E*TRADE Financial Corporation (NASDAQ: ETFC) and FXCM Inc., (NYSE: FXCM)
announced today that E*TRADE FFX, LLC ("E*TRADE FX") will now offer
customers access to global currency markets, research and education
through FXCM1, on the newly launched E*TRADE FX platform.
E*TRADE FX customers will be able to trade seamlessly on the E*TRADE FX
no-fee platform, which includes:
- Advanced Charting: customizable technical studies, analytics
and indicators
- Quick Transfer: easily move funds between E*TRADE brokerage or
bank accounts and forex accounts2
- News & Analysis: access to international financial news and
a comprehensive economic calendar
- 56 Currency Pairs: choose from a variety of major and minor
pairs
- Leverage3: up to 50:1 leverage for
major pairs and 20:1 for minors
- Forex Trading Specialists: access to experienced forex
professionals
- No Commissions4: competitive spreads
and fair execution
- Free Trading Education: live in-person, on-line, and on-demand
trading education
- Extended Trading Day: 24 hours-a-day, 5 days-a-week
- Practice Account: practice trading forex risk free with live
data
"Forex trading offers investors and traders the opportunity to broaden
and diversify their portfolios through access to a highly liquid global
market," said Christopher Larkin, head of Retail Trading and Client
Services. "By offering industry-leading forex technology and educational
resources we are providing investors at all levels with the ability to
act on their opinions on global currencies and to incorporate ‘cash' as
an asset class into their portfolios in a new way."
"FXCM is an industry leader in FX technology and providing educational
services. It was a natural fit for FXCM to provide these services to
E*TRADE and its customer base," said Drew Niv, CEO of FXCM. "We believe
this is another step for the retail FX industry in becoming more
mainstream and well-known, especially in the U.S."
To find out more information on the E*TRADE FX offering please visit: www.etrade.com/forex.
1Foreign exchange products are introduced by E*TRADE FFX, LLC
("E*TRADE FX").