FXCM introduces a new pricing model offering raw forex spreads, reducing trading costs for its US customers on average by 50% on top 14 currency pairs, implementing tighter spreads and commission pricing.
One of the leading providers of foreign exchange and CFD trading services worldwide, FXCM, has announced that its US subsidiary, Forex Capital Markets LLC is introducing a new retail FX pricing model.
Clients of FXCM in the US will get lower spreads across the board, with markups which were previously included in the spread, now displayed as commission.
The move will optimize the cost structure of the trades and will effective immediately result in cheaper trading costs for clients of the US subsidiary of FXCM.
The company’s CEO, Drew Niv commented, ”FXCM is 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.”
He elaborated on the move explaining, "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%," concluded Mr. Niv.
After the recent batch of record low volatility across the foreign exchange markets, FXCM is adopting a commission pricing model to increase transparency and stay competitive even in those tough market conditions.
According to the company's announcement, the US is the fifth region to begin migrating new and existing clients to the new pricing model after having raised the minimum deposit for account opening from $50 to $2,000.
Both new and existing clients will start trading with the new conditions only after FXCM notifies them about the transition. Commissions start from $0.40/per side or $0.80 round turn for every $10,000 traded ($40/$80 per million) on FX majors up to $0.60/per side or $1.20 round turn even on exotic pairs such as the USD/RUB.
One of the leading providers of foreign exchange and CFD trading services worldwide, FXCM, has announced that its US subsidiary, Forex Capital Markets LLC is introducing a new retail FX pricing model.
Clients of FXCM in the US will get lower spreads across the board, with markups which were previously included in the spread, now displayed as commission.
The move will optimize the cost structure of the trades and will effective immediately result in cheaper trading costs for clients of the US subsidiary of FXCM.
The company’s CEO, Drew Niv commented, ”FXCM is 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.”
He elaborated on the move explaining, "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%," concluded Mr. Niv.
After the recent batch of record low volatility across the foreign exchange markets, FXCM is adopting a commission pricing model to increase transparency and stay competitive even in those tough market conditions.
According to the company's announcement, the US is the fifth region to begin migrating new and existing clients to the new pricing model after having raised the minimum deposit for account opening from $50 to $2,000.
Both new and existing clients will start trading with the new conditions only after FXCM notifies them about the transition. Commissions start from $0.40/per side or $0.80 round turn for every $10,000 traded ($40/$80 per million) on FX majors up to $0.60/per side or $1.20 round turn even on exotic pairs such as the USD/RUB.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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