Forex Trading Benefits

Advantages of Trading with FXCM

Forex Execution Center

FXCM's No Dealing Desk Forex Execution aims to provide transparent and fair execution. Every trade is executed back to back with one of multiple liquidity providers,§ which compete to provide FXCM with bid and ask prices. The best spreads available to FXCM are streamed to you with a small markup, which is generally one pip for major currency pairs.

Lower Spreads

• Euro/U.S. dollar spread is frequently 2.6 pips, British pound/dollar 3 pips
• Trade on rates provided to FXCM by multiple liquidity providers
• FXCM's average monthly trading volume drives price competition
• Fractional pip pricing facilitates the tightening of spreads even further

No Dealing Desk Execution

• No conflict of interest between broker and trader
• No dealer intervention in trades
• Liquidity providers do not see your stops, limits, and entry orders
• Competition reduces the potential for market manipulation by price providers

No Trading Restrictions*

• Trade during breaking news
• Place entry orders anywhere—even inside the spread
• Scalp the market
• Rollover transparency—all amounts are displayed in advance
• Receive positive rolls at all margin levels

Facts about FXCM, Inc. (“FXCM”)

Due to the average notional trading volume that FXCM generates, FXCM has obtained close relationships with some of the most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two liquidity providers may post wide spreads, or simply avoid quoting any price at all. With multiple liquidity providers quoting prices to FXCM, there are competitive spreads, even during market-moving news events.
FXCM does not take a market position—eliminating a major conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. However, with our No Dealing Desk Forex execution, we fill your orders from the best prices available to us from the liquidity providers. These prices include our mark-up, which may vary based on account type and liquidity provider. While an individual liquidity provider may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At FXCM, prices are not subject to manipulation by a broker or a liquidity providers dealing desk.
While our competitors are beginning to follow our example of offering No Dealing Desk Forex execution, we have successfully implemented it. Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to execute trades. Our trading platform is tested in all market conditions.
FXCM aims to provide clients with the best pricing available and to get all orders filled at the requested rate. However, there are times when, due to an increase in volatility or volume, orders may be subject to slippage. Read more