The broker was established in the U. S in and was previously listed as one of the fastest growing companies in the U. S for 3 consecutive years by Inc. S to focus more on their international markets particularly the European sector. As a result of its international operations, FXCM is regulated in several jurisdictions.
With close to two decades of operational history, there is certainly no doubt as to the legitimacy of FXCM as a world leading online broker. In , , , , they were listed by INC. Other notable achievements by FXCM included:. FXCM has provided their clients with several choices of trading platforms. The award winning Trading Station is the results of 10 years of platform development. It is available in 3 different versions, as a desktop, mobile and web trading platform.
The Trading Station capabilities include:. The MT4 platform is well liked by brokers and traders alike due to its power in built features.
It also comes with a comprehensive charting package and a wide array of technical popular indicators. The professionally developed app is essentially the MT4 trading platform that has been optimized for Android and iOS powered devices. Some of the unique features of the mobile trader include:.
For beginner traders who lack trading experience, there is also the option to use the ZuluTrade peer to peer trading platform. It is also suitable for traders who want to trade the markets without being emotionally entangled and for those lacking the time to develop their own trading strategies. With the ZuluTrade social trading network, traders can subscribe to the signals that are provided by those who are more experienced and time committed to online trading.
FXCM offers traders the opportunities to trade many instruments such as 39 different pairs of currency pairs, 18 types of commodities CFDs and 12 market indices and dozens of stock indices through its wide selections of trading platforms.
FXCM has 3 different types of trading accounts:. Both the demo accounts are only available for a period of 30 days. The advantage of Trading Forex online is having the possibility to deal with no Dealing Desk. With this option, traders basically trade on rates provided directly by the banks, which enables FXCM to offer low variable spreads.
There are no commissions payable at FXCM. Traders are instead required to pay a slightly widened spread on the assets that they are trading. The minimum spread for Forex starts from as low as 1. Spreads for Indices start from a minimum of 1 pip. For commodities, the minimum spread starts from 2 pips. The table below lists some of the spreads which traders have to pay for the popular assets. Withdrawals are also conducted through credit card or bank wire transfer. For withdrawals through credit cards, there is no withdrawal fee.
The good news is there is no limit or minimum withdrawal amount requirement at FXCM. At present, FXCM does not offer any kind of bonuses nor have any promotional campaign.
However, despite the lack of bonuses or promotional offers at FXCM, the broker does provide an incentive to their traders by letting their traders earn interest in the available balance in their trading account. With close to 2 decades of operational history behind them, FXCM has taken every measure possible to ensure that their traders have safe and secure trading environment to conduct their trading activities.
As a testament to their commitment to the well being of their clients, FXCM has been winning many recognition awards for several international finance reviewers. The withdrawal of funds at FXCM by a trader can be done through credit card of bank wire transfer. Apart from being regulated by regulatory agencies, FXCM follows international best practices to ensure that their clients have a safe and secure trading environment. The strong background of the broker allows traders to enjoy attractive spreads below the average of what most brokers in the industry are offering.
This makes FXCM an ideal broker for high volume traders trying to minimize their trading costs. Germany with BaFin Registration Number: Other notable achievements by FXCM included: The Trading Station capabilities include: The ability to explore multiple order types. View prices in real time. Dozens of preloaded indicators. Some of the unique features of the mobile trader include: Standard Trading Account 1: Where is FXCM based?
How does FXCM make money? FXCM requires their clients to pay a small spread on top of the prices that they get quoted. How to deposit in FXCM account? How to withdraw money from FXCM?
How to open an account with FXCM? The maximum available leverage is 1: For CFDs trading, the maximum leverage is 1: Withdrawal Options Credit Card. Account Type Info Min. This guide can help you learn the advantages of forex and how it differs from stocks, the four steps to making your first forex trade and more! Get the help you need to start building skills to become an active trader. Your capital is at risk. Take the emotion out of your Forex trading and find trading ideas!
Follow our highly popular Trading Signals to determine which currency pairs to choose, where to buy and sell them, where to set your stop and limit orders. Try a free sample today! Trade the Global Markets: They have a large selection of courses and videos.
I am trading with them for some time now and i am happy from the service. Coming from a futures prop background I have always found Forex environments to be generally disconcerting in terms of lack of transparency due to there being no central exchange and substantially higher cost to trade. However, there are many benefits to Forex especially for "retail" traders. Or access to a variety of markets that may not have caught the wave of liquidity that has been flowing into currency futures over the past 5 years or markets that aren't reasonable to trade in futures whatsoever.
With that said, it is entirely more difficult to identify a viable Forex broker in comparison to a clearing house for futures purposes. This sort of thing happens, and I wouldn't include this into assessing the company. Their Trading Station platform and Marketscope charting are unmatched, and their customer service and general professionalism is unmatched. Steer clear of Gain Capital. This seems far fetched to me, and if it happens I hope the current operation isn't affected.
I had similar problems with FXCM ignoring my stoploss, especially in the weekends, when almost instrument wants to start at a higher rate than closing. But luckily I took a screenshot and presented it to have them and they refunded me. Their excuse was really dumb. Why have stoploss if FXCM is going to ignore them for their conviniently 'stoploss'. They run my balance in the red!
Do you also notice they change the stoploss and limit rules so that they 'rob' you on both ends. You are stump out before you reach your legally stoploss and you are cut short on your limit. So on both ends they are making a commission for themselves.
So the client is paying for a lost and paying for a gain. I am curious as to what scheme they are going to hatch up next. Don't miss a thing! Discover what's moving the markets sign up for a daily update delivered to your inbox. ABOUT US FX Empire - the company, employees, subsidiaries, and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website.
The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. FX Empire may receive compensation from the companies featured on the network. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.
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