FXCM is a well-established broker since 1999. FXCM has headquarter in Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States. They are generally well-suited for FXCM to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by ASIC 309763, CONSOB (Italy) 76, DMCC (Dubai) 31171, FCA (UK) 217689, ISA (Israel) 2 and SFC (Hong Kong) AIM232. Simple yet detailed information upon this broker can be seen below.
Company Information
Website
www.fxcm.com
Established
1999
Country
Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States
Regulation
ASIC 309763
CONSOB (Italy) 76
DMCC (Dubai) 31171
FCA (UK) 217689
ISA (Israel) 2
SFC (Hong Kong) AIM232
Features
Interest rate on funds
Free education
Trading by telephone
PAMM accounts
LAMM accounts
Segregated accounts
Managed accounts
Requires sending documents via postal mail
Vps
Account Information
This broker offers Active Trader, Standard, Mini, Standard (FXCM Markets) and Premium (FXCM Markets). To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXCM is up to 1:400. Meanwhile, you can open an account with a starting capital of $1
If you want to look for further information about this broker's offered account(s), please take a look at the list below.
Minimum Deposit
$1
Maximum Leverage
1:400
Spread
Variable and Fixed
Commission
$4
Minimum Deposit $25000
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
Hedging
Trailing stop
Pending orders
One-click trading
Browser-based platform
Trading via API
Instruments Traded
Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex and Spread betting for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Forex
1:50
Spread betting
Minimum Deposit $5000
Minimum Position 0.01 lot
Spread Fixed
Scalping
Expert Advisors
Hedging
Pending orders
Automated trading
Instruments Traded
Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Indexes, Agriculture, Spread betting and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Forex
1:50
Gold & silver
1:50
CFD
1:50
Oil
1:50
Indexes
1:400
Agriculture
1:10
Spread betting
Cryptocurrencies
1:2
Minimum Deposit $50
Minimum Position 0.01 lot
Spread Fixed
Scalping
Expert Advisors
Hedging
Trailing stop
Pending orders
One-click trading
Mobile trading
Automated trading
Instruments Traded
Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex, CFD, Agriculture and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Forex
1:50
CFD
1:30
Agriculture
1:10
Cryptocurrencies
1:2
Minimum Deposit $1
Minimum Position 0.01 lot
Spread Fixed
Scalping
Expert Advisors
Hedging
Browser-based platform
Automated trading
Instruments Traded
Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex, CFD and Agriculture for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Forex
1:400
CFD
1:200
Agriculture
1:10
Minimum Deposit $20000
Minimum Position 0.01 lot
Spread Fixed
Scalping
Expert Advisors
Hedging
Browser-based platform
Automated trading
Instruments Traded
Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex, CFD and Agriculture for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
Forex
1:100
CFD
1:200
Agriculture
1:10
Payment Methods
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
FXCM also provides paymen with Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, FXCM offers you MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader and NinjaTrader.
Customer Support
Do you have any question or find any trouble related to FXCM? If you do, you should reach FXCM's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office
Support
Email
Support
Call
Support
Chat
Support
Extensive Review
FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).
In providing services for clients, FXCM puts great importance on enhanced trading execution supported by the Liquidity providers' stream pricing through the FastMatch Electronic Communication Network.
FXCM works with several global banks, financial institutions, and other market makers as their Liquidity providers including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank, and Jefferies Financial Services.
This, in turn, enables FXCM to present its clients with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop/limit restrictions, and up to 89% of orders are executed at the requested price or better.
For the trading platform, FXCM is remarkably known for its proprietary product called Trading Station. The latest version of this platform's web display is claimed to be built in Mac Friendly HTML5. It features a range of trading appliances such as integrated news, economic calendar, FXCM's top trading tools, social trading functionalities through FXCM Cloud, customized trading analytics, automated strategies, and advanced charting for better analysis. For flexible traders who prefer trading on-the-go, FXCM has also provided Trading Station in mobile version, both for iOS and Android users.
However, the company's in-house platform is not the only option presented for clients. FXCM also gives the choice to use MetaTrader 4 for clients who are more familiar with the MetaQuote's product. Also, ZuluTrade access is enabled for clients with keen interests in copy trading schemes that transcends across brokers.
Instead of classifying account types based on minimum deposits, FXCM chooses to offer trading accounts based on the instruments traded. For FX traders, this broker provides Active Trader and Institutional accounts.
Active Trader is the ultimate account type for retail traders with two-tier pricing. Tier 1 applies a minimum deposit of $25,000 with a $30 commission for 1 million volumes traded, while Tier 2 has no detail on deposit requirement but gives better fee conditions. Spreads in both tiers start from 0.2 pips.
Institutional account, also known as FXCM Pro, is marketed as a wholesale execution and liquidity solutions for retail brokers, hedge funds, and emerging market banks. The account presents trading spreads from 0.1 pips and other competitive benefits like API solutions as well as prime brokerage services.
For non-FX traders, FXCM provides a CFD trading account with low spread costs from 0.37 pips (in XAU/USD) and a wide range of class assets from precious metals, soft commodities, and indices.
Last but not least, FXCM presents a collection of in-depth articles to help traders' knowledge and insights on the forex market. Trading tools like FXCM Plus, Market Scanner, Trading Signals, and Technical Levels are also developed to support traders' analysis.
In conclusion, FXCM is an experienced retail broker with a lot of "ammunition" to help traders with its best version of execution, pricing, and tools. It is a well-regulated broker backed with a long history in the financial market, even though it has a dark history in the United States' brokerage industry.
Still, the relatively high standard on minimum deposit ($25,000) puts FXCM as a broker suitable for experienced traders with good money management. It is not recommended for new traders with limited capital.
