FXCM Inc. (NYSE:FXCM), a global online provider of forex trading, Contract for Difference (CFD), and related services, released historical data on the lowest average spreads for the most popular currency pairs, exclusively on Standard and Active Trader accounts, featuring No Dealing Desk Execution.
Traders now have access to the 2015 Historical Spreads Report, and the FXCM Historical Data Downloader that allows clients to import historical prices from FXCM servers and back-test strategies with up to 10 years of data.
2015 Forex Spreads Highlights
- In 2015, the average EUR/USD spread for Standard Accounts with No Dealing Desk execution was 0.3 pips during peak hours: 1 am to 1 pm EST
- Seventy five percent of EUR/USD volume occurred during peak hours
- The average cost to trade EUR/USD (assuming a 1K trade) was only 11¢
| SPREAD* | TOTAL TIME SPREAD < 0.1 |
TOTAL TRADING COST* | |||||||||
| PEAK | NON-PEAK | PEAK | NON-PEAK | ||||||||
| EUR/USD | 0.3 | 0.6 | 8.32 | % | $ | 0.11 | $ | 0.14 | |||
| USD/JPY | 0.3 | 0.5 | 10.39 | % | $ | 0.11 | $ | 0.13 | |||
| GBP/USD | 0.5 | 1 | 2.75 | % | $ | 0.13 | $ | 0.18 | |||
| AUD/USD | 0.3 | 0.7 | 5.11 | % | $ | 0.11 | $ | 0.15 | |||
Read the 2015 Highlights and Full Report: https://www.fxcm.com/advantages/forex-execution/historical-spreads/
*Peak Trading hours defined as 6 am to 6 pm GMT from 1 January 2015 to 31 December 2015, excluding weekends
*Non-Peak Trading hours defined as 6 pm to 6 am GMT from 1 January 2015 to 31 December 2015, excluding weekends
Furthermore, algorithmic and high-frequency traders also have access to FXCM’s API technology solutions suite — FIX, Java, ForexConnect, and Indicore — to connect their trading software directly to FXCM’s price and order servers.