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Pharaoh
Brigadier General
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- 20,308
If you want, send a message to Jason Rogers and ask him to come and explain how FXCM handles major holidays.
Jason Rogers
FXCM Representative
- Messages
- 517
Hi Paul,
The reason FXCM's trading desk closes for Christmas and New Year's is because liquidity is extremely low at those times and doing otherwise could lead to erratic pricing and poor fills on your orders.
I can't speak for other brokers, but FXCM provides traders with No Dealing Desk (NDD) forex execution on all standard accounts (2k minimum opening balance) where each client order is offset one-for-one with the best prices from competing liquidity providers. (We also offer a DD execution option for mini account traders who can open their accounts with as little as $50.)
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