FXCM Moving Towards Smaller Pip Size On Stock, Index and Some Commodity CFDs

By Lawrence

It is great news that FXCM is going to offer reduce pip size as of Feb 28th, 2014!

Starting Feb 28th, the per pip profit/loss will be reduced to 1/10th of the size before. It can enable much more efficient position sizing for smaller accounts. Traders with limited capital can now trade these products without worrying that they are risking too much on a single position.

Things just get better in 2014.

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Comments
  • MidKnight February 17, 2014 at 8:12 pm

    This is huge and starts to make scalping potential maybe more viable. Hopefully lower spreads will follow and since FXCM is the largest retail FX broker, I suspect the competition will be forced to follow.

    • Lawrence Chan February 26, 2014 at 6:04 pm

      I have seen at least 1 other major firms also moving in this direction to attract more customers.

      It looks like a direct response to CME’s proposed micro lots in various other instruments.

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