In the late 1990s, a massive group of eager investors (people like you) wanted to trade forex, but easy access to the market simply wasn't there. We started FXCM in 1999 convinced that a unique online trading experience would allow the public, now armed with home computers and the internet, to do something extraordinary: trade the global currency market 24 hours a day.
By the end of our first year, we were trading $250 million a month—small compared to the massive $435 billion now, but a huge achievement for a new industry.
2003: By nature, foreign exchange is global, so that's where we went. We first expanded outside the US with our London office. Soon, we opened offices in Paris, Sydney, Milan, Berlin, Tel-Aviv, Hong Kong, Tokyo, Toronto, Athens and other major economic capitals around the world.
In 2007 we wanted to overturn the traditional forex model of dealers directly profiting from client losses. Direct market access, we feel, is the fairest possible trading, which came to light when we introduced No Dealing Desk forex execution. Thanks to an outstanding client reaction to NDD, in November, we met a personal goal: We passed 100,000 accounts.
When the 2008 financial crisis hit, thanks to our business model, FXCM was never in a dangerous position; in fact, we were thriving, with no debt, substantial cash holdings and an increasing client base. By 2010, we saw the true, fragile nature of many of our competitors and many forex traders became concerned about the safety of their funds. Our strong economic position allowed us to acquire multiple brokerages to enhance our capabilities and market share.
2009: Knowing the size and scope of FXCM's resources, our clients turned to us to unify their investments. They wanted to trade forex alongside oil, gold and stock indices. While regulations prevent CFD trading in the United States, our international offices began offering these special products to meet the demand for a multi-asset platform to diversify their investments.
2012: As our clients become better traders, they develop new ideas for strategies. Our development team codes these EAs, indicators and scripts to meet the demand for automation. We launched the FXCM Apps store to offer these useful trading apps, many of which are free, to traders of any experience level.
In 2014, the market was ripe for a change. Taking No Dealing Desk to its next level, we changed our business model. Our new spreads-plus-commission model brought in super-tight spreads and low commissions to give even more transparency to trades.
Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.. Please read FXCM's full risk warning: https://www.fxcm.com/markets/legal/trading-execution-risks/
By the end of our first year, we were trading $250 million a month—small compared to the massive $435 billion now, but a huge achievement for a new industry.
2003: By nature, foreign exchange is global, so that's where we went. We first expanded outside the US with our London office. Soon, we opened offices in Paris, Sydney, Milan, Berlin, Tel-Aviv, Hong Kong, Tokyo, Toronto, Athens and other major economic capitals around the world.
In 2007 we wanted to overturn the traditional forex model of dealers directly profiting from client losses. Direct market access, we feel, is the fairest possible trading, which came to light when we introduced No Dealing Desk forex execution. Thanks to an outstanding client reaction to NDD, in November, we met a personal goal: We passed 100,000 accounts.
When the 2008 financial crisis hit, thanks to our business model, FXCM was never in a dangerous position; in fact, we were thriving, with no debt, substantial cash holdings and an increasing client base. By 2010, we saw the true, fragile nature of many of our competitors and many forex traders became concerned about the safety of their funds. Our strong economic position allowed us to acquire multiple brokerages to enhance our capabilities and market share.
2009: Knowing the size and scope of FXCM's resources, our clients turned to us to unify their investments. They wanted to trade forex alongside oil, gold and stock indices. While regulations prevent CFD trading in the United States, our international offices began offering these special products to meet the demand for a multi-asset platform to diversify their investments.
2012: As our clients become better traders, they develop new ideas for strategies. Our development team codes these EAs, indicators and scripts to meet the demand for automation. We launched the FXCM Apps store to offer these useful trading apps, many of which are free, to traders of any experience level.
In 2014, the market was ripe for a change. Taking No Dealing Desk to its next level, we changed our business model. Our new spreads-plus-commission model brought in super-tight spreads and low commissions to give even more transparency to trades.
Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.. Please read FXCM's full risk warning: https://www.fxcm.com/markets/legal/trading-execution-risks/
Location: United States, New York
Employees: 1001-5000
Phone: (646) 253-1401
Founded date: 1999
Investors 2
| Date | Name | Website |
| - | Five Elms ... | fiveelms.c... |
| - | Long Ridge... | long-ridge... |
Mentions in press and media 30
| Date | Title | Description |
| 12.01.2026 | Top Broker Ranking List Released WikiFX Highlights KCM Trade's Growing Influence Across Asia | HONG KONG, Jan. 12, 2026 /PRNewswire/ -- Recently, WikiFX released its latest global forex broker rankings, offering users worldwide an updated perspective on the industry. The list highlights each broker's influence, overall competitivenes... |
| 05.01.2026 | Top Broker Ranking List Released: WikiFX Highlights KCM Trade's Growing Influence Across Asia | HONG KONG, Jan. 5, 2026 /PRNewswire/ -- Recently, WikiFX released its latest global forex broker rankings, offering users worldwide an updated perspective on the industry. The list highlights each broker's influence, overall competitiveness... |
| 13.11.2025 | AU10TIX Announces Next-Gen Identity Verification Platform | Share Share Share Share Email People do almost everything online these days, from paying bills to opening new bank accounts. This amazing convenience comes with a catch, though, and that is, identity fraud. Fraudsters are always lurking in ... |
| 17.10.2025 | B2PRIME Accelerates Institutional Expansion with Strategic Hires from iSAM Securities | Limassol, Cyprus, October 17th, 2025, FinanceWire B2PRIME Group, a global financial services provider for institutional and professional clients, has announced the appointment of James Wale and Aaron Brown as Managing Executives, marking a ... |
| 10.03.2025 | ATFX Connect Expands Institutional Services with Mohammed Khan as Chief Operating Officer | LONDON, March 10, 2025 /PRNewswire/ -- ATFX Connect, the institutional arm of ATFX, is pleased to announce the appointment of Mohammed Khan as Chief Operating Officer. With extensive experience in the institutional brokerage industry, he br... |
| 04.03.2025 | ATFX Appoints Paresh Patel as Global Head of Trading & Risk Management | HONG KONG, March 4, 2025 /PRNewswire/ -- ATFX is pleased to welcome Paresh Patel as its new Global Head of Trading & Risk Management. With over 20 years of industry experience, Paresh brings expertise in trading strategies, risk managem... |
| 16.04.2024 | ATFX Hires Siju Daniel as the Chief Commercial Officer | LONDON, April 16, 2024 /PRNewswire/ -- ATFX is pleased to announce the appointment of Siju Daniel as the Chief Commercial Officer. Siju brings a wealth of experience and expertise in the financial services industry, having spent over 20 yea... |
| 09.12.2022 | What’s Behind Australia’s Inflationary Spike? | Image by Gerd Altmann from Pixabay Inflation is continuing to rampage across the globe, particularly in developed economies such as the US and UK. Even Australia, which typically boasts a strong and robust economy, has fallen victim to this... |
| 22.02.2022 | How Are Russia–Ukraine Tensions Affecting The Economy – And What Can Traders Expect? | Share Tweet Share Share Email After decades of peace, the prospect of war in Europe is back on the news agenda, and with Russia deploying around 150,000 troops on the Ukraine border, the likelihood of conflict is still a very real possibili... |
| 10.08.2021 | FXCM Wins Best Zero Commission Broker* 2021 | HANOI, VIETNAM – Media OutReach – 10 August 2021 – FXCM is proud to be the winner of ADVFN’s Best Zero-Commission Broker award 2021. A zero-commission broker is defined as not to assign a fee to facilitate client-initiated trades. As the Ho... |
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