FXCM Announcements

All times listed are in GMT.

Forex trading hours remain unchanged, opening on Sunday between 21:00 and 21:15 GMT and closing on Friday at 20:55 GMT.

For the holiday schedule for rollover interest (AKA swaps) visit the DailyFX Rollover Calendar.

Just a reminder for all CFD traders of our holiday hours on Friday which are detailed in my post above (forex hours remain as normal)

I will be out of the office for the July 4th holiday here in the US and will respond to all posts and private messages after I return on Monday, July 7th. For immediate assistance, please call us toll-free anytime 24 hours a day.

Just a heads up: due to the UK bank holiday on [B]Monday, August 25th trading in UK100 will be closed[/B] that day and resume normal trading the following day. Trading hours for other CFDs and forex remain unchanged.

Does FXCM have plans to offer equities to American clients through their TS platform @ some point in the future?

Hi Jake, while there are no such plans at this time, I’ll let you know should that change.

Below are the CFD trading hours for holidays in September. All times below are in GMT.

Forex trading hours continue as normal. For the holiday rollover interest schedule, please visit the DailyFX Rollover Calendar.

Hi,

I’ve got already 2 emails about new FXCM spreads from 7 Nov:

Instr
Old
New
Commision/1K
Saving


EUR/USD
2.5
0.2
0.03 euro
58%


USD/JPY
2.3
0.3
0.03 euro
50%


EUR/CHF
2.8
0.6
0.04 euro
43%


EUR/JPY
3.0
0.7
0.04 euro
39%

I imagine everybody got these emails right ? Can someone explain ? Trading with 0.2 spread total on EUR/USD ???
Is this similar with ActiveTrader account ?
Thanks.

Hi Mihk,

We will soon be emailing all our clients this news, but you are one of the first to receive these emails. :slight_smile:

FXCM will be enhancing our NDD model to show you the actual raw spreads we receive from our liquidity providers without any markups. Instead of markups, you will pay the transparent low commissions detailed in the emails we sent you. So yes, this new model is similar to Active Trader, but now with even lower transaction costs.

For example, suppose you trade 1k (AKA 1 micro lot) EUR/USD when the spread is 0.2 pips. You would pay EUR 1.5 cents (USD 2 cents) in spread cost plus EUR 6 cents in commission round turn (EUR 3 cents when opening the trade, and EUR 3 cents when closing it). That’s a total round turn transaction cost of EUR 7.5 cents or about 1 pip.

FXCM’s new pricing model will allow traders to easily scalp the market, while providing increased execution benefits to stop and limit orders.

Attention to FXCM US Clients

FXCM US platforms will now display raw spreads and mark-ups previously included in the spread will be separately displayed as a commission*. These Super Tight Raw FX Spreads will be ideal for scalping while providing increased execution benefits to stop and limit orders.


Click here to view our live spreads.

As part of this introduction, we have also reduced client trading costs. We believe that this pricing model reflects FXCM’s core business principals, offering direct access to quotes from multiple liquidity providers with no mark-up and transparent low commissions.


1 Listed spreads and commissions will not apply to some customer accounts due to their relationship with certain intermediaries.

*In some instances, accounts for clients of certain intermediaries are subject to a markup.

That’s good news, Jason!

Here’s an article just out today from [I]Forex Magnates[/I] which adds more detail to the FXCM announcement:

Breaking: FXCM Introduces Raw Spreads for US Clients, Adopts An Agency Pricing ModelForex Magnates

Thanks for the news Jason.

I’m really liking this new commission and tighter spreads. I plan on reopening an account with FXCM.

Hi THZ,

I’m glad to hear you like our new pricing. :slight_smile:

Please let me know if you have any questions regarding the setup of your new account.

Christmas in SEPTEMBER!
I’ve been wanting to get back into scalping, and you just gave me a reason to!

Super excited for this.

Scalping season, you know it…

Best

O yes- been very active EURUSD scalping this week. With the new pricing model, I’ll be looking to seriously take advantage of that.

Coincidently this week I had lots of free time=chart time to scalp too. oooh the euphoric kick is worth more than the money.

Best

An update for all existing FXCM US clients

You should have received an email by now confirming that your account(s) will be upgraded to raw FX spreads* after trading closes this Friday, October 3rd at 5pm New York time. That means you will see this new pricing when the trading desk opens for the new week at 5pm New York time on Sunday, October 5th. Please let me know if you have any questions.


*In some instances, accounts for clients of certain intermediaries are subject to a markup.

How about FXCM UK clients?
My Active Trader spread there is higher than the “ordinary” US spread now… :slight_smile:

Hi Vaneto,

I will post more updates in this thread as I receive details about when this new pricing will become available to our clients in other regions. For now, I would advise you to speak with your Active Trader rep for more details about your account.

You can no longer make accounts at FXCM UK with $50 balance? I know FXCM had accounts with $50 minimum balance but now the minimum balance for standard accounts is $2 000 and no micro accounts.