0.00
Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

FXCM Review

3.55
19 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

FXCM general information

Founded in: 1999 year
Headquarters:
USA
Offices in the country:
Australia, United Kingdom, Germany, Hong Kong, Greece, Italy, USA, France
Minimum Deposit: 0 $
Website: www.fxcm.com
Website languages:
English, Arab, Vietnamese, Greek, Ivrit, Indonesian, Spanish, Italian, Chinese, Deutsch, Philippine, French
Execution model:
NDD
Deposit currency: USD, EUR, GBP, AUD, CHF, CAD, NZD
Support languages: English
Regulated by:
ASIC (Australia) license №AFSL 309763
FCA (United Kingdom) license №217689
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, Micro accounts
Affiliate program: Not

FXCM Forex broker description

FXCM is a United Kingdom-based forex broker. FXCM was formed in 1999 and until recently it had its headquarters based in New York City in the USA. It moved its offices to the United Kingdom where it now runs its operations. Being a UK-based brokerage company, you can be sure that the firm is well-regulated and your funds are secure with the broker. This is due to the strict regulations espoused by The Financial Conduct Authority, which is the main regulatory body of all financial firms based and operating in the UK.

Trading Accounts

FXCM offers its many clients different types of accounts that will allow them to trade effectively according to their preferences. An account will allow you access to the online site of FXCM and you will be able to view the various trading instruments and you can pick the one that you want to execute trades on. Among the different trading account types that FXCM offers are the free trading station demo account and the standard trading account.

The FXCM Free Trading Station Account

The free trading station account, also referred to us the risk-free trading account is a special account that has been designed for use by inexperienced traders. This account type is a demonstration account and will lead the trader through the steps of trade execution. The trader will not be required to deposit any funds as they will use virtual funds provided in the account as well as simulated trading conditions. This account type is also meant for traders who want to refresh their skills in trading.

Its features are:

  1. $50000 in virtual money to trade.
  2. Live buy and selling prices.
  3. You can trade at any time of the day for the whole week.

The Standard Trading Account

The standard trading account is Meta Trader 4 trading account and is the basic account type in FXCM. It is suitable for both experienced and novice traders. Among the features of this account type are:

  1. The base currency is the United States dollar.
  2. Offers a vast range of trading instruments from indices, CFDs, commodities, currencies, and metals.
  3. 24 hours trading.
  4. Allows for scalping.
  5. Stop out at 100%
  6. Instant execution.
  7. Floating spread type.
  8. No commissions are charged at all.

A bout The Company and Security Of Funds

As earlier indicated, FXCM was founded in 1999 and had its offices in New York City. It moved the offices to the European economic and financial hub of London. Its success I the forex trade has seen it grow in leaps and bound and it has managed to expand to many other territories and countries. Among the countries where it has its offices are South Africa and Australia with plans to expand to more in the future.

FXCM has a niche of proper location and its previous location in New York gave it some push where it was able to benefit from the economic vibrancy of the region. In London, it is the same case and will have the best and competitive trading conditions that are sure to enhance a client's trading experience.

The company has also made a great bid in investing in the required workforce full of qualified and dedicated personnel. They work round the clock to ensure that clients have the best experience and will answer all their queries brought forward.

The company is legitimate and this is seen by its clean bill of operation and they also have the licenses for this. It has received this licensee from the legal regulatory bodies in the respective territories where it runs its operations.

The licenses that FXCM has on its possession include the following.

  1. A license to operate in the united kingdom by UK's financial conduct authority (FCA).
  2. It is licensed to carry out its operations in South Africa by the financial sector conduct authority (FSCA)
  3. A valid license from Australia’s Australian securities and investment commissions (ASIC) which has granted FXCM a pass to carry out its operations in Australia.

Those are among the licenses that it has under its possession. These licenses come with strict rules and regulation that are meant to keep the company in check. Among the aspects with the most consideration is in dealing with clients' funds where they need to be safe. Among the measures put forward by FXCM for this include:

  1. Segregation of clients and company’s funds.
  2. Negative balance protection.
  3. Depositing the funds with legitimate banks.

 

Trading Conditions

Commissions

No commission is charged at all on trading at FXCM.

Spreads

It offers tight floating spreads.

Leverages

Leverages of 1:100 in forex trading.

Trading Platforms

FXCM uses among the advanced trading platforms for the efficient trading experience. These platforms are the trading station platform, the Ninjatrader platform, and the Meta trader4 platform.

