is aReferring Broker of:
Why FX Trading24?
Not all forex brokers have the same order execution system. Most forex brokers act as market makers, offering traders individual exchange rates for their trades and manipulating order executions. FXCM is different.
FXCM maintains close business ties with several large global banks and financial institutions that set exchange rates (competing bid/ask spreads) and enable order execution (no dealing desk, no market makers).
FXCM offers highly transparent and intelligent order execution. Each transaction is processed through one of the world’s largest banks or financial institutions, each competing with other to offer the best available bid/ask spreads to FXCM. These competing spreads are transmitted along with a very low markup via the FX Trading Station using streaming rate feeds about the trading platform to FXCM traders.
FXCM order execution offers traders the advantages that come with trading at highly transparent and competitive exchange rates, and the well-known speed and convenience of FXCM’s award-winning trading platform.
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Facts and Information
FXCM’s monthly trading volume exceeds USD 500 billion, which makes it the largest source of currency market transactions in the world. FXCM maintains close business ties with 10 of the world’s largest banks and financial institutions – the most dynamic exchange rate providers on the forex market. Having several pricing providers is especially advantageous in volatile markets, when individual banks are only able to set certain currency prices. With ten large banks offering pricing via the FXCM trading platform, traders have constant access to competing pricing – around the clock.
Since FXCM does not act as market maker, unlike other online brokers and banks, FXCM’s prices are based on the best available price offered by one of the large banks and financial institutions that cooperate with FXCM. This enables FXCM to eliminate all of the potential conflicts of interest that exist between nearly every other online broker or market-maker bank and its customers. While a bank may try to steer its currency pricing in a particular direction, an unattractive bid or ask rate loses out in the competition with other banks. This competition eliminates any possibility that price drift can influence FXCM's unified pricing scheme.
While its competitors are already starting to copy the FXCM order execution model, FXCM has offered the established original for years. But good bid and ask pricing is meaningless if traders do not have a reliable trading platform with which to execute their transactions. Experience has shown that the FXCM trading platform can hold its own in any market condition, and it routinely executes hundreds of thousands of transactions every day.
FXCM’s status as a market leader is due in large part to the strong loyalty and word-of-mouth recommendations of its numerous customers.
Here are just a few of the key reasons why most forex traders opt for FXCM:
- FXCM has an excellent reputation for its unique order execution system and first-class trading technology.
- FXCM offers a highly user friendly, intuitive and multilingual trading platform.
- With more than 600 permanent employees, FXCM offers 24/7 service and support in over a dozen languages including Arabic, Spanish, Japanese, Russian, Chinese, Portuguese, Italian, French, German and many more.
- The FXCM Group has offices around the globe – in the US, Canada, Europe, Asia, Australia, and the UAE.
- More than 165,000 trading accounts from some 150 countries complete an average of more than 7 million transactions a month using the FXCM trading platform.
- New trading accounts usually take 1-2 business days to open.
- The combined account balances of traders using the FXCM trading platform to trade on the forex market currently exceed 600 million US dollars.
- By September 2006, the FXCM Group already had client capital of more than USD 215 million of the USD 770 million total of all forex brokers registered with NFA at that time.
- And not least, FXCM traders can take advantage of numerous exclusive services.
Regulation
As a vocal advocate of foreign exchange regulations to protect investors the FXCM Group is committed to compliance with all requirements, regulations and provisions of oversight authorities in the US, Canada, the UK, Germany, Hong Kong, Australia and the UAE. FXCM also fulfills all CFTC mandates.
FXCM is a registered Futures Commission Merchant (FCM) with the Commodities Futures Trading Commission (CFTC). It is also a member of the National Futures Trading Association (NFA). FXCM was one of the first forex brokers registered as an FCM, long before the Commodity Futures Modernization Act of December 2000 mandated registration for all US-based brokers.
The FXCM Group has branches around the globe subject to the oversight authorities in their respective countries. This results in three fundamental advantages, both for existing FXCM customers and for potential new customers:
- FXCM’s Financial Strength and Regulation
Futures Commission Merchants (FCM) are obligated to comply with all financial requirements, adjustments and new regulations, and are further required to provide regular comprehensive reports to oversight authorities. These standards were introduced by the NFA, which has the right to sanction violators or even shut down a FCM company. - Highest Transparency
The National Futures Association (NFA) has abstracts of all formal proceedings filed against FCMs. With just a few mouse clicks investors and traders can find out whether a financial company is being run scrupulously. To find out more about a financial company, visit: http://www.nfa.futures.org/basicnet/ - Framework
The US-regulated framework is by far one of the best when it comes to protecting investors. Investors can approach the NFA and the CFTC, as well as national regulatory authorities.
As a group of companies specialised in forex trading the whole product range is custom tailored to serve as a complete solution to fulfill the needs of forex traders and investors.
FXCM Awards
- 2011 FXStreet - Bext FX Awards - Best Broker Research Team: DailyFX
- 2010 FX Traders' Choice Awards - Eagle Award:
Best FX Broker - Europe Falcon Award: High BrokerSatisfaction - Oceania, Americas, Africa Global FXBroker - Overall
- 2010 What Investment
Magazine - Readership Awards:
Best FX Provider 2010
- 2010
MoneyAM - Online Finance Awards:
Winner Best Online FX Broker
- 2009, 2010
FX-week:
WINNER Best Retail Platform
- 2004, 2005, 2006, 2010 Inc. 500: List of America's Fastest Growing Companies
Four Time Honoree: 2004, 2005, 2006, 2010
- 2009 traderplanet.com:
Star Awards
- 2008 Stocks & commodities:
Best FX Specialist 2002, 2003, 2004 Readers' Choice Award Top U.S. Forex Brokerage
- 2008 Middle East Money Summit Award
- 2008 Shares magazine:
Best Currency Broker Nominee
- 2008 Entrepreneur Magazine: FXCM was ranked #30 in the Hot 100
fastest-growing businesses in the U.S.
- 2008 Global finance:
Best Independent Online FX Trading System, 2008 Honorable mention
