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FXCM Review

FXCM operates on global international financial markets since 1999. During 17 years of operation FXCM broker has become a major and leading investment group of companies with customers from all over the world. The FXCM company is headquartered in New York Сity, United States. FXCM forex broker is one of the few online currency trading dealing centers offering its services and products to the US citizens. The broker’s representative offices can be found in many corners of the world – UK, Germany, France, Greece, Italy, Hong Kong, Australia, AU, Chile, Japan, Asia, Tel-Aviv and Lebanon. The company’s activity is strictly regulated by such regulatory bodies as CFTC, FSA, ASIC, SFC and CONSOB, which indicates that FXCM performance is stable and trustworthy. FXCM rating is one of the highest in numerous financial media, forums, blogs and ratings.

Together with trading currency pairs the company provides other trading instruments – Indices, Stocks, Metals and Oil. The broker offers its clients a wide range of trading platform among which are trading station, web platform, FXCM Active Trader, web trading station, Mirror Trader and metatrader 4. The platforms are available for download, mobile usage and trading from charts. The company’s multilingual and highly professional client support is available 24/7 which a client can contact via different ways of communication. The team of FXCM review the wishes of the customers on a constant base to improve products to even higher quality.

The broker features a large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. The spreads offered by the broker range from 2.5 to 3.5. The leverage offered by FXCM is 50:1, which is quite safe and secure for the clients’ accounts. A free practice account including demo account for all types of accounts is available. Micro demo account is not limited for its size. The regular mini account and micro account starts from 50 dollars, and standard accounts start from $2,000. For FXCM customers also available are mobile trading, one-click order execution and trading from real-time charts.

Particularly for novice traders, FXCM offers educational courses on currency trading. Moreover, the company supplies its clients with free news and daily elaborate market research prepared by highly professional DailyFX.com financial experts. In case of any difficulties on the part of a trader, FXCM client support is always there to give prompt and helpful response.

 

FXCM — Forex Boker information

FXCM
Status No status
Broker type Broker, MM, ECN, STP
Traders reviews 2 Reviews
Foundation 1999
Regulation CFTC, FSA, ASIC, SFC, CONSOB
License ASIC, 309763 CFTC/NFA, 0308179 CONSOB (Italy), 76 FSA (UK), 217689 SFC (Hong Kong), AIM232
Languages English, Spanish, French, German, Russian, Arabic, Korean, Chinese, Portuguese, Italian, Turkish, Greek
Support phone +1 212 897 7660
Address 55 Water St. FL 50, New York, NY 10041
Offices in Australia, Chile, France, Germany, Greece, Hong Kong, Israel, Italy, Japan, Lebanon United Arab Emirates, United Kingdom United States
Headquartered in New York

Forex Trading information

Accepts US traders Yes
Trading conditions Min. deposit standard: $2,000
Min. deposit micro: $50
Leverage: Maximum Approximately 50 to 1
Free trial: Yes
Pip Spread on Majors: 2.5-3.5
No Commissions
Trading platforms FXCM Trading Station Desktop, FXCM Active Trader, Mirror Trader, MetaTrader4
Other trading instruments Stocks, Metals, Oil
Leverage 50:1
Pip spread on majors 2.5-3.5
Minimum position size 0.01
Digits after the dot in quotes 5
Spread Type Variable
Min. spread 2.5
Margin call level, % 50
Stop-out level, % 20
Minimum distance to stop/limit orders, pips
Guaranteed stop loss Yes
Guaranteed limit orders Yes
VPS for traders Free for deposits greater than $5,000
Rebates per 1 standard lot, $
24 hour trading Yes
24 hour support Yes
Mobile trading Yes
Trading by phone Yes
Automated trading Yes
One-click trading Yes
Hedging No
Scalping No
Swaps Yes
Pending orders Yes

Forex Account information

Payment methods Credit Cards, Wire Transfer, Check
Account currencies EUR, USD, GBP, AUD, CHF, JPY, CAD
Mini account, $ 50
Standard account, $ 2000
ECN account, $
PAMM Yes
Institutional accounts No
1st deposit bonus No
Commissions No
Demo account Yes
Bonuses, Promotions Yes
Forex contests, competitions No
Free education Yes
Daily analysis Yes
Expert advisors Yes
Trading Signals Yes
Partnership programs No
Affiliate program No
Trust management Yes
Personal manager No
Managed accounts Yes
Segregated accounts Yes
Interest charges on the balance No
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2 reviews on FXCM

  1. One of the finest and biggest brokers before CFH crush, but now very poor service, big slippages and a lot of other tricks in their pockets. My friend also had an a/c with them and told me about their freezing games with his platform. Now I’m trading with true ECN broker and happy with that. If you had such problems, I can help you.

  2. FXCM is a really good broker. They work almost twenty years and if they are still on the market, they are surely not scam. Personally I’ve been trading with them for three years and for the time being I’m completely satisfied with their products, services, trading conditions, commissions etc.

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