Product in the Spotlight: New FXCM Active Trader Platform; Retail Platform Shows Market Depth
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DiggFXstreet.com will host a live presentation with open Q&A featuring Brandon Mulvihill of FXCM, who will walk traders through what FXCM views as one of the most cutting-edge forex trading platforms on the market today, FXCM Active Trader. This one-time only event will take place on April 16th 2009 at 14 GMT / 10:00 am EDT on FXstreet.com homepage: www.fxstreet.com. Registration details below.
FXCM has reinvented its No Dealing Desk execution model in launching FXCM’s Active Trader platform. As a one-of-a-kind forex trading platform, Active Trader displays an ECN type view of total liquidity available through the platform, providing two major advantages:
. Transparency in Execution: Before trading, you should know the exact price at which a market order can be filled based on available liquidity.
. Short-Term Market Direction Indicator: If the amount of liquidity is heavily tilted towards either the bid or ask side, then this will indicate that short-term prices may be moving towards the side with less liquidity.
Key Features:
. 5 Level Display of Market Depth
. View of the Liquidity Available at Each Price Level
. Low Spreads― EUR/JPY typically less than 1 pip.†
. Web-Based Trading. No Downloading
. One-Click Trading
. Preset Stops and Limits
Sign up now, to be a part of this live and interactive presentation: http://blogs.fxstreet.com/francesc/2009/04/06/live-press-conference-introducing-active-trader/
FXCM Active Trader is an agency / external execution platform, † with commissions determined by trading volume. Opening an account on the FXCM Active Trader platform requires a minimum deposit of $25,000, or a history of executing at least $10M in notional trading volume per month. There is a small commission charge that starts at $10 per 100,000 units round turn trade and decreases based on volume. Spreads are typically 1 pip less than with an FXCM Standard account, resulting in much lower transaction costs. To see a cost comparison, click here.
For more information, read our latest forex news.
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