FXCM explains its execution model, Dealing Desk gone

Following my request for more information about FXCM�s execution model, Jacklyn Sales from was kind enough to write the following detailed explanation.

Many of us heard conflicting reports and stories about FXCM�s Dealing or Non Dealing desk due to some bias and much ignorance. It became time for FXCM to set the record straight and we learned officially what their model is:
Clarifications on FXCM�s Execution Models:
FXCM uses No Dealing Desk execution for our Standard accounts as well as other account types, such as Mini and Active Trader, which constitutes 90% of our trading volume. Every �No Dealing Desk� 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 traders with a small markup, which is generally one pip or less for major currency pa…

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