Source: Global Brokerage, Inc.

FXCM Reports Spread Data for 2015

EUR/USD Spread Averaged 0.3 during Peak Trading Hours in 2015 
EUR/USD Spread .1 or less 8.32% in 2015

NEW YORK, March 01, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) ("FXCM" or "the Company"), a leading online provider of foreign exchange (FX) trading and related services, today reported its worldwide average spread data on a few of its top currency pairs.

The data was compiled using the average spread for FXCM standard accounts1 during peak market trading hours2 as well as non-peak trading hours3. FXCM also looked at the percentage of time spreads were .1 pip or less, at any time of the day.  

1 - An FXCM Standard Account using FXCM’s no dealing desk execution. FXCM's Standard Account offers a transparent pricing model, made up of low, competitive commissions and super-tight spreads. An FXCM client trades on the direct quotes FXCM receives from its liquidity providers with no hidden markups, with transparent commissions4 which start as low as $0.40 per 10k lot. In instances where clients use additional services, markups may be applied. The Standard account has a $2,000 open account minimum.

2- Peak trading hours defined as 1am EST – 1pm EST from January 1, 2015 to December 31, 2015, excluding weekends.

3- Non-Peak trading hours defined as 1pm EST – 1am EST from January 1, 2015 to December 31, 2015, excluding weekends.

4- Commissions shown in trade cost calculations represent accounts with a base currency of USD and are for most standard account holders. However, FXCM does offer discounted commissions at various levels for high-volume traders trading over $50 million in notional volume monthly or with account balances of over $25K.

Average Spread During Peak Trading Hours: (1am EST – 1pm EST from January 1, 2015 to December 31, 2015, excluding weekends)

EUR/USD*

  • Average Spread for 2015 During Peak Trading Hours: 0.3  (rounded up from 0.292)
    • Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
    • Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
    • Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Peak Trading Hours: 0.3  (rounded up from 0.287)
  • Average Spread for Q4 2015 During Peak Trading Hours: 0.3  (rounded up from 0.28)

*75% of EUR/USD orders and volume in 2015 across all FXCM entities were traded during Peak Trading Hours.

USD/JPY

  • Average Spread for 2015 During Peak Trading Hours: 0.3  (rounded up from 0.264)
    • Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
    • Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
    • Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Peak Trading Hours: 0.3  (rounded up from 0.263)
  • Average Spread for Q4 2015 During Peak Trading Hours: 0.2  (rounded down from 0.24)

GBP/USD

  • Average Spread for 2015 During Peak Trading Hours: 0.5  (rounded up from 0.458)
    • Total round trip cost = 0.5 spread + $0.04 + $0.04 commission = $0.13 all in cost per 1K lot
    • Total round trip cost = 0.5 spread + $0.40 + $0.40 commission = $1.30 all in cost per 10K lot
    • Total round trip cost = 0.5 spread + $4.00 + $4.00 commission = $13.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Peak Trading Hours: 0.5  (rounded up from 0.45)
  • Average Spread for Q4 2015 During Peak Trading Hours: 0.5  (rounded up from 0.46)

AUD/USD

  • Average Spread for 2015 During Peak Trading Hours: 0.3  (rounded down from 0.347)
    • Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
    • Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
    • Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Peak Trading Hours: 0.3  (rounded down from 0.307)
  • Average Spread for Q4 2015 During Peak Trading Hours: 0.3  (rounded down from 0.33)

Average Spread during Non-Peak Trading Hours: (1pm EST – 1am EST from January 1, 2015 to December 31, 2015, excluding weekends)

EUR/USD

  • Average Spread for 2015 During Non-Peak Trading Hours: 0.6  (rounded up from 0.553)
    • Total round trip cost = 0.6 spread + $0.04 + $0.04 commission = $0.14 all in cost per 1K lot
    • Total round trip cost = 0.6 spread + $0.40 + $0.40 commission = $1.40 all in cost per 10K lot
    • Total round trip cost = 0.6 spread + $4.00 + $4.00 commission = $14.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Non-Peak Trading Hours: 0.6   (rounded down from 0.63)
  • Average Spread for Q4 2015 During Non-Peak Trading Hours: 0.6   (rounded up from 0.563)

