FXCM receives prices that are quoted in fractional pips, which can mean more precise quotes and lower transaction costs.
FXCM receives prices that are quoted in fractional pips. Fractional pip pricing includes an extra decimal place in the quote, which means the quotes are more precise. For example, the GBP/USD is typically quoted to the fourth decimal place. With fractional pip pricing, the GBP/USD is quoted to the fifth decimal place. With FXCM's fractional pip pricing, a price change from 1.58634 to 1.58645 would be 1.1 pips. The more precise quotes allow FXCM to provide you with the best available pricing to it. And for traders, the more precise pricing can mean lower transaction costs.