FXCM Offers Accounts Denominated in USD, EUR, GBP, CHF, JPY, NZD and CAD

Available account denominations: 

• US Dollar (USD) 
• Euro (EUR) 
• British Pound (GBP) 
• Swiss Franc (CHF) 
• Japanese Yen (JPY) 
• New Zealand Dollar (NZD) 
• Canadian Dollar (CAD) 

As a global company, FXCM can offer a service that most forex (FX) brokers simply cannot. Traders decide for themselves which denomination their accounts are denominated in. While most brokers permit deposits in any denomination, trading accounts can usually only be held in the broker's domestic denomination. In general, British brokers offer trading accounts only in British pounds and American brokers only in US dollars.

The denomination you select is the primary denomination in your trading account: Account equity, P/L, margin, rollover, pip value, etc. are all displayed and processed in the account denomination using the FXCM trading platform. FXCM allows you to use your domestic denomination as the account denomination or you can choose the denomination of some other country to simultaneously invest in long-term price increases.

Here is an example:

The Choice Between Different Denominations Has Two Essential Advantages:

Comfort & Savings
At FXCM, European, American, Canadian, Australian and Asian customers do not have to convert their deposits into another denomination to take part in forex trading. Fees for converting money into another denomination and back to your domestic denomination can be expensive, since the exchange rates at banks are often 100 to 200 points above market prices. Opening a trading account in the local denomination means that you do not have to convert into another denomination, which can save hundreds of euros and pounds, or thousands of Japanese yen.

Long-term Increase in Value   
Opening a trading account in USD, EUR, GBP, CHF, JPY, NZD, or even CAD allows traders to take advantage of the long-term increases in value over their own domestic denomination. If you decide to open a trading account in a denomination other than your domestic one, you are in essence carrying out an unleveraged forex trade from which you can profit when you convert the funds back into your domestic denomination, provided the foreign denomination has increased in value.