The FXCM Trading Station is a world-class online foreign exchange trading station designed to provide clients with comprehensive market information and a high level of execution.
FXCM feeds real-time streaming prices into the FXCM Trading Station. These prices update dynamically tick by tick with the slightest market move. They are not simply indications of where the market is trading but actual executable prices where traders can buy or sell the currency pair.
In an over-the counter market like foreign exchange, not all participants have equal access to competitive pricing. The larger and more creditworthy an institution is, the better its access to other market participants and the more competitive it’s pricing.
The “No Dealing Desk” Forex execution option is designed for all types of traders. FXCM’s No Dealing Desk Forex Execution aims to provide transparent and fair execution. Every Forex trade on No Dealing Desk is executed back to back with one of multiple liquidity providers, (which include global banks, financial institutions, prime brokers and other market makers) 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 for major currency pairs. There is no dealer confirmation. This means that during key news and economic events there are no restrictions on order placement. The no dealing desk forex execution option also allows traders to place entry orders within the spread. FXCM offers traders all the advantages of a “No Dealing Desk” forex execution option with the added benefit of the ability to place orders over the phone 24 hours a day.
On the FXCM trading platform, all trades are executed in standard sizes of 10,000 units of base currency per one lot*. FXCM Trading Station allows for order sizes up to 50 million per trade; however, clients trading in sizes of more than $3,000,000 (300 10K lots) who want the entirety of their orders filled should use “At Best” price execution.
Here are some examples:
- U.S. Dollar/Japanese Yen (10,000 U.S. Dollars)
- Euro/U.S. Dollar (10,000 Euros)
- Euro/Great Britain Pound (10,000 Euros)
- Euro/Japanese Yen (100,000 Euros)