FXCM Review 2024

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Overall Rating
Commissions Rating
Education Rating
Service Rating
Founded 1999
Regulation FCA, ASIC, SFC, CONSOB, BaFin, ACP
Standard account $300
Leverage 1:30
Spread 1.3-1.5

FXCM General Information

Established in 1999, FXCM has carved a niche for itself in the global financial markets. Boasting a rich history spanning over 17 years, the firm has emerged as a premier and leading conglomerate of investment entities, catering to a diverse clientele from across the globe. Strategically headquartered in the bustling hub of New York City, FXCM is among the select few online forex brokers extending its elite services and offerings to the citizens of the United States. FXCM's global footprint is evident with representative branches dotting the world map – from European nations such as the UK, Germany, France, Greece, and Italy to Asian powerhouses like Hong Kong, Japan, and other regions including Australia, Chile, Tel-Aviv, and Lebanon. This widespread presence speaks volumes about FXCM's reach and influence.

To ensure consistent reliability and stability, FXCM operates under the vigilant eyes of prominent regulatory authorities including the CFTC, FSA, ASIC, SFC, and CONSOB. This strict regulatory oversight further reinforces FXCM's reputation as a dependable and transparent entity in the financial sector. Consequently, the firm's rating consistently ranks among the highest across various financial media outlets, forums, blogs, and expert reviews.

Diversifying its offerings, FXCM provides trading avenues not just in currency pairs but also in Indices, Stocks, Metals, and Oil. To ensure a seamless trading experience, the broker presents an array of trading platforms such as the trading station, FXCM Active Trader, web trading station, Mirror Trader, metatrader 4, and more. These platforms cater to diverse needs, offering downloadable versions, mobile-friendly interfaces, and chart-based trading options.

FXCM's commitment to client satisfaction is evident in its 24/7 multilingual support. The highly-trained support team is always at hand, accessible through various communication channels. They continually engage with clients, gathering feedback to refine and elevate the quality of FXCM's products and services.

A major differentiator for FXCM is its expansive network of forex liquidity providers. This positions FXCM to deliver competitive spreads on major currency pairs, typically ranging from 2.5 to 3.5. With a prudent leverage of 50:1, FXCM ensures a balanced risk-reward ratio, safeguarding client interests. Potential traders can explore the platform using a free practice account, with a micro demo account not limited by size. Account options are varied, with mini and micro accounts starting from $50, and standard accounts from $2,000. Additional features include mobile trading, one-click order execution, and real-time chart trading.

Recognizing the learning curve associated with forex trading, especially for beginners, FXCM provides comprehensive educational resources on the nuances of currency trading. Clients also benefit from complimentary news updates and in-depth market research curated by the esteemed experts at DailyFX.com. Should traders encounter challenges, they can rest assured that FXCM's responsive and efficient client support will address their concerns promptly.

FXCM: Pioneering Excellence in Online Trading

Since its inception in 1999, FXCM has distinguished itself as a frontrunner in online foreign exchange (FX) trading, CFD trading, spread betting, and associated services. The company’s driving ambition has always been to bridge global traders with the vast and dynamic world of forex - the planet's most voluminous and fluid market. How do they achieve this? By championing innovative trading instruments, engaging top-tier trading mentors, upholding stringent financial norms, and ceaselessly pushing the envelope to offer a paramount online trading encounter.

With FXCM, clients are equipped with cutting-edge features such as mobile trading, instantaneous order execution, and the privilege of trading directly from real-time charts. Moreover, for those venturing into FX trading or looking to enhance their skills, FXCM provides comprehensive educational modules. The firm further elevates the trading experience by furnishing unique trading tools, exclusive data, and prime resources.

A noteworthy offering, FXCM Pro, grants retail brokers, budding hedge funds, and nascent market banks a gateway to wholesale execution and liquidity. Meanwhile, high to medium frequency funds can tap into prime brokerage amenities via FXCM Prime.

The Power of Association: FXCM & Leucadia

From January 2015, a strategic alignment transpired. Leucadia Investments, an integral segment of Jefferies Financial Group's merchant banking division, emerged as the predominant economic stakeholder in FXCM. This partnership brought the clout and expansive reach of the Jefferies conglomerate to FXCM. 

Leading the charge in solidifying this partnership are Rich Handler and Brian Friedman, the CEO and President of Jefferies, respectively. Both industry stalwarts play pivotal roles in the FXCM Board of Directors, underscoring their commitment to FXCM's vision.

A Deep Dive into Leucadia and its Legacy

Previously known as Leucadia, Jefferies Financial Group Inc. (NYSE: JEF) represents a crucial facet of the merchant banking landscape. The U.S.-based Jefferies stands tall as the sole independent, full-service global investment banking entity. Their repertoire includes investment banking, sales, trading, asset management via Jefferies Group LLC, and a myriad of ventures within its merchant banking portfolio.

