FXCM has released spread betting on its improved and faster version of the MetaTrader 4 (MT4) platform. MT4 is one of the most popular platforms used by many brokers around the world. FXCM saw the demand for this platform early on and has added it to its suite of platform offerings now with spread betting functionality. 
With FXCM’s newest MT4 spread bet offering, FXCM has taken the next step to providing what it believes to be the best MT4 trading experience in the marketplace for UK traders. FXCM has added new trading features like micro lots (0.01 trade sizes), max deviation and the ability for MT4 traders to use FXCM’s mobile products so MT4 traders can spread bet anytime and anywhere.
“Last quarter, FXCM eliminated 3rd party bridge software, which, in turn, eliminated auto syncs and sped up order submission and execution on the FXCM MT4 platform,” said Drew Niv, CEO of FXCM. “Adding the ability to spread bet from this improved MT4 platform is an added benefit for our traders residing in the UK and Ireland. Traders who are currently using this platform with other brokers will see a big difference when spread betting on the new FXCM MT4.”
FXCM has seamlessly integrated FXCM’s No Dealing Desk forex execution with the MT4 platform so traders will not only feel a faster trading experience, but will continue to experience no trading restrictions. Additionally, the FXCM MetaTraderplatform allows for all types of traders and expert advisors.
“Spread betting on the MT4 platform is still unique and something only a few firms are offering right now,” said Sameer Bhopale, CMO of FXCM. “Since FXCM strives to be the number one destination for the MT4 community, over the next few months FXCM plans to add even more resources and tools specifically for MT4 traders.”
Founded in 1999, FXCM Inc is a global award winning online provider of foreign exchange (FOREX) trading and related services to retail and institutional customers world-wide. In addition to its trading services, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com. FXCM has operating subsidiaries regulated in a number of jurisdictions, including the United States, the UK , Hong Kong, Japan and Australia.
The company provides its services to approximately 136,000 active private and Institutional customers globally. At the heart of FXCM’s client offering is No Dealing Desk forex trading, which option provides traders with a direct access to some of the best bid and ask prices via multiple bank access. In No Dealing Desk trading here are no requites (when a dealer requotes a worse price if the market is moving in a trader’s favour) and no dealer confirmations. This also means that there are no restrictions on trading. FXCM has a large network of forex liquidity providers ( trading members that commit to provide liquidity in a designated company’s equity) enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts.
Previous upgrades to its recent version of the MT4 platform means seamless integration with their No Dealing Desk forex execution meaning no 3rd party bridges and no auto account syncs. The company’s upgraded version of MT4 offers new features designed to enhance their customers’ trading experience. The new features include:
- Set SL/TP Pre-Execution which creates Set Stop Loss and Take Profit options at each new trade
- 0.01 (Micro) Lots – which allows for more precise lot sizes for tighter risk management
- Partially Close Positions – which helps to control when and how much of a position a customer want to close
- More instruments – Exotic Currency pairs such as:
- USD/ZAR, USD/SGD, USD/HKD, SGD/JPY, USD/TRY, EUR/TRY, USD/RUB, EUR/HUF, USD/HUF
The new version includes the old FXCM features such as:
- No Re-quotes and No Dealer Intervention
- Anonymous forex trading
- No Conflict of interest between broker and client
- Zero trading restrictions – place pending orders even inside the spread
FXCM operates its business through two segments: retail trading and institutional trading. During 2010, the Company’s retail trading segment accounted for 88% of its total revenue. The Company’s institutional trading segment, FXCM Pro, offers FX trading services to banks, hedge funds and other institutional customers on an agency model basis and accounted for 8% of its revenues during 2010. In October 2011, it announced that its subsidiary, FXCM Japan Securities Co., Ltd, acquired Japanese FX broker Foreland Forex Co., Ltd. (Foreland). FXCM’s U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products and allows clients to trade oil, gold, silver and stock indices along with forex on one platform.
FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities, Eagle Award: Best FX Broker – Europe, Falcon Award: High Broker Satisfaction – Oceania, Americas, Africa, Global FX Broker – Overall.
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Hayden Richards is the Associate Publisher, Chief Operations Officer and Co-founder of IntelligentHQ. He specialises in finance, trading, investment, and technology, with expertise in both buy-side, sell-side. Contributing and advising various global corporations, Hayden is a thought leader, researching on global regulatory subjects, digital, social media strategies and new trends for Businesses, Capital Markets and Financial Services.
