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EMPfx: Open a Forex Trading Account, 1 Pip Fixed Spread

FXCM > Why FXCM?

Why FXCM?

SUPERIOR TRADE EXECUTION  
FXCM spreads can vary under normal market conditions.
Other brokers claim to offer 3 pip spreads yet widen the spreads up to 10 pips (and more). This frequently occurs during fast moving markets, or thinly traded markets such as the Asian trading session. Even worse is the fact that most brokers only honor their prices when the trader is wrong, and almost never when prices are moving in his/her favor. FXCM's Dealing Desk platform spreads are typically 3-5 pips although these spreads may vary depending on market conditions.

FXCM will make best efforts to fill your trade at the price requested.

Other brokers claim to guarantee fills on stop orders but if you check the fine print they only back this claim for small trade sizes during normal market conditions. Many brokers routinely execute stops 5 to 15 pips away from the stop price.

FXCM quotes aggressively at all times, giving traders a fair chance to TRADE during MARKET NEWS.

Other brokers do not allow you to trade on big market making news -- they freeze their prices or widen their spreads when the market is volatile. 80% of FX volume occurs during the busiest times, thus, it defeats the purpose of tight spreads to have them only during “normal” market conditions.

ESTABLISHED INDUSTRY LEADER
A Proven Track Record of Reliability and Success
FXCM is one of the largest Forex Dealer Members (according to the financial data posted on the CFTC website). In addition, FXCM has been awarded Best Retail Platform by FX Week in 2004, and also recognized as Best Currency Broker by both Shares and T2W Member Choice Awards in 2004, and also Best FX Specialist by Stocks & Commodities in 2002, 2003, and 2004.

Company Profile
FXCM is one of the largest Forex Dealer Members (according to the financial data posted on the CFTC website). With substantial operations around the world, the FXCM Group has serviced over 78,000 accounts to date and in addition, services over 400 institutional clients from more than 80 countries. FXCM has a proven track record of reliability and success with over 1,500,000 trades executed each month via the FX Trading Station.

*According to the financial information posted by the CFTC at http://www.cftc.gov/tm/tmfcm.htm.

Regulation
FXCM is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). As a vocal advocate of foreign exchange regulation and increased investor protection, FXCM is proud to become one of the first foreign exchange firms to register as an FCM following the passage of the Commodity Modernization Act in December 2000.
 
24/7 Support Network
FXCM employs over 500+ salaried and dedicated FX Professionals with expertise in fields including charts, technical analysis and the fundamentals of trading FX. All employees are salaried, and there are no commission brokers on staff.
Other brokers employ commission based salesman that use hard sales tactics and gimmicks to lure in new accounts. We have product specialists to help you choose from over a dozen different and independent charting options and navigate through the hundreds of web based resources available for FX traders on the internet.

FXCM runs 24-hour live support. You can always reach a real person with expertise in dealing, sales, technical support and operations -- even on weekends.
Most brokers claim to provide 24-hour support, but actually only run a skeleton crew that is unable to resolve major problems outside regular business hours. FXCM is the only firm with a large in house trader education division as well as support in 15 languages.

Affiliate headquarters in New York, Tokyo, London and Hong Kong create a global infrastructure allowing FXCM to provide exceptional service to traders around the world.

New York (Headquarters): Sales, operations, dealing, and research run on a 24-hour basis to enable quick solutions for clients around the world.

Hong Kong: 24-hour sales and customer support in Mandarin, Cantonese and English, a Chinese language research department and a fully staffed 24-hour dealing room.

Tokyo: 24-hour sales and customer support and a Japanese language research department.

London: Sales, operations and customer support during London business hours.