FXCM Asia Now Powered by Rakuten Securities
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Uniquely Positioned to Deliver a New Level of Excellence in Online Forex Trading to Hong Kong Traders
FXCM Asia Limited has issued a press release to inform that:
It will continue to service local forex traders as “FXCM Asia powered by Rakuten Sec”.
FXCM Asia was acquired by Rakuten Securities, Inc. (“Rakuten Sec”) under a definitive agreement signed between Forex Trading, LLC (“FXCM”) and Rakuten Sec on Sep 11, 2015. The acquisition marked Rakuten Sec’s expansion into a new market – Hong Kong, ranked the third largest global financial center^ after New York and London, and an ideal place for Rakuten Sec to tap into further opportunities in China and Asia.
Rakuten Sec is a top five FX broker in Japan, and a subsidiary of Rakuten, Inc. (“Rakuten”) (TOKYO: 4755), one of the world’s largest internet services companies. The company has now assumed full ownership of FXCM Asia. By combining Rakuten Sec’s sizeable, competitive operation with FXCM’s forex innovation, expertise, and renowned client support, FXCM Asia is well positioned to continue leading the Hong Kong FX industry. Pursuant to the agreement, Rakuten Sec will continue to provide the FXCM trading system to clients of FXCM Asia. Forex trading by existing FXCM Asia clients will be unaffected.
“Traders can expect not just better support, but also a better trading environment and, potentially, a broader suite of trading products over the long term.” said Yuji Kusunoki, President of Rakuten Sec. “This is the commitment of FXCM Asia, now stronger, more efficient, and more competitive than ever as a result of operational synergies realized from Rakuten Sec and FXCM joining forces. We have an extremely competitive forex pricing model, market-leading trading technology and a talented team with deep industry expertise. We are uniquely positioned for future growth.”
FXCM Asia is as dedicated as ever to its mission of bringing one of the best online FX trading experiences available to traders in Hong Kong. With FXCM Asia, traders can gain access to raw FX spreads with no markups on a low, fixed commission structure – EUR/USD and USD/JPY as low as 0.2 pips on average†. Traders also have access to No Dealing Desk (NDD) forex execution — a fair and transparent execution model that eliminates the trading conflict between a broker and a trader. FXCM Asia will continue to offer an unparalleled trading experience to traders through the award-winning trading platform* Trading Station. They can choose between three powerful ways to trade: desktop, web, or mobile, using one simple login. In addition, traders will continue to benefit from world-class research and analysis through DailyFX, one of the world’s leading news and information sources for FX.
Source: FXCM Asia – FXCM Asia Now Powered by Rakuten Securities
