Bob Volman - Price Action Scalping | Currency Futures


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Bob Volman - Price Action Scalping

  #72 (permalink)

New York
 
Trading Experience: Intermediate
Platform: Strategy Trader
 
Jason Rogers's Avatar
 
Posts: 166 since Aug 2010
Thanks: 122 given, 153 received


trendisyourfriend View Post
I was looking at FXCM spread for the EUR/USD and i think the average spread is 2.6 pips.


mongoose View Post
He states in the book not to use brokers where your going to be paying more than 1 pip rt in the spread, so this would rule out FXCM, who is on the high side of spread for forex brokers.

Hi guys,

FXCM recently introduced lower spreads on our new dealing desk execution. The spreads are 1 pip lower for the most popular currency pairs than on our standard No Dealing Desk (NDD) forex execution. Mongoose, you mentioned wanting to pay less than 1 pip round turn. I'm not sure if that includes commission which would be an additional cost. Below you can see our spreads, and there is no commission charged on top of that.

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Dealing desk execution is used by many brokers in the forex industry. However, FXCM's dealing desk is different because we use the FXCM NDD price feed as a base to derive prices and execute orders. This means that our dealing desk execution shares important features with our NDD execution such as no requotes and no restrictions on stops and limits. You can get a free practice account at FXCM.com to try our new spreads. Make sure to select "Lower Spreads (Dealing Desk)" for the Execution Type on the demo signup page as shown below.

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Jason

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