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Old 03-18-2008, 02:52 PM
khan khan is offline
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Join Date: Feb 2008
Posts: 121
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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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