• No Dealing Desk Forex execution
• Fractional pricing—in one-tenth of a pip
• Tight bid and ask spreads
• Live streaming prices for more than 24 currency pairs

Live streaming quotes

FXCM receives prices from multiple global liquidity providers (banks, financial institutions, prime brokers and other market makers), hence enabling it to have some of the best prices on the market for over two dozen currency pairs.

FXCM's No Dealing Desk Forex execution model enables FXCM to show traders the most competitive bid or ask price available, plus FXCM’s standard fixed markup. FXCM received these best prices from the multiple global banks and other liquidity providers that feed prices into the FXCM Trading Station. Having multiple prices provided to FXCM by several of the world's largest financial institutions means that you will see tight, variable spreads, with precision down to as much as 1/1000th of a cent.

You can buy or sell by clicking on the prices shown in the “Dealing Rates” window. If you are looking for quick order entry, you can switch to one-click trading, enabling you to enter and exit the market with just one click.

How to read the Dealing Rates

On the Forex market, most institutions quote prices down to the 1/100th of a cent in the EUR/USD currency pair, 1/100th of a cent being a “pip”, hence a change in the price of a Euro from $1.4613 to $1.4614 is a change of one pip.

FXCM on the other hand shows prices with much more precision, down to 1/10th of a pip (i.e. 1/1000th of a cent). Forex prices are quoted in pairs, such as the Euro to the US dollar (abbreviated EUR/USD). In the dealing rates box, the price you see to the right shows how much of the second currency, one unit of the first currency is worth. Therefore, a EUR/USD buy price of 1.4660 means that it takes $1 and 46.160 cents to buy one Euro.

Advanced Dealing Rates

• Sell Price:Referred to as the “Bid Price” as well, the Sell Price is the price level at which you can currently sell. The No Dealing Desk Forex execution model enables FXCM to show you the best sell price available to you, quoted at 1/10th of a pip.
• Buy Price:Referred to as the “Ask Price”, the Buy Price is the price level at which you can currently buy.
• Currency Pair:This captures the currencies you are currently trading; in this example, the euro/U.S. dollar.
• Current Spread: The current variance between the buy and the sell price, in pips. This is your core cost of trading.
• Low Price: The lowest sell price reached in the current day of trading.
• High Price: The highest buy price reached in the current day of trading.
• Time: The last time the price was updated.
• Trade Size: In one-click trading mode, you can choose how many lots you wish to trade.
• Trading Mode: Captures in which trading mode you are in. In this example, the account is in one-click trading mode.

Additional Currency Pairs

• FXCM offers over 24 currency pairs
• You can choose the pairs you want to see

When you open the FXCM Trading Station, the 12 most traded pairs appear in the dealing rates window. FXCM also offers trading in more than a dozen other pairs and looks to add more in the future.

If you wish to add additional pairs, just click on the “CCY” button at the top of your trading station.View Video Tutorial

The Currency Subscription List will appear. Place a check mark next to the pairs you want to see in the dealing rates window, and uncheck any pair that you don't want to see. You can view a maximum of 12 pairs at a time.