p=irol-newsArticle&ID=1534848&highlight= .