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  • Opinions - Not Facts

    This blog consists of contributions from FXCM staff, executives and people that have a relationship with FXCM. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FXCM policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FXCM policy, please contact FXCM through the firm's official website, www.fxcm.com.

    • « EUR/USD - Picking a Top Update | Home | DailyFX Forex Radio: Dollar Posts Strongest Gain in Six Months, New Zealand’s Kiwi to Continue Post-RBNZ Drop »

    New!! Canadian Dollar Denominated Forex Accounts

    By Marc Prosser | July 25, 2007

    Currency traders will shortly be able to open an account with FXCM denominated in Canadian dollars.The appeal for Canadians of such an option is obvious.Why keep their funds in a currency which they will have to eventually change into their home currency? However, there is a  reason to consider a Canadian dollar denominated account even if you are not from

    Canada.If you have a multi-year view that the Canadian dollar (or the Britsh pound, euro, or Japanese yen)  is going to appreciate versus your home currency, you might want to keep your account equity in that currency.In effect, you are making an non-leveraged trade with your account equity by opening an account denominated in a particular currency.To find out more about opening non-USD denominated forex accounts with FXCM, please visit http://www.fxcm.com/EUR-GBP-accounts.jsp


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    Topics: Mr.FXCM |

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