The Synergy between FXCM and Leucadia/Jefferies

Jefferies, renowned for offering expertise, insight, and execution to an array of stakeholders - from investors and corporations to governmental bodies, extends its prime brokerage services for FX trading exclusively to FXCM.

Putting You at the Forefront

At FXCM, it's not just about trading; it's about crafting an unparalleled brokerage for every trader. Our mission is to hand you the tools and environment to optimize your trading journey. By consistently integrating avant-garde tech solutions, ensuring transparent execution, and providing quality pricing, we aim to guide our traders seamlessly through the financial markets' labyrinth. And whenever you need us, our dedicated customer support team is accessible around the clock, with strategic global hubs in cities like London, New York, Melbourne, and beyond.

Pioneers in Commission-Free Trading Platforms

Earning accolades as a top-tier provider, we proudly offer unmatched online services in foreign exchange (FX) trading, stocks, CFDs, cryptocurrency, and an array of financial services across the globe.

Embark on Your Crypto Journey

  • Seamlessly deposit and engage in cryptocurrency trading.
  • Comprehensive trading solutions tailored to cater to both novices and experts.
  • Experience world-class customer service that sets us apart.

Master the Markets with Our Free Practice Account Delve into the world of Forex, Gold, and CFDs without any risks. Our practice account, loaded with 20,000 virtual currency, lets you hone your skills confidently. Introducing TradingView Pro Integration Elevate your trading experience with FXCM's seamless integration with TradingView Pro. Engage in live trading directly from your comprehensive TradingView Pro charts. FXCM's Trading Station: An Advanced Experience Discover our exclusive forex and CFD trading platform, optimized for Mac, Android, and iOS. A confluence of technology and innovation awaits.

FXCM's Legacy of Excellence: An Award-Winning Journey

From the moment of its inception, FXCM has been a beacon of excellence in the financial industry, continually cementing its position at the forefront. A testament to this commitment is the plethora of awards and honors the firm has received over the years, highlighting its superior brokerage and trading services.

The global canvas of forex and CFD trading brings together a diverse set of participants from every conceivable geographical location. Understanding the complexities and nuances of this vast network, FXCM has strategically established an expansive infrastructure. This includes a formidable network of associates and third-party affiliates. Their collective aim? To elevate and optimize the trading experience for every single customer, irrespective of their global position.

Since marking its presence in 1999, FXCM has consistently pushed the boundaries of what's possible in the forex market. Whether it's showcasing technological brilliance, pioneering innovative strategies, or crafting intuitive solutions, FXCM's endeavors have always been about driving forward momentum. The numerous acknowledgements and accolades received over the years stand as proof of FXCM's commitment to furthering the growth and potential of forex and CFD trading.

A Celebration of FXCM's Achievements

In the ever-evolving and dynamic world of forex, maintaining a leadership position is no easy feat. Yet, FXCM has not just managed to stay ahead, but it has done so with distinction. The recognition FXCM enjoys as a top-tier brokerage isn't merely a matter of chance. It's a reflection of an unwavering commitment to serving both retail and institutional clients with unparalleled dedication, integrity, and expertise.

The Essence of Our Culture

At the heart of our culture lies our most invaluable asset: our people. Their dedication and unwavering commitment resonate with the three fundamental pillars that we, as an organization, stand upon.

  • Customer Centricity. Our journey begins and thrives on our customer-centric approach. Specialized expertise is married with meticulous attention to detail, ensuring that every interaction is a testament to our dedication. We are not just committed to our customers; we are driven by their needs, priorities, and aspirations.
  • Unwavering Integrity. Integrity isn't just a value; it's our ethos. From our customers and partners to our diligent employees and broader stakeholders, our actions are deeply rooted in doing what's right, fair, and ethical.
  • Adaptive Agility. In a rapidly evolving landscape, agility is our strength. Our teams are adept at navigating the ever-changing industry nuances, business climates, and customer expectations. Armed with seasoned experiences and a hunger for continuous learning, we are always poised to chart new territories.
  • Our Guiding. North Star For over two decades, FXCM's unwavering purpose has been clear: to walk side by side with FX and CFD traders at every interaction, be it a call, click, or a mere tap.
  • Our Roadmap to the Future. Our ambition extends beyond the status quo. Our strategic vision propels us to consistently enhance our brokerage, streamlining processes and experiences for every individual who engages with FXCM.
  • Life Within FXCM's Walls. Many among our FXCM family have witnessed and contributed to over a decade of our legacy. They stand as testament to the core beliefs that define life here:
  • A Mosaic of Diversity. Our strength is our diversity. Hailing from different corners of the world, our teams bring a wealth of varied perspectives, innovative solutions, and a refreshing approach to challenges. Though geographically dispersed across six continents, we converge with a unified purpose.
  • Embodying Resilience. We firmly believe that resilience paves the way for sustainable success. Our team members, with their indomitable spirit, are ever ready to face challenges head-on, adapting and excelling in any business climate.
  • Transparent Communication. Transparency is at the core of our operations. We champion open dialogues, fostering a culture where thoughts, ideas, and concerns are freely exchanged, fostering mutual respect and trust within our ranks.
  • A True Meritocracy. At FXCM, talent and innovation are celebrated. We thrive on meritocracy, ensuring that brilliance and groundbreaking ideas always find their voice. With our open-door policy, we guarantee that every voice, regardless of rank or role, is heard, valued, and has the potential to leave a lasting impact.

Welcome to FXCM PRO: The Epicenter of Institutional Trading

Introducing FXCM PRO FXCM PRO stands as the formidable institutional arm of FXCM, crafted to cater to retail brokers, hedge funds, and the burgeoning market banks. Our robust associations with top-tier banks, premier non-bank liquidity providers, prime broker liaisons, and cutting-edge tech vendors collectively empower our customers, offering them unmatched market access par excellence.

An Esteemed Leucadia Entity Originating in 1999, FXCM has been a forerunner in online FX and CFD trading. Nestled within the prestigious Leucadia family, which falls under the merchant banking division of Jefferies Financial Group, our alliance amplifies the premium services we extend to our vast clientele.

Optimized API Solutions FXCM's state-of-the-art matching engine is a boon for retail brokers:

  • Experience unparalleled cash deployment optimization via FXCM's unique cross collateralization of FX and CFD PnL. Consolidate all customer positions into a singular account for optimized cash management.
  • Take advantage of ticket sizes as minimal as 1k for every currency pair, sans any hidden fees, courtesy of FXCM's industry leadership.
  • Fortify your client-server connection by harnessing the prowess of FXCM’s technology mavens.
  • For automated traders, our FX model, coupled with superior index and commodity CFD offerings, promises unparalleled execution experiences.

Prime Brokerage Evolved FXCM Prime is tailored for those desiring comprehensive market data and execution avenues across diversified trading platforms. All with the simplicity of a centralized, consolidated account. From capturing trades across various ECN and single bank trading platforms to ensuring efficient allocation of net open positions, FXCM Prime is your holistic solution.

Commitment to Transparency FXCM Prime customers establish individual agreements with every trading venue. This ensures that trading commissions directly serve each ECN, ensuring FXCM's genuine agnosticism to your choice of trading platforms. Centralized Excellence Trade across a plethora of platforms like Currenex, EBS, and more, culminating in a centralized PnL display across all trading mediums. Unified Allocation Manage your risks across all platforms with a single net open position limit, removing the need for intraday limit alterations.

Exclusive Offerings FXCM Prime welcomes:

  • High-Frequency Trading Firms
  • Emerging to Mid-sized Hedge Funds
  • Proprietary Trading Entities
  • Small-scale and Emerging Market Banking Institutions

Wholesale Solutions Dive into the world of bespoke pricing with FXCM’s Institutional API, uniquely suited to match your distinctive trading requirements. Harness FXCM's extensive liquidity partnerships and tailor your trading experience for optimal outcomes.

Enhanced Connectivity Partner with FXCM to unlock unparalleled connectivity solutions:

  • Boost your connectivity speed, especially in burgeoning markets.
  • Enjoy the proximity to FXCM’s globally located matching engines.
  • Exploit multiple API channels for seamless trading automation.
  • Integrate effortlessly with FXCM's extensive partner ecosystem, ranging from bridge providers like OneZero to platform providers and charting tools.

Join us on a journey where innovation meets tradition, only at FXCM PRO.

FXCM Trading Information 2024

Address
Forex Capital Markets Ltd. Gresham Street, 4th Floor, London EC2V 7JE
Support Phone
+44 7537 432259
Support e-mail
info@fxcm.co.uk
Trading software

At FXCM, we understand the unique needs and preferences of our diverse clientele. To cater to this spectrum of traders, we've meticulously curated a suite of top-tier trading platforms. Each software is designed to offer a distinct experience, ensuring that every trader finds a platform tailored to their style and requirements.

  • FXCM Trading Station (Desktop/Web/Mobile): A versatile and user-friendly interface that offers seamless access across devices. Whether you're trading from your desktop at home, browsing on the web during a break, or monitoring trades on-the-go with your mobile, the FXCM Trading Station ensures consistent functionality and a unified trading experience.
  • FXCM Active Trader: Crafted for the seasoned and professional traders, this platform provides advanced tools and features, including one-click trading, enhanced reporting, and deeper liquidity for larger trade volumes.
  • MetaTrader4 (MT4): One of the most popular trading platforms worldwide, MT4 is lauded for its user-friendly interface, technical analysis capabilities, and algorithmic trading tools. Its wide acceptance also means an extensive community for shared resources, indicators, and scripts.
  • NinjaTrader: A powerhouse for serious traders, NinjaTrader offers advanced charting, analysis, and automation capabilities. Its customizable interface, combined with sophisticated strategy development tools, makes it a favorite among professionals.
  • ZuluTrade: Ideal for those who prefer social and copy trading, ZuluTrade connects traders and investors, allowing users to follow and replicate the strategies of leading traders in real-time.

With this extensive array of platforms, FXCM is dedicated to ensuring that every trader, whether novice or expert, has the tools and software they need to navigate the dynamic world of trading efficiently. Join us and explore the platform that resonates with your trading aspirations.

Free Education

At FXCM, we believe that the true essence of trading extends beyond mere transactions—it's about empowering our clients with the right knowledge and tools. Investing in your education is not an added cost with FXCM; it's a fundamental part of your journey to financial growth. While every trader relishes the adrenaline rush of a sudden lucrative trade, the veterans of the trade will attest that consistent profitability demands patience, strategy, and discipline.

We're not just here to offer a platform for trading; we aim to sculpt proficient traders. To ensure this, we've meticulously designed a range of cutting-edge tools and enriched resources tailored to elevate your trading prowess.

Decoding the Traits of Successful Traders Diving deep into our vast pool of trade data from 2014, we unearthed some intriguing patterns shared by our top-performing traders. For instance, while the general consensus might push most traders to jump into action during the bustling hours of the day, our elite group of traders think otherwise! They've recognized the untapped potential of trading outside these conventional time windows. Timing, as they say, can be everything, dictating not just how you trade but also what you choose to trade.

This is but a glimpse into the treasure trove of insights we've gathered. Join us, and unlock a plethora of habits, strategies, and nuanced techniques that can pave your path to trading success. With FXCM, you're not just trading—you're evolving.

Support

Dive deep into our extensive collection of articles designed to address the most frequently asked questions about our platforms, product offerings, and a myriad of other topics. Our Help Center is not just a database; it's a treasure trove of knowledge, designed to assist and enlighten you at every step. Whether you're searching for specific information or merely browsing to learn more, our resources stand ready to guide and inform. So, don't hesitate! Begin your journey of discovery in our Help Center and empower your trading experience with valuable insights and solutions.

Available Assets

At FXCM, we take pride in offering a comprehensive and diversified selection of assets to cater to the varied interests and strategies of our global clientele. Our commitment to diversification ensures that traders, regardless of their preference, find an asset class that aligns with their trading goals. Here's a deeper look into the tradeable assets available at FXCM:

  • Indices: Delve into the world of stock indices, providing a snapshot of the financial health of a particular stock market sector. With FXCM, you can engage with major global indices, benefiting from the broader market movements rather than focusing on individual stocks.
  • Commodities: Commodities trading offers an opportunity to venture into tangible goods like oil, gold, and agricultural products. These assets can serve as a hedge against inflation, diversify a portfolio, or tap into global economic trends.
  • Treasury: The treasury market is essential for those who want to trade government bonds and related securities. At FXCM, traders can explore various government debt instruments, leveraging the stability and reliability associated with many national economies.
  • Forex (Foreign Exchange): Engage in the dynamic world of currency trading, capitalizing on the fluctuations of currency pairs. With the forex market being the largest and most liquid in the world, FXCM provides access to major, minor, and exotic pairs, ensuring opportunities regardless of market conditions.

Whether you're a seasoned trader or just beginning your journey, FXCM's wide array of tradeable assets provides the flexibility and potential to craft a portfolio that fits your objectives. Join us and navigate the financial markets with confidence and diversity on your side.

Currencies

Engage with the behemoth of financial markets – the forex, where every day sees an astonishing trading volume surpassing $5 trillion. Not only is it the world's largest financial marketplace, but its robust depth and unparalleled liquidity also make it a favored arena for traders, from novices to seasoned professionals.

This dynamic ecosystem offers a plethora of opportunities, powered by its continuous operations, with transactions taking place 24 hours a day. The vastness of the forex market is driven by an interconnected web of global banks, financial institutions, governments, and individual traders, all converging to buy, sell, or exchange currencies.

