Being a client of FXCM I just got an e-mail from them saying that they’re going to have even tighter spreads. This is very good news! I use FXCM for two managed accounts but after hearing this news I just may give them a shot for my personal trading as well given that the new spreads are very tantalizing, especially the GBP/JPY spread since I trade that pair often – it’s my favorite pair in fact. By the way, FXCM does not have a dealing desk.
Here are the new spreads:
Currency Pair Typical Spread As Low As
EUR/USD 2.3 0.9
USD/JPY 2.9 0.5
GBP/USD 3.7 0.8
USD/CHF 3.8 1
EUR/CHF 2 0. 1
AUD/USD 3.7 1
USD/CAD 4.8 1
NZD/USD 4 0.8
EUR/GBP 2.4 0.6
EUR/JPY 3.9 0.6
GBP/JPY 5.3 3
CHF/JPY 3.5 1
For the full list go to this link: