FXCM review
FXCM is a Multi-Assets Trading Platform with over 10000+ Assets
FXCM is a multi asset platform with 10000+ tradable Assets.
Assets available on FXCM include Forex, Social Trading.
FXCM trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, Social Trading are considered financial assets.
Features of FXCM
- API Trading
- Social Trading available
- Copy Trading available
- StopLoss
- Trailing Stops
- TakeProfit Orders
- FXCM offers Advanced Financial Chart comparison tools
- FXCM offers Research-backed analysis on financial markets and investments from top analysts
- The FXCM platform is available to use on multiple devices including Windows PC, iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
- FXCM offers a trading platform with tools for both New Traders and Seasoned Experts
- FXCM users benefit from using the FXCM platform in over 12 different languages
FXCM review
What you should know
FXCM offer two ways to trade: Forex, Social Trading. The assets and products available to you on the FXCM trading platform depends on the region of the world, you are in and the FXCM entity you have an account.
With FXCM you will need a minimum deposit of $50. You can sign up for a demo account to acquaint yourself with FXCM platform.
FXCM are able to accommodate various levels of traders whether you are experienced or a beginner.
Are FXCM safe?
When considering FXCM for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as FXCM, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 1999, and in operation for 25 years FXCM have a head office in United States.
FXCM is regulated. This means FXCM are supervised by and is checked for conduct by the FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534) regulatory bodies.
FXCM withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like FXCM are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. FXCM are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of FXCM and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. FXCM has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, FXCM will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like FXCM, you can enjoy peace of mind and focus on your trading activities. If FXCM violate any regulatory rules their regulated status could be stripped.
Losses can exceed deposits
Is my money safe with FXCM?
All payments made to FXCM by traders are securely held in a segregated bank account.
FXCM uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should FXCM use them?
FXCM partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their FXCM clients' funds.
FXCM clients can have greater confidence in their financial security when working with a Tier 1 bank because FXCM are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in FXCM deposited in a Tier 1 bank?
Depositing funds with FXCM ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if FXCM were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that FXCM is a secure and safe platform.
Please be aware that trading in financial assets with FXCM carries a risk of loss. FXCM trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, Social Trading due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
FXCM emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about FXCM, let's closely examine its features.
To better understand the FXCM trading platform, you can create two separate accounts - one with real money and the other a FXCM demo account. A FXCM demo account provides a risk-free environment for experimenting with the FXCM platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in FXCM trading decisions.
Open a demo account Visit FXCM
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How FXCM as a Company Compare Against Other Brokers
| Broker |
FXCM
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Year Established | 1999 | 2007 | 2009 | 2007 |
| Head Office | United States | Australia | Belize | Cyprus, UK |
| Regulation | FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534) | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
| Used By | 220,000+ FXCM users | 200,000+ IC Markets users | 730,000+ Roboforex users | 35,000,000+ eToro users |
| Negative balance protection | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No |
| Learn More | Visit FXCM | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. |
FXCM review
FXCM Pros and Cons
FXCM review
FXCM Regulation and Licensing in more detail
FXCM is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of FXCM going into insolvency. FXCM compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like FXCM to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for FXCM traders.
- FCA (Financial Conduct Authority) (217689)
- CySEC (Cyprus Securities and Exchange Commission) (392/20)
- BaFin (German Federal Financial Supervisory Authority)
- ASIC (Australian Securities and Investments Commission) (309763)
- IIROC (Investment Industry Regulatory Organization of Canada)
- ISA (Israel Securities Authority)
- FSCA (Financial Sector Conduct Authority) (FSP No 46534)
FXCM is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like FXCM you should be sure they're legitimate online agent.
Is FXCM Global?
Yes, FXCM is global as FXCM is available in over 194 countries.
FXCM is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries FXCM covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. FXCM has a total of more than 220,000 users.
FXCM review
FXCM Awards
FXCM have won numerious industry awards over the 25 years they have been operating as a financial broker. We have listed the most notable awards and mentions for FXCM below.