For those seeking to immerse themselves in an environment that pulses with energy, offers immediate access to global economies, and presents the chance to harness potential profits from even the slightest price fluctuations, the forex market stands unmatched. It's not just a trading platform; it's a global stage where ambition, strategy, and analysis meet, drawing in active traders from every corner of the world. Join the elite club and navigate the thrilling waters of the forex with confidence and precision.

Commodities

Dipping into the world of commodity trading? There's a reason seasoned traders and novices alike choose FXCM as their platform. Here's a breakdown of the compelling reasons to trade commodities with us:

  • Embrace a Precision Approach: Commence your trading journey on your terms. With FXCM, you can start small, allowing you to maintain greater control over your trades. Our micro-contract sizes mean you aren't compelled to invest large amounts from the get-go. This not only affords you the flexibility to be cautious but also ensures you risk less on individual trades, especially when you're just beginning or testing a new strategy.
  • Amplify Your Potential with Leverage: FXCM offers the opportunity to trade some of the most sought-after commodities globally, enhancing your portfolio's diversity. Our leverage mechanism can be a potent tool in your trading arsenal. While it can amplify your potential returns, it's essential to note the inherent risks. Our transparent margin requirements ensure you're always informed. Yet, always be cautious and remember that trading on margin can magnify both your profits and potential losses.
  • Versatility in Trading Direction: One of the notable benefits of CFD trading on commodities is the ability to capitalize on both rising and falling markets. Whether you anticipate a commodity price to surge (opting to go long) or predict a downturn (choosing to go short), FXCM ensures the execution of your strategy is just a click away. Such flexibility can be pivotal in adapting to ever-evolving market conditions.
  • Global Market Reach: Commodities are traded worldwide, and with FXCM, you gain access to these global markets. Whether you're interested in precious metals, agriculture, or energy resources, you can access and trade these commodities with ease.

FXCM isn't merely a platform for trading commodities. It's a gateway to understanding, interacting with, and profiting from the global commodities market. With tools designed for both novices and professionals, FXCM aims to provide a comprehensive and user-friendly trading environment. Delve into the vibrant world of commodities and explore the myriad opportunities that await with FXCM.

Stocks

Embarking on a trading journey? Choosing the right platform can redefine your trading experience. Here's why trading shares with FXCM might be your best choice.

  • Begin with Precision: For those who wish to start with a conservative approach, FXCM provides a unique advantage. You have the freedom to control and scale your position size in increments as precise as 1/10th of a share. Such granularity offers an unparalleled level of control, allowing you to manage your risks and opportunities effectively.
  • Maximize Potential with Leverage: At FXCM, you can tap into a wide array of top international share CFDs spanning across regions like the US, UK, HK1, AU, and Europe. What’s more, our low margin requirements mean you don't need to commit a large amount of capital upfront. While the allure of leverage is undeniable, it's paramount to tread carefully. Trading on margin can boost your profits, but it can also escalate your losses. We provide a generous margin allowance, requiring only 20% to enter the market. This allows for more potential profit opportunities but always be mindful of the risks.
  • Dual Directional Trading: With FXCM's CFD trading, you're not confined to just profiting from rising stock prices. Whether you're bullish and foresee a stock rising (going long) or bearish with an anticipation of a dip (going short), FXCM's platform ensures your trading strategy is just a click away. It provides the flexibility to speculate on both, the ascent and descent of a stock's value.
  • Versatile Trading Platforms: Every trader has their preference when it comes to trading platforms. With FXCM, you're spoiled for choice. Whether you're comfortable with Trading Station, prefer the globally recognized MT4, or wish to integrate with our system through API, we've got you covered. Each platform offers a unique experience tailored to suit various trading needs and styles.

In Summary: Trading shares with FXCM isn't just about the act of buying and selling. It's about empowering you, the trader, with tools, flexibility, and opportunities. Whether you're a novice looking to dip your toes or a seasoned trader aiming for bigger ventures, FXCM offers a seamless, comprehensive, and rewarding trading experience. Dive in and harness the power of global stock markets with us.

Indices

When diving into the vast world of financial trading, the platform you choose plays an instrumental role in shaping your experience. Trading indices with FXCM provides an array of advantages, designed to optimize your trading journey.

  • Begin with Baby Steps: Trading can be daunting, especially for novices. That's why FXCM offers micro-contract sizes, allowing you to start small and scale your positions gradually. This reduced size offers increased flexibility, permitting you to manage your risks more effectively by risking less capital per trade.
  • Amplify Your Opportunities with Leverage: FXCM empowers you to trade some of the globe's most sought-after indices using leverage. This can magnify your potential profits; however, it's crucial to approach leverage with caution. While it can amplify your gains, it can equally magnify potential losses. An informed and strategic use of leverage can be a powerful tool in your trading arsenal.
  • Flexibility in Trading Direction: Indices trading with FXCM is not just about speculating on rising markets. The beauty of CFD trading is the ability to profit from both rising and falling markets. Whether you're optimistic (going long) or pessimistic (going short) about market directions, a simple click is all it takes to place your trade, allowing you to capitalize on your market predictions.
  • Economical Transactions: We believe that trading should be as straightforward and economical as possible. That's why when you trade with FXCM, you'll benefit from commission-free trades. Say goodbye to exchange fees, as the only transaction cost you'll encounter is the spread. This approach can lead to potentially lower overall trading costs, making your trading journey more cost-effective.

