FXCM is a well-established broker since 1999. FXCM has headquarters 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, CySEC 392/20, DMCC (Dubai) 31171, FCA (UK) 217689, ISA (Israel) 2, SFC (Hong Kong) AIM232 and ESMA.

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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
CySEC, 392/20
DMCC (Dubai), 31171
FCA (UK), 217689
ISA (Israel), 2
SFC (Hong Kong), AIM232
ESMA

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

Apart from the forex demo account, this broker offers Premium (FXCM Markets), Mini, Standard (FXCM Markets) and Standard. 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.

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Minimum Deposit

$1

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Maximum Leverage

1:400

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Spread

Fixed

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Commission

$4

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:



Minimum Deposit $20000

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Browser-based platform

Automated trading

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Instruments Traded

Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex, CFD, Stocks 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.

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As for Premium (FXCM Markets) account, FXCM specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Agriculture

Agriculture
1:10


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

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Instruments Traded

Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex, CFD, Stocks, 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.

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As for Mini account, FXCM specifically provides it with the following instruments and leverage:


Forex

Forex
1:50

Agriculture

Agriculture
1:10

Cryptocurrencies

Cryptocurrencies
1:2


Minimum Deposit $1

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Browser-based platform

Automated trading

555

Instruments Traded

Besides lots of currency pair, FXCM also offers some instruments you would like to trade on, such as Forex, CFD, Stocks 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.

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As for Standard (FXCM Markets) account, FXCM specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Agriculture

Agriculture
1:10


Minimum Deposit $5000

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Pending orders

Automated trading

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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, Stocks, 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.

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As for Standard account, FXCM specifically provides it with the following instruments and leverage:


Forex

Forex
1:50

Gold & silver

Gold & silver
1:50

Indexes

Indexes
1:400

Agriculture

Agriculture
1:10

Spread betting

Spread betting

Cryptocurrencies

Cryptocurrencies
1:2

Payment Methods

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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.

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.

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.

FXCM also provides payment 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.

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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:

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Website Languages

Arabic
Chinese
English
French
German
Greek
Hebrew
Italian
Portuguese
Spanish
Swedish

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December 1998, Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.




FAQ About FXCM


Is FXCM a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXCM is a good broker for you or not by reviewing the criteria. In general, FXCM provides trading service in Forex , CFD , Stocks , Agriculture , Cryptocurrencies , Gold & silver , Oil , Indexes and Spread betting . As for the payment methods, you can choose between Credit/debit cards, Neteller, Skrill and Wire transfer. The customer support is available via Email, Live chat and Phone.


What is the minimum deposit for FXCM?

The starting capital in FXCM is $1.


Is FXCM regulated?

FXCM is regulated by ASIC 309763, CONSOB (Italy) 76, CySEC 392/20, DMCC (Dubai) 31171, FCA (UK) 217689, ISA (Israel) 2, SFC (Hong Kong) AIM232 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is FXCM legit?

FXCM is a brokerage company offering trading services for clients since 1999 with offices in Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


21 Reviews

Khaerul Anshar
Ukraine
This review is not supported by evidence

Apr 9 2021

nice broker

Yutian Hao
Argentina
This review is not supported by evidence

Sep 8 2020

I wonder how I got so many phone call after registering woth FXCM. Seems like they are selling customer personal details. Beware guys.

Valentino Yang
Nigeria
This review is not supported by evidence

Sep 7 2020

They never accept my account and when I ask for my deposit back was completely ignored had to file a dispute with my bank. Stay away scammer brokerage.

Whiplash
India
This review is not supported by evidence

Sep 7 2020

First, the price is far, very far from the real price and that's making everything false. Also, this broker is very very slow when it comes to support. They're only good when it comes to deposit funds and after that you get no support.
Deposits are half of the time rejected for no reasons.
Very bad experience, wouldn't recommend it.

Jeremy Sullivan
Pakistan
This review is not supported by evidence

Sep 4 2020

Decent broker, decent trade platform, had some service issues with them and would rate them as an average company.

