FXCM is The Leader in Trading Technology
FXCM is one of the first companies to introduce online retail FX trading, and since then has continuously been an innovator to stay ahead of the pack.
No Dealing Desk
The FXCM trading platform has won many independent awards over the years. The biggest recent innovation to the platform was the introduction of the No Dealing Desk (NDD) trading.
The NDD system allows major international banks and institutions to bid on our clients’ trades. At any given moment our NDD platform posts the most favorable “buy” price and most favorable “sell” price we have received from these competing quotes.
This results in spreads as low as 1 pip. Trades are then covered by the bank which offered the posted price. We make for our expenses with a share of the small spreads between buy and sell prices, with our high volume making up for our tiny fee for each trade.
Anonymity and Positive rolls
Besides the tight spreads, NDD offers many other advantages. Since we stand between you and the quoting banks, those banks cannot distinguish individual traders.
Our NDD platform offers you positive rolls (paying the interest differential between currencies) if you are holding a long position for the higher yield currency overnight. In some of our platforms you also have the ability to place orders inside the spread, and to “hedge” by having buy and sell positions simultaneously on the same currency pair.
Choice of Order Types
NDD gives you a choice of two order types. The first is “At Best” which gives you the certainty of having an order filled in volatile market situations, but not precise price certainty. The second option is “Market Range” which gives you price certainty within a range which you determine but with the risk that a fast-moving market could bypass your order before it can be filled. You can freely switch between these options according to market conditions, with just the click of a mouse.
Building on Previous Innovations
Our NDD platform, winner of Global Finance’s Best Retail Online Trading System for 2011, still includes many of the innovations found in its previous versions. These include real-time streaming prices, instantaneous order execution, and on some versions the ability to place stop-loss, trailing stop, limit and entry orders.
Our real-time margin tracker helps protect you from excess liability, and up-to-the second electronic, printable account statements help you keep track of your account and manage risks.
The Ongoing Perfection of Forex Trading
Since the introduction of NDD in early 2007, we have continued to add improvements such as one-click trading option for fast-moving markets, the ability to spread large trades over several banks’ offers, and the full integration of charts with the trading system.
Recently, FXCM has begun to offer NDD trading through a mobile platform which can be used on iPhone, Blackberry, Windows Mobile and Android devices.
Interest to trade with FXCM? Drop us an email at fxcmbabagon@gmail.com