Francesc Riverola,
A very interesting move…. In a time of lack of credit lines and operating cash for small/medium size companies, FXCM has decided to act itself as a lender for its IBs.
I am not aware if other firms are already doing this - my apologies if that’s the case - but I found this move extremely smart.
Francesc
Dear Referring Broker:
Smarter competition and stronger regulation has increased the need for capital in order to survive in today’s forex industry. At FXCM, we understand that times are particularly tough and obtaining a loan is not as easy as it used to be. So we’ve taken aggressive steps to resolve this challenge for many referring brokers.
FXCM has teamed up with a reputable third party to construct a rebate advance financing program that enables qualified referring brokers to obtain a line of credit to borrow cash for short term loans. Loans can be customized according to your specific needs and the size of your business. Best of all, the approval process is fast and easy.*It takes risk and, above all, money to expand a business and make it successful—your referral business is no exception. We believe that FXCM is the only forex firm with the financial capability to offer such a wide scale loan program to help you achieve your goals.
If you are interested, please contact your personal Institutional Sales Representative. For general inquiries, please contact Cathy Chang at 1-415-343-4854.
Best regards,
*Restrictions apply and loans are subject to approval.