FXCM Reduces Spreads Cutting Fees By Up To 54%
FXCM has lowered its spreads on the Trading Station account. Users can start speculating on currencies and indices with competitive fees and market-leading trading tools.
The revised spreads are available on major forex pairs and popular stock indices. The AUD/USD has seen the biggest improvement, with a spread of 0.85 pips, representing a 54% reduction.
Below is a breakdown of the latest spreads alongside their adjustment and percentage change.
Note, the calculations are based on data from the FXCM Group between 1 April 2022 and 30 June 2022.
Alongside more competitive pricing, FXCM is providing quality executions with 84% of orders benefiting from positive or zero slippage.
CEO of FXCM, Brendan Callan, commented: “In recent months, big swings in global currencies such as the euro’s decline against the dollar have created opportunities for retail investors, driving many towards the FX market. In line with our ‘Client First, Trader Driven’ mantra, we have made our pricing more competitive than ever before and are committed to continue offering quality execution and the best possible experience for our clients.”
FXCM is an award-winning brokerage, launched in 1999. The well-known brand has more than 100,000 clients worldwide and holds licenses with top-tier regulators, including the UK Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), and the Cyprus Securities & Exchange Commission (CySEC).
FXCM offers trading on forex pairs, precious metals, indices, shares, and cryptocurrencies. Leveraged CFDs and spread betting are available depending on the trader’s location.
Multiple trading platforms and apps are available to account holders. This includes FXCM’s Trading Station, TradingView, and MetaTrader 4. The broker also permits automated trading through EAs, though scalping is prohibited.
New clients can open an account in less than five minutes. Alternatively, potential investors can open a demo account with $50,000 in virtual cash.
Sign up with FXCM to start trading with tighter spreads and low to zero commission fees.