I’m happy to see FXCM doing this, hope more brokers would follow:
New York, March 21, 2011—In response to the devastating earthquake and tsunami that has struck Japan recently, FXCM Inc. (NYSE: FXCM) today has committed support and funding to the relief efforts in Japan. FXCM will contribute $25,000 to humanitarian and relief efforts, and match employee donations for a contribution of $100,000.
“We are deeply saddened by the loss of life and devastation caused by the recent earthquakes in Japan,” said David Sakhai, chief operating officer of FXCM. “FXCM does have offices in Japan that are an extension of the FXCM family and we are grateful that they are unharmed. We do want to extend our heartfelt condolences to the bereaved families and many others impacted by this natural disaster.”
“The tremendous devastation facing the people of Japan is heartbreaking but, at the same time, we are moved by the strength and perseverance shown by the Japanese people,” said Drew Niv, chief executive officer of FXCM. “Through the generosity of our employees throughout the world and funds provided by our firm we will support the immediate need of emergency supplies through the American Red Cross and other reputable charities to help in the recovery efforts.”
FXCM is committed to providing the necessary support and resources to help our partners and employees as they work through the challenges in the days and weeks ahead.
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FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer