FXCM is a established and trustworthy online trading broker. Its main goal is to offer its clients an excellent online trading experience complete with innovative tools, high quality educational resources, and great trading conditions. It offers wide range of trading instruments including Forex, commodities, cryptocurrencies, indices and shares. Traders also benefit from tight spreads, fast execution, and low trading costs.
FXCM has several registrations and licenses. It is regulated by the FCA in the UK. It is also registered in Cyprus, Australia, and South Africa.
FXCM keeps client funds in segregated bank accounts. This means that the money is help separately from company funds, and cannot be used for operational purposes.
FXCM offers MT4. It also offers Trading Station, its own proprietary trading platform.
From 0.9 pips
1$ per lot
FXCM only offers one option for live trading accounts. However, the trading account comes with excellent trading conditions. These include:
The minimum deposit at FXCM is $50.
Deposits & Withdrawals
FXCM accepts many payment methods including debit cards, credit cards, bank wire transfers, Neteller, Skrill, and Unionpay. The payment process is very quick and simple.
FXCM gives you access to a variety of tools to help with your trading. You can get access to free trading signals, free chart tools, and SMS alerts, all of which are designed to help you spot good trading opportunities. You can also get access to a free Trading Analytics tool which is designed to help you find mistakes in your trading, improve your trading habits, and boost your overall trading performance.
FXCM offers a wide selection of educational materials including articles, videos, and online tradingwebinars. It also offers extensive market research to help you plan your trades. With an FXCM account you get free access to market news, an economic calendar, a live forex scanner, live forex charts, and market data signals.
Extra Trading Services
FXCM offers copytrading. This service is provided in partnership with ZuluTrade, a social auto-trading platform that allows you to follow other traders’ trading activity and strategy. The service costs $30 per month, but you can potentially earn this back in profits. There is also a small performance fee, but this only applies to profitable trades.
In order to open an online trading account, you need to provide FXCM with a number of documents. These include a proof of ID and a proof of address. During the account opening process, FXCM will provide you with a list of the documents that they accept. These include copies of your passport, driver’s licence, recent utility bills, or bank account statements.
FXCM prides itself on its high level of customer service. Their Customer Service Team is available 4/5, Monday to Friday. You can contact them via live chat, email, or phone.
FXCM is an established and reliable online trading broker. It offers an excellent online trading experience complete with great trading conditions. It offers wide range of free educational resources and trading tools. As such it is suitable for both new and experienced brokers.
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