USD/JPY

  • Average Spread for 2015 During Non-Peak Trading Hours: 0.5  (rounded down from 0.521)
    • Total round trip cost = 0.5 spread + $0.04 + $0.04 commission = $0.13 all in cost per 1K lot
    • Total round trip cost = 0.5 spread + $0.40 + $0.40 commission = $1.30 all in cost per 10K lot
    • Total round trip cost = 0.5 spread + $4.00 + $4.00 commission = $13.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Non-Peak Trading Hours: 0.6  (rounded up from 0.583)
  • Average Spread for Q4 2015 During Non-Peak Trading Hours: 0.5  (rounded down from 0.54)

GBP/USD

  • Average Spread for 2015 During Non-Peak Trading Hours: 1.0  (rounded down from 1.03)
    • Total round trip cost = 1.0 spread + $0.04 + $0.04 commission = $0.18 all in cost per 1K lot
    • Total round trip cost = 1.0 spread + $0.40 + $0.40 commission = $1.80 all in cost per 10K lot
    • Total round trip cost = 1.0 spread + $4.00 + $4.00 commission = $18.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Non-Peak Trading Hours: 1.1  (rounded down from 1.11)
  • Average Spread for Q4 2015 During Non-Peak Trading Hours: 1.1  (rounded up from 1.08)

AUD/USD

  • Average Spread for 2015 During Non-Peak Trading Hours: 0.7  (rounded up from 0.663)
    • Total round trip cost = 0.7 spread + $0.04 + $0.04 commission = $0.15 all in cost per 1K lot
    • Total round trip cost = 0.7 spread + $0.40 + $0.40 commission = $1.50 all in cost per 10K lot
    • Total round trip cost = 0.7 spread + $4.00 + $4.00 commission = $15.00 all in cost per 100K lot
  • Average Spread for Q3 2015 During Non-Peak Trading Hours: 0.7  (rounded down from 0.72)
  • Average Spread for Q4 2015 During Non-Peak Trading Hours: 0.7  (rounded up from 0.673)

PERCENTAGE OF TIME SPREADS WERE LESS THAN .1

EUR/USD

  • Percent of time .1 or less 2015: 8.32%
    • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
    • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
    • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
  • Percent of time .1 or less Q3:  7.12%
  • Percent of time .1 or less Q4:  8.07%

USD/JPY  

  • Percent of time .1 or less 2015: 10.39%
    • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
    • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
    • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
  • Percent of time .1 or less Q3: 7.59%
  • Percent of time .1 or less Q4: 10.47%

GBP/USD  

  • Percent of time .1 or less 2015: 2.75%
    • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
    • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
    • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
  • Percent of time .1 or less Q3: 2.88%
  • Percent of time .1 or less Q4: 2.09%

AUD/USD  

  • Percent of time .1 or less 2015: 5.11%
    • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
    • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
    • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
  • Percent of time .1 or less Q3: 7.15%
  • Percent of time .1 or less Q4: 5.35%

At the heart of FXCM's business is its commitment to offer clients direct market access. FXCM has achieved this with its No Dealing Desk Offering, which the company believes is the fairest way to trade the forex market. The NDD execution model provides traders with transparent buy and sell prices streamed from over a dozen global institutions 24 hours a day, five days a week. In addition to best price, liquidity providers are also ranked by their executable prices, order rejection rate, spreads, quoting prices, and latency. Those that provide the best pricing and execution may receive an increase in orders, whereby poor performers will be moved to the end of the line or completely removed from the platform. By holding our liquidity providers to such high standards, we are able to provide the best possible customer experience. To learn more about FXCM’s liquidity providers click here: https://www.fxcm.com/about/liquidity-providers/ . To learn more about FXCM’s forex pricing click here: https://www.fxcm.com/forex/forex-pricing/.

Disclaimer:

The information provided is historical in nature and does not imply that FXCM maintains a particular capacity or performance level. Past results are not indicative of future performance. The price at which an order is executed does not negate the high level of risk involved with forex trading. Trading could result in losses regardless of the pricing quality of opening or closing transactions. Trading foreign exchange on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.

About FXCM Inc.

FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.

Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.

Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.

Visit www.fxcm.com and follow us on Twitter @FXCM, Facebook FXCM, Google+ FXCM or YouTube FXCM.