FXCM Broker Review and Opinions

FXCM is a well-recognized Forex and CFD broker, offering various trading platforms as well as top-notch educational resources. Its customer support is top notch, with live agents available in most jurisdictions who speak your language.

Leverage can be high – up to 400:1 – and the minimum deposit required is low, meaning traders with small accounts could potentially lose all of their initial investment. Nonetheless, this firm is regulated and holds client funds in segregated global bank accounts for safety.

Opinions

FXCM is an internationally regulated broker that offers a powerful trading platform and extensive suite of advanced trading tools. It also has low minimum deposit requirements, reasonable inactivity fees and reliable customer service.

Leverage trades can greatly magnify your profits, but they also significantly increase losses. Therefore, never use more leverage than what your risk tolerance allows when trading foreign exchange/CFDs.

FXCM trading platform provides a broad selection of products, such as Forex, Indices, Commodities and Cryptocurrencies. Furthermore, it provides spread betting for residents in the UK and Ireland.

In this FXCM broker review, Traders Union experts have taken a close look at the platform and trading products offered. They also assessed the company’s licensing status and reputation. Furthermore, they compared its spreads, fees, and trading conditions against industry standards.

Benefits

FXCM is a UK-based Forex broker that provides traders with an array of trading instruments. Additionally, it provides both novice and professional investors with an secure trading platform.

The company is regulated in both the UK and Australia, meaning users’ funds are segregated into tier 1 bank accounts and insured against losses. This is essential as it protects investors from potential financial harm.

In addition to Forex, the broker also provides CFDs on shares and stock indices. You can trade global equity indices such as the Dow Jones 30, S&P 500, and Nasdaq 100 from as little as 1/10th of a share.

Deposit and withdrawal

FXCM offers a wide selection of deposit and withdrawal methods, such as bank wires, credit/debit cards, and e-wallets. Furthermore, they support certain cryptocurrencies like Bitcoin.

FXCM is licensed by both the UK’s Financial Conduct Authority and Australia’s Financial Services Commission, meaning that they must segregate user funds, enforce pricing and instrument transparency, safeguard data security, and insure against losses.

The broker’s trading platform supports 43 exchanges across Asia Pacific, Europe, and North America. Its products include Forex, indices, and share CFDs.

FXCM offers traders a selection of account types with differing features and fees to meet their individual needs. For instance, the Micro account is ideal for testing out your strategy on low stakes markets; it features two-tier pricing with spreads starting from 0.1 pips.

Trading platform

FXCM offers its clients a wide selection of trading instruments, such as forex, stocks, commodities and cryptocurrencies.

FXCM offers traders a host of tools to assist them with trading and understanding their accounts better. For instance, FXCM’s Economic Calendar helps users stay abreast of news that could impact currency prices.

Furthermore, this broker provides a demo account to test strategies and gain experience before trading with real money. Its customer support team is available 24/7 via phone, chat and email for added peace of mind.

FXCM offers competitive trading fees. The Standard account is fee-free, while Active Traders pay $30 per $1 million traded.

Pros and cons

FXCM is one of the premier retail forex and CFD brokers worldwide, providing a vast selection of trading instruments, generous leverage, and advanced platforms.

The company’s trading platform is user-friendly and provides a variety of tools that can help you hone your trading skills. Furthermore, it boasts excellent educational resources and helpful customer service.

However, if you’re new to trading, be aware of the potential risks and losses. It’s best to take your time and educate yourself before investing real money.

FXCM is regulated by multiple agencies, including the FCA in the UK, and offers trading services to clients around the world. It offers both standard and active trader accounts for its customers to choose from.

Account opening and login

FXCM is a Forex broker that provides an extensive selection of trading tools. Their platforms span across multiple devices and they provide training materials to assist new users in getting started.

They offer a demo account that lets users explore their trading platform before depositing real money. This feature is beneficial for both novice and experienced traders alike, as it enables them to test out strategies before placing actual trades with real funds.

New users can open a real account by filling out an easy form with their details (name, phone number and email address). They’ll receive an email containing their login credentials immediately following submission.

FXCM has earned its customers’ trust and respect over the course of more than a decade in business. Their product offering includes Forex, CFDs and spread betting – giving customers access to an extensive array of options.

Education

FXCM is a renowned forex and CFD broker that offers top-notch educational resources for both beginner and experienced investors alike. Its customer support representatives are outstanding, while its platforms boast powerful capabilities.

FXCM offers an impressive suite of trading tools, including technical indicators. Its educational content is top-notch, with platform tutorial videos available on YouTube.

FXCM only provides CFDs (currencies, indices, commodities and cryptos), so it is not suitable for investors looking to trade real stocks or ETFs. Furthermore, there is a fee of $40 when withdrawing funds via wire transfer; small amounts may also be withheld by banks or payment systems.

Customer service

FXCM provides a range of customer support options, such as live chat and toll-free phone service. It also has an email form that expedites inquiries, with customer service agents speaking multiple languages.

FXCM also provides a demo account, allowing traders to hone their trading skills without risking real money. This gives them the opportunity to test different strategies and determine which ones work best for them.

To open a live account with FXCM, you must complete an online application. This involves providing your contact and employment details as well as selecting your preferred base currency.

Once you submit the online application, you will receive an email containing your MyFXCM username and password. Use these credentials to log in and access your trading account.

Demo account

FXCM is a well-known forex broker that provides several trading platforms and educational resources. It boasts competitive spreads, while active traders can take advantage of monthly rebates to reduce costs.

This platform is accessible on desktops, Macs and mobile devices and offers a vast array of trade instruments such as 40+ currency pairs and CFDs on commodities, indices and cryptocurrencies.

FXCM offers a selection of trading apps to customize their experience. These include apps tailored towards fundamental, trend and range traders alike.

The broker provides a wealth of educational resources and helpful tools for both new and experienced traders alike. Its technical research is impressive, plus it boasts an expansive video library. Furthermore, copy trading is supported along with algorithmic trading through MetaTrader 4 software.