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fxcm review

The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, https://traderoom.info/ CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

The Trustpilot Experience

The broker offers its clients innovative trading tools, proprietary data and premium educational resources. FXCM offer many different platforms to suit your trading needs, including the popular MetaTrader 4 platform and their very own proprietary Trading Station. When you open an account with FXCM, you can choose to trade from any platform which is great. It means you can seamlessly access and manage your account across all platforms depending on what is most convenient for you at the time. I must say, they have one of the best selections of trading platforms I have seen.

  1. Yes, the broker periodically alters leverage and margin limits in response to market circumstances and regulatory guidelines.
  2. (Foreign Exchange Capital Markets), founded in 1999 under the visionary leadership of Dr. Nicholas Deakin, entered the financial scene to democratize currency trading for individuals.
  3. We’re thrilled to hear that you had a satisfying experience with FXCM.
  4. Tier 2 Active Trader account is reserved for users who trade in volumes exceeding $150 million per month.
  5. Users also get free educational content when they sign up for the demo account.

Client Support

In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. The account applicant must now carefully read, consider and ensure that they understand FXCM’s terms and conditions.

Does FXCM provide trading tools for beginners?

fxcm review

Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station. FXCM offers multiple account types and trading platforms, including MT4, Trading Station, Ninja Trader, TradingView, and Speciality platforms, with top-of-the-line liquidity. Moreover, the broker offers useful trading tools such as AI and VPS hosting.

What is FXCM’s commission fee?

fxcm review

Due to their inherent value, legions of forex, futures and equities traders frequently incorporate trading signals into their financial game plans. Just make sure you understand the risks and that results cannot be guaranteed. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts.

Your satisfaction is our priority, and we’re always here to support you. If you have any further questions, please don’t hesitate to reach out. FXCM’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its FXCM YouTube channel. Use our country selector tool to view available brokers in your country.

fxcm review

FXCM has offices, partners, and affiliates in the major financial centres of the world, uniquely positioning FXCM to provide exceptional service to traders around the world. It is imperative to be aware that the products and protection can vary depending on the entity that you sign up with. FXCM no longer accepts U.S. clients because it had to pay $7 million in 2017 and give up its registration with the U.S. Commodity Futures Trading Commission (CFTC) for failing to disclose a deal with a market maker to its clients. The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates FOREX.com, so U.S.-based traders might consider using that broker instead. FXCM’s proprietary Trading Station platform is compatible with iOS and Android mobile devices.

As FXCM supports a wide range of trading platforms and features, both beginner and experienced traders will find that this online broker has a lot to offer to help meet their trading needs and goals. The broker gives you a nice variety of quick and easy account funding option to choose from, including digital wallets which I find most convenient for moving funds around between my trading accounts. It is great that FXCM does not charge deposit fees but be aware that your payment provide might. In compliance with the Anti Money Laundering (AML) procedures, FXCM does not accept cash deposits.

The FXCM economic calendar highlights worldwide economic events that have an impact on trading instrument prices. You may look up events and compare analyst consensus to historical data. When it comes to assets offered, FXCM is definitely outnumbered by the majority of brokers.

Some of the most successful traders employ automated systems to remove the human factor from trading. Automated strategies may be introduced to Trading Station Desktop with a few mouse clicks. Because of the breadth and scope of FXCM’s trading pool, you get access to significant market data. Trading Station’s distinctive Real Volume indicators, which are pre-loaded on Trading Station, provide you with unrivalled access and strategy support based on real market sentiment. The Speculative Sentiment Index (SSI) is a patented contrarian indicator that is meant to assist you in trading trending markets.

I like how you can easily filter the news to only display that which matters most to you. I think the calendar is a vital tool to make sure that you are aware of any pending news releases that can impact your positions. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets https://traderoom.info/fxcm-an-overview/ with low pricing and fast, quality execution on every trade. The broker has 2 support email addresses that give you access to general or account-specific inquiries. You can even contact the FXCM trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an FXCM server.