Fx Trading
To give you access to better spreads, we introduced No Dealing Desk* execution. For instance, you might see a buy price of 1.FIRST, spread is the difference between the ask price (the price you sell at) quoted in pips. Wider spreads result in a higher ask price and a lower bid price. If the quote between EUR/USD at a given moment is 1.3453. Before this change, the buy price was rounded up to the nearest pip, and the sell price was rounded down.5 pips.34557 instead of 1. As one of the largest Forex Dealer Members** with strong liquidity relationships with the world's leading banks, we constantly press them to supply the most favorable prices to us. As competition intensifies, fractional pip pricing should reduce bid/ask spreads for each of the more popular currency pairs even further—welcome news indeed in view of the market volatility we have recently experienced. As a consequence, you pay more when you buy and get less when you sell, making it more difficult to realize a profit Brokers don't typically earn the full spread, especially when they hedge client positions. If the quote is 1.2222/4, then the spread is 1. . Now, with the additional decimal place, you will see a more accurate—and usually tighter—spread.As a result, the banks have now begun to provide streaming six-digit prices to FXCM; and consequently we are delighted to provide more