hi folks,
i ve received an interesting e mail from fxcm
it seems that fxcm try to outsource their retail clients to
man fx canada.
i ve received an interesting e mail from fxcm
QuoteDislikedDear Trader,
At FXCM, we believe that our customers deserve the best- in service and support and in funds security.
After interviewing and analyzing several institutions, government agencies and regulatory authorities around the world, we have concluded that the very best – and most convenient – protection is offered by the Canadian Investor Protection Fund (CIPF). In our opinion, it is the only entity that provides ironclad security for retail forex accounts.
Therefore, we have decided on a joint venture with Man Financial Canada. By opening your FXCM trading account with Man, your account funds are completely insured by the CIPF up to one million Canadian dollars (approximately $905,633 USD).
Of course, a few questions will come up:
Why Man Financial Canada?
To qualify for full CIPF protection, your funds must be held with a Canadian firm. Man’s reputation as a leader in brokerage and asset management services has been well-established in its 200-year history. With over $48 billion in client funds under management, the integrity of Man Group and its affiliates make it ideal for our customers.
Do I have to be a Canadian citizen or resident to be eligible for this protection?
No. The CIPF protection applies to all accountholders whose funds are held with Man Financial Canada, regardless of citizenship or country of residence.
By signing with Man Financial, what changes will there be in my FXCM account?
None. Except for the name on the paperwork, there is no change at all. All your FXCM products and services will stay exactly the same.
Will the execution that I receive change?
No. As usual, you will continue to trade on live, executable quotes with tight, fixed spreads during all normal market conditions.
Do I have to fill out a lot of extra paperwork?
No. Simply complete a two-page application for Man Financial – it usually takes less than five minutes.
Are there any fees for this account protection?
No. Your funds are protected at no additional cost when held with Man Financial Canada.
With this offering, FXCM elevates the industry standard, rising into an elite category of foreign exchange firms that offer clients greater safety of funds.
To sign up for the CIPF funds protection, please , or call us anytime –
We look forward to serving you.
Sincerely,
FXCM Client Services
Forex Capital Markets, LLC
Financial Square
32 Old Slip
it seems that fxcm try to outsource their retail clients to
man fx canada.
