What's New in FXCM?
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.
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
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.
SIGN UP NOW
Terms and Conditions Apply
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.
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 Stocks
Tesla Motors Inc.
Alphabet Inc. - Class C
Meta Platforms Inc.
FXCM Group 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.