- Best In Class 2024 - ForexBrokers - 2024
- Most Transparent Forex Broker - Global Forex Awards - 2022
- Broker of the Year - Ultimate Fintech Awards - 2022
- Best Forex Trading Platform - Shares Awards - 2021
- Best Trading Platform - Ultimate Fintech Awards - 2021
- Best Forex Mobile Trading Platform - Global FX Awards - 2021
- Best In Class - ForexBrokers - 2021
- Best Trading Tools And Research - Shares Awards - 2020
- Best Forex Trading Platform - Global Forex Awards - 2020
- Best Technical Tools - Brokerchooser - 2019
- Best Customer Support - FXCM - FXEmpire - 2017
- Winner Best Retail Broker Execution - Forex Magnates London Summit Award - 2013
- Best FX Provider - What Investment Magazine Readership - 2010
- Best In Class 2023 - ForexBrokers - 2023
- Social Champion Award - TradingView Broker Awards - 2022
- Best Forex Trading Platform - MENA - Global FX Awards - 2022
- Best In Class - ForexBrokers - 2022
- Best Zero Commission Broker - ADVFN International Financial Awards - 2021
- Best Customer Service - Ultimate Fintech Awards - 2021
- Best FX Provider - Personal Wealth - 2021
- Best Online Trading App - Compare Forex Brokers - 2020
- Top Rated Forex Trading Platform - Investors Chronicle - 2020
- Best Trading Tools - Personal Wealth - 2020
- Best Customer Support - FXCM - FXEmpire - 2018
- Best Forex Trading Automation - UK Forex Awards - 2015
- Best Sell-Side Analysis Contributor: DailyFX - FX Street - 2015
- Best Online FX Provider - Money AM - 2013
- Best Forex Broker of the Year - UK Forex Awards - 2013
- Most Trusted Trading Platform Middle East - International Business Awards - 2023
- Best Zero Commission Broker - ADVFN International Financial Awards - 2022
- Social Champion Award - TradingView Broker Awards - 2021
- Best FX Platform - Personal Wealth - 2021
- Social Champion Award - TradingView Broker Awards - 2020
- Broker of the Year - Ultimate Fintech Awards - 2021
- Best Education - Personal Wealth - 2020
FXCM review
FXCM Fees Explained
- FXCM doesn't charge withdrawal fees.
- FXCM does charge a fee for inactive accounts.
- FXCM doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from FXCM are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
FXCM Costs To Check
Modern brokers like FXCM provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, FXCM may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall FXCM trading profitability.
How FXCM Fees Compare Against Other Brokers
| Broker |
FXCM
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Min Deposit | 50 | 200 | 10 | 50 |
| Withdrawal Fees | No | No | No | Yes |
| Inactivity Fees | Yes | No | No | Yes |
| Deposit Fees | No | No | No | No |
| CFD Commission Fees | 0.08% per share charge per side | Yes | No | Yes |
FXCM Minimum Deposit
FXCM requires a minimum deposit of 50 GBP/USD/EUR when opening an FXCM trading account.
A minimum deposit is the minimum amount of money required by FXCM to open a new online brokerage account with them.
Don't be scared off by brokers like FXCM charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like FXCM, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
FXCM Withdrawal Fees
FXCM doesn't charge withdrawal fees.
FXCM Withdrawal rules may vary across different brokers when it comes to transferring funds from your FXCM or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with FXCM may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the FXCM withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from FXCM. Researching and comparing FXCM withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing FXCM funds frequently or dealing with large sums of money. Awareness of these FXCM fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your FXCM funds.
For example, FXCM allows you to withdraw your funds to Debit Cards, Credit Cards, VISA, MasterCard, Bank Wire, Google Pay, Skrill, Neteller, China Online Payment, Cryptocurrency, Google Pay.
FXCM Inactivity Fees
FXCM does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by FXCM terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all FXCM fees and services. It's recommended that you check the FXCM website before signing up. If you decide to close your FXCM account, it's important to do so with the FXCM broker customer support and obtain confirmation that no remaining FXCM fees are due.
