Forex Capital Markets, better known as FXCM, is an online Foreign exchange market broker based in the United States. The company provides services through its own online trading platforms and through third party platforms such as MetaTrader 4. FXCM allows retail and institutional clients to speculate on global foreign exchange markets in what is known as "margin forex trading". Outside the US, FXCM also provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. THE COMPANIES THAT MAKE UP FXCM ARE REGULATED IN SEVERAL JURISDICTIONS: FXCM LLC is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). As a vocal advocate of foreign exchange regulation and increased investor protection, FXCM LLC is proud to be one of the first foreign exchange firms to register as an FCM following the passage of the Commodity Modernization Act in December 2000. There are three main benefits for FXCM LLC clients and potential clients: FINANCIAL STANDARDS AND OVERSIGHT FCMs are required to meet strict financial standards, including capital adequacy requirements. On a regular basis, FCMs are required to submit financial reports to regulators. These standards are enforced by the NFA, which has the right to fine firms and/or terminate an FCM's regulatory status for violations. GREATER TRANSPARENCY OF BUSINESS PRACTICES The National Futures Association keeps records of all formal proceedings against Futures Commission Merchants. With a couple clicks of the mouse, a trader can find out if the firm has had serious problems with clients or regulators. Information can be found online at: http://www.nfa.futures.org/basicnet/ View the profitability numbers for clients of Forex Capital Markets, LLC A FRAMEWORK FOR DISPUTE RESOLUTION The U.S. regulatory framework is widely regarded as one of the best in the world for investor protection. If a dispute with an FCM arises, investors can turn to the NFA or the CFTC.