FXCM Group Reports Competitive Bitcoin CFD Pricing among Top Competitors
Average Spread in October was 32 Points*
LONDON, SYDNEY, Australia and JOHANNESBURG, South Africa , Nov. 07, 2018 (GLOBE NEWSWIRE) -- FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, bitcoin and related services, today released spread data for its newly launched Bitcoin CFD (BTC/USD).
Brendan Callan, CEO of FXCM Group noted, “As previously announced, we have continued to work with our Liquidity Providers to lower our Bitcoin CFD spreads to be some of the most competitive in our space. We’ve been able to do this over the course of the past few weeks and we wanted to take the time to highlight them. The average spread for FXCM’s bitcoin CFD during the month of October was 32 points.* I would encourage traders to take a look at FXCM’s bitcoin CFD and to compare our spreads and execution, I think they will be impressed.”
The benefits of trading FXCM’s Bitcoin CFD include directional trading, for long or short positions, no crypto wallet or cold storage so traders don’t have to worry about physical delivery and can see profits and losses credited or debited directly to their account, as well as micro lots as a lower cost of entry.
Spreads on 7 November, 2018 during peak Trading Hours1
FXCM2 CMC3 Plus5004 Forex.com5 IG6 ------ ----- ---- -------- ---------- --- Spread 29 50 47 70 50 ------ ----- ---- -------- ---------- ---
The table is for comparative purposes only and does not indicate any future performance levels.
FXCM Bitcoin CFD Daily Average Spread1
Date Daily Average Spread 10/1/2018 44.64 10/2/2018 43.87 10/3/2018 39.02 10/4/2018 33.08 10/5/2018 30.37 10/8/2018 30.93 10/9/2018 29.2 10/10/2018 32.59 10/11/2018 30.59 10/12/2018 30.92 10/15/2018 33 10/16/2018 33.71 10/17/2018 29.91 10/18/2018 29.46 10/19/2018 27.98 10/22/2018 28.37 10/23/2018 30.53 10/24/2018 28.36 10/25/2018 29.5 10/26/2018 29.42 10/29/2018 28.81 10/30/2018 28.2 10/31/2018 29.56 ---------------------- -------------------- October Average Spread 31.83
For more information and to open a live account to trade Bitcoin with FXCM, traders can contact an FXCM specialist 24 hours a day 5 days a week.
*Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from October 1, 2018 to October 31, 2018.Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.1Peak Trading hours are defined as 6am to 6pm GMT on November 7, 2018.2 FXCM has variable spreads that will widen and narrow subject to market conditions. Spread data is based on information published on https://www.fxcm.com/uk/bitcoin/ on November 7, 2018. 3 CMC Markets has a fixed minimum spread of 50 as published on https://www.cmcmarkets.com/en-gb/ on November 7, 2018. 4 Plus500 has a fixed spread of 47 as published on https://www.plus500.com/Instruments/BTCUSD on November 7, 2018. 5 Forex.com has a fixed spread of 70 as published on https://www.forex.com/en/markets/bitcoin-trading on November 7, 2018. 6 IG has a fixed spread of 50 as published on https://www.ig.com/uk/bitcoin-btc on November 7, 2018.
About FXCM: FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, 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. FXCM is a Leucadia Company.
Trading Forex/CFD’s on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with Forex Capital Markets Limited (“FXCM LTD”), retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action. Read full disclaimer.
Jaclyn Sales, 646-432-2463Vice-President, Corporate Communications email@example.com