Forex Capital Markets ( NYSE: FXCM )
|Broker||Forex Capital Markets ( NYSE: FXCM )|
|Support Number||Trading Station Web ( Onli|
|Support Types||Phone ( 0808 234 8789 ) , Fax, E-mail, Live Chat, Trading Desk|
|Languages||English , French , Chinese , Spanish , Hebrew , Italian , Russian , German , Arabic , Greek , Tagalog , Bahasa , Malay , Japanese|
|Trading Platform||Trading Station Web, Trading Station desktop, Trading Station Mobile, Metatrader 4, Active Trader, Mirror trader, Ninja Trader, ZuluTrade|
|Minimum 1st Deposit||£50|
|Minimum Account Size||£50|
|Minimum Trade Amount||1,000 units|
|Spread||from 0,6 pips|
|Free Demo Account||Open Demo|
|Regulation||United Kingdom by the FCA (Registration number 21768 9 ), United States by NFA ( # 0308179 ) , Australia by ARBN ( 121934432 ) and AFSL ( 309763 ) , Hong kong and France.|
|Fee Info||£15/$25 Withdrawal fee by bank transfer|
|Account Types||Basic , Premium , Active Trader|
|Deposit Methods||Credit Cards , Bank Transfers , Paper cheque , ACD deposits ( only US )|
|Types of Assets||50 currency pairs , CFDs ( stock index, oil, precious metal markets,..)|
|Account Currency||AUD, JPY, GBP, CHF, NZD, USD, CAD, EUR|
|US Traders Allowed|
- UK / EU / US Regulated Broker ( Public company- NYSE Listed )
- Low Spreads
- Free $50,000 Demo Account
- Excellent Customer Service
- £15/$25 Withdrawal fee by bank transfer
FXCN, a NYSE listed broker, first to offer a ” No Dealing Desk ” execution model in UK
FXCM ( Forex Capital Markets ) is a publicly traded company listed on the New York Stock Exchange ( NYSE : FXCM ) with headquarters in New York. It was was founded in 1999. They also have subsidiaries in the UK, France, Italy, Hong Kong, Japan and Australia. The utilities that FXCM have to offer are different apps, including social networking sites. You can also share your trading information with your friends as well but that is entirely at your discretion.
They have many trading platforms to offer their clients, these include:
• Trading Station Web.
• Trading Station Desktop,
• Trading Station Mobile
• Meta Trader4
• Active Trader
• Mirror Trader , Ninja Trader , ZuluTrade
Fxcm has a Real account which is live which you can open so that you can start trading.
They also offer you a Free £/$ 50,000 practice account too which will enable you to practice trading.
There are different trading accounts and the minimum deposit for any account is $50 that includes the FXCM Active Trader too.
There are three accounts which you can open and they are:
• Basic: It offers live support 24/6, it also offers spreads at a low of 1.3, you can deposit £/$ 50
• Premium: It offers 24/7 support which is live, it offers spreads as low as 1.3, you can deposit £/$ 5,000 and you also get a relationship manager
• Active Trader: You can deposit £/$ 25,000 it too offers live support 24/7 and it also offers spreads as low as 0.5 you will also get commission, a relationship manager and you also get a service team which is dedicated
Commissions and Spreads
At FXCM, you will be offered spreads what access you have to them will depend on the execution you decide to choose.
At FXCM they have two types of execution for you to choose from and these are No Dealing Desk execution and Dealing Desk execution.
In their No Dealing Desk forex execution , the traders trade on the rates provided directly from the major banks and institutions, and FXCM can provide competive spreads on the main currency pairs.
The term Pip is an acronym and stands for Price Interest Point.
FXCM.co.uk has customer service agents who you can contact 24/7 no matter what your query is or what your question is they will be able to help you and give you the relevant information you require.
At Fxcm.co.uk, there are many ways in which you can deposit your funds, FXCM will accept:
• Credit/Debit card
• Bank Wire
• Paper Cheque
• ACH Deposits (but this is only in the U.S.)
Broker Regulations and Safety of Funds
FXCM is regulated in United Kingdom ( FCA) , United States ( NFA ) , Australia ( ARBN, AFSL ), Hong Kong ( SFC CE ) and France ( ACP )
Accounts with FXCM LTD ( UK ) are segregated to meet the strict rules of FCA ( Financial Conduct Authority ) in the UK.
FXCM Review: Summary
FXCM is a leading world-wide forex provider with award winning trading platforms ( web, online and mobile ) to trade 24 hours a day.
One of big benefits to trade with FXCM is to deal with ” No dealing Desk” forex execution, with the lowest spreads. on the major currencies , because the traders get the rates directly from a large network providers such as global banks, financial institutions,..
They provide free trading education to help them to improve their trading knowledge, as well free news , videos and market research.
Being able to use their practice ( demo) of £/$ 50,000 account is also a good thing as you can practice.