FXCM Group has released a comprehensive execution quality report for the one-month period ending on July 31, 2018. The company also published spreads statics for the first half, detailing average spreads throughout the six months to July on its 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, AUD/JPY and AUD/USD currency pairs were 0.2, 0.2, 0.6 and 0.3 pips respectively. For the SPX500, one of the most widely traded CFDs on indices, the company averaged 0.3 pip .
FXCM has also advertised its price improvements/slippage statics during H! 2018 which showed the following highlights.
- 63.91% of all orders received no slippage
- 25.86% of all orders received positive slippage.
- 10.24% of all orders received negative slippage.
- 63.94% of all limit and limit entry orders received positive slippage.
- 42.72% of all stop and stop entry orders received negative slippage.
All in all, over 89% of all orders received positive or zero slippage.
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Additionally, the online brokerage has 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 July 2018:
Commenting on the findings, Brendan Callan, CEO of FXCM Group, said: “In an effort to provide more customer focused metrics, FXCM will publish monthly execution statistics like speed of execution, slippage data, spreads and effective spreads. While the press release will highlight only a few pairs, we publish full statistics for all the instruments offered on our website which can be viewed at any time.”