NEW YORK & TORONTO--(BUSINESS WIRE)--FXCM Inc. (NYSE: FXCM) and Friedberg Mercantile Group Ltd., today announced the launch of FXCM Canada, offered by Friedberg Direct (“FXCM Canada”).
FXCM Canada was created to allow Canadian residents access to FXCM's suite of products, including its award-winning platform and No Dealing Desk forex execution, while maintaining their accounts with a regulated Canadian firm. All accounts are held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg is also a member of the Canadian Investor Protection Fund (CIPF), so all FXCM Canada accounts are protected by the CIPF for up to $1 million. The Friedberg Group of Companies, founded in 1971, is headquartered in the financial district of Toronto and manages over $2 billion in assets.
FXCM Canada Offers Canadian Residents:
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Faster Trading with a New Online Web Platform!
FXCM Canada offers the Trading Station platform in both a desktop and web browser format. Try them both today with a free forex demo. Sign Up for a Demo Account -
Free Access to DailyFX PLUS
Whether you are looking for live instructor education, automated trading signals, or proprietary positioning data, DailyFX PLUS has the tools you need to get an edge in forex trading. -
Local Regulation
Friedberg Mercantile Group is a member of the Investment Industry Regulatory Organization of Canada (IIROC). Accounts with FXCM Canada are protected up to $1 million through the Canadian Investor Protection Fund (CIPF).
To sign up for an account with FXCM Canada, please click here: http://www.fxcm.ca/open-forex-account.jsp.
About FXCM Inc.
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
About Friedberg Direct
Friedberg Direct is a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and all Canadian exchanges.
Accounts opened through FXCM Canada are held by Friedberg Direct. FXCM Canada clears trades through a subsidiary of FXCM Inc., a publicly traded company listed on the New York Stock Exchange (NYSE: FXCM). Customers of FXCM Canada may, in part, be serviced through subsidiaries of FXCM Inc. FXCM Inc does not own or control any part of Friedberg Direct.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Read full risk disclaimer.
Forward Looking Statement:
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. A variety of important factors could cause results to differ materially from such statements. These factors are noted in FXCM Inc.'s filings with the Securities and Exchange Commission, particularly FXCM Inc.'s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 31, 2011. These factors include, but are not limited to, the actions of both current and potential new competitors, fluctuations in market trading volumes, financial market volatility, evolving industry regulations, errors or malfunctions in our systems or technology, rapid changes in technology, effects of inflation, customer trading patterns, the success of our products and service offerings, our ability to continue to innovate and meet the demands of our customers for new or enhanced products, our ability to successfully integrate assets and companies we have acquired, changes in tax policy or accounting rules, fluctuations in foreign exchange rates, adverse changes or volatility in interest rates, as well as general economic, business, credit and financial market conditions, internationally or nationally. The forward-looking statements included herein represent FXCM Inc.'s views as of the date of this release and FXCM Inc. believes that forward-looking statements made by it are based on reasonable expectations. FXCM Inc. undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law.