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FXCM
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Overall Score:
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Comment:
24 Hour Online Currency Trading. Very nice system
which is easy to use. Full scorecard coming soon.
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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.
In an over-the-counter market like foreign exchange, not all
participants have equal access to competitive pricing. The
larger and more credit worthy an institution, the better its
access to other market participants and the more competitive
its pricing. The size of the FXCM Group gives us access to
interbank prices that are not available to other market makers
which is reflected in the execution of your trades.
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. According to the financial data posted on the
CFTC website*, FXCM is one of the largest non-bank FCMs that
specialize in the Spot FX Market.
The “No Dealing Desk” execution option is designed for
“scalpers” or active FX traders. The no dealing desk option
provides traders, through direct access to FXCM, to some of
the best bid and ask prices via multiple bank access. 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 option also allows traders to place entry
orders within the spread. FXCM offers traders all the
advantages of a “No Dealing Desk” 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 100,000 units of base currency per one
lot**. There are no restrictions on order sizes; however,
clients trading in sizes of more than $3,000,000 (30 100K
lots) who want the entirety of their orders filled should use
“At Best” price execution. |
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Trading System Review
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