FXCM Group Press Releases

FXCM Market NDD Premium Upgrade Form

By completing the following form, you are requesting FXCM Markets Limited (“FXCM”) to change your trading account(s) from a Standard Account to a Premium Account.

Standard Account Premium Account
Equity Under $20,000 $20,000 or above
Forex Leverage Up to 400:1 100:1
CFD Leverage
(Indices & Commodities)
200:1 200:1
CFD Leverage 10:1 10:1
Forex Pairs 21 39
CFD Instruments 18 18
Forex Execution Dealing Desk No Dealing Desk
Spreads Low Spreads EUR/USD 1.2 pips* Lower Spreads EUR/USD 1.1 pips*

Figures are subject to change. Please refer to the trading platform for the complete list of tradable forex pairs and CFD instruments.

* Spreads shown here are for reference only. Please refer to the trading platform for up to date spreads.

FXCM reserves the right to transfer a client from No Dealing Desk to Dealing Desk in its absolute discretion.

Please take care when completing this form and ensure that you understand the terms of your request before you click submit. Please feel free to contact client services should you have any questions, comments or concerns regarding your request.

If your account is currently on Dealing Desk execution, please note your account must be flat for at least 24 hours at the time of processing.

Please complete the form below

TERMS AND CONDITIONS:

By submitting this form, I request FXCM to change one or all existing trading accounts associated with the name, email address and account numbers above to a Premium Account(s) (my "Request"), subject to the following terms and conditions (the "Terms"):

  1. I understand that my account must be flat for at least 24 hours and have no open positions (i.e. no live trades, stop orders, limit orders, or entry orders) if my account is on Dealing Desk execution at the time of processing. If my account is not flat, OR there was FX trading within 24 hours, I understand that FXCM may not be able to process my Request.
  2. I understand that submission of this form only constitutes a request and that it does not require FXCM to comply with my Request. I agree that following my submission of this form, FXCM will act in a commercially reasonable manner to review my Request, but that it shall not be bound to act or make any decision within a specified period of time. FXCM may approve or reject my Request in its sole and absolute discretion.
  3. I understand that in order to process my Request, FXCM may, in its sole discretion, create a new Premium Account and transfer the funds from my existing trading account. I understand that I may receive a new account number.
  4. I understand that if I have multiple accounts under the same MyFXCM login, each account must meet the criteria in order to process the Request. I also understand that the Request, if approved, will apply to all trading accounts associated with my MyFXCM login.
  5. I understand that a transfer of my account may result in differences in tradable prices.
  6. I understand changes in account may occur for various reasons including, but not limited to, instances in which the equity in my account(s) falls outside the Equity Range for that account type. I understand the Equity Range is published by FXCM from time to time in its sole discretion
  7. I understand that even if my Request is fulfilled, these Terms do not impact FXCM's rights under the Terms of Business to change margin requirements in its sole discretion at any time without notice to me.
  8. If my Request is approved, I understand that FXCM's Terms of Business, Rate Card and all relevant policies including any relevant fees or charges will continue to govern my accounts and trading activity with FXCM, as amended and supplemented by these Terms.

Thank You

Your information has been received and will be processed shortly.

Figures are subject to change. Please refer to the trading platform for the complete list of tradable forex pairs and CFD instruments.

* Spreads shown here are for reference only. Please refer to the FXCM Trading Station for up to date spreads. FXCM reserves the right to transfer a client from No Dealing Desk to Dealing Desk in its absolute discretion.

Execution Disclaimer: When trading Forex on both FXCM's Dealing Desk and No Dealing Desk (NDD) 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 received from liquidity providers plus a fixed mark-up for each currency pair. 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 execution option.

For more information, see our Execution Risks.

Note: Contractual relationships with liquidity providers are consolidated through the FXCM Group, which, in turn, provides technology and pricing to the group affiliate entities.

Compensation: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to adding a markup to the spreads it receives from its liquidity providers and adding a markup to rollover. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.

Leverage Tiers: Standard Accounts default to dealing desk execution on 400:1 leverage. Premium accounts default to No Dealing Desk execution on 100:1 leverage. Accounts with equity that surpasses 10,000 may be switched to 200:1 leverage. Accounts with equity that surpasses 20,000 may be switched to 100:1 leverage. FXCM may take steps to mitigate its risk arising from market making more effectively by, at our sole discretion and at any time and without previous consent, transferring your underlying account to our NDD execution offering.

Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.