Although we found some very useful aspects of the FXCM platform that would be useful to some traders. Explore the FXCM platform and train yourself to think systematically and logically about the markets. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store.
This product is unique to FXCM and is formed of a combination of cryptos, Bitcoin (BTC/USD), Ether (ETH/USD), Ripple (XRP/USD), Litecoin (LTC/USD) and Bitcoin Cash ABC (BCH/USD). Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Active Trader Account 👤
Spreads are dynamic and subject to market conditions, including volatility and liquidity, ensuring that traders benefit from fair pricing aligned with market realities. FXCM brokerage fees offer flexibility for traders with different styles and account preferences. FXCM’s long-standing presence in the industry, coupled with its transparent operations and compliance with international financial laws, further solidifies its credibility.
Trading Conditions Analysis
The platform boasts powerful charting capabilities, allowing users to perform technical analysis with a range of indicators and drawing tools. FXCM is a broker with a great reputation, coverage of many regions, established operation for many years, and a Broker with a great selection of trading platforms. Moreover, the broker provides third-party tools such as Mirror Trader and ZuluTrade.
This includes live analysis, video tutorials, webinars, and coaching. On the website, you will find many videos explaining the trading platforms and different strategies. If you are nursing any doubt or fears about the platform, then reach out to customer support and lay your complaints or challenges. For each deal traded on the platform, there is a kind of fee attached to it, which the trader is to clear. The fees highlighted above are passed on to the trader per round turn basis.
The Standard Account is ideal for retail traders, providing competitive spreads and access to a range of popular trading instruments. The Active Trader Account is designed for high-volume traders, offering reduced spreads, premium support, and exclusive benefits. For those interested in tax-free trading, FXCM offers the Spread Betting Account for residents in the UK and Ireland.
Does FXCM offer CFD trading?
There is a trade off in that some responsibility for trading decisions is given over to a third party. FXCM have done well to set up the link with one of the best-known social traders as this means clients have a choice of four, very different, but very special trading platforms. Ninja Trader has a funky feel but don’t think it is lightweight due to its user-friendly appearance. The attractive features of this platform run far deeper than the aesthetics.
Excelent customer service
This concealed relationship led to a conflict of interest between FXCM and its users, which resulted in users losing money. FXCM (Forex Capital Markets) is a forex broker founded in 1999 in New York, currently based in London, UK. Global Brokerage, Inc. the previous parent company of FXCM filed for bankruptcy in late 2017. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun.
Additionally, through the various affiliated offices, the broker provides access to the residents in Greece, Israel, and South Africa, thus becoming a truly global broker. It is worth noting that most of the educational materials provided by this broker are only available to registered traders. While basic introductory materials are accessible before registration, most of the advanced materials are only accessible to Standard and Active Trader account holders. As explained earlier, FXCM charges tight spreads plus commissions for the Standard and Active Trader accounts. The commission depends on the currency pair traded, type of trading account, and the volume traded. For the EUR/USD pair, FXCM charges a commission of as little as £4 per standard round-turn lot.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Stocks, currency and other commodities and instruments will be brought or sold by FXCM even if no buyer or seller is lined up. Please note that the list of payment methods below depends on the FXCM Entity and the client’s Country of Residence. You can trade a wide variety of instruments with FXCM over instruments in fact. This means that FXCM have publically listed and you can officially buy/sell shares in FXCM on one of the worlds global stock market exchanges.
Broker Types
You can check if a signal provider is profitable or not and then choose to copy it. In addition, this software got good risk management tools for social trading. Platform-wise, FXCM utilizes a variety of trading platforms such as MetaTrader4, NinjaTrader, and FXCM’s own TradingStation. Each platform is available in most mobile stores and is compatible with a majority of android and iOS mobile and tablet devices for on-the-go traders. Opening a live account with the broker is a straightforward process that enables traders to access various financial instruments. Here is a step-by-step guide on how to open a live account with FXCM.
Email Support at FXCM
- To lure more traders, FXCM needs to recalibrate its client services by providing more avenues to help its traders get the best trading conditions and trade with a lot more ease and convenience.
- The broker is the winner of FXEMPIRE Best Customer Support Award 2018 and 2017.
- The research portal has a basic set of trading tools like financial calendar, diurnal technical levels, and third party market apprises.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- The trading fees are always depending on the trading instrument and financial product.
For those seeking additional investment strategies, FXCM supports ZuluTrade and NinjaTrader, both of which offer social trading opportunities. Traders can also access a wide range of Trading Guides that explain market concepts, trading strategies, and the use of specific trading tools. These resources are designed to make complex trading ideas accessible, helping traders improve their decision-making. Research Resources are also available through FXCM’s various platforms, such as market analysis, reports, and expert insights that keep traders informed on global economic events and market conditions. Our testing reveals that FXCM’s Trading Station platform is equipped with a wide range of tools for efficient market analysis and trading. It supports various order types, including market and limit orders, providing flexibility for different trading strategies.
- They also provide professional education and research sections that are available for free.
- Whether you are a beginner or an advanced algorithmic trader, FXCM has plenty of options.
- One plus point for many is that FXCM offer spread-betting as well as CFD trading on ‘standard’ accounts.
Technical language and terminology can be confusing with brokers like FXCM.Choosing or shortlisting a trading platform like FXCM can be time consuming. The offer of market research and analysis tools is not exactly at the top of the food chain but is certainly above-average. The offer of educational content is extensive, providing great overall forex-related education to traders of all skill levels.
Overall, these measures indicate that FXCM Capital is safe for trading. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Between 74-89% of fxcm canada review retail investor accounts lose money when trading CFDs. Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone.
The learning portal offers an extensive forex education and board tutorials. Customers can register for live courses or listen to the previous recordings. There is a separate video collection that focuses on platform tutorials instead of technical and fundamental education.