Financial Square 32 Old Slip, 10th Floor New York, NY 10005 USA
Regulation
FXCM is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA)., The companies that make up FXCM Holdings LLC are also regulated in other jurisdictions: ASIC, SFC Hong Kong, FSA UK
Demo Account
Yes (
)
Range of Markets
Spot Forex
Platform
FX Trading Station, MetaTrader, Active Trader
Special Features
Trade directly from the charts; one-click trading, Access to DailyFX Plus Trading Signals
FXCM's No Dealing Desk* aims to provide transparent and fair execution. Every trade is executed back to back with one of the world's premier banks or 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 or less for major currency pairs.
FXCM's trading volume, $500 billion worth of transactions monthly, may be among the largest sources of retail currency trades in the world. As a result, we have obtained close banking relationships with eight of the world's largest and 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 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 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 about 200,000 trades per day.
While FXCM aims to provide clients with the best pricing available, having all orders filled at a requested rate means execution risks will remain.
DailyFX plus Trading Signals for FXCM Clients only
*3rd Party Promotional Banner Advertisements Disclaimer: The views and opinions represented in the provided website banners, links, news feeds, articles, and resources are not controlled by the Referring Broker or the FCM. Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
