FXCM adds forex market depth indicator to Trading Station platform

FXCM adds forex market depth indicator to Trading Station platform

FXCM Trading Station

Leading US forex broker Forex Capital Markets, or FXCM, said on Tuesday it has released a new forex market depth indicator for its in-house trading platform Trading Station. The indicator will enable Trading Station users to view up to five levels of liquidity and depth for 17 of the most traded currency pairs.

The new feature will allow traders to access insights into the liquidity providers pool of FXCM and to see how much volume is available at a given price. This will give them an advantage since, along with showing the volume-weighted average price (VWAP), the indicator’s total percentage bar also shows traders an indication of possible market direction. To take benefit of the new feature, traders must have a Standard account with FXCM with no dealing desk (NDD) execution.

FXCM forex market depth indicator

“FXCM is excited to offer this new indicator as this affirms our deep-rooted commitment in providing transparent solutions to our clients,” said FXCM CEO Drew Niv. “Our team is consistently working to develop new advanced technology and optimize our clients’ trading experience.”

Last week, the US broker announced it has, through its institutional liquidity solution unit FXCM Pro, become a liquidity provider itself to the MetaTrader 5 (MT5) trading platform.

Trading Station is available as a desktop and mobile application, as well as a web-based platform. It provides access to exclusive for FXCM tools, including live news from DailyFX, which is FXCM’s news and analysis service, and Good Till Date, which is a unique order type that lets users execute at specific times, as well as the Real Volume indicators tool, which opens FXCM’s trading book of 200,000 traders around the world. In addition to Trading Station, the broker also supports the industry leader MetaTrader 4 (MT4) and NinjaTrader.

FXCM offers trading in forex, contracts for difference (CFDs), and spread betting services. The broker is a registered futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). It has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France.

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