Welcome to the forum and to forex trading.
I want you to know we continue to stand by the quality of our trade execution in general and our No Dealing Desk (NDD) forex pricing in particular. The results of our recent execution study explain why.
FXCM recently completed a study that examined the quality of execution for FXCM LTD client orders on No Dealing Desk (NDD) forex execution versus the three largest FX trading venues globally, venues widely considered to represent the benchmark for reliable FX pricing. The results of this study show FXCM LTD retail client order prices to be better than the Futures Market and Interbank Market prices for FX (1).
FXCM LTD was equal to or better than the quoted futures price [B]81.34%[/B] of the time compared to the spot equivalent quoted futures prices on the CME leading to potential savings of [B]$42,529,156[/B] for FXCM LTD clients.
FXCM LTD was equal to or better than the quoted interbank market price 94.83% of the time compared to the spot equivalent quoted interbank market price leading to potential savings of $114,588,455 for FXCM LTD clients.
You can find further details in the full presentation of the study and the in-depth FAQ.
We’re proud to service over 129,000 active accounts as of our latest metrics release from April 2017, and our clients will continue to receive the same level quality of execution, products, and customer support they have come to expect over the years.
I The study does not in away way attempt to represent that FXCM maintains a particular capacity or performance level. The figures in this study are provided for information purposes only, and are not intended for trading purposes or advice. FXCM is not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Past results are not indicative of future performance.
FXCM’s Retail Clients are defined as individual, joint, and corporate accounts trading on our retail price stream.
The comparison to each of the Futures and Interbank data is made at the time that the FXCM client order is executed. Normal market slippage and slippage due to rejections by liquidity providers are already included by the time the FXCM client order is executed. However, there is an assumption that there is no slippage on the Futures or Interbank market data.
In order to maintain consistency, Futures Market data and Interbank data used the same acceptable ranges in market trades. The summary of findings is based on the assumption that the maximum acceptable difference between the FXCM price and the Interbank/Futures market price is 5 pips in either direction.
Fees that a participant would pay on the Futures or Interbank market, such as CME Exchange Fees, FCM Fees, Clearing Fees, and other commissions, were excluded from the study. Similarly, FXCM Commissions are excluded from the study.[/I]