FXCM's No Dealing Desk & Dealing Desk

Access the market
in two ways.Trade with our acclaimed No Dealing Desk or try our
dealing desk execution. The CHOICE is yours.

FXCM has two types of forex execution: No Dealing Desk (NDD) and dealing desk. The execution you choose impacts your trading experience and spreads. FXCM recommends NDD execution as it provides the best overall trading experience. Dealing desk execution provides lower spreads for twelve of FXCM's most popularly traded currency pairs, however trading restrictions apply.

The table below is intended to help you determine which forex execution is best for you.

	RECOMMENDED NO DEALING DESK	DEALING DESK
GENERAL
Maximum Balance	None	$50,000
Maximum Trade Size	50 Million	2 Million
Price Feed	NDD	Dealing Desk
Spreads	EUR/USD 2.6 pips View All	EUR/USD 1.6 pips View All
ORDER EXECUTION
Re-Quote Orders	No FXCM does not re-quote orders or manipulate market prices.	No FXCM does not re-quote orders or manipulate market prices.
Conflict of Interest	No FXCM cannot profit from the trading losses of its clients.	Yes FXCM can profit from the trading losses of its clients.
Best Bid/Ask	Yes All orders execute at the best bid/best ask prices from FXCM's No Dealing Desk price feed.	Yes All orders execute at the best bid/best ask prices from FXCM's No Dealing Desk price feed.
Anonymous Orders	Yes Market makers (FXCM's liquidity providers) cannot see your stop, limit and entry orders.	No The market maker (FXCM) can see your stop, limit and entry orders, but FXCM does not re-quote orders or manipulate prices.
Partial Fills	Yes Orders can be broken up and filled at multiple prices.	No Orders fill at a single price.
STRATEGIES
Scalping	Yes Scalp the market with no restrictions.	Yes Scalping is allowed, but FXCM reserves the right to manage its risk by changing your execution type.
News Trading	Yes Trade news events with no restrictions.	Yes News trading is allowed, but FXCM reserves the right to manage its risk by changing your execution type.
Automation (e.g. EAs)	Yes Automate your trading with no restrictions. Use any EA.	Yes Automated trading is allowed, but FXCM reserves the right to manage its risk by changing your execution type.
API Trading	Yes Trade with APIs and no restrictions.	No API trading is not allowed. FXCM APIs do not operate with dealing desk forex execution.