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.
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.