TRADING NEWS
FXCM ENHANCES NO DEALING DESK EXECUTION
This summer, FXCM has enhanced its no dealing desk execution service by adding a price improvement service. If a better price becomes available before a limit order is executed, then clients will automatically receive the best available price. Execution-only brokers are increasingly offering no dealing desk technology, which gives traders tighter spreads, removes restrictions on size and markets and any conflicts of interest between trader and broker.
GFT’S BONUS FOR NEW ACCOUNTS
Wannabe traders only have until 15 September to take advantage of GFT’s bonus offer for new accounts. The spread betting, CFDs and forex provider promises to match 5 per cent on all initial deposits up to £60,000. To qualify, you will need to make a certain number of round-turn trades (opening and closing of a position) within 60 days of opening the account. For example, if you deposited £20,000, then your bonus would be £1,000. The number of round trades you would need to make is equal to 10 per cent of the bonus – ie, 100 trades.