In Conclusion: Choosing to trade indices with FXCM unlocks a suite of benefits tailored to enhance your trading experience. From the flexibility of micro-contracts to the power of leverage and the economy of lower transaction costs, FXCM offers a robust platform for both seasoned traders and those just beginning their trading adventure. Join us and discover a trading experience designed with you in mind.

Cryptocurrencies

Navigating the volatile world of cryptocurrency trading requires skill, precision, and the right tools. One such tool is the ability to manage your position sizes with granularity, ensuring you're in control of your trades at all times.

Benefits of Small Contract Sizes:

  • Precision in Control: With small contract sizes, traders can adjust their position with fine-tuning, allowing for greater control over potential gains or losses.
  • Scaling Opportunity: Small contract sizes allow for incremental adjustments, enabling traders to scale their positions based on market conditions and their trading strategy.

At FXCM, we've fine-tuned this feature for our clients. A single BTCUSD contract equates to just 1% of the Bitcoin's underlying price, providing a perfect balance between risk and opportunity.

  • Leveraging Cryptocurrencies at FXCM: FXCM offers the chance to trade top-tier cryptocurrencies with a leverage of 2:1, translating to a 50% margin. This means you can control larger positions with a smaller capital outlay. However, as the rewards grow with leverage, so do the risks. It's vital to remember that margin trading can amplify both profits and losses.
  • Flexibility in Trading Approach: With FXCM, CFD traders enjoy unparalleled flexibility. Whether you anticipate a surge in price or a dip, you can easily go long or short with just a button click. This allows traders to capitalize on the ever-changing crypto market dynamics, be it a bullish or bearish trend.
  • Safety and Security with FXCM: One of the inherent challenges in trading actual cryptocurrencies is the decision of storing them. With the increasing number of security breaches, where do you store your holdings safely? FXCM eliminates this concern. Instead of buying and storing actual cryptocurrencies, you're essentially speculating on their price movements. No need to fret over the safe-keeping of your digital assets.
  • FXCM's Legacy of Excellence: With a legacy spanning two decades, our platforms have weathered the test of time, emerging more feature-rich and resilient than ever. While new trading platforms pop up regularly, ours stand out with advanced features that are miles ahead of most nascent platforms. Regardless of your current holdings, with FXCM, you have the liberty to trade any cryptocurrency product of your preference.

In Conclusion: Trading cryptocurrencies offers a realm of opportunities. With FXCM's robust features and platforms, coupled with the flexibility to trade as you see fit, you're well-equipped to navigate the dynamic world of cryptocurrency markets.

VPS

When diving into the world of trading, ensuring your strategies run seamlessly is of the essence. One such way to achieve this is through the use of a Virtual Private Server (VPS). But how do you choose the right VPS provider?

Steps to Selecting a VPS Provider:

  • Research: Begin by exploring VPS service providers that cater specifically to traders.
  • Compatibility: Ensure that the VPS you consider is compatible with your trading platform, be it MetaTrader 4, Trading Station, or any other.
  • Performance Metrics: Examine the server uptime, speed, and latency, as these factors can significantly impact your trading operations.
  • Customer Support: Opt for a provider that offers round-the-clock support, especially if you're trading in different time zones.

Advantages of Using a Virtual Private Server:

  • Flexibility: One of the prime benefits of a VPS is the flexibility it offers. With a VPS, you aren't bound to keep your personal computer running. This means that even if you shut down your PC, your Expert Advisor (EA) will continue to operate, ensuring that your trading strategies are executed without interruption.
  • Dedicated Environment: A VPS is dedicated solely to your trading activities. Unlike standard servers, where multiple applications may compete for resources, a VPS ensures that only your EA trading strategy runs, optimizing performance and reducing potential system lags.
  • Remote Access Capabilities: Accessibility is key in the fast-paced world of trading. With a VPS, you have the convenience to access your trading platform from anywhere globally. This is especially useful if you're traveling or using a computer where your primary trading platforms, like MetaTrader 4 or Trading Station, aren't installed. All you need is internet connectivity, and you're good to go.

