FXCM is a true forex broker leader in today’s online currency exchange industry. The broker offers two types of execution – No Dealing Desk (NDD) and Dealing Desk. Below is the comparison table of the two options with all the features compared side by side.

Open Trading Account with FXCM

Find the execution offering that suits you best: 

 

NO DEALING DESK
(Recommended)

DEALING DESK
12 Most Popular Pairs

GENERAL

 

 

     

Maximum Balance

None

$25,000

Maximum Trade Size

50 Million

50 Million

Price Feed

NDD

Dealing Desk

Spreads

EUR/USD 2.5 pips

EUR/USD 1.5 pips

ORDER EXECUTION

 

 

     

Re-Quote Orders1

No
FXCM does not re-quote orders or manipulate market prices.

No
FXCM does not re-quote orders or manipulate market prices.

Conflict of Interest

No
FXCM cannot profit from the trading losses of its clients.

Yes
FXCM can profit from the trading losses of its clients on some currency pairs.

Anonymous Orders

Yes
FXCM’s liquidity providers cannot see your stop, limit and entry orders.

No
FXCM can see your stop, limit and entry orders, but FXCM does not re-quote1 orders or manipulate prices.

Partial Fills

Yes
Orders can be broken up and filled at multiple prices (at your discretion).

Yes
Orders can be broken up and filled at multiple prices (at your discretion).

STRATEGIES

 

 

     

Scalping

Yes
Scalp the market with no restrictions.

Yes
Scalping is allowed, but FXCM reserves the right to manage its risk by changing your execution type.

News Trading

Yes
Trade news events with no restrictions.

Yes
News trading is allowed, but FXCM reserves the right to manage its risk by changing your execution type.

Automation (e.g. EAs)

Yes
Automate your trading with no restrictions. Use any EA.

Yes
Automated trading is allowed, but FXCM reserves the right to manage its risk by changing your execution type.

API Trading

Yes
Trade with APIs and no restrictions.

Yes
Trade with APIs, but FXCM reserves the right to manage its risk by changing your execution type to NDD.

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