Brokers like FXCM must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
FXCM Deposit Fees
FXCM does not charge deposit fees. Although bank / 3rd party merchant fees may apply.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
FXCM Commission Fees
FXCM does charge commission on CFD instruments.
Brokerage firms like FXCM may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the FXCM trading account level held by the trader.
FXCM may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing FXCM terms and conditions to understand the commission fees and any other charges that may apply is essential.
FXCM review
What can you trade with FXCM?
It's essential to note that the trading instruments offered under the FXCM brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the FXCM trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with FXCM over 10000 instruments in fact.
If you want to trade currency pairs on global Forex markets, FXCM offer over 50 currency pairs.
FXCM Compared To Other Brokers
Compare FXCM with IC Markets and Roboforex below.
How FXCM Trading Options Compare Against Other Brokers
| Broker |
FXCM
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Instruments Available | 10000 | 2250 | 12000 | 6000 |
| Platforms | TradingView Pro, Trading Station, MT4, Trading Station, Capitalise AI, WebTrader, Mobile Apps | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web |
| FX / Currencies | ||||
| Forex pairs offered | 50 | 61 | 35 | 50 |
| Major Forex pairs | Yes | Yes | Yes | Yes |
| Minor Forex pairs | Yes | Yes | Yes | Yes |
| Exotic Forex pairs | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | No | Yes | No | Yes |
| Commodity CFDs | ||||
| Commodities Offered | 0 | 20 | 21 | 31 |
| Metals | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes |
| Agricultural | No | Yes | No | Yes |
| Indiced & Stock CFDs | ||||
| Stocks Offered | 0 | 2100 | 0 | 2042 |
| UK Shares | No | Yes | Yes | Yes |
| US Shares | No | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes |
| Japanese Shares | No | Yes | Yes | Yes |
| Risk Warning |
Visit FXCM
Losses can exceed deposits |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider. |
FXCM review
Trading on FXCM web platforms and other applications
FXCM offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
FXCM also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See FXCM's platformsIs the FXCM Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the FXCM trading platform to protect you on PC and mobile FXCM platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using FXCM web trading platforms.
FXCM Trading Platform Options
After logging into your FXCM account, you'll find a range of trading platform options available below.
- MetaTrader 4 (MT4)
Please be aware that FXCM does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
FXCM does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Let's explore each of these trading platforms in detail and what options FXCM gives you.
FXCM review
FXCM MetaTrader 4 (MT4)
FXCM MetaTrader 4 (MT4) In Detail
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on FXCM offers traders comprehensive features and tools to enhance their trading performance. The FXCM MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FXCM platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FXCM traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give FXCM traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FXCM trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the FXCM MetaTrader 4 (MT4) trading platform. MT4 is a platform available with FXCM, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The FXCM MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. FXCM allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with FXCM in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. FXCM MetaTrader 4 is compatible with the latest macOS. FXCM allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on FXCM
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade FXCM MetaTrader 4 on iOS Devices
You can download the FXCM app or trade with FXCM through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. FXCM customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade FXCM MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and FXCM offers its clients access to the MetaTrader 4 platform on these devices. With the FXCM MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing FXCM traders to stay on top of their trades and react quickly to changes in the market. With the FXCM MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade FXCM MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on FXCM are a powerful bundle of three major indicators designed to help traders make informed decisions. FXCM MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help FXCM traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing FXCM traders to potentially stay one step ahead.
FXCM MetaTrader 4 Advanced Trading Tools
The FXCM MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give FXCM traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, FXCM provides traders with everything they need to succeed. The FXCM MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing FXCM traders to analyze the market at any level of complexity.
Trade FXCM MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
FXCM MetaTrader 4 AutoChartist
Autochartist on the FXCM platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for FXCM MetaTrader 4 Autochartist can scan the market using an expert advisor script.
