While the range of tradeable markets is narrow and pricing is just average, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a winner.
Broker Type: NDD
Regulation: ASIC, FCA
Min. Deposit: 50 US$
Platforms: MT4, Trading Station
Found in: 1999
FXCM is one of the pioneer providers of online trading, foreign exchange or Forex trading, CFDs, Stocks, Commodities, Indices and spread betting. Founded in 1999, the company’s main aim is to provide global traders with access to the world’s largest liquid market with innovative trading tools, support of excellent trading educators under strict financial standards.
Since January 2015 Leucadia has become the majority economic owner of FXCM. Leucadia National Corporation is holding company withholds excellent reputation and invests in a diverse array of businesses, mainly in financial services and investments.
The FXCM Group is headquartered in London (UK), also offers dedicated 24/7 customer support service regardless clients location through a global chain of offices situated in Germany, Australia, France, Italy and Hong Kong, as well through affiliate offices, since FXCM entered into partnerships with local companies to provide access to the residents, in Greece, Canada, Israel and South Africa.
FXCM strives to give the best trading experience, hence developing intuitive platform options, including the award-winning Trading Station and various attractive options for trading experience, alike numerous automated trading strategies and Applications available.
With close to twenty years of successful operational history, there are no doubts about the FXCM legitimacy, the firm has been regularly nominated by the leading financial institutions confessing broker’s progress and contribution. Celebrated achievements by FXCM including:
FOREX MAGNATES 2012 | BEST PROPRIETARY FX PLATFORM
UK FOREX AWARDS 2013 | BEST FOREX BROKER OF THE YEAR
FX STREET 2015 | BEST SELL-SIDE ANALYSIS CONTRIBUTOR: DAILYFX
INVESTMENT TRENDS |
Financial Spread Betting – Best Educational Materials
Forex – Best Educational Materials
CFD – Best Customer Service, Best Platform Features, Best Educational Materials, Best Value for Money
PERSONAL WEALTH | BEST FX PROVIDER
The Companies that constitute the FXCM Group is regulated through several the most respected jurisdictions in the world.
“FXCM LTD” is authorized and regulated in the UK by the Financial Conduct Authority. According to FCA regulations, the company must follow strict financial standards, including capital adequacy requirements, present transparency of business practices accordingly, as well client funds are protected while held in segregated accounts.
For the globally presented offices, each of them as a branch of Forex Capital Markets Limited, follows country financial authority. Hence, FXCM Australia Pty. Limited is regulated by the ASIC, FXCM Germany partially regulated by BaFin, of Germany, authorized by CONSOB in Italy, member of the IIROC in Canada and FSP in South Africa.
Moreover, FXCM maintains a no re-quote policy. The difference between the requested rate and final execution price may be more or less advantageous based on the market activity and available liquidity.
For the clients, whether one is new in the trading or experienced participant, FXCM brings a variety of powerful software trading platforms, to achieve trade goal.
In the software suite included – unique market access: with multiple order types, advanced charting: enhanced by powerful utilizing tools and FXCM’s exclusive Real Volume indicator, automated trading strategies: with testing and optimization capabilities.
By official Statistical Data, FXCM has over 80% of orders zero or positive slippage, which improving the price, average execution speed is 0,023 seconds and is a critical parameter to any trader.
FXCM conduct very convenient way for account opening. A free practice account, which lets to test the platform and experience account benefits FXCM gives to the traders, is available and once the client is ready, the live account can be opened with as little as $50.
All live account users can enjoy access to Free Live Forex and CFD Trading Signals inside FXCM PLUS, the tool to maximize trading experience with proprietary trading signals and technical analysis, also including Trading Analytics reports.
FXCM offers a range of funding options so the client can deposit or withdraw funds quickly and safely. Available options are Credit and Debit Card, EFT & Bank Wire, as well e-payment via Skrill.
For the clients’ convenience, all withdrawal requests are submitted online and can be performed via Credit or Debit Cards, Bank Wires, SEPA (European Union account) or BACS (UK account).
Transactions typically processed quickly and mostly taking about 1-2 business day to be accomplished.
There are some interesting and indeed useful services offered by the broker, which places their services and developments tools out of the line:
The strong background of the broker, years of successful operation and reputable, in the financial world, owning company is a state for the FXCM’s reliable and safe environment. Traders can enjoy attractive offerings from the company, along with the splendid technical development and a variety of tools.
Active or high volume traders find their benefits with various available interfaces, good value of spreads and offerings. For beginner traders, FXCM is a choice too as there is no need of big deposits to start trading, supportive customer managers always on hand, unique educational technics and absolutely impressive choice of tools to start, from Autotrading to the diversity of comprehensive supported indicators.
Overall, FXCM is a good choice for all.
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