FXCM Reports Spread Data for 2015 

EUR/USD Spread Averaged 0.3 during Peak Trading Hours in 2015
EUR/USD Spread .1 or less 8.32% in 2015

FXCM Inc. (NYSE:FXCM) (“FXCM” or “the Company”), a leading online provider of foreign exchange (FX) trading and related services, today reported its worldwide average spread data on a few of its top currency pairs.

The data was compiled using the average spread for FXCM standard accounts¹ during peak market trading hours² as well as non-peak trading hours³. FXCM also looked at the percentage of time spreads were .1 pip or less, at any time of the day.

1 – An FXCM Standard Account using FXCM’s no dealing desk execution. FXCM’s Standard Account offers a transparent pricing model, made up of low, competitive commissions and super-tight spreads. An FXCM client trades on the direct quotes FXCM receives from its liquidity providers with no hidden markups, with transparent commissions⁴ which start as low as $0.40 per 10k lot. In instances where clients use additional services, markups may be applied. The Standard account has a $2,000 open account minimum.

2- Peak trading hours defined as 1am EST — 1pm EST from January 1, 2015 to December 31, 2015, excluding weekends.

3- Non-Peak trading hours defined as 1pm EST — 1am EST from January 1, 2015 to December 31, 2015, excluding weekends.

4- Commissions shown in trade cost calculations represent accounts with a base currency of USD and are for most standard account holders. However, FXCM does offer discounted commissions at various levels for high-volume traders trading over $50 million in notional volume monthly or with account balances of over $25K.

Average Spread During Peak Trading Hours: (1am EST — 1pm EST from January 1, 2015 to December 31, 2015, excluding weekends)

EUR/USD*

• Average Spread for 2015 During Peak Trading Hours: 0.3  (rounded up from 0.292)
  • Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
  • Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
  • Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Peak Trading Hours: 0.3  (rounded up from 0.287)
• Average Spread for Q4 2015 During Peak Trading Hours: 0.3  (rounded up from 0.28) 

*75% of EUR/USD orders and volume in 2015 across all FXCM entities were traded during Peak Trading Hours.

USD/JPY

• Average Spread for 2015 During Peak Trading Hours: 0.3  (rounded up from 0.264)
  • Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
  • Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
  • Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Peak Trading Hours: 0.3  (rounded up from 0.263)
• Average Spread for Q4 2015 During Peak Trading Hours: 0.2  (rounded down from 0.24) 

GBP/USD

• Average Spread for 2015 During Peak Trading Hours: 0.5  (rounded up from 0.458)
  • Total round trip cost = 0.5 spread + $0.04 + $0.04 commission = $0.13 all in cost per 1K lot
  • Total round trip cost = 0.5 spread + $0.40 + $0.40 commission = $1.30 all in cost per 10K lot
  • Total round trip cost = 0.5 spread + $4.00 + $4.00 commission = $13.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Peak Trading Hours: 0.5  (rounded up from 0.45)
• Average Spread for Q4 2015 During Peak Trading Hours: 0.5  (rounded up from 0.46) 

AUD/USD

• Average Spread for 2015 During Peak Trading Hours: 0.3  (rounded down from 0.347)
  • Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
  • Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
  • Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Peak Trading Hours: 0.3  (rounded down from 0.307)
• Average Spread for Q4 2015 During Peak Trading Hours: 0.3  (rounded down from 0.33) 

Average Spread during Non-Peak Trading Hours: (1pm EST — 1am EST from January 1, 2015 to December 31, 2015, excluding weekends)

EUR/USD

• Average Spread for 2015 During Non-Peak Trading Hours: 0.6  (rounded up from 0.553)
  • Total round trip cost = 0.6 spread + $0.04 + $0.04 commission = $0.14 all in cost per 1K lot
  • Total round trip cost = 0.6 spread + $0.40 + $0.40 commission = $1.40 all in cost per 10K lot
  • Total round trip cost = 0.6 spread + $4.00 + $4.00 commission = $14.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Non-Peak Trading Hours: 0.6   (rounded down from 0.63)
• Average Spread for Q4 2015 During Non-Peak Trading Hours: 0.6   (rounded up from 0.563) 

USD/JPY

• Average Spread for 2015 During Non-Peak Trading Hours: 0.5  (rounded down from 0.521)
  • Total round trip cost = 0.5 spread + $0.04 + $0.04 commission = $0.13 all in cost per 1K lot
  • Total round trip cost = 0.5 spread + $0.40 + $0.40 commission = $1.30 all in cost per 10K lot
  • Total round trip cost = 0.5 spread + $4.00 + $4.00 commission = $13.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Non-Peak Trading Hours: 0.6  (rounded up from 0.583)
• Average Spread for Q4 2015 During Non-Peak Trading Hours: 0.5  (rounded down from 0.54) 

GBP/USD

• Average Spread for 2015 During Non-Peak Trading Hours: 1.0  (rounded down from 1.03)
  • Total round trip cost = 1.0 spread + $0.04 + $0.04 commission = $0.18 all in cost per 1K lot
  • Total round trip cost = 1.0 spread + $0.40 + $0.40 commission = $1.80 all in cost per 10K lot
  • Total round trip cost = 1.0 spread + $4.00 + $4.00 commission = $18.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Non-Peak Trading Hours: 1.1  (rounded down from 1.11)
• Average Spread for Q4 2015 During Non-Peak Trading Hours: 1.1  (rounded up from 1.08) 

AUD/USD

• Average Spread for 2015 During Non-Peak Trading Hours: 0.7  (rounded up from 0.663)
  • Total round trip cost = 0.7 spread + $0.04 + $0.04 commission = $0.15 all in cost per 1K lot
  • Total round trip cost = 0.7 spread + $0.40 + $0.40 commission = $1.50 all in cost per 10K lot
  • Total round trip cost = 0.7 spread + $4.00 + $4.00 commission = $15.00 all in cost per 100K lot
• Average Spread for Q3 2015 During Non-Peak Trading Hours: 0.7  (rounded down from 0.72)
• Average Spread for Q4 2015 During Non-Peak Trading Hours: 0.7  (rounded up from 0.673) 

PERCENTAGE OF TIME SPREADS WERE LESS THAN .1

EUR/USD

• Percent of time .1 or less 2015: 8.32%
  • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
  • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
  • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
• Percent of time .1 or less Q3:  7.12%
• Percent of time .1 or less Q4:  8.07% 

USD/JPY

• Percent of time .1 or less 2015: 10.39%
  • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
  • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
  • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
• Percent of time .1 or less Q3: 7.59%
• Percent of time .1 or less Q4: 10.47% 

GBP/USD

• Percent of time .1 or less 2015: 2.75%
  • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
  • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
  • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
• Percent of time .1 or less Q3: 2.88%
• Percent of time .1 or less Q4: 2.09% 

AUD/USD

• Percent of time .1 or less 2015: 5.11%
  • Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
  • Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
  • Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
• Percent of time .1 or less Q3: 7.15%
• Percent of time .1 or less Q4: 5.35%

Source: FXCM

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