New York, NY, August 22, 2008 --(PR.com
)-- FXCM (www.fxcm.com) has announced the opening of its discount brokerage division FXCM Micro (www.forexmicrolot.com
FXCM Micro allows traders to trade with super-low spreads, automated execution, and 1K lot sizes. FXCM Micro is offered for individual, self-traded accounts.
FXCM Micro successfully launched on June 22 with existing clients and has since fully launched, accepting new clients both domestic and internationally. Currently there are over 15,000 clients trading through FXCM Micro.
FXCM Micro is for traders who prefer the flexibility and convenience of trading in small (1K, 2K) lots, but are not willing to sacrifice tight spreads or quality execution.
With FXCM Micro, you can open an account with as little as $25, yet trade with competitive spreads.
In order to provide clients with tight spreads for 1K lot sizes (as little as 15 cents per lot for EUR/USD), FXCM controls expenses, such as costly support services. Instead of providing these services to clients by phone or IM, FXCM has innovated extensive self-help sections so that clients can find immediate answers on the Web site.
For more information and to see lower spreads, open a live FXCM Micro account with only $25, Sign up at http://www.forexmicrolot.com/open-an-account.jsp
· Forex Capital Markets LLC is one of the Largest Forex Dealer Members
· More than 100,000 live accounts are traded on FXCM trading platforms
· As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
· As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
· FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world.
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.
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