With Autochartist, FXCM traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save FXCM users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. FXCM traders can navigate the platform and find the information they need to make informed trading decisions.
FXCM Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for FXCM traders of all experience levels.
FXCM Trading benefits
- FXCM Allows scalping
- FXCM Allows hedging
- FXCM Offers STP
- FXCM Low min deposit
- FXCM Offers Negative Balance Protection
FXCM Trading Accounts Offered
Below we give an overview of the account types that FXCM offer. Whatever you are looking to trade, the varying FXCM account types will be able to provide you with what you need.
- FXCM Mini account
- FXCM Standard account
- FXCM ECN account
- FXCM STP account
- FXCM Islamic account
Can I try FXCM?
FXCM provides a demo account that enables individuals to explore trading before investing their funds. By creating a FXCM practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the FXCM demo account can help individuals to make informed decisions before investing their money.
Open a demo FXCM account to practice and trade.
Losses can exceed deposits
FXCM withdrawal and funding methods
It's essential to remember that the payment methods provided by FXCM vary based on the FXCM entity and the FXCM client's country of residence. To view the FXCM payment options available, you can log into your FXCM member's area.
FXCM offers various funding payment methods listed in your FXCM dashboard if available in your region. To learn more about the FXCM funding and withdrawal options available in your area, you can explore the FXCM website.
FXCM provides several payment methods for funding your FXCM account. You may utilize any of these deposit options if they are available in your region. FXCM ensures that users have multiple payment methods to choose from, making it more convenient for verified FXCM account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the FXCM user's location. learn more about FXCM funding and withdrawal methods.FXCM Payment Methods
Some FXCM payment methods are local and are available only to specific regions. FXCM account holders should check which payment methods are provided in your region.- FXCM accepts Debit Cards
- FXCM accepts Credit Cards
- FXCM accepts VISA
- FXCM accepts MasterCard
- FXCM accepts Bank Wire
- FXCM accepts Google Pay
- FXCM accepts Skrill
- FXCM accepts Neteller
- FXCM accepts China Online Payment
- FXCM accepts Cryptocurrency
- FXCM accepts Google Pay
| Broker |
FXCM
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | No | Yes |
| Paypal | No | Yes | No | Yes |
| Skrill | Yes | Yes | Yes | Yes |
| Payoneer | No | No | No | No |
| Neteller | Yes | Yes | Yes | Yes |
*please note available FXCM and other broker payment methods depend on the clients country of residence.
How can I start trading with FXCM?
To open a trading account with FXCM, individuals can sign up on the FXCM website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for FXCM account validation and making a deposit. Once completed, FXCM users can download the trading platform of their choice.
It's important to note that FXCM requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps FXCM maintain a trustworthy financial environment for its 220,000 users. Detailed information on the FXCM trading platforms is available on their website.
Losses can exceed deposits
Performing trades with FXCM
The trading platform, FXCM, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals. With the ECN and STP execution methods offered by the platform, traders using FXCM can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.
One of the FXCM platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide FXCM traders with greater confidence and peace of mind when trading on the FXCM platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of FXCM trades.
Like other brokers, FXCM margin requirements can differ depending on the traded instrument.
FXCM offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about FXCM, and see all of the FXCM account features on the official FXCM website.
Limiting Your Risk When Trading with FXCM Negative Balance Protection
Negative balance protection is important for traders using leverage on platforms like FXCM. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a FXCM trading position does not go in your favour, this is where negative balance protection comes in handy.
Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, FXCM trading losses are always limited to the current balance of funds in the trader's account.
Even if an FXCM trader experiences a significant loss, they will never owe more money than what is available in their FXCM account balance.
It's important for FXCM traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that FXCM losses are limited to the funds available in your FXCM account when negative balance protection is in place.
Limit Risk When Trading with FXCM Stop Loss, FXCM Stop Limit Orders
Stop-loss orders are a popular risk management tool traders use on platforms such as FXCM . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.
