FXCM and Halifax Announce White Label Partnership

Offering FX and CFD Trading to New Zealand Residents

New York, New York, UNITED STATES


NEW YORK and AUCKLAND, New Zealand, March 30, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) ("FXCM"), a leading online provider of foreign exchange (FX) trading and related services, today with Halifax New Zealand, a Stock and Derivatives Broker, announced that they have entered into a white label partnership to offer retail FX and CFD trading to customers throughout New Zealand.

Halifax New Zealand, is a licensed “Issuer” with the New Zealand Financial Markets Authority and under the new partnership, Halifax New Zealand will enable its clients to access the FXCM Trading Station or MetaTrader 4 trading platforms and services. Halifax New Zealand clients will now benefit from FXCM’s distinctive No Dealing Desk Forex and Enhanced CFD execution models while trading with a locally regulated broker. 

FXCM will be transferring its existing clients in New Zealand to Halifax in the coming months, and will notify clients of this transition ahead of the transfer.    

To learn more about the new partnership and to open a demo or live account, clients can contact Halifax New Zealand at info@halifaxonline.co.nz or call +64 9 309 0088

About FXCM Inc.

FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (forex) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.

Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

Visit www.forextrading.com.au and follow us on Twitter @FXCMAustralia, Facebook FXCM Australia, Google+ FXCM or YouTube FXCM.  

Disclaimer: Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer. Before trading FX/CFDs you should be aware of all the risks associated with trading FXCM AU's products and read and consider the Financial Services GuideProduct Disclosure Statement and Terms of Business issued by FXCM AU, none of which have been updated to reflect the content of the above announcement. FXCM AU is regulated by ASIC [AFSL#309763].

Execution: FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex on FXCM's dealing desk and No Dealing Desk (NDD) execution models. With NDD, FXCM's platforms display the best-available direct bid and ask prices from the liquidity providers. In some circumstances, FXCM may add a markup to NDD spreads, based on account type. In addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. With dealing desk execution, FXCM can act as the dealer on any or all currency pairs. Backup liquidity providers fill in when FXCM does not act as the dealer. FXCM's dealing desk has fewer liquidity providers than NDD. There are many other factors to consider when choosing an execution model (such as conflict of interest, trading style or strategy). See Execution Risks. Note: Contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC, which, in turn, provides technology and pricing to the group affiliate entities. See Execution Risks.

Mini Accounts: Mini accounts offer 22 CFD instruments and up to 19 currency pairs (GBP/AUD is only available on AUD denominated accounts). Mini accounts default to dealing desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Mini accounts with equity less than 10,000 CCY have 400:1 forex leverage; between 10,000 and 20,000, have 200:1; more than 20,000, have 100:1 leverage and No Dealing Desk execution. See Execution Risks

About Halifax New Zealand

Halifax New Zealand is a Stock and Derivatives Broker with offices in Auckland and Wellington, New Zealand.  Halifax New Zealand Limited is registered as a Financial Service Provider and regulated by the Financial Markets Authority of New Zealand (FSP146605)

Halifax New Zealand offers trading and broking services for Australian and International Stocks, Futures, Foreign Exchange, CFDs, Options and Bonds.   From novice traders to veteran investors Halifax provides a range of trading and broking services to suit any investor.    More information is available at www.halifaxonline.co.nz


        

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