The Trading Station Platform

The trading station platform is a versatile platform suited for traders around the world. Its features include:

  1. Powerful charting tools.
  2. Has automated strategies in trade execution.
  3. Has advanced analytic tools.
  4. Has both the web, desktop, and mobile versions.

The Ninjatrader Platform

The Ninjatrader platform is another trading platform that FXCM uses. Among its features are:

  1. Market analyzer and market replay.
  2. Runs the demo account.

The Metatrader4 Trading Platform

The metatrader4 trading platform is a popular trading platform among traders. Among its many features are:

  1. Advanced charting and analytical tools.
  2. Offers both market and instant executions.
  3. Allows for hedging and scalping.
  4. Allows for automated trading.
  5. Available for web, desktop, and mobile.

Promotions

FXCM is concerned with the customer experience and works very hard to ensure that. Among the practices put in place for this enhanced experience are promotions and offer. Currently, FXCM runs the friends and family referral promotion where you will both get a bonus.

Withdrawals And Deposits

Withdrawals and deposits are easy to initiate in the transaction. FXCM accepts various modes of payment from debt and credit card to bank transfer. The process is quick and the results are instantaneous with an exception of bank transfers where to reflect it may take 3-5 business days

  1. Some charges may be incurred during withdrawals depending on currency and amount.

BRIEFLY ABOUT FXCM

To see how lucrative this trader is I would first suggest you take a peek at FXCM customer reviews and comments. Here you will have a glance at how lucrative it is to trade with this trade. They have an awesome customer service that will take care of any arising issue effectively. This is a trader that I would strongly recommend for anyone willing to check the waters of forex trading.

Trading accounts of FXCM

  • Standart
  • Mini
  • Active Trader
Trading platforms: FXCM Trading Station, MetaTrader 4, NinjaTrader, Meta Trader 4 Mobile, Zulutrade
Minimum Deposit : 5000 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
NZD - New Zealand Dollar
Trading instruments:
Forex1:100
Number of currency pairs: 37
  • AUD/CAD
  • AUD/CHF
  • AUD/EUR
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/CHF
  • CAD/EUR
  • CAD/JPY
  • CHF/JPY
  • EUR/JPY
  • EUR/NOK
  • EUR/NZD
  • EUR/SEK
  • EUR/TRY
  • EUR/USD
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • GBP/USD
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY
  • NZD/USD
  • TRY/JPY
  • USD/CAD
  • USD/CHF
  • USD/CNY
  • USD/JPY
  • USD/MXN
  • USD/NOK
  • USD/SEK
  • USD/TRY
  • USD/ZAR
  • ZAR/JPY
CFD's1:10
Amount of assets : 57
  • Indices
  • Products
Metals1:200
  • Gold
  • Silver
Energy sources1:200
  • Oil
  • Gas
Stop Out:
100 %
Minimum position size:
0.01 лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Floating
Decimal places:
5 characters
Margin Call:
100 %
Speed ​​of execution:
0.2 sec.
Commission:
Not
Phone trading:
Not
Trading platforms: FXCM Trading Station, MetaTrader 4, NinjaTrader, Meta Trader 4 Mobile, Zulutrade
Minimum Deposit : 0 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
NZD - New Zealand Dollar
Trading instruments:
Forex1:100
Number of currency pairs: 37
  • AUD/CAD
  • AUD/CHF
  • AUD/EUR
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/CHF
  • CAD/EUR
  • CAD/JPY
  • CHF/JPY
  • EUR/JPY
  • EUR/NOK
  • EUR/NZD
  • EUR/SEK
  • EUR/TRY
  • EUR/USD
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • GBP/USD
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY
  • NZD/USD
  • TRY/JPY
  • USD/CAD
  • USD/CHF
  • USD/CNY
  • USD/JPY
  • USD/MXN
  • USD/NOK
  • USD/SEK
  • USD/TRY
  • USD/ZAR
  • ZAR/JPY
Metals1:200
  • Gold
  • Silver
Energy sources1:200
  • Oil
  • Gas
Stop Out:
100 %
Minimum position size:
0.01 лотов
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Floating
Decimal places:
5 characters
Margin Call:
100 %
Phone trading:
Not
Trading platforms: FXCM Trading Station, MetaTrader 4, NinjaTrader, Meta Trader 4 Mobile, Zulutrade
Minimum Deposit : 25000 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
NZD - New Zealand Dollar
Trading instruments:
Forex1:100
Number of currency pairs: 37
  • AUD/CAD
  • AUD/CHF
  • AUD/EUR
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/CHF
  • CAD/EUR
  • CAD/JPY
  • CHF/JPY
  • EUR/JPY
  • EUR/NOK
  • EUR/NZD
  • EUR/SEK
  • EUR/TRY
  • EUR/USD
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • GBP/USD
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY
  • NZD/USD
  • TRY/JPY
  • USD/CAD
  • USD/CHF
  • USD/CNY
  • USD/JPY
  • USD/MXN
  • USD/NOK
  • USD/SEK
  • USD/TRY
  • USD/ZAR
  • ZAR/JPY
CFD's1:200
Amount of assets : 47
  • Indices
  • Products
Metals1:200
  • Gold
  • Silver
Energy sources1:200
  • Oil
  • Gas
Stop Out:
100 %
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Floating
Decimal places:
5 characters
Margin Call:
100 %
Phone trading:
Yes

