FXCM Transparency

It is our mission to provide increasing levels of quality pricing, transparency and execution services so that we can aim to provide you the best trading experience. We are committed to execution quality and transparency.

FXCM’s goal is to provide you with tight spreads to enhance your trading experience and reduce your overall trading costs. We take pride in providing you with tight, executable spreads during peak trading times when it matters to you the most. In Quarter 1 of 2017, in our Standard No Dealing Desk Account type, EUR/USD and AUD/USD each had an average spread of 0.2 and 0.4 pips respectively and a trading cost of  $0.11 and $0.12 during peak hours: 70% of EUR/USD and 63% of AUD/USD volume occurred during peak hours. For the GER30, one of the most widely traded instruments in Europe, we averaged 0.78 during the most active trading hours.

Historical Spreads

FXCM’s goal is to provide you with tight spreads. Most importantly it is to provide you with tight, executable spreads during peak trading times.

  • EUR/USD averages 0.2 pips during peak hours
  • AUD/USD averages 0.4 pips during peak hours
  • USD/JPY averages 0.4 pips during peak hours

See more details on historical spreads and full report.

Execution Speed

Fast trade execution* is critical to any traders success in the forex and CFD marketplace.

Average Execution Speed

00.036

0.036 seconds or 36 milliseconds

Good Till Canceled Market Orders

00.027

0.027 seconds or 27 milliseconds

Dealing Desk FX Accounts

00.015

0.015 seconds or 15 milliseconds

Dealing Desk CFD Accounts

00.025

0.025 seconds or 25 milliseconds

No Dealing Desk FX Accounts

00.040

0.040 seconds or 40 milliseconds

* This is defined as the amount of lapsed time between when the order is received and when the order is executed. This excludes internet latency and post trade booking. Data for May 2017.

Price Improvements

With FXCM forex execution models you can potentially receive price improvements on all orders as all orders fill with FXCM’s best available price.

FXCM Highlights

  • 58.84% of all orders had NO SLIPPAGE.
  • 30.37% of all orders received positive slippage.
  • 10.79% of all orders received negative slippage.
  • 63.77% of all limit and limit entry orders received positive slippage.
  • 39.61% of all stop and stop entry orders received positive slippage.

Click here for  more details on Price Improvements statistics and the full report.

Execution Study

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 – Better Pricing for Retail Clients

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.

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 more details on FXCM’s Execution Study and to download the full report, click here.

FXCM has 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. We wanted 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. This study covers the period from October 1, 2014 to March 31, 2016.