FXCM

Forex Capital Markets ( NYSE: FXCM )

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Details

BrokerForex Capital Markets ( NYSE: FXCM )
Website URLwww.fxcm.com
Founded1999
HeadquartersNew York
Support NumberTrading Station Web ( Onli
Support TypesPhone ( 0808 234 8789 ) , Fax, E-mail, Live Chat, Trading Desk
LanguagesEnglish , French , Chinese , Spanish , Hebrew , Italian , Russian , German , Arabic , Greek , Tagalog , Bahasa , Malay , Japanese
Trading PlatformTrading 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 Amount1,000 units
Leverage1:200
Spreadfrom 0,6 pips
Free Demo Account Open Demo
Regulated Yes
RegulationUnited Kingdom by the FCA (Registration number 21768 9 ), United States by NFA ( # 0308179 ) , Australia by ARBN ( 121934432 ) and AFSL ( 309763 ) , Hong kong and France.
Fees Yes
Fee Info£15/$25 Withdrawal fee by bank transfer
Account TypesBasic , Premium , Active Trader
Deposit MethodsCredit Cards , Bank Transfers , Paper cheque , ACD deposits ( only US )
Types of Assets50 currency pairs , CFDs ( stock index, oil, precious metal markets,..)
Account CurrencyAUD, JPY, GBP, CHF, NZD, USD, CAD, EUR
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Pros

  • UK / EU / US Regulated Broker ( Public company- NYSE Listed )
  • Low Spreads
  • Free $50,000 Demo Account
  • Excellent Customer Service

Cons

  • £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.

Trading Platforms

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 - Trading Station web

FXCM – Trading Station web

FXCM - Trading Station Mobile ( iphone )

FXCM – Trading Station Mobile ( iphone )

Trades

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.

Customer Service

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.

Deposit Options

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.

Customer Reviews on FXCM

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Average rating:  
 1 reviews
by Michael Campbell on Blank Product Name
FXCM
Pros: Belfast
Cons: Northern Ireland, UK
City, Country: Uk regulated, Stable platform

I like FXCM a lot.Their platform is very stable and their support is good.

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