FXCM, on average has over $ 365 billion in volume traded each month on it's trading platofrms. As a result, they have mantained close banking relationships with some of the largest and aggressive price providers. Multiple price providers are very important in the changing forex markets, and when few banks may post wide spreads, or simply avoid quoting any price at all. FXCM has many major banks quoting them prices, in return there are competitive spreads, even during market-moving news events.

FXCM does not take a market position which eliminates a hugh conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. With their No Dealing Desk execution, however, they fill your orders from the best prices available to them from the banks. While an individual bank 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 banks dealing desk.

Most of their competitors are beginning to follow their lead and offerings, No Dealing Desk execution. Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to execute trades. Their trading platform is tested in all market conditions, routinely handling approximately 300,000 trades per day.

Lower Spreads

• Euro/US dollar spread is frequently 2 pips , British pound/dollar 3 pips
• Trade on rates provided to FXCM by multiple global banks
• FXCM's monthy trading volume of over $365 billion 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
• Price providers (Banks) 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 (read more about Scalping Forex )
• Rollover transparency—all amounts are displayed in advance
• Receive positive rolls at all margin levels