Placing a market order is quick and efficient. Simply click on the price where you would like to buy/sell the currency pair. This will bring up a market order box and once you click on OK, FXCM will make best efforts to fill your trade at the price requested.

2 scenarios can occur when a market order is placed:

1) Market Range: If an order cannot be executed within the price range specified by the client, the order will not be executed. The default setting for “Market Range” is zero. By keeping this setting, you are stating that if the price you click on is not available, you don’t want to get filled; you will only get filled at the price range you click on. Advantage = Price Certainty
2) “At Best”: If you select this option, your entire order will be filled at the best available rate. This could be at the rate you click on, or a substantial number of pips away. Essentially, your complete order will be quickly filled, but there is no certainty of the price. The rate is determined by prices provided to FXCM by the multiple banks and financial institutions. Advantage = Execution Certainty

• Rapid order execution
• Fast trade confirmation
• Real-Time P/L tracking

Trade confirmations are fast. In the open positions window you will find all the information you need regarding your open trade including the open price and real-time profit/ loss on the position in both pips and dollar terms.

Stop and limit orders can be placed on open orders by simply clicking on the stop/limit column on the open ticket. These orders can be modified or cancelled at any time. Traders also have the option of setting a trailing stop-loss order that will electronically adjust itself as the market rate moves in the direction of your open position. The trailing stop feature allows traders to lock in profits without having to monitor the market.

• Rapid execution of stop/limit orders
• Trailing Stops feature

All account information is updated on a tick-by-tick basis giving traders a complete view of their account activity. Traders have the ability to select the degree of leverage they wish to use.* Margin requirements are fixed for both intra-day trading and for positions held overnight.

Based on each trader’s margin requirement, the FXCM Trading Station will calculate in real time both the funds needed to maintain current positions (Used Margin) and the funds available for taking new positions (Usable margin). If the equity in the account drops below the margin required maintaining the open positions, a margin call will occur and some or all open positions may be closed by the dealing desk at the market price.

* Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

Clients can generate detailed account statements on demand from the FX Trading Station. The reports can contain up-to-the-second account information or be customized to reflect activity between any two given dates. These reports are comprehensive and include the details of each specific trade. In order to receive a hard copy record, the client simply clicks on the print function.

• 24-hour access
• Detailed information on every trade
• Select time parameters
• 3 possible formats: HTML, Microsoft Excel, and Adobe PDF