February 21, 2012
E*TRADE Launches Retail Forex Trading
Access to Global Currency Markets, Research and Education through FXCM
NEW YORK--(BUSINESS WIRE)--
E*TRADE Financial Corporation (NASDAQ: ETFC) and FXCM Inc., (NYSE: FXCM)
announced today that E*TRADE FFX, LLC ("E*TRADE FX") will now offer
customers access to global currency markets, research and education
through FXCM1, on the newly launched E*TRADE FX platform.
E*TRADE FX customers will be able to trade seamlessly on the E*TRADE FX
no-fee platform, which includes:
Advanced Charting: customizable technical studies, analytics
Quick Transfer: easily move funds between E*TRADE brokerage or
bank accounts and forex accounts2
News & Analysis: access to international financial news and
a comprehensive economic calendar
56 Currency Pairs: choose from a variety of major and minor
Leverage3: up to 50:1 leverage for
major pairs and 20:1 for minors
Forex Trading Specialists: access to experienced forex
No Commissions4: competitive spreads
and fair execution
Free Trading Education: live in-person, on-line, and on-demand
Extended Trading Day: 24 hours-a-day, 5 days-a-week
Practice Account: practice trading forex risk free with live
"Forex trading offers investors and traders the opportunity to broaden
and diversify their portfolios through access to a highly liquid global
market," said Christopher Larkin, head of Retail Trading and Client
Services. "By offering industry-leading forex technology and educational
resources we are providing investors at all levels with the ability to
act on their opinions on global currencies and to incorporate ‘cash' as
an asset class into their portfolios in a new way."
"FXCM is an industry leader in FX technology and providing educational
services. It was a natural fit for FXCM to provide these services to
E*TRADE and its customer base," said Drew Niv, CEO of FXCM. "We believe
this is another step for the retail FX industry in becoming more
mainstream and well-known, especially in the U.S."
To find out more information on the E*TRADE FX offering please visit: www.etrade.com/forex.
1Foreign exchange products are introduced by E*TRADE FFX, LLC
("E*TRADE FX"). E*TRADE FX is an Introducing Broker to Forex Capital
Markets, LLC ("FXCM"). FXCM will hold the account and the respective
funds and will act as the counterparty to foreign exchange trades. FXCM
is not affiliated with E*TRADE FX or its affiliates.
2Quick Transfer will be available to E*TRADE FX customers on
March 1, 2012.
3Leverage can dramatically amplify your profits. It can also
just as dramatically amplify your losses. Trading foreign exchange with
any level of leverage may not be suitable for all investors.
4Typically, foreign exchange costs are embedded in the
spread. E*TRADE FX is an Introducing Broker and is compensated through a
rebate for services from the spread between bid/ask prices.
About E*TRADE Financial
The E*TRADE Financial family of companies provides financial services
including online brokerage and related banking products and services to
retail investors. Specific business segments include Trading and
Investing and Balance Sheet Management. Foreign exchange products are
introduced by E*TRADE FFX, LLC (Member NFA). Securities products and
services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank
products and services are offered by E*TRADE Bank, a Federal savings
bank, Member FDIC, or its subsidiaries. More information is available at www.etrade.com.
About FXCM Inc.
Inc. (NYSE: FXCM) is a global online provider of foreign exchange
(forex) trading and related services to retail and institutional
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. In addition, FXCM offers educational
courses on forex trading and provides free news and market research
Trading foreign exchange on margin carries a high level of risk and may
not be suitable for all. Read
All references to "FXCM" refer to FXCM Inc. and its consolidated
E*TRADE Financial, E*TRADE and the E*TRADE logo are trademarks or
registered trademarks of E*TRADE Financial Corporation. ETFC-G
© 2012 E*TRADE Financial Corporation. All rights reserved.
E*TRADE Financial Media Relations Contact
Financial Investor Relations Contact
Source: E*TRADE Financial Corporation
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