I got this from FXCM this morning, the total volume of micro accounts sounds like fairy to me ...
Dear Client:
Over the years, FXCM has become known for the transparent No Dealing Desk execution we provide to our Standard account holders. When we first launched FXCM Micro, we planned to offer No Dealing Desk execution. However, the banks would not stream prices in micro lots. This was simply unheard of in the foreign exchange industry.
Our FXCM Micro traders have since placed over 30 million trades totaling 200 billion in notional volume, and the banks have changed their minds. As a result, we are preparing to offer No Dealing Desk execution to our Micro clients so you too can enjoy the same execution benefits that Standard account holders currently receive!
Dear Client:
Over the years, FXCM has become known for the transparent No Dealing Desk execution we provide to our Standard account holders. When we first launched FXCM Micro, we planned to offer No Dealing Desk execution. However, the banks would not stream prices in micro lots. This was simply unheard of in the foreign exchange industry.
Our FXCM Micro traders have since placed over 30 million trades totaling 200 billion in notional volume, and the banks have changed their minds. As a result, we are preparing to offer No Dealing Desk execution to our Micro clients so you too can enjoy the same execution benefits that Standard account holders currently receive!