Forex Capital Markets (FXCM) now offers Fractional Pip Pricing
Written by Jaclyn Sales | Wed, Sep 26 2007 16:50:17 GMT
FXCM.COM is pleased to announce Fractional Pip Pricing to their clients.(Press Release)
Forex Capital Markets LLC, one of the largest Forex Dealer Members, offers “Fractional Pip Pricing” in an effort to reduce the bid-ask spreads it offers to their clients. Their aim is to provide customers with very competitive transaction costs—tight bid/ask spreads on the most poular currency pairs.
Instead of quoting full pips, FXCM will now quote prices in tenths of pips. The digit representing a tenth of a pip appears to the right of the two large bold face digits.
“The Benefit is clear,” Drew Niv CEO of the forex broker stated, “Fractional pip pricing should reduce bid/ask spreads on all the more popular currency pairs.”
With the additional decimal place, you will see a more accurate—and usually tighter—spread. For instance, you might see a buy price of 1.32557 instead of 1.3256 and a sell price of 1.32532 instead of 1.3253. In this case, you would have a spread of 2.5 pips instead of 3.
Forex Capital Markets LLC is one of the Largest Forex Dealer Members
More than 90,000 live accounts are traded on the FXCM trading platform
FXCM has 7 full-time currency tradinganalysts.
Over $200 billion in notional volume is traded each month on the FXCM trading platform
FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities.
