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Screenshot of a breaking news alert e-mail from Q2 2017
FXCM Inc. (NYSE:FXCM) has continued the rolling out of its new zero spread business model across international markets, today announcing that its Australian subsidiary, FXCM Australia Limited (“FXCM AU”), has introduced FXCM’s new retail FX pricing model. FXCM AU platforms will now display raw spreads from FXCM liquidity providers, plus a separate commission*. As part of this introduction, client trading costs could be reduced up to 50% when compared to previous typical spreads on a number of the top 14 currency pairs.
Earlier today, LeapRate reported that the firm is preparing to implement the new business model across its Japanese client base using the MetaTrader 4 platform in December this year.
“We’ve received overwhelmingly positive feedback on our new spreads plus commission pricing model in regions we’ve already rolled this out . We’ve received overwhelmingly positive feedback on our new spreads plus commission pricing model in regions we’ve already rolled this out,” said Jessica Beckstead, Managing Director of FXCM AU. “As a result of the positive feedback FXCM AU will be rolling out FXCM’s new raw spreads plus commission pricing model.”
Starting today new clients signing up for a live or demo FXCM AU account will see FXCM platforms display raw spreads from one of our 14 different liquidity providers streaming prices into the FXCM no dealing desk execution system. Eligible live clients of FXCM AU will be upgraded automatically after the close of trading on Friday, 24 October*.
FXCM’s new pricing model allows traders to easily scalp the market, while providing increased execution benefits to stop and limit orders. Furthermore, FXCM clients will continue to benefit from no re-quotes.