FXCM Balance Sheet as of February 2010

FXCM Holdings LLC has released its latest balance sheet. The numbers reflect FXCM’s financial strength and status as of February

FXCM Holdings LLC has released its latest balance sheet. The numbers reflect FXCM’s financial strength and status as of February 28, 2010.

Highlights include:

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  • $137,870,045 Million in Capital (Assets Minus Liabilities) – an increase of over $20 million since the last update four months ago.
  • $152,167,482 In Operating Cash (Excludes Client Funds) – an increase of about $25 million since the last update.
  • $365,319,721 In Customer Deposits – an increase of almost $45 million (!) since the last update.

FXCM’s figures have managed to surprise me as I figured that the increased competition in the market will take its toll on all brokers, especially the US ones, however it doesn’t seem to be the case with FXCM. It would be interesting to understand whether all US brokers managed to achieve a similar impressive growth.

FXCM believes that financial transparency in the retail forex industry is more important than ever and will continue to publicly post its balance sheet on its Web site quarterly here: http://www.fxcm.co.uk/fxcm-balance-sheet.jsp.

Balance Sheet (Unaudited)

FOR THE MONTH ENDED FEBRUARY 28, 2010

(Amounts in USD)

CUSTOMER CASH $365,319,721

OPERATING CASH $152,167,482

OTHER ASSETS $11,204,504

FIXED ASSETS $10,095,086

TOTAL ASSETS $538,786,793

CUSTOMER DEPOSITS $365,319,721

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OTHER LIABILITIES $35,597,027

TOTAL LIABILITIES $400,916,748

FXCM CAPITAL $137,870,045

TOTAL LIABILITIES AND FXCM CAPITAL $538,786,793

Drew Niv, CEO of FXCM, commented: “FXCM is proud of our continued financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices.”

FXCM Holdings LLC consists of FXCM Australia Ltd., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets Ltd., FXCM Asia Ltd., and FXCM DMCC.

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About FXCM Holdings LLC

Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.

At the heart of FXCM’s client offering is No Dealing Desk* forex trading, Clients have Direct Market Access to some of the world’s largest forex liquidity providers, enabling FXCM to offer clients spread as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product† offers no requite trading and allows traders to trade oil, gold, silver and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.

*Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.

† CFDs are not available to residents of the United States of America and its territories.

Risk Disclaimer: Trading FX and CFDs on margin carries a high level of risk, and may not be suitable for all investors read full disclosure.

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