Originally Posted by ExecutiveIncome2You
Yes they really do, would you say FXCM is the biggest, farest reaching Forex broker??
On their web site you can find a statement: "over $365 billion in notional volume is traded each month on trading platforms offered by FXCM" and volume counts in this business. This is number "one" factor for me to chose a broker.
As a consequence: "As a result, we have obtained close banking relationships with some of the world's largest and most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two banks may post wide spreads, or simply avoid quoting any price at all. With so many major banks quoting prices to FXCM, there are competitive spreads, even during market-moving news events.
FXCM does not take a market position—eliminating a major conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. With our No Dealing Desk, however, we fill your orders from the best prices available to us from the banks. While an individual bank may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At FXCM, prices are not subject to manipulation by a broker or a banks dealing desk.
Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to trade. Our trading platform is tested in all market conditions, routinely handling approximately 300,000 trades per day."
No Dealing Desk
• No conflict of interest between broker and trader
• No dealer intervention in trades
• Price providers (Banks) do not see your stops, limits, and entry orders
• Competition reduces the potential for market manipulation by price providers
No Trading Restrictions
• Trade during breaking news
• Place entry orders anywhere—even inside the spread
• Scalp the market
• Rollover transparency—all amounts are displayed in advance
• Receive positive rolls at all margin levels
Offices around the world
• New York, San Francisco, Plano - US
• Hong Kong - China
• London - England
• Paris - France
• Sydney - Australia
• Tokyo - Japan
• Dubai - UAE
I know that this sound like an advertisement for this company, but those just facts that I collected during my search for information about them.