Stop-loss orders are especially important for FXCM traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an FXCM trader should use a stop-loss order can vary depending on the specific trade and market conditions.
Overall, stop-loss orders can provide FXCM traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with FXCM, you must actively monitor your live trading portfolio and financial exposure on FXCM.
Education Resources at FXCM
FXCM offer educational resources which include Trading Guides, Free Online Live Classroom, Chart Analysis, Webinars. Please bear in mind that these resources provided by FXCM do not guarantee any results when trading. When we checked on the FXCM website, these educational resources were not available in every language. Also some financial instruments mentioned in any FXCM educational resources may not be available in your region.
To trade effectively with FXCM, it's important to have a good understanding of the FXCM trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with FXCM and externally.
FXCM . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with FXCM. Familiarizing yourself with the FXCM trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using FXCM. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with FXCM involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like FXCM, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with FXCM. Explore the FXCM platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with FXCM, before live trading.
Customer Support at FXCM
As part of our FXCM review, we review customer service options, response times and problem resolution effectiveness on the FXCM trading platform. The FXCM trading platform supports multiple languages, which includes English, Italian, Spanish, German, Russian, French, Portuguese, Hebrew, Arabic, Chinese, Japanese, and Urdu.
FXCM Available Support Types
FXCM has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.
FXCM customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.
Your customer service experience with FXCM has to be positive for you to effectively trade the financial markets on the FXCM platform. FXCM should answer all of your questions and your FXCM platform issues are solved. When an FXCM customer has any queries regarding FXCM, the FXCM customer support team should take these issues seriously and offer a quick and effective solution. FXCM has a great client support team, so we have rated their customer service highly.
Livechat Support at FXCM
We experienced fast and responsive support from FXCM
At FXCM, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from FXCM should be a positive support experience for all FXCM users, saving you from waiting days for an email response.
We also tested communicating with FXCM support in various languages and countries. The FXCM help centre quickly resolved our customer issues.
Email Support at FXCM
As part of our review process, we wanted to test the email support offered by FXCM. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows FXCM has excellent email support overall.
The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by FXCM. If you're looking for a broker with reliable email support, FXCM is worth considering.
Phone Support at FXCM
Our experience with FXCM phone support was positive. When we called, the team answered our call promptly, in less than a minute.
During the call, we tested the multilingual FXCM team by speaking in different languages, and they made an effort to answer our queries in each language.
The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from FXCM good.
See how FXCM Support Compares Against Other Brokers
| Broker |
FXCM
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IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Support |
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| Languages | English, Italian, Spanish, German, Russian, French, Portuguese, Hebrew, Arabic, Chinese, Japanese, and Urdu | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
| Learn More | Visit FXCM | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with FXCM
As FXCM is regulated by FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534).
As a new client of FXCM, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with FXCM in your region. During the FXCM account opening process, you will be asked to provide FXCM with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with FXCM have the following documents available.
- FXCM require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for FXCM compliance. This must be dated within the last six months.
- If you plan to fund your FXCM account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the FXCM platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under FXCM Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring FXCM's platform.
However, remember that you won't be able to make trades on FXCM until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the FXCM KYC compliance process as soon as possible to avoid any delays in accessing the FXCM platform's features.
It is important to note that FXCM may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the FXCM platform and features immediately. However, you must pass the verification process to start live trading with FXCM, which can take up to a few business days.
To start the process of opening an account with FXCM you can visit the FXCM trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.fxcm.com/ on November 21, 2024.
Watch this FXCM Explainer Video
Is FXCM A Good Broker?
We have spent over 5 years examining FXCM in depth. Although we found some very useful aspects of the FXCM platform that would be useful to some traders. We feel that a alternative to FXCM may better suit you.
- FXCM have a good track record of offering Forex, Social Trading.
- FXCM has a history of over 25 years.
- FXCM has a reasonable sized customer support of at least 10.
- FXCM are regulated by the FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534). FXCM is subject to strict regulatory oversight from its respective jurisdiction, which holds FXCM (the broker) accountable for misconduct. This regulatory framework helps ensure that FXCM operates fairly and transparently and provides FXCM customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and FXCM.
