FXCM Charges 27 Pips on Bitcoin Trade, Negative Slippage at 10%
- For the crypto currency pairs, the company averaged 26.9 pips on BTC/USD and 2.0 on the Ethereum instrument, ETH/USD.
FXCM Group has released a comprehensive execution quality report for the one-month period ending on January 31, 2019, detailing average spreads and Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term metrics on its 'Active Trader' trading accounts.
Slippage is the difference between the quoted prices and those at which the client’s orders have been executed by the broker. The less slippage the trader gets, the better his trading results will be.
According to figures stated in the report, the average spreads on the EUR/USD, USD/JPY, GBP/USD and XAU/USD pairs were 0.3, 0.3, 0.7 and 35.4 pips respectively. For the cryptocurrency pairs, the company averaged 26.9 pips on BTC/USD and 2.0 on the Ethereum instrument, ETH/USD.
FXCM Group has recently expanded its range of cryptocurrency instruments and now offers CFDs on the second most popular coin, Ethereum, for all of its trading accounts.
The FX broker introduced the new asset type earlier last year when it began testing the service with its already installed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term offering.
Slippage Metrics
FXCM has also advertised its price improvements/slippage statics during January 2019, which showed the following highlights.
- • 26.31 percent of all stop, limit, 'at market,' and entry orders received positive slippage • 11.46 percent of all stop, limit, 'at market,' and entry orders received negative slippage • 67.70 percent of all limit and limit entry orders received positive slippage • 45.35 percent of all stop and stop entry orders received negative slippage
Additionally, the online brokerage disclosed its Effective Spread statics, which displays its quoted spread for its top FX pairs, and compares the figures with actual spreads, at which trades were already filled, with the difference being displayed in a table key.
The following table shows the exact figures in January:
Commenting on the findings, Brendan Callan, CEO of FXCM Group, said: “During the month of January FXCM expanded its crypto CFD offering adding Ethereum. FXCM’s spread on Bitcoin remains to be extremely competitive with Bitcoin orders executing at price or better 89.7% of the time during the month of January.”
FXCM Group has released a comprehensive execution quality report for the one-month period ending on January 31, 2019, detailing average spreads and Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term metrics on its 'Active Trader' trading accounts.
Slippage is the difference between the quoted prices and those at which the client’s orders have been executed by the broker. The less slippage the trader gets, the better his trading results will be.
According to figures stated in the report, the average spreads on the EUR/USD, USD/JPY, GBP/USD and XAU/USD pairs were 0.3, 0.3, 0.7 and 35.4 pips respectively. For the cryptocurrency pairs, the company averaged 26.9 pips on BTC/USD and 2.0 on the Ethereum instrument, ETH/USD.
FXCM Group has recently expanded its range of cryptocurrency instruments and now offers CFDs on the second most popular coin, Ethereum, for all of its trading accounts.
The FX broker introduced the new asset type earlier last year when it began testing the service with its already installed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term offering.
Slippage Metrics
FXCM has also advertised its price improvements/slippage statics during January 2019, which showed the following highlights.
- • 26.31 percent of all stop, limit, 'at market,' and entry orders received positive slippage • 11.46 percent of all stop, limit, 'at market,' and entry orders received negative slippage • 67.70 percent of all limit and limit entry orders received positive slippage • 45.35 percent of all stop and stop entry orders received negative slippage
Additionally, the online brokerage disclosed its Effective Spread statics, which displays its quoted spread for its top FX pairs, and compares the figures with actual spreads, at which trades were already filled, with the difference being displayed in a table key.
The following table shows the exact figures in January:
Commenting on the findings, Brendan Callan, CEO of FXCM Group, said: “During the month of January FXCM expanded its crypto CFD offering adding Ethereum. FXCM’s spread on Bitcoin remains to be extremely competitive with Bitcoin orders executing at price or better 89.7% of the time during the month of January.”