Brokers News

FXCM UK order execution saves its customers over 150 million in a year and a half

Aug 03 2016
By Stanimir Zhelev , ForexBrokerz.com Find me on Google+

FXCM’s UK unit published a study on its website on Tuesday on the quality of its retail order execution in terms of pricing. According to the document, the retail clients' orders of FXCM UK received better prices than futures or interbank markets, which basically means that the broker’s execution quality saved its clients more than $150 million.

In fact, the broker uses a fiction to illustrate its attractive execution: its prices for retail clients are compared to the ones which would be offered if they chose to be market takers in the same venues where banks and HFTs are market takers. The ECNs compared in the study are leading forex market trading venues – Chicago Mercantile Exchange (CME), EBS and Reuters.

Here are the figures showing the study’s conclusions:

According to the conclusions made from the survey, FXCM was equal to or better than the quoted futures price in 81.34% of the cases, leading to potential savings of $42,529,156 for FXCM’s clients (Average savings per order: $1.02). As regards the comparison with the Interbank market, the broker’s pricing was equal to or better than the quoted interbank price in 94.83% of the cases, leading to potential savings of $114,588,455 for FXCM’s clients (average savings per order: $1.85).

Probably the most important conclusion that can be drawn from this study is that FXCM UK’s retail execution quality saved clients more than $150 million.

This study covers the period from October 1, 2014 to March 31, 2016 and is based on the trade data for UK clients on NDD execution (customers of FXCM Ltd).

Earlier this year FXCM released data from similar studies looking into the quality of execution of the retail orders of clients of Forex Capital Markets LLC for the period between 1 October 2014 and August 31, 2015, according to which the broker’s order execution saves clients over $90 million in 11 months.

FXCM UK explained that its liquidity providers offer better retail prices because they are only allowed to be price makers on retail client stream, and solely a retail client can take a price from the liquidity provider.

Part of the FXCM group, FXCM UK is the trading name of Forex Capital Markets LTD., which is authorised and regulated by the Financial Conduct Authority.

FXCM (NYSE:FXCM) is a leading broker of forex, contracts for difference (CFDs), and spread betting, which serves both retail and wholesale clients. The brokerage is a registered futures commission merchant (FCM) and a retail foreign exchange dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). Apart from its UK unit, it has subsidiaries registered and regulated with the relevant authorities in Australia and France.

TAGS: fxcm fxcm uk order execution execution

More news about FXCM

FXCMs November trading volume rebounds from October Dec 07 2017 14:23:14
Global Brokerage files for bankruptcy, delists from NASDAQ, FXCM not involved Nov 13 2017 14:37:57
FXCM parts ways with Global Brokerage Oct 03 2017 07:45:27
FXCM: our clients will not be affected if GLBR delists from NASDAQ Aug 22 2017 07:28:40
FXCM closes FastMatch sale, gets $46.7 million to pay Leucadia Aug 15 2017 07:41:09

Broker	Advantages


	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, IFSC	MT4, MT5, Web	$10	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia, Cyprus	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	Australia	ASIC	MT4, MT5	$100	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

More Forex Brokers News

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

Award-winning forex brokerage FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more