FXCM Review

FXCM Review
FXCM Review

Regulation : FCM, CFTC, RFED, NFA, FSA, SFC, ASIC, FSA/ACP, CONSOB

Accepts US Clients: Yes

Min. Deposit : $50

Leverage : 1:50

Platforms : Trading Station Desktop, MetaTrader 4, Mobile App, NinjaTrader, Trading Station Web, Mirror Trader

We Like

  • Regulated by authorities of many countries
  • Tight variable spreads
  • In-house stable platform
  • Allows trading in US Dollar Index

We Don't Like

  • Low leverage 1:50
  • Traders might face slippage due to their variable spread offer
  • Does not offer Islamic accounts
The Verdict :

FXCM is a truly reliable forex broker as it is listed on the NYSE (New York Stock Exchange). Their strong regulation and stable unique platform have made them popular among forex traders. Besides this, they should improve their maximum leverage ratio to attract small and beginner traders.

  • Expert Opinion
  • User reviews
  • Specifications
Platform:
Trading PlatformsTrading Station Desktop, MetaTrader 4, Mobile App, NinjaTrader, Trading Station Web, Mirror Trader
OS CompatibilityMac, Microsoft Windows, Mobile, Web, iPhone, Android.
Mobile TradingYes
Web Based TradingYes
Platform LanguagesEnglish, Arabic, Chinese, French, German, Hebrew, Italian, Japanese, Portuguese, Russian, Spanish, Urdu.
Addition ServicesStreaming News Feed, Charting Package, Trading Signals, Automated Trading, Trade from Charts, Market Commentary, Email Alerts, Mobile Alerts.
Other Tradable InstrumentsGold, Silver, Stock Indices, US Dollar Index.
HedgingYes
ScalpingYes
Trailing StopYes
One Click TradingYes
Automated TradingYes
OCO OrdersYes
Account Details :
Max Leverage1:50
Min. Initial DepositBasic - $50
Premium - $5000
Active Trader - $25000
CommissionsNo (Depends on the type of trading account)
Typical Spread (Majors)EUR/USD – 2.5
Deposit OptionsCredit Cards, Debit Cards, bank Wires, ACH, Paper Check
Withdrawal OptionsCredit Cards, Debit Cards, bank Wires, ACH, Paper Check
Demo AccountYes
Account TypesMicro and Standard
Number of pairs offered56
Dealing DeskNo Dealing Desk
Additional FeaturesForex Trading Guide, Trading Signals and Alerts, DailyFX Trading Course, Live Events
Bonus and Promotion:
No Deposit BonusNo
First Deposit BonusNo
Other Promotional OffersRefer a Friend
Company Information :
Headquarter InNew York, USA
Established Year1999
Regulating AuthorityFCM, CFTC, RFED, NFA, FSA, SFC, ASIC, FSA/ACP, CONSOB
Websitewww.fxcm.com
US Clients AcceptedYes
Customer Support LanguagesGreek, Turkish, Scandinavian, Italian, Portuguese, Chinese, Spanish, French, Russian, German, English, Arabic, Hebrew, Chillian
Support byLive chat, Telephone, Fax and Email and Trading Desk Phone Number