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FXCM Micro - Mission Statement
About Us |
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FXCM Micro is for traders who prefer the flexibility and convenience of trading in small
(1K, 2K) lots, but are not willing to sacrifice tight spreads or quality execution.
With FXCM Micro, you can open an account with as little as $25, yet trade with competitive
spreads. |
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Keeping Expenses Low Keeps Spreads Tight |
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One of the most important considerations for the forex trader is spread. In order to provide you with tight spreads for 1K lot sizes (as little as 15 cents per lot for EUR/USD), we control expenses, such as costly support services. Instead of providing these services to you by phone or IM, we have innovated extensive self-help sections so that you can find immediate answers on our Web site. Of course, you will receive a personalized response via e-mail for anything related to your account, and you can log on to our interactive forums for trading- and service-related questions. To avoid the expense of administrative overhead, FXCM Micro offers only self-trading, individual accounts. |
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FXCM Micro Execution Instead of No Dealing Desk Execution |
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We believe that No Dealing Desk execution is best for forex traders. However, No Dealing Desk execution involves back-to-back trading execution with some of the world’s largest banks and financial institutions, and, with very few exceptions, these banks do not trade in microlot sizes. In fact, of the nine global banks with which we trade at present, only two offer microlots. Offering No Dealing Desk execution for microlots could invite less consistent spreads and poor execution.
Under the No Dealing Desk execution model, FXCM offsets each trade with one of its liquidity providers. Because individual FXCM Micro trades are not directly offset, FXCM’s trading desk manages the aggregate risk of the total net FXCM Micro trading positions. FXCM Micro acts as a counterparty in FXCM Micro transactions and, therefore, acts as the buyer when you sell and the seller when you buy.
Please note that FXCM Micro, in its discretion, may place accounts on the No Dealing Desk execution model and may or may not offset individual transactions.
FXCM Micro execution offers you many of the benefits associated with No Dealing Desk execution. For instance, FXCM Micro uses a price feed derived from the prices streamed to us by multiple global banks. Accordingly, FXCM Micro execution seeks to provide consistent, tight spreads, 24 hours a day, with rapid order execution. Therefore, when you select a price, and the price is available, the trade is executed.
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| While FXCM aims to provide clients with the best pricing available,
having all orders filled at a requested rate means execution risks
will remain. Read more |
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