For traders new to the forex market, our introductory Mini Account gets you started with just $50. Access the most popular and liquid forex pairs at prices as low as 1.4. Mini Accounts feature dealing desk execution, where FXCM can act as a dealer determining prices and spreads. Compare Account Types
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Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from July 1, 2016 to Sept 30, 2016. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.
Execution: FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex on FXCM's dealing desk and No Dealing Desk (NDD) execution models. With NDD, FXCM's platforms display the best-available direct bid and ask prices from the liquidity providers. In some circumstances, FXCM may add a markup to NDD spreads, based on account type. In addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. With dealing desk execution, FXCM can act as the dealer on any or all currency pairs. Backup liquidity providers fill in when FXCM does not act as the dealer. FXCM’s dealing desk has fewer liquidity providers than NDD. There are many other factors to consider when choosing an execution model (such as conflict of interest, trading style or strategy). See Execution Risks. Note: Contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC, which, in turn, provides technology and pricing to the group affiliate entities.