FXCM (Forex Capital Markets) Review and Spreads
FXCM is one of the most popular forex brokers due to the tight spreads they provide (as low as 1 pip) however this value changes depending on the open position and market conditions, FXCM.com uses up to ten banks to tighten the spreads as much as possible. however as this is not always the case you have to carefully watch the bid and ask in the platform. They also claim hiding stop loss information from the banks.
Compared to other platforms they provide low spreads the spread on EUR/USD is usually 2 pips and for GBP/USD usually 3 pips.
Some of the spreads of FXCM:
EUR/USD Euro – U.S. Dollar from 1 to 2.3
USD/JPY U.S. Dollar – Japanese Yen from 1 to 2.4
GBP/USD British Pound – U.S. Dollar from 1 to 3
USD/CHF U.S. Dollar – Swiss Franc from 1 to 3
AUD/USD Australian Dollar – U.S. Dollar from 1.1 to 3.1
EUR/JPY Euro – Japanese Yen from 1.1 to 3.1
EUR/GBP Euro – British Pound from 1.1 to 3.2
USD/CAD U.S. Dollar – Canadian Dollar from 1 to 3.7
EUR/CHF Euro – Swiss Franc from 1.4 to 3.9
NZD/USD New Zealand Dollar – U.S. Dollar from 1.1 to 4
CHF/JPY Swiss Franc – Japanese Yen from 1 to 4
NZD/JPY New Zealand Dollar – Japanese Yen from 1.1 to 4.4
AUD/JPY Australian Dollar – Japanese Yen from 1.4 to 4.8
AUD/CHF Australian Dollar – Swiss Franc from 2.6 to 4.9
AUD/NZD Australian Dollar – New Zealand Dollar from 1.6 to 5
GBP/JPY British Pound – Japanese Yen from 1.1 to 5.4
CAD/JPY Canadian Dollar – Japanese Yen from 1.6 to 5.7
AUD/CAD Australian Dollar – Canadian Dollar from 2.5 to 6
EUR/AUD Euro – Australian Dollar from 1.5 to 6.5
GBP/CHF British Pound – Swiss Franc from 2 to 6.6
USD/DKK U.S. Dollar – Danish Krone from 1 to 6.8
USD/SGD U.S. Dollar – Singapore Dollar from 4.7 to 7.1
EUR/CAD Euro – Canadian Dollar from 1.3 to 7.1
GBP/AUD British Pound – Australian Dollar from 2.4 to 8
GBP/CAD British Pound – Canadian Dollar from 3 to 8.3
USD/TRY U.S. Dollar – Turkish Lira from 4.2 to 9.2
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