The trading world is evolving, and to stay ahead, leveraging tools like VPS becomes crucial. By choosing the right VPS provider and understanding its benefits, traders can ensure continuous, efficient, and flexible trading, no matter where they are.

Copy Trading

In a bid to provide traders with an enriched trading experience, FXCM has integrated the renowned copytrading platform, ZuluTrade. This collaboration seeks to offer both novice and seasoned traders a chance to leverage the expertise of successful traders around the world. What is ZuluTrade? ZuluTrade, a globally recognized platform, connects traders and investors. It allows users to follow, and automatically copy, the trade decisions of professional traders, ensuring participants can harness the skills of experienced traders.

Integration with FXCM Trading Station By seamlessly integrating ZuluTrade with the FXCM Trading Station account, traders can now benefit from a more diversified trading approach. This combination promises a synergy that capitalizes on FXCM's robust trading infrastructure and ZuluTrade's expansive network of proficient traders.

How Does It Work? Once an FXCM account holder chooses to link their account with ZuluTrade, they can browse through a curated list of top-performing traders on the ZuluTrade platform. After selecting the traders they wish to follow, all trading actions by the chosen professionals will be automatically replicated in the user's FXCM account in real-time.

Why ZuluTrade with FXCM? The amalgamation of FXCM's advanced trading environment with ZuluTrade's copytrading capabilities means that traders can:

  • Benefit from the wisdom of a community.
  • Diversify their trading strategies.
  • Mitigate potential risks by leveraging professional insights.
  • Enjoy a more hands-off trading approach if they choose.

Safety and Transparency Both FXCM and ZuluTrade prioritize the safety and transparency of their operations. While ZuluTrade provides detailed performance analytics of its listed professional traders, FXCM ensures that the integration adheres to the highest standards of security and efficiency.

The collaboration between FXCM and ZuluTrade marks a significant stride in democratizing forex trading. By providing traders access to expert insights and strategies, this partnership ensures that traders, regardless of their experience, have a better shot at success in the dynamic world of forex trading.

Trading signals

Our intuitive trading signals are designed to guide your trading decisions seamlessly, providing you with clear insights on when to initiate a purchase, when to offload, and pinpointing the optimal positions for your stops and limits. These signals aren't just sporadic recommendations; they're the result of real-time data analysis, operating continuously 24 hours a day, 5 days a week. This constant stream ensures you're equipped with the most up-to-date information, enabling you to make informed and strategic decisions in the ever-evolving world of trading. Whether you're a novice or an expert, these signals serve as a reliable companion in your trading journey.

Payment Methods

At FXCM, we understand that flexibility and convenience in funding methods are crucial for our clients. Thus, we offer a broad range of payment options to cater to the diverse needs of traders worldwide.

  • Debit/Credit Card: For those who seek quick and straightforward transactions, using a debit or credit card is an ideal option. It's not only convenient but also allows for prompt account funding.
  • Paper Cheque: Traditionalists can rely on the tried-and-true method of sending a paper cheque. While it might take a bit longer for processing compared to electronic methods, it remains a secure and dependable choice.
  • EFT & Bank Wire (Electronic Funds Transfer): These are efficient methods for larger transfers, ensuring safe and secure transactions directly between banks. Especially for traders who make substantial deposits or withdrawals, electronic funds transfer offers both peace of mind and expediency.
  • Skrill: Recognizing the growing demand for digital payment platforms, FXCM has integrated Skrill, one of the leading e-wallet services. It offers an easy-to-use interface, swift transactions, and added security features.

No matter your preference, FXCM ensures that each transaction process is streamlined and secure, making your trading journey smooth right from the initial funding. Choose the method that suits your needs, and let us handle the rest.

Account currencies
EUR, USD, GBP, AUD, CHF, JPY, CAD
Commissions

FXCM takes pride in delivering some of the most competitive spreads in the market across our range of currency pairs and CFD instruments. We understand that tight spreads can make a significant difference in a trader's profitability, and therefore, we're constantly striving to ensure our clients receive the best value. For our Active Traders, the benefits don't stop at competitive spreads. Recognizing their commitment and higher trading volume, we offer substantial discounts on spread costs. The more you trade, the more you can save, enabling you to maximize your trading potential. This tiered approach ensures that our dedicated traders receive rewards that reflect their trading activity, ensuring that both occasional traders and high-volume professionals find value and fairness in our pricing structure.

Join FXCM today and experience a trading environment where value meets performance, and every trader gets an edge.

