January Issue
What's New in FXCM?
Happy New Year!
We’re excited! The financial markets are promising to be very interesting this year. To start, we’re offering you the opportunity to learn from our experts with our 2023 half yearly report. We extended the upgraded ATG rebate program until 31st January. Take the last chance to join this promotion if you have not.
We’re also excited to bring you more ways to fund your account, so you can focus less on red tape and more on the market. Lastly, we want to share with you the price improvement highlights you may have enjoyed the past year.
Remember: We’re here when you need us. Have a great new year and good luck trading!
Start 2023 Strong | Market Outlook
How will Fed policy affect markets, and what are the charts telling us? With inflation, war, and other global factors at play, we all may need some trading guidance. Get our 2023 half yearly report to learn:
- The best indicators for monitoring inflation
- What futures market to watch for a Fed pivot
- Technical patterns for determining trend directions
- Analysis on stock markets, USDOLLAR, Bitcoin, Oil and Gold
Earn 1.2x Rebates
We extended our Thankful Month Active Trader Rebate promotion until 31 January. Take the last chance to join this promotion today. 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.
Top Market Events
The major US indexes, the Ger30 and the UK100 are all trading in their bullish regions as per our trend indicator. In addition, their underlying momentum is also positive. This is matched by gold, whilst the USDOLLAR is trading in its weak channel with an underlying soft momentum.
Inflation continues to show signs of moderation, with the market now betting on a much less aggressive Fed rate hike of 25 bps for the 1st Feb meeting. The market is expecting a Fed pivot around June. Given the forward-looking nature of markets, risk-on is currently dominating. Markets do not move in a straight line, however given the current sentiment, dips will be attractive.
In the Spotlight
EUR/USD
The weekly trend shows an uptrend. Given the pivot narrative, monitor dips for potential opportunities.
GOLD
There is pressure on FXCM’s USDOLLAR, which runs inverse to gold. If the greenback continues to be stressed, XAUUSD will be an instrument to watch.
NAS100
The NAS100 is a growth index, which is sensitive to interest rates. Given the Fed pivot narrative, the NAS100 is coming back into focus.
Bullish or Bearish, there are potential opportunities ahead.
Easier Ways to Fund
NETELLER and SKRILL return! With NETELLER and SKRILL you can easily connect all your payment options in one place and use them to fund your FXCM account or withdraw your funds. Create your NETELLER or SKRILL account, then log into MYFXCM to start funding your trading account.
Watch for Price Improvements
Slippage Highlights
The more volatile the market, the more chance for price slippage. This means the market can spike favourably through your limit price. Negative slippage can also occur, resulting in a less favourable price. Take a look at our 2022 Slippage Highlights coming from orders that executed through FXCM Group from 1st January, 2022 to 31st December, 2022.^
- Over 84% of orders have zero or positive slippage.
- 56.14% of all orders had NO SLIPPAGE.
- 28.64% of all orders received positive slippage.
- 15.22% of all orders received negative slippage.
- 69.31% of all limit and limit entry orders received positive slippage.
- 54.78% of all stop and stop entry orders received negative slippage.
Stellar Service Delivered
Take a look at the client service response times across the FXCM Group in the month of December.
Source: FXCM Service data, review period: December 2022.
1 minute and 19 seconds
Average time to answer your call.
3 seconds
Average wait time for live chat support.
Top Traded in December
See the top instruments by trading volume during December 2022 across the FXCM Group.
Top 5 across all markets
| SYMBOL | |
| 1 | USD/JPY Spot FX |
| 2 | EUR/USD Spot FX |
| 3 | NAS100 E-Mini Nasdaq 100 Future |
| 4 | GBP/USD Spot FX |
| 5 | US30 E-Mini Dow Futures |
Top 5 Stocks
| SYMBOL | |
| 1 | TSLA.us Tesla Motors Inc. |
| 2 | AAPL.us Apple |
| 3 | META.us Meta Platforms Inc. |
| 4 | AMZN.us Amazon.com |
| 5 | XPEV.us Xpeng Auto |
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
^Data excludes certain types of non-direct clients, which may include clients of certain intermediaries.
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.