Advantages of Trading with FXCM Asia
Traders choose FXCM Asia because our No Dealing Desk Forex Trading Execution eliminates the conflict of interest between broker and trader. With this execution model, traders have complete anonymity from liquidity providers and do not have to worry about dealer intervention. Traders also trade without restrictions*. They can scalp the markets, trade during news events, and even place entry orders inside the spread.
FXCM Asia's No Dealing Desk Forex Execution aims to provide transparent and fair execution. Every trade is executed back to back with one of multiple liquidity providers which compete to provide FXCM with bid and ask prices. Liquidity providers include global banks, financial institutions, prime brokers and other market makers. The best spreads available to FXCM Asia are streamed to you with a markup, which is how FXCM is compensated.
The markup applies regardless of whether you make money on the trade, and regardless of how large your profit or loss is. Given that FXCM Asia makes money on a per trade basis, we are motivated to dedicate resources to try to improve client ability so that you continue to trade. With this execution model, FXCM Asia does not benefit from customer losses.
The role of a No Dealing Desk broker is to act as a true middleman that offers access to the market and who collects a transaction fee for doing so.
- Euro/U.S. dollar spread is frequently 2.6 pips, British pound/U.S. dollar 2.7 pips
- Trade on rates provided to FXCM by multiple global banks
- FXCM's average monthly trading volume drives price competition.
- Fractional pip pricing facilitates the tightening of spreads even further
NO DEALING DESK EXECUTION
- No conflict of interest between broker and trader
- No dealer intervention in trades
- Price providers (banks) do not see your stops, limits, and entry orders
- Competition reduces the potential for market manipulation by price providers
NO TRADING RESTRICTIONS*
- Trade during breaking news
- Place entry orders anywhere—even inside the spread
- Scalp the market
- Rollover transparency—all amounts are displayed in advance
FACTS ABOUT FXCM INC.
Due to the average notional trading volume that FXCM generates; FXCM has obtained close banking relationships with some of the most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two liquidity providers may post wide spreads, or simply avoid quoting any price at all. With multiple liquidity providers quoting prices to FXCM, there are competitive spreads, even during market-moving news events.
FXCM does not take a market position—eliminating a major conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. However, with our No Dealing Desk Forex Execution, we fill your orders from the best prices available to us from the banks. While an individual bank may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At FXCM, prices are not subject to manipulation by a broker or a banks dealing desk.
While our competitors are beginning to follow our example of offering No Dealing Desk Forex Execution, we have successfully implemented it. Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to execute trades. Our trading platform is tested in all market conditions.
While FXCM aims to provide clients with the best pricing available, having all orders filled at a requested rate means execution risks will remain. Read more
*FXCM Trading Station allows for order sizes up to 50 million per trade. Traders have the ability to trade incremental sizes (multiple orders of 50 million for the same pair).