- FXCM have regulation from reputable regulators.
- One of the advantages of using FXCM is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from FXCM are particularly important as FXCM traders want to receive their money quickly. With the efficient FXCM payment processing system, traders can enjoy faster access to their FXCM funds.
- FXCM have an international presence in multiple countries. Including local FXCM seminars and training.
- FXCM can hire people from various locations in the world who can better communicate in your local language.
FXCM Risk Disclosure
Losses can exceed deposits
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
FXCM not quite right?
If after reading this FXCM review, FXCM does not fulfill your needs check out these FXCM Alternatives.
Click here to view the best FXCM Alternatives
We have spent years researching the best alternatives to FXCM. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective FXCM alternatives available today. If you are unsatisfied with FXCM or want to explore other options, we recommend checking out our carefully curated list of highly-rated FXCM alternatives. Follow the links below to learn more about these FXCM broker alternatives and choose the one that best suits your trading needs.
- IC Markets Review
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Related FXCM Vs Comparisons
Throughout our comprehensive FXCM review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing FXCM against other popular brokers in the industry, check out our FXCM Vs pages. Our team has compiled a series of detailed FXCM comparison articles, pitting the FXCM platform against some of the best-rated FXCM competitors in the market. Dive into our informative FXCM Vs pages below to find out how FXCM stacks up against other leading brokers.
- FXCM vs ICMarkets
- FXCM vs Roboforex
- FXCM vs eToro
- FXCM vs XTB
- FXCM vs XM
- FXCM vs Pepperstone
- FXCM vs AvaTrade
- FXCM vs FPMarkets
- FXCM vs easyMarkets
- FXCM vs SpreadEx
- FXCM vs FxPro
- FXCM vs AdmiralMarkets
- FXCM vs ThinkMarkets
- FXCM vs FXPrimus
- FXCM vs Trading212
- FXCM vs ForexMart
- FXCM vs Eightcap
- FXCM vs ForTrade
- FXCM vs InteractiveBrokers
- FXCM vs Forex.com
- FXCM vs IG
- FXCM vs Robinhood
- FXCM vs Coinbase
- FXCM vs Binance
- FXCM vs Oanda
- FXCM vs CMCMarkets
- FXCM vs HargreavesLansdown
- FXCM vs Ayondo
FXCM review
FXCM Frequently Asked Questions
Read our detailed FXCM FAQ Section updated for 2025.
Can I try FXCM?
FXCM do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do FXCM accept?
Please note that the list of payment methods below depends on the FXCM Entity and the client's Country of Residence.
FXCM offer the following funding payment methods Debit Cards, Credit Cards, VISA, MasterCard, Bank Wire, Google Pay, Skrill, Neteller, China Online Payment, Cryptocurrency, Google Pay, among other payment methods.
Learn more here
Is FXCM safe?
FXCM have over 220,000 users. FXCM are considered reliable as they are regulated by and checked for conduct by the FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534). Any payments funded to FXCM accounts by traders are held in a segregated bank account. For added security,FXCM use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with FXCM is risky, and because the market is so volatile, losses could happen at any time. Do not invest with FXCM unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Losses can exceed deposits
Is FXCM trading good?
FXCM is considered good and reputable to trade with FXCM. FXCM is used by over 220,000 traders and FXCM users. FXCM offers Forex trading, and Social trading. Minimum deposit with FXCM is 50.
Is FXCM trading Legit?
FXCM was founded in United States in 1999. FXCM has been facilitating trade on the financial markets for over 25 years. FXCM offers clients Forex trading, and Social trading. All funds deposited to FXCM are held in segregated bank accounts for security. FXCM is regulated by FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534) so can be considered legit.
Is FXCM a good broker?
FXCM allows Forex trading, and Social trading. FXCM is overseen by the top tier financial regulators FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534) so can be considered a good broker.
Is FXCM trustworthy broker?
