Yes, I wonder too, since they supposedly have the best spreads with the new non-dealing desk model. (NOT)
I have accounts with FXCM, CMC Markets and EFX Group (MB Trading).
CMC is a Dealing Desk (fixed spread) and EFX is an Non-Dealing Desk ECN with commission (they don't take it out of the spread like FXCM)
USD/JPY FXCM 5.5 pips EFX 1 pip plus 1 pip commission
AUD/JPY FXCM 15.0 pips EFX 4 pips plus commission
GBP/JPY FXCM 14.8 pips EFX 6 pips plus commission
commission is $1 per $10,000 lot on the base in USD so it is probably x2 for GBP/JPY
and x 0.9 for AUD/JPY
Doesn't look like FXCM is a true Non-Dealing Desk to me (and I doubt this post will see the light of the NY Open)
Attachment shows screen shot of both trade platforms running together. You may have to zoom to 200% to see it better.
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