Do not open a live trading account until you are profitable trading on Why Trade with FXCM?
FXCM's No Dealing Desk aims to provide transparent and fair execution. Every trade is executed back to back with one of the world's premier banks or financial institutions, which compete to provide FXCM with bid and ask prices. The best spreads available to FXCM are streamed to you with a small markup, which is generally one pip or less for major currency pairs.
Lower Spreads
- Euro/US dollar spread is frequently 2 pips, British pound/dollar 3 pips
- Trade on rates provided to FXCM by multiple global banks
- FXCM's $350 billion in monthly volume drives price competition
- Fractional pip pricing facilitates the tightening of spreads even further
No Dealing Desk Execution
- No conflict of interest between broker and trader
- No dealer intervention in trades
- Price providers (Banks) do not see your stops, limits, and entry orders
- Competition reduces the potential for market manipulation by price providers
No Trading Restrictions
- Trade during breaking news
- Place entry orders anywhere—even inside the spread
- Scalp the market
- Rollover transparency—all amounts are displayed in advance
- Receive positive rolls at all margin levels
Trade Directly From Charts
- Place trades on the chart without toggling
- Save your work—charts, multiple layouts, and templates
- View all positions directly on the chart
Trading Platform Options
- Choose one-click, double click, or click-and-confirm order entry
- Manage your leverage—up to 200:1*
- Hedge your trades—buy and sell one currency pair simultaneously
- Set trailing stops
Account Features
- Rollover amounts are posted in advance
- Never pay a debit balance
- Denominate your account in one of six currencies
Why Trade at FXCM
FXCM’s trading volume, $350 billion worth of transactions monthly, may be the largest single source of retail currency trades in the world. As a result, we have obtained close banking relationships with eight of the world's largest and most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two banks may post wide spreads, or simply avoid quoting any price at all. With so many major banks quoting prices to FXCM, there are competitive spreads, even during market-moving news events.
FXCM does not take a market position—eliminating a major conflict of interest because FXCM is non dealing desk broker. A dealing desk broker, which acts as a market maker, may be trading against your position. With our No Dealing Desk execution, however, we fill your orders from the best prices available to us from the banks. While an individual bank may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At FXCM, prices are not subject to manipulation by a broker or a bank’s dealing desk.
While our competitors are beginning to follow our example of offering No Dealing Desk execution, we have successfully implemented it. Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to execute trades. Our trading platform is tested in all market conditions, routinely handling about 200,000 trades per day.
While FXCM aims to provide clients with the best pricing available, having all orders filled at a requested rate means execution risks will remain.
*Without proper risk management, a high degree of leverage can lead to large losses as well as gains
Forex Market is open 24hrs a day, and traded on a global scale, the question to ask is, ‘when should I trade?’. The good news is that no matter what time zone or hemisphere you live in globally, there are always good opportunities to trade. 
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Opening an FXCM trading account is quick and easy. Follow 3 steps to open an FXCM trading 