FXCM is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to FXCM, money is in a segregated bank account that is separate from FXCM company's funds. As a regulated broker, FXCM cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by FXCM. Instead, your FXCM funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with FXCM. Also FXCM is regulated in its local jurisdictions including major financial regulators like FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534).
What is the minimum deposit for FXCM?
The minimum deposit to trade with FXCM is 50.
How long do FXCM withdrawals take?
Withdrawing money from FXCM processing time varies depending on the method but averages 1-5 days.
Is FXCM regulated?
FXCM is regulated by the FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534). Regulatory bodies conduct regular reviews and audits as part of FXCM maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is FXCM a market maker?
FXCM is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by FXCM even if no buyer or seller is lined up.
How can I start trading with FXCM?
When opening a trading account with FXCM, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on FXCM trading platforms, you can follow the link provided below: Learn more about signing up with the FXCM trading platform here. This will provide useful information and insights into the various trading platforms offered by FXCM, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with FXCM?
Yes your money is safe with FXCM.
Overall, strict financial regulation is essential for ensuring that trading platforms like FXCM operate fairly, transparently, and responsibly, which ultimately benefits all FXCM stakeholders involved.
Trading platforms like FXCM must have strict financial regulation for several reasons:
- Protecting FXCM Investors: Strict financial regulation ensures that investors who use the FXCM trading platform are protected against fraudulent or unethical behavior by the FXCM platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the FXCM platform.
- Maintaining FXCM Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the FXCM trading platform. Regulatory procedures reduce the likelihood of the FXCM platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing FXCM Transparency: Regulations require trading platforms like FXCM to maintain detailed records and disclose FXCM client information. Financial regulatory requirements enhances transparency and helps to build trust between the FXCM platform and its investors.
FXCM is regulated by the FCA (Financial Conduct Authority) (217689), CySEC (Cyprus Securities and Exchange Commission) (392/20), BaFin (German Federal Financial Supervisory Authority), ASIC (Australian Securities and Investments Commission) (309763), IIROC (Investment Industry Regulatory Organization of Canada), ISA (Israel Securities Authority), FSCA (Financial Sector Conduct Authority) (FSP No 46534). When selecting a broker such as FXCM, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, FXCM ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like FXCM.
Is FXCM a con?
FXCM is regulated and well established, having been in business for over 25 years. FXCM is not a con.
Can you make money with FXCM?
Although traders have had great success with FXCM, trading on the financial markets with FXCM is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.
Does FXCM have fees?
FXCM doesn't charge withdrawal fees. FXCM does charge a fee for inactive accounts. FXCM doesn't charge deposit fees.
When was FXCM founded?
FXCM was founded in 1999.
How many people use FXCM?
FXCM is used by over 220,000 registered FXCM users.
What is FXCM Headquarters country?
FXCM has its head quarters office in United States .
Does FXCM offer negative balance protection?
FXCM offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does FXCM offer guaranteed stop loss?
FXCM does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does FXCM allow scalping?
FXCM offers scalping.
Does FXCM allow hedging?
FXCM offers hedging.
Does FXCM offer CFD trading?
FXCM does not offer CFD trading.
Does FXCM offer STP?
FXCM offers STP trading.
How many people use FXCM?
FXCM is used by over 220000 FXCM users and traders.
Is FXCM an ECN broker?
FXCM offers ECN trading.
Does FXCM offer a demo account?
FXCM does not offer demo account.
Does FXCM offer an Islamic account?
FXCM offers an Islamic account.
What are the funding methods for FXCM?
Please note that funding methods and options available with FXCM can be found in the FXCM Members area and depend on the FXCM client’s country of residence. Please check your specific available payment methods on the FXCM website. FXCM accept the following funding methods : Debit Cards, Credit Cards, VISA, MasterCard, Bank Wire, Google Pay, Skrill, Neteller, China Online Payment, Cryptocurrency, Google Pay.
FXCM review written by Andrew Blumer and Mark Hansen
