FXCM again in expansion mode, opens South Africa office

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FXCM Inc. (NASDAQ:FXCM), an online provider of foreign exchange (FX) trading, Contract for Difference (CFD) and related services, has announced the opening of its newest office, FXCM South Africa, based in Johannesburg.

New Office Location: 114 West Street, 6th Floor, Katherine & West Building, Sandton 2196, Johannesburg, South Africa

Drew Niv, CEO of FXCM

Drew Niv, CEO of FXCM

Drew Niv, CEO of FXCM, said:

We’re excited to expand FXCM and our retail forex business to South Africa. There is a growing interest for forex trading in the region which gives us the opportunity to introduce our services.

This is the first expansionary move FXCM has made in nearly two years since the Swiss Franc crisis of January 2015. Since then the company’s been focused on selling assets and paying down its loan from Leucadia, which still sits at about $150 million.

FXCM South Africa will provide local residents access to the FXCM Trading Station and MetaTrader 4 trading platforms, alongside English-language resources including: FXCM Webinars, Free Seminars, FXCM Apps, educational material, trading analytics, and much more. With FXCM, traders will have access to Forex, CFDs, and Share CFDs.

Harry Coundouris, CEO of FXCM South Africa, commented:

FXCM prides itself on excellent customer service, and the opening of FXCM South Africa will further that sentiment by offering a unique experience for our clients in the region. Our customer support team will cater to local residents through personal interaction with regional clients, including one-on-one meetings, and exclusive seminars.

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