Languages
English, Spanish, French, German, Arabic, Chinese, Italian, Greek
Broker Type
Broker
Spread Type
Variable

Minimum Lot Size: 1000

Digits After Dot
5

Yes   24/5 Trading

Yes   Demo account

Yes   Daily Analytics

Yes   Swaps

Yes   Hedging

Yes   Scalping

Yes   Mobile Trading

Yes   Automated Trading

Yes   Minus Protection

FXCM Traders Reviews

  August 26, 2023  

I've been with FXCM for about two years and their overall service is commendable. Order execution is consistently fast, but I've noticed a slight lag during major announcements or events, which is somewhat common in the sector. My experience with withdrawals has been mostly smooth, though I faced a couple of delays. I wish the support team had preemptively informed me about the reasons, but once I reached out, they were prompt and helpful.

  August 3, 2023  

My experience with FXCM suggests that it may not be the best choice for traders keen on scalping strategies. There's a noticeable hike in the spreads, which skyrocket between the hours of 12 midnight and 3 am. Such volatility, especially in the forex market, can be detrimental to scalping efforts where thin margins often determine profitability. Additionally, the issue of slippage is recurrent, a challenge that can significantly impact trading decisions and outcomes. Every trader understands the importance of reliable and accurate data, so it's concerning to note the inconsistencies between the information presented on FXCM's site and the actual trading environment. Another point of contention is the absence of the PAMM (Percentage Allocation Management Module) investment system. Many brokers, including several with similar or even lesser reputations, have already incorporated this feature, recognizing its growing demand in the modern trading ecosystem. To sum it up, while FXCM has its strengths, its offerings seem misaligned with its proclaimed standards of service. Some traders might find value in their platform, but considering the challenges I've highlighted, potential users should approach with caution and ensure it meets their specific needs.

  July 4, 2023  

I'm particularly impressed with the range of trading tools FXCM offers. They have been beneficial in my trading decisions. However, they could reconsider their commission structure for better competitiveness, especially for high-volume traders. Trading with a regulated broker like FXCM provides peace of mind. Over the years, they've proven to be reliable. I feel confident knowing my funds are with a broker that follows industry standards.

  June 20, 2023  

I began my trading journey with FXCM approximately two years ago. Based on my experiences and interactions over this period, I would classify their performance and offerings as “satisfactory.” Delving into their platform, one would notice the plethora of services and functionalities they provide. The range of trading tools available is extensive, catering to traders of varying experience levels and preferences. However, as a trader always on the lookout for diversified investment opportunities, I found the absence of a PAMM (Percentage Allocation Management Module) service quite surprising. Given FXCM's standing in the industry, it's unexpected that they haven't incorporated such a sought-after feature, especially when many of their counterparts offer it. Additionally, while the platform does promote several intriguing programs, I've found that some of these offerings did not live up to the hype or the expectations set by their marketing. Such discrepancies can be disheartening for traders who come with specific expectations based on the promises made. In essence, FXCM, while robust and functional, still has room to elevate its game. They brand themselves as a leader in the brokerage realm, but based on my experiences, they align more with the standards of an average broker. I believe with some introspection and incorporation of user feedback, they can genuinely rise to the top echelon of brokers in the industry.

  May 10, 2023  

FXCM scores highly on the transparency front. No hidden fees or charges. Their list of tradeable assets is vast, catering to my diversified trading needs, though I'd love to see them expand their cryptocurrency offerings. The platform stability is one of the reasons I stick with FXCM. Rarely have I experienced any downtimes, and their mobile app is intuitive and efficient, albeit with room for a few UI improvements.

  February 10, 2023  

FXCM is a globally recognized and esteemed brokerage firm. My overall assessment of their services places them in the "B" category - reliable with some areas for improvement. Their trading platform offers a diverse range of tools, catering to the specific needs and preferences of traders, both novice and veteran. The spreads they provide are reasonable, and while this is commendable, potential traders should be cautious of their notably high leverage. The website stands out with its multifunctional features and user-friendly interface, primarily offered in English. For those keen on learning and enhancing their trading skills, FXCM does provide educational resources. However, these materials don't necessarily stand out from what's commonly available in the industry. A significant advantage for global users would be to mitigate the inconvenience of mandating a VPN service for users accessing the platform from certain locations. This could certainly enhance the user experience for international traders. Furthermore, the introduction of cent accounts would be greatly appreciated. These accounts are particularly beneficial for those wishing to refine and test their trading strategies without the risks associated with larger sums. In sum, while FXCM has proven itself to be a reliable choice for many traders worldwide, there's always room for refinement. It's a broker that stands on solid ground but can undoubtedly reach greater heights with some adjustments.

  January 11, 2023  

I'm impressed with FXCM's analysis tools - comprehensive and regularly updated. Their educational content is beginner-friendly. Seasoned traders might seek more in-depth resources, though. XCM offers an array of features suitable for different trading strategies. Their fee structure, while mostly competitive, could benefit from revisiting some of the overnight and weekend fees.

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