FXCM's No Dealing Desk Forex Execution aims to provide transparent and fair execution. Every trade is executed back to back through an affiliate with one of multiple 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 markup, which is how FXCM is compensated.

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Forex Execution Benefits

Lower Spreads

  • Euro/U.S. dollar spread is frequently 2.6 pips, British pound/dollar 3 pips
  • Trade on rates provided to FXCM by multiple global banks
  • FXCM's average monthly trading volume price competition
  • Fractional pip pricing facilitates the tightening of spreads even further

No Dealing Desk Forex Execution

  • No conflict of interest between broker and trader
  • No dealer intervention in trades
  • Price providers (banks) do not see your stops, limits, and entry orders
  • Competition reduces the potential for market manipulation by price providers

No Trading Restrictions*

  • Trade during breaking news
  • Place entry orders anywhere—even inside the spread
  • Scalp the market
  • Rollover transparency—all amounts are displayed in advance
  • Receive positive rolls at all margin levels
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Facts about FXCM, Inc.

Due to the average notional trading volume that FXCM generates; FXCM has obtained close banking relationships with some of the 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. However, with our No Dealing Desk Forex Execution, 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 Forex 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.

While FXCM aims to provide clients with the best pricing available, having all orders filled at a requested rate means execution risks will remain. Read more

View Features & Capabilities

* FXCM Trading Station allows for order sizes up to 50 million per trade. Traders have the ability to trade incremental sizes (multiple orders of 50 million for the same pair).

† 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. 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.

No Dealing Desk Forex Execution Benefits
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