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Screenshot of a breaking news alert e-mail from Q2 2017
FXCM Markets, the FXCM Inc (NYSE:FXCM) unregulated entity introduced in April 2013 has entered the mirco account threshold by newly lowering the minimum account requirement to only $50. The unregulated entity of FXCM has favorable trading conditions to those outside of the global firm’s traditional regulated global office centers.
One of the attractive features of accounts falling under this entity is the 5% interest rate per annul on all balances up to $50,000. Those with such balances can thus earn up to an extra $2,500 per year which FXCM pays out monthly. The company states your funds are held in New York at Bank of America, one of the largest and most highly regulated banks in the United States.
Again to be noted, FXCM Markets which offers these features is a part of FXCM Inc., the global financial services firm listed on the New York Stock Exchange (NYSE: FXCM) but is the unregulated arm of the global brokerage. Another feature which sets this entity apart from other FXCM regulated jurisdictions is access of up to 400:1 leverage. Moreover, account holders can choose between STP or dealing desk conditions depending on the spread and commission environment they are comfortable with.
For more information on FXCM Markets click here.