December Issue
What's New in FXCM?
Happy Holidays!
What a year! In 2022, you spoke, we listened. Our enduring goal was to elevate your trading experience. This year, you saw significant improvements to Trading Station Desktop, Mobile and Web. You asked for new trading opportunities and this year you got them: more crypto, more treasury, more commodities. We added dozens of stocks from around the world. And we even won a few awards this year.
For us, 2022 embodied our motto: “Client First, Trader Driven.” Every improvement, every enhancement, every project we took on, put you first. Because without you, we wouldn’t be here. Sure, we get sentimental around the holidays, but 2022 was a big year for FXCM. We’re truly happy you spent it trading with us.
Reminder: Trading is closed on Christmas and New Year’s Day.
NOTE: Trading hours may still subject to change and will be updated accordingly. Be sure to review our holiday trading hours.
Year in Review
It’s been a busy year. We created new trading opportunities, like:
- New Cryptos: Now you can trade Avalanche, Binance Coin, Kusama and more, along with top crypto crosses.
- New Treasury CFDs: Access global interest rate and government bonds markets with our expanded Treasury CFD product line.
- New Commodities: Gasoline, Heating Oil and Live Cattle futures have joined the ranks.
- New Stocks: Trade more than 120 newly added stocks from NYSE, NASDAQ and HKEX.
We also greatly improved your Trading Station experience:
- Bigger, better, faster: Trading Station on all platforms saw new features and performance enhancements. We’ve added new indicators from FXCMApps to our Desktop Platform like SSI Snapshots and 24 Hour Trend Locator and considerably improved searching and discovery functionality to allow you to quickly find instruments and products you are interested in. Our trading system infrastructure now is more resilient, faster, and more scalable to allow us to offer you a wider variety of instruments in the near future. Stay tuned for more upcoming changes very soon!
Top Market Events
A Santa rally will have significant technical ramifications for the stock market. The bear trend of 2022 has effectively pulled back to the 50% retracement level of the previous bull market (measured off the Covid-19 lows of March 2020).
This decline is a significant capital erosion. As a result, portfolio managers will look for signs of value, wanting to pick up bargains. In addition, a Santa rally will complete a reference candle reversal on a long-term perspective, i.e., chart a trough, which may serve as a platform for higher prices.
To this end, we note that the last core PCE print, the Fed's preferred measure of inflation, moderated. If this continues, we may be nearer to the peak of the rate hiking cycle than the current consensus. The median CPI has tapered, suggesting sticky elements may finally be responding. The PPI release shows that commodity prices are also starting to relent. However, wage inflation, food prices and the service sector still show inflationary pressures.
In the Spotlight
EUR/USD
This currency pair will benefit if the market starts moving money out of the dollar haven, looking for riskier instruments.
GOLD
The precious metal is showing favourable signs. It has moved into bullish territory on our indicators. As long as these maintain, XAUUSD will benefit from capital rotation.
SPX500
The SPX500 will be a natural beneficiary if portfolio managers go bargain-hunting for cheap stocks.
Last Chance to Earn 1.2x Rebates
Our Thankful Month Active Trader Rebate promotion ends on 31 December. That means you have just a few days left to enjoy the upgraded rebate program. We added a new tier, so you can enjoy rebates as long as you meet a notional volume of 5 million in a month. An extra 20% bonus of usual rebate will be given to you if you meet a notional volume of 200 million in a month.
| Tier* | Notional Volume (in Million) | Rebate (per Million) |
|---|---|---|
| Special Tier | $5 to < $10 | $2.5 |
| Tier 1 | $10 to < $25 | $5 |
| Tier 2 | $25 to < $75 | $10 |
| Tier 3 | $75 to < $200 | $15 |
| Tier 4 | $200 to < $400 | $24 Extra 20% |
| Tier 5 | $400 and over | $30 Extra 20% |
*The rebate structure applies to forex, shares, commodities, cryptocurrencies and baskets. To see more details of the full ATG program structure, please visit Active Trader page.
If you haven’t signed up for the program and are an active trader, sign up now.
Stellar Service Delivered
Take a look at the client service response times across the FXCM Group in the month of November.
Source: FXCM Service data, review period: November 2022.
1 minute and 20 seconds
Average time to answer your call.
2.21 seconds
Average wait time for live chat support.
Top Traded in November
See the top instruments by trading volume during November 2022 across the FXCM Group.
Top 5 across all markets
| SYMBOL | |
| 1 | USD/JPY Spot FX |
| 2 | EUR/USD Spot FX |
| 3 | GBP/USD Spot FX |
| 4 | US30 E-Mini Dow Futures |
| 5 | XAU/USD Spot Gold |
Top 5 Stocks
| SYMBOL | |
| 1 | TSLA.us Tesla Motors Inc. |
| 2 | AAPL.us Apple |
| 3 | GOOG.us Alphabet Inc. - Class C |
| 4 | META.us Meta Platforms Inc. |
| 5 | AMZN.us Amazon.com |
FXCM Group Awards
BEST ZERO COMMISSION BROKER
2022
ADVFN
BROKER OF THE YEAR
2022
Ultimate Fintech Awards
BEST IN CLASS
2022
ForexBrokers.com
BEST FOREX TRADING PLATFORM
2021
Shares Awards
Past Performance: Past Performance is not an indicator of future results.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.