What is the opportunity for Price Improvements?
If a better price [than initially offered] becomes available before your trade executes, FXCM will always give you the best available price. When an order fills at a better or more favorable price than the price you request, it is considered a Price Improvement. FXCM recommends opening and closing trades using limit and limit entry orders in most cases. The benefit to these order types is that you are guaranteed to receive your requested price or better without receiving negative slippage. The most likely times to receive positive slippage will be around news releases, during weekend gaps, and generally during fast moving market conditions.