Bernard L
Australia
This review is not supported by evidence

Sep 4 2020

No issues with withdrawals and fast execution. I like the mobile app.

Willhelm Collins
Turkey
This review is not supported by evidence

Sep 4 2020

I'm not a fan of FXCM demo account. They almost don't have support on the desk session. Many times they are overloaded so I must wait like around 20 minutes to get answered.

Fitez Clavench
Turkey
This review is not supported by evidence

Sep 4 2020

FXCM spreads are not really that interesting, but I always have my money when I request a withdrawal. Tahye are dependable and seems to be the best broker out there.

Daniel Arledge
Turkey
This review is not supported by evidence

Sep 4 2020

Overall FXCM are worth using. But their website interface need to be updgraded. Also their spread could be have better offer.

Sasha
India
This review is not supported by evidence

Sep 4 2020

They are actually a decent broker. But extra fees are too much for small traders and will take away your profit.

Ben Joseph
Pakistan
This review is not supported by evidence

Sep 4 2020

I've been an active traders since 5 years ago and not long until I joined FXCM. I have the different experience since I got email from them that my account had been terminated without reason. This is the worst example on how you treat your customer.

Davey
United States
This review is not supported by evidence

Sep 4 2020

No complaints about this broker. Does what it says on the tin. Spreads are decent.
No deposit and withdrawal fees are always good to see and the customer service is very helpful.

Zyclone
Australia
This review is not supported by evidence

Sep 4 2020

Excellent broker. I've never had problems withdrawing funds, everything works very well with its original Marketscope 2.0 platform, it's super complete and very efficient. They don't have limitation for pending orders too.

Tc333
South Africa
This review is not supported by evidence

Sep 4 2020

I have traded with FXCM for a long time and although there have been a few issues, overall they have been good. I have traded almost every day in that time. But recently when I placed a trade on the NZD/JPY at the price that was displaying on the FXCM trading station platform, I noticed nothing happened and it went into pending. I then check ed the charts to see that the price was vastly different to that which the trading station was reading, something like an 80 pip difference, I tried several times to cancel the trade whilst it was pending, but the system would not do that. I was really disappointed with the way they handle my complain. I have recommended 6 others to the company over the years as I have always trusted them, but the way they dealt with this issue was really poor.

Basem4115
Singapore
This review is not supported by evidence

Sep 4 2020

I do respect all the opinions about this company even the negative ones, but in fact my experience was and still very good with them. My first account was in 2011 (UK Branch) and since then I leave for year or more and come back to the same company many times with ease. I lost money many time but it was my fault and lack of experience. I even recommended this broker to many friends of mine and no one faced any difficulties to withdrawal or even close their accounts. I wish all of you good trading and thanx FXCM.

Annie Bonnie
Turkey
This review is not supported by evidence

Sep 4 2020

I have made a deposit of $1000 when my usable margin dropped to 50% in order to avoid margin call by credit card. Normally it will appear in my account immediately due to FXCM website. However, this time it has never come. When I contacted FXCM customer support, they informed me that the new system will take few hours to 1 day for the fund to come, which hasn't been informed on the website nor email.
After that, they kept transferring me around and promised to ask the operation team to expedite my deposit.

BMTraders
South Africa
This review is not supported by evidence

Sep 2 2020

My account is still locked since my first deposit, nobody replies my emails, I want my money back.

Clara
Singapore
This review is not supported by evidence

Sep 1 2020

This company is as bad as its sound. I lost more than 40K with them and they never refund me. Don't deposit or trade there you'll loose big time.

MS Asad
Switzerland
This review is not supported by evidence

Aug 29 2020

Good spreads withdrawl little delayed though, But got an apology call for the same so it is ok.

Eric S
United States
This review is not supported by evidence

Aug 25 2020

Bad broker and has terrible trading conditions. Stay away everybody is staying away from them here in the USA.

Rachmidah Wanda
South Africa
This review is not supported by evidence

Aug 23 2020

Hi i trade with fxcm close to 1 year now ! everything good ! one thing i don't like with fxcm is withdrawal time take between 2 days and 5 days that just to much !
i hope fxcm make withdrawal time faster.