Demo Account Guide Demo Account Guide
R

Is Fxcm Still Safe?


Tiaoqui Cerezo

Jan 4 2020 03:04

Is FXCM still safe for a beginner?


Anya Watson

Jan 5 2020 03:17

Hi Tiaoqui Cerezo,
Before you do a deposit on a broker, make sure the broker has the trusted regulations. Another characteristic is when unwanted things happen (such as going out of business), the broker provides insurance funds. Regarding the FXCM, this broker is regulated and providing insurance funds.


Gabriel Olson

Jan 8 2020 03:21

I have read some news about this broke, that FXCM is kicked out from the US and the licensed has repealed. Is it still OK?


Daniel Robson

Jan 9 2020 03:22

Hi Gabriel Olson,
FXCM is still one of the world's major retail brokers. The problems experienced by FXCM US have been resolved lately and FXCM US has been bought out by Gain Capital which is also a major retail broker. All FXCM US clients have been transferred to Gain Capital. FXCM outside the USA is not affected by this problem.

Even if FXCM US goes bankrupt or bankrupt, the regulators (CFTC and NFA) will also guarantee client funds as happened to Alpari UK when it hit SNBomb in January 2015. Your funds will be guaranteed if you trade at a broker that is regulated by a credible regulatory body such as the CFTC, NFA, FCA UK etc.


Tiaoqui Cerezo

Jan 11 2020 03:23

Hi Anya And Daniel,
thanks for your information, I will try a demo account first, then I will open a real account.


Anya Watson

Jan 13 2020 03:24

Ok, good luck :)