Forex Capital Markets -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.
FXCM’s trading volume, $350 billion worth of transactions monthly, may be the largest single source of retail currency trades in the world. As a result, FXCM have obtained close banking relationships with eight 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, 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. With FXCM No Dealing Desk execution, FXCM fill your orders from the best prices available 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 bank’s dealing desk.
While competitors are beginning to follow FXCM example of offering No Dealing Desk execution, FXCM 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 about 200,000 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.
Availability of FXCM CFD accounts, derivatives trading facilities, futures, traded options should be checked at site together with current status of stock broking and share dealing services, private banking or wealth management, check at the FXCM website or FXCM by phone.
These details could be out of date and FXCM services may change. Information about FXCM should be verified at the FXCM website.
Visit the FXCM website at Forex Capital Markets - FXCM.
Trading derivatives such as CFD's, Forex, Futures, Options or Spreadbetting carries a high level of risk not be suitable for all investors. Losses can exceed initial outlay and traders should test systems, training and knowledge in a demo account with dummy cash.