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FXCM reports $11 average transaction cost per standard lot in 2015

Today global online trading services provider FXCM Inc (NYSE:FXCM), famous for its transparency and investor protection policy, published data on spreads and trading costs for some of the most popular currency pairs for 2015.


No wonder FXCM registered steady rise in monthly retail trading volumes over the last few months, since the broker offers a transparent pricing model, made up of low, competitive commissions and really tight spreads.


According to the data report, the average spread for the most popular currency pair EUR/USD during peak market trading hours was 0.3 pips. What is more, during 8.32% of the time in 2015 the spread was 0.1 pips or even less.


As trading costs include both the spread and commission fees, below you can find the relevant figures:

Currency pair
 
Average Spread
(pips)
Commission
(per standard lot per side)
Total Cost round turn
(per standard lot)
EUR/USD 0.3 $4 $11
USD/JPY 0.3 $4 $11
GBP/USD 0.5 $4 $13
AUD/USD 0.3 $4 $11

 

The data was collected using the average spreads for FXCM’s standard accounts during peak hours (1am EST — 1pm EST from January 1, 2015 to December 31, 2015, excluding weekends), using No Dealing Desk (NDD) execution. We should take into account, however, that the above fees are standard, and the broker offers discounted commissions at various levels for high-volume traders (trading over $50 million in notional volume monthly or with account balances of over $25K).


The report also includes data regarding non-peak trading hours, where the spread on EUR/USD average 0.6 pips, on USD/JPY – 0.5 pips, on GBP/USD - 1.0 pips and on AUD/USD – 0.7 pips.


However low spread is nothing without quality execution. Earlier this year FXCM  published a study that examined the order execution prices and the results were quite astonishing. It turned out that FXCM Retail Client order execution is better, in terms of prices, than if the same orders were executed on Interbank Market.


FXCM is one of the biggest forex broker on the global market, offering forex and CFD trading, spread betting and related services to both retail and institutional clients. The broker is registered with the relevant regulatory bodies in the US, the UK, Germany, Italy and Australia. 

 

TAGS: fxcm  spread  execution  transaction costs 

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