FXCM Launches New Pricing Model Offering Raw Forex Spreads

September 22, 2014

FXCM Inc., a leading online provider of foreign exchange trading and related services worldwide, today announced that its US subsidiary Forex Capital Markets LLC ("FXCM US") has introduced a new retail FX pricing model. FXCM US platforms will now display raw spreads and mark-ups previously included in the spread will be separately displayed as a commission*. As part of this introduction, FXCM also reduced client trading costs.

"We are excited to offer raw spreads with no mark-ups on all currency pairs as it will provide clients with a superior and transparent Forex trading experience," said Drew Niv, CEO of FXCM Inc. "As part of FXCM's commitment to its clients, we are taking pricing and broker service transparency to a new level and bringing greater opportunities to clients."

The FXCM platforms will now display raw spreads from one of our 15 different liquidity providers streaming prices into the FXCM no dealing desk execution system. "On average we reduced trading cost on the top 14 currency pairs by 50%," added Mr. Niv.

FXCM's new pricing model allows traders to easily scalp the market, while providing increased execution benefits to stop and limit orders. Furthermore, FXCM clients will continue to benefit from no re-quotes**, fast, efficient and transparent execution, with no restrictions, along with a comprehensive suite of educational services through DailyFX.com.

COST-REDUCTION¹ HIGHLIGHTS: MAJOR CURRENCY PAIRS

 

Old Spreads

New Raw Spreads

Commission/10K Order

Total Reduction with New Model

EUR/USD

2.5

0.2

$0.40

60%

USD/JPY

2.3

0.3

$0.40

50%

GBP/USD

2.3

0.4

$0.40

39%

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

The US is the fifth region to begin migrating new and existing clients to this transparent pricing model. The US entity has also raised the open account minimum from $50 to $2,000. Other select targeted jurisdictions began offering a similar commission structure and raised their account minimums as well.

"These super tight raw FX spreads will be ideal for scalping and can help improve trading execution across the board. 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 that we believe will be very popular with customers," added Niv.

For more information and to see the new pricing model, visit Forex-Pricing or contact an FXCM specialist at info@fxcm.com or call 1 212 897 7660.

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

**FXCM maintains a no re-quote policy. Circumstances exist based on order size, trading pattern, and market conditions where individuals may not receive execution at the requested rate. Orders are executed at the next available rate within the trader's parameters, subject to market conditions. The difference between the requested rate and final execution price may be more or less advantageous based on the market activity and available liquidity.

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