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Friday, October 30, 2009
Cash back offer from FXCM US, FXCM UK and FxOpen by Bhrat Brij
If you are a resident in the UK/US and are interested in Forex trading it is a given that you are interested in getting to know more about the company, which can offer you really good deals in Forex market. This is a company known as FXCM UK whereas this company provides its services in US also in name of FXCM US .Not only can you take advantage of their expert financial advisors in investing your money in the foreign exchange market, but also, you can go in for spread betting. This is used on trading combinations of different currencies on the foreign exchange market. It also means that you are going to save on tax benefits, by opening up a spread account, which is about the same as the Forex account with this company. An account can be started with an amount as low as 300 GB with FXCM UK and as low as USD 200 with FXCM US. One of the advantages of opening up a Forex account with these companies or FxOpen is that your bet is going to be hedged on one-to-one basis. That is because the trading is done by the people in the company, so that you can get complete advantage of all accrued profits. That is because the FXCM UK Company is going to take a long-term trading and corresponding positions for any sort of currency combinations, which are being traded in, by their clients. It means that when you are trading in some particular trading combination, they are going to do the same. So, they are also going to make the same kind of profit that you are going to make on your currency trading deals. This company has A Execution policy of No Dealing Desk. It means that the moment an order is placed with FXCM UK, the position of the client is executed as soon as the company establishes its hedged bet. So you would have to worry about any sort of re-quotes, in the market, once your order has been placed and filled. The idea of requiting is done for just one purpose -- to make sure that the market makers can get the most profits, often at the expense of the client. Some market-making agencies, as well as firms like FxOpen and FXCM US in Forex market are capable of providing you with a re-quote, when they find that they have no chance of making any sort of money on the trade order you have just placed with them. They do not bother about the real market price at the moment. This may be considered a profitable way of doing business, but this is definitely not done by FXCM UK and FXCM US
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