Dealing Desk Option Arrives To FXCM US
After announcing in August that it would reinstate Dealing Desk accounts alongside its existing No Dealing Desk offering, FXCM stated that the new program would allow them to offer tighter spreads for clients. Although the broker had mentioned in August that the NDD offering was the default service, FXCM websites have wasted no time to begin highlighting the features of the new Dealing Desk accounts by promoting their lower spreads.
The changes first hit FXCMs Australian website FXCM.COM.AU and then a little later the FSA regulated FXCM.CO.UK entity. Notable though was the lack of the dealing desk offering appearing in the NFA licensed FXCM.COM website. However that has currently changed with the US entity now currently promoting its Low Spread dealing desk accounts.
What's Behind the Low Spreads From FXCM?
In Forex Magnates’ recently published 3rd Quarter Report, we wrote about the differences of a Market Making vs ECN model and the pros and cons of each business plan for brokers. The article also touched on why Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term or size of a company may be an important factor in the decision process. In FXCMs case, being a public company has brought on a new set of parties to please; shareholders. As such, in the same way that Facebook’s moves have been more influenced by bottom line results, the same forces are affecting FXCM. To counter, FXCM continues to pursue its “Full Transparency” mantra. So far this plan appears to be working as there has been very little if any uproar from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term chat rooms and broker review sites about the changes taking place in FXCM.
After announcing in August that it would reinstate Dealing Desk accounts alongside its existing No Dealing Desk offering, FXCM stated that the new program would allow them to offer tighter spreads for clients. Although the broker had mentioned in August that the NDD offering was the default service, FXCM websites have wasted no time to begin highlighting the features of the new Dealing Desk accounts by promoting their lower spreads.
The changes first hit FXCMs Australian website FXCM.COM.AU and then a little later the FSA regulated FXCM.CO.UK entity. Notable though was the lack of the dealing desk offering appearing in the NFA licensed FXCM.COM website. However that has currently changed with the US entity now currently promoting its Low Spread dealing desk accounts.
What's Behind the Low Spreads From FXCM?
In Forex Magnates’ recently published 3rd Quarter Report, we wrote about the differences of a Market Making vs ECN model and the pros and cons of each business plan for brokers. The article also touched on why Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term or size of a company may be an important factor in the decision process. In FXCMs case, being a public company has brought on a new set of parties to please; shareholders. As such, in the same way that Facebook’s moves have been more influenced by bottom line results, the same forces are affecting FXCM. To counter, FXCM continues to pursue its “Full Transparency” mantra. So far this plan appears to be working as there has been very little if any uproar from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term chat rooms and broker review sites about the changes taking place in FXCM.