Welcome back! And just in time for the pick-up in market volatility which could make 2018 a very interesting year for the markets.
To catch you up, we simplified our account offerings. Traders now simply open an account which automatically has our enhanced execution. This means there is no minimum stop/limit restrictions, no trading restrictions on FX and CFD’s (most indices), no re-quotes, and over 89% of orders had zero or positive slippage as of our most recent execution report.
And regarding execution speed, the latest report from October 2017 (also found at the previous link) showed average execution speed of 0.033 seconds or 33 milliseconds. This is defined as the amount of lapsed time between when the order is received and when the order is executed. This excludes internet latency and post trade booking.
When you open the account, you are charged the spread on each transaction. FXCM’s accounts are spread only with a markup in lieu of additional trading commissions. If you meet volume requirements, we can enable your account for active trader pricing which can lower your trading costs even further.
To clarify the confusion about spread betting and CFDs… You can think of spread betting as simply a special account designation for traders that reside in the UK and Ireland. This special designation makes your account free from capital gains and stamp duty when spread betting. The products traded are virtually the same, except that the spread bet designation gives UK and Ireland residents the extra tax advantage.
Disclosure: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.