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FXCM publishes impressive slippage and spread statistics

Jun 21 2017
By
Jonathan Smith

Major forex brokerage FXCM disclosed spread and slippage statistics on Wednesday, according to which the average spread on EUR/USD amounted to 0.2 pips for Q1 of 2017. In addition, the data reveal that 31.55% of all orders of FXCM’s clients received positive slippage in the period from January 1, 2017 through May 31, 2017.

 

According to the broker’s Spreads report, the average spread on EUR/USD for Q1 of 2017 amounted to just 0.2 pips. The information is derived from real, tradeable spreads available to FXCM clients with Standard accounts within peak hours (the period from 0600 – 1800 GMT). During non-peak hours, however, average spreads on the major pairs were doubled. Nonetheless, the broker states that 70% of EUR/USD trades occurred during peak hours.

 

 

As the cost of trading with FXCM also includes commission fees, the broker also provided data on trading costs. In Q1 of 2017 average trading costs amounted to £8 round‐turn commission for a standard lot of 100 000 currency base units during peak hours.

 

As regards FXCM’s slippage statistics, they cover a larger period - from January 1, 2017 through May 31, 2017. With FXCM's forex execution models, its clients can potentially receive price improvements (a.k.a. positive slippage) should the market move in their favor. According to the metrics shown in the report, 31.55% of all orders of FXCM’s clients got price improvements, while 57.25% of the orders had no slippage.

 

Earlier this month the broker disclosed trading metrics of FXCM Group for May, 2017. According to the company report, in May the customer trading volume stood at $213 billion, which is 21% higher than in April.

 

After the closure of the US business, FXCM Group still has its regulated forex businesses in the UK and across the major EU markets Germany, Italy and France, Australia, Israel and South Africa, as well as in Hong Kong, New Zealand, Japan. The broker offers forex, CFDs, and spread betting services.

TAGS: FXCM  spread  slippage  statistics 

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