FXCM 2008: Even Lower Spreads

PRLog (Press Release) – Jan 22, 2008 – FXCM 2008: Even Lower Spreads


FXCM’s (www.fxcm.com) No Dealing Desk trading platform recently added an additional bank as a price provider, bringing the total to seven global banks that compete to provide pricing for FXCM's Trading Station. Over the last three months, typical spreads have already tightened.  

Watch closely for lower spreads in the following currency pairs:

Currency Pair: EUR/USD
Typical Spread: 2.3
As Low As: 0.9

Currency Pair: USD/JPY
Typical Spread: 2.9
As Low As: 0.5

Currency Pair:  GBP/USD
Typical Spread: 3.7
As Low As: 0.8

Currency Pair : USD/CHF
Typical Spread: 3.8
As Low As: 1

Currency Pair: EUR/CHF
Typical Spread: 2
As Low As: 0.1

Currency Pair: AUD/USD
Typical Spread:  3.7
As Low As: 1

Currency Pair: USD/CAD
Typical Spread: 4.8
As Low As: 1

Currency Pair: NZD/USD
Typical Spread: 4
As Low As: 0.8

Currency Pair:  EUR/GBP
Typical Spread : 2.4
As Low As :  0.6

Currency Pair:  EUR/JPY
Typical Spread : 3.9
As Low As : 0.6

Currency Pair: GBP/JPY
Typical Spread : 5.3
As Low As : 3

Currency Pair:  CHF/JPY
Typical Spread : 3.5
As Low As : 1



“FXCM’s No Dealing Desk trading platform 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,” said Drew Niv CEO of FXCM. “The best spreads available to FXCM are streamed to you with a small mark-up, which is generally one pip or less for major currency pairs.”

For a complete list of currency pairs and their new tighter spreads, please go to www.fxcm.com


If you have any questions, please call one of our currency specialists, who are available 24 hours a day, at 888-503-6739, or email us at info@fxcm.com.

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FXCM Facts
•   Forex Capital Markets LLC is one the Largest Forex Dealer Members
•   More than 100,000 live accounts are traded on FXCM trading platforms
•   Over $200 billion in notional volume is traded each month on FXCM trading platforms
•   As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM.
•   FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
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Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com