New York, NY, August 08, 2007 --(PR.com
)-- FXCM is pleased to announce that they have been ranked in the August 2007 issue of Entrepreneur Magazine as #66 on their Hot 500 list of America's Fastest Growing Companies.
Drew Niv CEO of FXCM told Entrepreneur Magazine reporters that his best advice to other small businesses starting out is "first, make the service fit the customer. Second, find the customer. Third, keep the customer—with iron focus on customer service.”
Niv, also proud to share his success secret said, “We were able to recognize early that the major stumbling blocks to retail currency trading were lack of knowledge and lack of convenient access. That is why we demystified Forex by making Forex education an integral part of our business, and then invested heavily in the back-end technology necessary to underpin a super-convenient online trading system. Both were part of our general strategy—to sacrifice short-term profitability for long-term stability and growth."
This isn’t the first time that FXCM has been noticed as a fast growing company. In 2006, FXCM was recognized by Deloitte Touche’s “Technology Fast 50” as the fastest growing financial technology firm in the state of New York. From 2001 to 2005 FXCM grew 982%, placing first among financial firms and twelfth overall. FXCM was also acknowledged as the largest financial services firm on Inc. Magazines 2006 list of fast-growth companies.
FXCM was also a finalist this month in the FX Week awards for Best Retail Platform. “This year the FXCM Trading Platform has made historic changes in an effort to lead the retail forex market into a new age of efficient execution” said Niv. “We will keep growing and continue to succeed.”
• Forex Capital Markets LLC is the Largest Forex Dealer Member*
• More than 90,000 live accounts are traded on the FXCM trading platform
• Over $200 billion in notional volume is traded each month on the FXCM trading platform
• FXCM provides customer support with native speakers of 20 languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
*As of September 2006, FXCM held in excess of $215 million in customer funds out of a total of over $770 million held by Forex Dealer Members. While there are approximately 31 active Forex Dealer Members with liabilities to customers of approximately $795 million, FXCM holds approximately 1 out of every 3 dollars of customer funds held by Forex Dealer Members.
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. 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.
More Information: Jaclyn Sales, email@example.com 646-432-2463