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NEW YORK, June 20, 2017 -- FXCM Group, LLC ("FXCM Group" or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, has released updated spread data for the first quarter of 2017.
In Q1 of 2017, EUR/USD and USD/JPY had an average spread of 0.2 and 0.4 pips respectively and a trading cost of $0.10 and $0.12 respectively during peak hours; 70% of EUR/USD and 61% of USD/JPY volume occurred during peak hours. Click for Full Report
Traders now have access to the Q1 2017 Spread Data Report and can always utilize 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.
Q1 2017 Forex Spreads Highlights
- In Q1 2017, the average EUR/USD spread for Standard Accounts with No Dealing Desk execution was 0.2 pips during peak hours: 6 am to 6 pm GMT.
- Spreads on EUR/USD were less than or equal to 0.1 pips 18.36% of the time.
- The average cost to trade EUR/USD (assuming a 1K trade) was only $0.10 during peak trading hours.
| INSTRUMENT | AVERAGE SPREAD (Jan 2017) | AVERAGE SPREAD (Feb 2017) | AVERAGE SPREAD (March 2017) | AVERAGE TOTAL COST (2017) | Spread <= 0.1 pips (2017) | |||||||
| Peak | Non‐ Peak | Peak | Non‐Peak | Peak | Non‐Peak | Peak | Non‐Peak | |||||
| EUR/USD | 0.3 | 0.7 | 0.2 | 0.5 | 0.2 | 0.4 | $ | 0.10 | $ | 0.13 | 18.36 | % |
| USD/JPY | 0.5 | 0.8 | 0.4 | 0.7 | 0.3 | 0.6 | $ | 0.12 | $ | 0.14 | 5.78 | % |
| AUD/USD | 0.6 | 0.9 | 0.4 | 0.7 | 0.3 | 0.6 | $ | 0.16 | $ | 0.19 | 4.29 | % |
| GBP/USD | 1.1 | 1.5 | 0.7 | 1.2 | 0.6 | 1.1 | $ | 0.16 | $ | 0.20 | 1.23 | % |
Q1 2017 CFD Spreads Highlights
- In Q1 2017, the average GER30 spread for Standard Accounts was 0.78 pips during peak hours: 6 am to 6 pm GMT.
- The average cost to trade GER30 (assuming a 1K trade) was only $ 0.09 during peak trading hours.
| INSTRUMENT | AVERAGE SPREAD (Jan 2017) | AVERAGE SPREAD (Feb 2017) | AVERAGE SPREAD (March 2017) | AVERAGE TOTAL COST (2017) | ||||||||
| Peak | Non‐ Peak | Peak | Non‐ Peak | Peak | Non‐Peak | Peak | Non‐Peak | |||||
| GER30 | 0.8 | 0.9 | 0.7 | 0.9 | 0.8 | 0.9 | $ | 0.09 | $ | 0.10 | ||
| SPX500 | 5 | 5 | 5 | 5 | 5 | 5 | $ | 0.50 | $ | 0.50 | ||
| US30 | 2 | 2 | 2 | 2 | 2.2 | 2.3 | $ | 0.21 | $ | 0.21 | ||
| USOil | 5 | 5 | 5 | 5 | 5 | 5 | $ | 0.50 | $ | 0.50 | ||
| XAU/USD | 44 | 44 | 43 | 43 | 39 | 39 | $ | 0.41 | $ | 0.43 | ||
*Peak Trading hours defined as 6 am to 6 pm GMT from 1 January 2017 to 31 March 2017, excluding weekends
*Non-Peak Trading hours defined as 6 pm to 6 am GMT from 1 January 2017 to 31 March 2017, excluding weekends
Cost on the above charts was calculated in USD$. Additional reports calculated using Euros, Pounds, and Australian Dollars are also available.
For more information on FXCM's historical spreads, and to open a live account, traders can contact an FXCM specialist at [email protected] or call +44 (0)207398 4050.
About FXCM Group, LLC.
FXCM Group is a holding company of Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively "FXCM"].
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. The company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.
Jaclyn Sales, 646-432-2463 Vice-President, Corporate Communications [email protected]
