Forex Pricing Tiers
FXCM has execution and pricing options to suit all types of traders. Depending on your trading needs, you can choose:
- No Dealing Desk: FXCM recommends No Dealing Desk execution to our clients because it provides our best all-around trading experience.
- Active Trader: FXCM's Active Trader spreads are some of the lowest, most competitive spreads in the industry. Active Trader accounts are designed for individuals and institutions that trade more than 10 million notional per month or deposit more than $25,000.
To see spreads for FXCM’s 58 currency pairs, register for a demo account below. Learn more about forex spreads at FXCM.
|Currency Pair||No Dealing Desk||Active Trader|
|Practice Account||Free Demo||Free Demo|
|Preview||Learn More||Learn More|
When trading Forex on both FXCM's dealing desk and no dealing desk execution models, FXCM is the final counterparty to these transactions. In both execution models FXCM aggregates the bid and ask prices from a pool of liquidity providers. The quotes that are displayed on FXCM's platforms are the best available bid and ask quotes after FXCM's mark-up has been applied. FXCM's mark-up may vary by liquidity provider and account type. Many factors are taken into account when a mark-up is decided including but not limited to a liquidity provider's quote rejection rates, network performance (e.g., latency), depth of liquidity, and overall quality of execution. Please note that FXCM may receive payment for order flow from its liquidity providers. On the Dealing Desk execution model FXCM can act as the dealer on some or all currency pairs. There are also back up liquidity providers that fill in whenever FXCM does not act as the dealer. Please note that FXCM's Dealing Desk employs fewer liquidity providers than the No Dealing Desk (NDD) execution option.
FXCM does not guarantee that quotes, prices, or spreads will always be better on one form of execution as compared to the other. Customers should consider many factors when deciding which execution type best suits their needs (e.g., trading style or strategy). For more information, see our Execution Risks. Please note that contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC. Forex Capital Markets, LLC maintains agreements with multiple price providers and in turn provides technology and pricing to the group affiliate entities.
Advertised Spreads: FXCM spreads are variable. The spreads listed here were derived from the time-weighted average of the spreads from to . Advertised spreads may not be applicable to client accounts of referring brokers. FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed here. For additional information, click here.
Compensation: When executing customers trades, FXCM can be compensated in several ways, which include, but are not limited to: adding a mark-up to the spreads it receives from its liquidity providers, receiving compensation for order flow, and charging commission to accounts that trade with FXCM's lowest spreads which are available to qualifying accounts. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.