FXCM’s No Dealing Desk* aims to provide transparent and fair execution. Every trade is executed back to back with one of several financial institutions, 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.
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Lower FXCM Spreads
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.
FXCM No Dealing Desk Forex 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 Rollover transparency-all amounts are displayed in advance Receive positive rolls at all margin levels
The Strength of FXCM
An average of over $250 billion in notional volume is traded each month on trading platforms offered by FXCM. As a result, we have obtained close banking relationships with some of the most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two banks may post wide spreads, or simply avoid quoting any price at all. With so many major banks 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. With our No Dealing Desk Forex execution, however, we fill your orders from the best prices available to us 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. 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, routinely handling over 310,000 trades per day.
Forex Capital Markets LLC is one of the largest Forex Dealer Members
Forex Capital Markets LLC (FXCM) is regulated as a Forex Dealer Member by the National Futures Association. Forex Dealer Members are U.S. registered Futures Commission Merchants that have greater than 35% of revenue from foreign exchange.
Approximately $424 Million In Customer Funds Traded Via Platforms Offer by FXCM
FXCM Holdings LLC includes firms regulated across the world, including Australia, the United States, the United Kingdom, Hong Kong and Dubai. Additionally, FXCM offers its proprietary foreign exchange trading technology to banks and brokers. As of September 30, 2010, there is more than $424 million in customer funds trading on platforms offered by FXCM. Over 174,000 tradable accounts on platforms offered by FXCM from nearly 180 countries with an average of 6,700,000 trades executed each month via trading platforms offered by FXCM; moreover, customer support is provided in over a dozen languages. Registered with the CFTC as a Futures Commission Merchant, FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
FXCM Holdings, LLC: Expanding and Improving
Since inception, FXCM has added over 650 employees in all areas of operation, including customer support, research, technology, and trading. FXCM has been named to the Inc. 500 list of America’s Fastest Growing Private Companies in 2004, 2005, and 2006. In 2006, FXCM launched its “No Dealing Desk” service, which provides lower spreads. FXCM launched many new initiatives in 2007, including the ability to hedge trades**, proprietary trading signals for clients, new currency pairs for trading, and One-click execution. *Please note that effective May 17, 2009, the hedging feature is no longer available to clients of Forex Capital Markets, LLC (FXCM US) in compliance with NFA rule 2-43. Clients of Forex Capital Markets Limited (FXCM UK) and FXCM Australia Limited (FXCM AU) are not affected by this rule. *Please note FXCM Micro in its discretion may or may not offset individual transactions unlike transactions in most FXCM Standard accounts. Additionally, country requirements apply. Not available to residents of the following countries: USA, Canada, Singapore, Germany, Indonesia, China, Japan, Australia, New Zealand