FXCM Review

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Overview

FXCM is one of the famous, biggest and well known currency forexbrokers in the world with over $100 million capital. It has a flexible large platform suitable for all traders, one of the best trading platformMetaTrader 4

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Details

Broker FXCM
Website URL www.fxcm.com
Founded 1999
Headquarters New York, NY
Support Number 1 212 897 7660
Support Types info@fxcm.com
Languages Greek, Turkish, Scandinavian, Italian, Portuguese, Chinese, Spanish, French, Russian, German, English, Arabic, Hebrew, Chillian
Trading Platform MetaTrader4, Active Trader, Trading Station II, Trading Station Gateway, Mirror Trader
Minimum 1st Deposit $100
Minimum Trade Amount 0.01 lots
Leverage 1:100
Spread Variable spread, from 0.7 pip
Free Demo Account Yes
Regulated Yes
Regulation FCM, CFTC, RFED, NFA, FSA, SFC, ASIC, FSA/ACP, CONSOB
Account Types FXCM Basic Account: minimum deposit: $50 minimum lot size: 1k (micro lot) maximum leverage: 1:400, FXCM Premium Account (10k): minimum deposit: $2000 minimum lot size: 10k maximum leverage: 1:200
Deposit Methods Credit Cards, Debit Cards, bank Wires, ACH, Paper Check
Withdrawal Methods Credit Cards, Debit Cards, bank Wires, Paper Check
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.3

Screenshots

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Full Review


FXCM is one of the famous, biggest and well known currency forexbrokers in the world with over $100 million capital. It has a flexible large platform suitable for all traders, one of the best trading platformMetaTrader 4.

 

Many traders likeMetaTrader4,which is easy and simple for trading and understanding all functions for short time. One of the biggestadvantages is that with one click you put desire currency pair and executes it just in a blink of an eye. By using FXCM you will execute your trading order at any time, with no restrictions. The FXCM is one highlyrecommendedForex.  If you don’t have lots of money you can always start with FXCM micro account.

 

The main FXCM office is based in New York and the broker has many representative offices in other countries like UK, Dubai, Japan, US, Australia, France, Italy. Since December 2010 FXCM is listed in New York Stock Exchange(NYSE). FXCMprovides standard trading costs, withdrawal times, support, features, education, speed of execution and news.

 

Depend on experience of the traders on the ForexCurency Market, FXCM provides different account types. FXCM provides different accounts requirements and deposit- for United States citizens  initial deposit of $2,000, and offers leverages of up to 1:200 and for all traders who are outside of the United States with 50:1 leverage.

 

Specially designed Mini Account is for newcomers inForex. Traders can start trading with initial required deposit of just $50. Mini accounts can be opened not just in US Dollars, but also in Euros, Pounds, Japanese Yen, Canadian Dollars, New Zealand Dollars and Australian Dollars.

 

FXCM provides demo platform with $50,000 demo money, which is available for 30 days.

 

The FXCM Broker advantage is NDD1 during Trading Sessions. Using this opportunity, investors can directly trade on FXCM rates provided by the banks, which are giving the lowest variable spreads. Usually spreads for FXCM  are 2.6 pips for EUR/USD and 3.1 pips for GBP/USD. Another option that FXCM offer istrading via a Dealing Desk, which give to the traders advantages to protecttheir money against spread uncertainty. All required information about the FXCM’s newspreads is updated and available on their web site – the tendency is downwards.

 

All required information about charting tools and analysis data are available on their web site or on the trading platform.

 

FXCM provided toolbar, which can be downloaded to your browser. Trader can see Forex Marker news, as well rates and FXCM is giving you all the information and analysis for your desired currency pairs. At the same time FXCM give free mobile Forex trading platforms for most of the smartphones,iPad and Android Tablets.

 

You can receive 24 hours weekly support from FXCM even during the weekend when the Forex Market is closed. Well educated FXCM staff speaking more than 20 international languages can answer your questions via International toll free calls, chat and e-mail, as well exclusive VIP support to Gold Accounts trader with over $25 000.

 

If you like to know how to trade forex, FXCM’s provides several tools, which are available in several formats as well as walk through videos which explained the platform’s main features.In order to be familiar with the FOREX market, FXCM Broker provide  free webinars and an online “Power Course” (8 sessions of 45 minutes each) just for $19.99 only.

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