FXCM Overview
| Website | fxcm.com |
| Year Founded | 1999 |
| Countries of Registration | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines |
| Website Languages | English, French, Traditional Chinese, Simplified Chinese, German, Italian, Spanish, Greek, Indonesian, Vietnamese, Arabic, Hebrew, Polish, Dutch, Swedish, Thai, Malay |
| Regulators | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA |
| Broker Type | STP, DMA |
| Dealing | A-book |
| Minimum Deposit | $50 |
| Account Currencies | USD, EUR, GBP |
| Spread | average |
| Trading Platforms | MetaTrader 4 (MT4), Trading Station, TradingView |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at FXCM
FXCM (Forex Capital Markets) is a well-established forex broker that has been serving traders since 1999. Known for its commitment to innovation, FXCM provides a range of advanced trading platforms, including its proprietary Trading Station and third-party options like MetaTrader 4 (MT4) and NinjaTrader. The broker offers access to various trading instruments, including forex, indices, commodities, and cryptocurrencies, making it a versatile choice for traders of all experience levels. FXCM operates under the regulation of trusted authorities, such as the FCA, ASIC, and FSCA, ensuring a safe and transparent trading environment.
Pros
- Regulated by reputable authorities (FCA, ASIC, FSCA)
- Access to multiple trading platforms, including Trading Station, MT4, and TradingView
- No-dealing-desk execution for transparency and direct market access
- Comprehensive educational resources and market analysis tools
- Competitive spreads and flexible leverage options
- Wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- Strong focus on platform innovation and advanced tools
Cons
- Higher trading fees on some instruments compared to competitors
- Limited account types for specialized trading needs
- No support for MetaTrader 5 (MT5)
- Customer support may vary depending on the region
Is FXCM available in my country?
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FXCM doesn't accept clients from United States!
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FXCM Reviews
FXCM is a great broker with excellent tools for forex trading. The MT4 platform works perfectly, and the spreads are very competitive. Signing up was simple, and the app is fantastic for trading on the go.
4/10/2024Good broker overall. The demo account was useful for learning, and the leverage options are flexible. Withdrawal time is decent but could be faster.
3/22/2024FXCM is reliable but lacks MT5 support, which is a downside for me. The rebates program is a nice touch, and their app is easy to use. Spreads could be better during high market volatility.
2/18/2024I’ve been trading with FXCM for a year now, and it’s been a great experience. Fast login, low minimum deposit, and excellent execution speed. Highly recommended for forex trading!
4/5/2024The trading experience is smooth, and I appreciate the variety of account types. Downloading their Trading Station platform was easy, but I wish they offered MT5 support for advanced trading features.
3/30/2024Leave a Review
Is FXCM regulated?
| Companies | Stratos Markets Limited, Stratos Trading Pty. Limited, Stratos Europe Ltd (ex FXCM EU LTD), Stratos South Africa (Pty) Ltd, Friedberg Mercantile Group Ltd., Stratos Light Limited, Stratos Global LLC |
| Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines |
| Regulators | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
FXCM Account Types
| Property | Standard |
|---|---|
| Deposit | $50 |
| Lot Size | 0.01 lots |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 1.2 pips |
| Fee | No |
| Max Leverage | 1:1000 |
| Stop Out | 100% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
FXCM Funding and Fees
| Base currencies | USD, EUR, GBP |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, PayPal |
| Inactivity fee | $50 per year after 12 months |
| Interest on margin | |
| Withdrawal Fee |
FXCM Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), Trading Station, TradingView |
| Execution Speed | 28 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
FXCM Trading Assets
| Currencies | 41 |
| Indices | 15 |
| Stocks | 3512 |
| Cryptocurrencies | 23 |
| Bonds | 0 |
| Metals | 3 |
| Energies | 7 |
| Soft Commodities | 4 |
| ETFs | 280 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
FXCM Support
| [email protected] | |
| Phone | +16462531401 |
| YouTube | YouTube |
FXCM vs Competitors
| Features | FXCM | OANDA | FOREX.com | Pepperstone | XM | IG |
|---|---|---|---|---|---|---|
| Type | STP, DMA | STP | MM, DMA | ECN, DMA | MM | MM, DMA |
| Minimum Deposit | $50 | $1 | $100 | $1 | $5 | $1 |
| Regulators | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA | BFSC, CySEC, ASIC, DFSA | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA |
| Platforms | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer |
| Spread | average | low | average | low | low | average |
| Leverage | 1:1000 | 1:200 | 1:50 | 1:500 | 1:1000 | 1:200 |
| Assets | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
