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FXCM Enhanced Execution - Trade Better!

  • Superior Technology
  • Enhanced Execution
  • Global Broker with Size & Strength
Real Execution Stats for Real Traders

It is our mission to provide increasing levels of quality pricing, transparency and execution services so that we can provide you with the best trading experience. We are committed to execution quality and transparency. That's why we provide execution statistics to provide that transparency our traders want.

Price Improvement

Over 87% of orders have zero or positive slippage.

Trading Station

FXCM 2020 Highlights

  • 59.56% of all orders had NO SLIPPAGE.
  • 28.05% of all orders received positive slippage.
  • 12.39% of all orders received negative slippage.
  • 72.67% of all limit and limit entry orders received positive slippage.
  • 44.17% of all stop and stop entry orders received negative slippage.

See details on Price Improvement Statistics: 2020

Effective Spreads

Better Spreads, Trade Better!

Over 87%2 of all orders receive positive slippage or zero slippage, this means those trades were executed at the rate client clicked on or better with FXCM. This effectively lowers your spread at execution. Possibly get executed at prices better than displayed spreads.

The effective spread is a better measure of trading costs because it captures Price Improvements. Know your trading costs and ask your broker about their effective spreads.

View our historical chart to see the difference between the displayed spread and effective spreads.

Note: Rollover occurs at 17:00 ET every day. Spreads can widen specifically during this time.

1

As per the October 2020 Slippage Statistics Report

Execution Speed – Get filled, fast!

Fast trade execution3 is critical to any traders success in the forex and CFD marketplace. FXCM provides speed in addition to price and access to liquidity.

Average Execution Speed
0.028 0.028 seconds or 28 milliseconds
Good Till Canceled Market Orders
0.029 0.029 seconds or 29 milliseconds
2

This defines the amount of time we receive the order until execution. This excludes internet latency and post trade booking.

Historical Active Trader Spreads1

Are you a large volume trader looking for tighter spreads? FXCM provides high volume active traders with tight, executable spreads during peak trading times. View our historical chart for active trader spreads.

  • EUR/USD averages 0.1 pips during peak hours
  • AUD/USD averages 0.2 pips during peak hours
  • USD/JPY averages 0.1 pips during peak hours

See more details in our full report.

Are you an Active Trader? Learn More

Execution Study - Better Pricing for Retail Clients

FXCM completed a study that examined the quality of execution for FXCM LTD client orders versus the three largest FX trading venues globally, venues widely considered to represent the benchmark for reliable FX pricing. The goal of this study is to explain why FXCM's pricing is better for retail clients. The results of this study show FXCM LTD retail client order prices to be better than the Futures Market and Interbank Market prices for FX.

Study Conclusions

81.34

FXCM LTD was equal to or better than the quoted futures price 81.34% of the time compared to the spot equivalent quoted futures prices on the CME leading to potential savings of $42,529,156 for FXCM LTD clients.

94.84

FXCM LTD was equal to or better than the quoted Interbank market price 94.84% of the time compared to the spot equivalent quoted Interbank market price leading to potential savings of $114,588,455 for FXCM LTD clients.

For a full presentation of the study and an in-depth FAQ, see the links below:

QUALITY OF EXECUTION

FXCM is committed to continuously obtaining the best possible outcome for client orders. It is essential for us to enable our clients and the public to evaluate the quality of FXCM's execution practises and to identify the top five execution venues where client orders are executed in terms of trading volumes.

We monitor the effectiveness of our order execution arrangements and regularly assess whether our available execution venues continue to provide the best possible results for client orders. Please be advised that FXCM is the counterparty to all client orders and accounts for approximately 60% of the total execution volume. The Top 5 Execution Venues lists provide a breakdown of instances where FXCM has utilised third party execution venues to fill client orders. Please refer to our Execution Policy and the Best Execution Publications below for further details.

FXCM Quality of Execution Publication

As of April 2018 FXCM will publish Quality of Execution Reports on a quarterly basis that includes details about how your orders have been handled and where they were executed. While FXCM is the counterparty to all of your trades, we publish annual information relating to the top five execution venues that we relied upon when executing your orders. See historical reports.

Quarterly Execution Data

On a quarterly basis FXCM publishes execution data. See reports

Disclosure
3

Historical Spreads: The information provided is historical in nature and does not imply that FXCM maintains a particular capacity or performance level. Past results are not indicative of future performance. The price at which an order is executed does not negate the high level of risk involved with forex trading. Trading could result in losses regardless of the pricing quality of opening or closing transactions.

FXCM uses Jefferies Financial Services Inc (JFSI) as a prime broker for FX trading. FXCM pays JFSI a prime broker fee for the prime broker services. Leucadia Investments has become the majority economic owner of FXCM. Leucadia Investments and JFSI are both part of Jefferies Financial Group.

The study does not in any way attempt to represent that FXCM maintains a particular capacity or performance level. The figures in this study are provided for information purposes only, and are not intended for trading purposes or advice. FXCM is not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Past results are not indicative of future performance.

Material Assumptions
FXCM's Retail Clients are defined as individual, joint, and corporate accounts trading on our retail price stream.

The comparison to each of the Futures and Interbank data is made at the time that the FXCM client order is executed. Normal market slippage and slippage due to rejections by liquidity providers are already included by the time the FXCM client order is executed. However, there is an assumption that there is no slippage on the Futures or Interbank market data.

In order to maintain consistency, Futures Market data and Interbank data used the same acceptable ranges in market trades. The summary of findings is based on the assumption that the maximum acceptable difference between the FXCM price and the Interbank/Futures market price is 5 pips in either direction.

Fees that a participant would pay on the Futures or Interbank market, such as CME Exchange Fees, FCM Fees, Clearing Fees, and other commissions, were excluded from the study. Similarly, FXCM Commissions are excluded from the study.