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Forex

Execution Advantage

FXCM's No Dealing Desk* aims to provide transparent and fair execution. Every trade is executed back to back with one of the world's premier 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 small markup, which is generally one pip or less for major currency pairs.

	Lower Spreads

	• Euro/US dollar spread is frequently 2 pips, British pound/dollar 3 pips • Trade on rates provided to FXCM by multiple global banks • FXCM's monthy trading volume of over $365 billion drives price competition • Fractional pip pricing facilitates the tightening of spreads even further

	No Dealing Desk 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

Why Trade at FXCM

An average of over $365 billion in notional volume is traded each month on trading platforms offered by FXCM. As a result, we have obtained close banking relationships with some of the world's largest and 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 LLC, there are competitive spreads, even during market-moving news events.

With FXCM’s No Dealing Desk execution model, orders are filled from the best available prices to us from 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 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, routinely handling approximately 300,000 trades per day.

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

*	Please note that FXCM Micro and CFD's using discretion may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade the foreign exchange products offered by FXCM Australia Ltd. you should carefully consider your objectives, financial situation, needs and level of experience. FXCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this Web site must not be construed as personal advice. By trading, you could sustain a total loss of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading in foreign exchange products and you should read and consider the Financial Services Guide, Product Disclosure Statement, and Terms of Business issued by FXCM Australia Ltd. before making any decision about whether to trade the foreign exchange products offered by FXCM Australia Ltd. Foreign exchange products are only suitable for those customers who fully understand the market risk. For any questions or to obtain a copy of any documents, contact FXCM Australia Ltd. at support@fxcm.com.au. FXCM recommends you seek advice from a separate financial advisor.

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