FXCM Broker Review | Forex Broker Review & Rating

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About FXCM

Forex Capital Markets Inc, or simply known as FXCM, has built its name in the forex industry. In fact, FXCM is already part of the long list of the first and most respectable brokers that offer quality brokerage services to different traders worldwide. In 1999, FXCM started in the United States with its headquarter based in New York City. As of present time, FXCM has maintained its offices in different parts of the world like Sydney, Paris, Hong Kong, London, and Dubai. Because of its worldwide availability, FXCM is able to serve clients from different countries reaching to about 175,000 active accounts as of the moment. As a matter of fact, FXCM was featured in the New York Stock Exchange because of its success in the forex market. Today, FXCM has employed a total of 550 workers worldwide.

Unlike other forex websites, the FXCM website is very simple and easy to use. Traders are able to easily find the necessary information and educational tools that they need in order to understand forex trading well. The FXCM is available in 15 different languages. Traders are still served with quality services by FXCM offices depending on the physical location of the trader. For example, if the traders are from the United Kingdom, then they will be served by FXCM UK. Same goes when forex traders are from Australia, so FXCM Australia will be the one to serve such traders. If traders come from a different country, it is recommended that they first check which company they would be trading and which authority regulates such company.

The FXCM is regulated by well-established and respected commissions and associations.

  1. First is the Australian Securities and Investments Commission (ASIC)
  2. Next is the Commodity Futures Trading Commission (CFTC)
  3. After that is the Financial Services Authority (FSA)
  4. Followed by the National Futures Association (NFA)
  5. Last but not the least is the Securities and Futures Commission (SFC)

FXCM Trading Station

Because of the development of the Trading Station, FXCM is now considered as one of the most innovative and technologically advanced brokers in the worldwide forex market. The trading station is now running exclusively for FXCM as FXCM Trading Station II. This advanced technology was developed for the FXCM NDD (Forex Capital Markets Inc, No Dealing Desk) business model. Because of unique and highly innovative features such as easy customization, one click trading, extensive reporting, and streaming quotes, FXCM Trading Station has been considered as a top of the line trading software. Other than that, FXCM also allows its traders to automate their trades with the use of Forex System Selector and Strategy Trader. However, the automated systems are free of charge depending on the balance of your trading account.

FXCM Metatrader

Aside from the FXCM Trading Station, traders are still free to use the FXCM MetaTrader 4 platform if they think that they are more comfortable with the platform. Similarly, choosing FXCM MT4 over FXCM Trading Station also depends on the marketing strategies that the traders will be using. The market, or specifically FXCM, does not stop the traders from using a combination of different platforms. If that is their way of being assured to succeed in the market, then they are still allowed to do so. Whatever is more effective and more efficient for the traders, they can always choose to do that.


The same with other forex brokers, a free demo account is also provided by FXCM. In here, the traders are allowed to use the FXCM Demo Account for up to 30 days only. After that, they have to upgrade to a real FXCM Account. The use of the demo account enables FXCM traders to get a feel as to how things go in the FXCM market. Also, traders will be given the chance to understand and explore the platforms employed by FXCM. Additionally, a $50,000 virtual fund is made available for the traders in order for them to do practice trading as if they are doing it in the real market.

FXCM Micro and Live Accounts

There are actually three different types of accounts, and they include the following:

  • FXCM Micro Account – a minimum deposit of $50 is required
  • FXCM Standard Account – a minimum deposit of $2,000 is required
  • FXCM Active Trader Account – a minimum deposit of $50,000 is required

For those traders who are still new to the forex market, choosing FXCM Micro Account over other accounts can be beneficial in that a minimum risk is involved.

FXCM Accounts

No Dealing Desk

One of the best features FXCM has is its NDD execution of trading. In this manner, all transactions between the trader and the broker will be direct. As a result, FXCM is able to execute the trading at the shortest possible time.

FCXM Spreads

FXCM actually depends on the currency pairs, but for EUR/USD, spreads is only as low as 1 pip. Unlike other brokers, FXCM has already proven to be very competitive with regard to forex trading.

FXCM Leverage

FXCM boasts itself for having one of the lowest maximum leverages in the forex market for as low as 50:1. FXCM believes that with a very little leverage, traders will be more on the winning side.

FXCM Trailing Stops

FXCM made trailing stops available for its traders in order for traders to monitor their risk management. FXCM even made it easier for traders in that with just a click of a button, they can already access such feature.


FXCM would like to prove to other brokers that they do not need to provide bonuses just so they could attract more customers. They continue to believe that even though they don’t offer bonuses, customers would still choose them because of their excellent services.

FXCM Managed accounts

The only sure thing about FXCM managed accounts is that they are made available upon the traders’ request.

FXCM Mobile Trading Accounts

Just like other forex brokers, FXCM traders are also able to do trading using their mobile devices like iPhone, BlackBerry, smartphones, and other mobile devices supported by the system.

Funds Deposit and Withdrawal

There are many ways for traders to deposit money into their accounts. The common ways are the use of major credit cards and wire transfers. What’s good about FXCM is that withdrawals can only be done by the authorized traders themselves. This makes the withdrawal method secure.

Overall Review

It is indeed true that choosing the right forex broker is not an easy thing to do. You have to know their backgrounds, their services, and their reputations before you finally deal with them. But with FXCM, traders are really safe for FXCM has already proven to be a top broker in the forex industry. This is the reason why up to this point in time, FXCM remains to be highly recommended to all traders, both experienced and beginners.

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