Contacts of FXCM

Headquarters
Соединенные Штаты Америки , Нью-ЙоркУотер-стрит, 55
show on the map
Филиал
Великобритания , ЛондонLower Thames Street, Northern and Shell Building 10
show on the map
+44 20 7398 4051Локальный телефон
Филиал
Германия , БерлинNürnberger Straße, 13
show on the map
+49 (0)30 / 801 9722-0Локальный телефон
Филиал
Австралия , СиднейKent Street, Suite 1402
show on the map
1800 109 751Горячая линия
Филиал
Франция , ПарижAvenue Franklin D.Roosevelt, 35
show on the map
0800 90 95 44
Филиал
Италия , ЛеньяноVia Francesco Crispi, 17
show on the map
+39 0331 884001
Филиал
Греция , AthensVouliagmenis Ave, 98
show on the map
+30 210 9690 406/8
Филиал
Япония , Токио1-5-1 Otemachi, Chiyoda-ku, 1-5-1
show on the map
+81-3-5219-1281
Филиал
Гонконг , Hong Kong, China28 Yun Ping Road, Causeway Bay, 28
show on the map
+85234709038Локальный телефон

Recent customer reviews of FXCM

Jackson Felicia 12 March 2021

Advantages: Lucre Recoup

Disadvantages: Scam Brokers

Comment: The company Lucre Recoup did me a solid when they helped me recover the total of 680000 usd i had lost to 5 different broker, I was shocked when i received the credit. They are not the first recovery company i contacted but they are the one's that delivered on their word, they can be 100% trusted. Contact them for help on their website, LucreRecoup dot com

Comment
Add a COMMENT
Wills Braxton 24 January 2021

Advantages: Cybervenom6

Disadvantages: Nil

Comment: If you need help with getting back your money from a broker, contact hacker cybervenom6. He helped me along with friends and family that was referred to him, reach him via email at Cybervenom6 AT gmail DOT com. You can contact him for anything

Comment
Add a COMMENT
Khalish 26 October 2020

Advantages: Good broker

Disadvantages: None

Comment: I’m an algorithmic trader, and FXCM gives me full API support. Their customer service has been helpful for any api help I need. My previous broker was Oanda, but they activated my account and didn’t allow me to continue using algorithmic trading because I was profiting consistently. I’m glad I’ve found FXCM. Lastly, there’s no delay in withdrawal.

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Add a COMMENT
Mel Gibson 29 December 2020

its all a scam, i traded with different brokers, most of them disappear when I make withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they can build your trust and after that they begin to make large requests. i lost a lot to these fraudulent brokers, i was depressed for months until i was recommended to a Binary options trade funds recovery expert Mr David Miller when i met them i didn't believe they could get back my money because i have been scammed a lot already and didn't know what to believe, but my gut feeling told me to give it a try and i did, feel free to contact them via their email address: davidmillerper@gmail.com, and they will help you to claim back your lost investment from your scam broker, i was obligated to recommend them for the good service which they offered to help my issue with my broker.

Comment
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FXCM webinars and seminars

18:38 22 AUGUST, 2017
Webinar: “Advanced Platform Features and Strategies” - FXCM

Mark your calendar and join FXCM’s live trading session about the different features and strategies of a trading platform. ...

18:55 01 AUGUST, 2017
Webinar: “Traits of Successful Traders” - FXCM

FXCM is working with some experts that are committed in teaching about any Forex-related matters. It is never easy to find succes ...

FXCM bonuses, contests and promotions

All bonuses, promotions, contests FXCM
Offer type : Promotions(until 31.03.2018)
Free Wire Transfer Promo - FXCM

International online Forex broker FXCM is extending its free wire transfer transactions! The company is reimbursing the wire transfer cost with mini ...

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.