Tuesday, February 17, 2009

FXCM now has an ECN

I just found out that FXCM now has an ECN dealing platform option. Here are some details:

  • $25,000 account balance or 10M per month volume
  • Market level depth
  • Commission from $3.5 - $5 per 100k lot. Commission depends on volume
  • Seems like very good spreads

I know a lot of people have had issues with FXCM; however, I think those issues have resulted from scalping. With this platform you could scalp away without issues. I would consider this option down the road.

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