FXCM averaged 0.3 pips spread on EURUSD during peak hours in 2015

Today, retail FX giant FXCM Inc (NYSE:FXCM) has announced that during the course of the entire year 2015,

average spread for the EURUSD pair was 0.3 pips during peak trading hours.

The company has produced full data with regard to the average spread for FXCM standard accounts during peak market trading hours as well as non-peak market trading hours, as well as taking into account the percentage of time that spreads were less than 0.1 pip during the course of day, at any time of day.

FXCM refers to a ‘standard account’ as an account whose trades are executed via the firm’s dealing desk rather accouns which are executed on an ‘agency’ basis whereby trades are sent directly to liquidity providers.

The company defines peak trading hours as between 1.00am to 1.00pm EST (Eastern Time, covering New York and most of the East Coast) and the time period which is taken into consideration for this report is the period between January 1, 2015 and December 31, 2015, excluding weekends.

The report covers the statistics for all major pairs, including the total cost of a round trip, commission and average spreads, beginning with EURUSD as follows:

– 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 1,000 lot

– Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10,000 lot

– Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100,000 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)

For the full report, including statistics relating to all major pairs for 2015, click here.

Photograph at FXCM, Manhattan, New York. Copyright FinanceFeeds