FXCM

* Ranked #5 of 316 in DailyForex's top broker list

Info

Name : FXCM
Website : fxcm.com/uk
Established : 1999
Country : United States
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Tight spreads, as low as 0.5 pips
  • 24/7 Customer Support
  • Training tools & research

Disadvantages

  • ($50 mini acct is available)
  • (we offer access to training tools & research)

FXCM Features

FXCM Features

FXCM has been listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. FXCM Group maintains its headquarters in New York, with offices in the U.K., Paris, and Australia. It is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). 

In terms of features, the stand-out strengths of this broker’s offerings are:

  • A wide choice of account types, including both market-maker and ECN-type accounts, plus an Islamic option.
  • A choice of the most popular trading platforms in the industry: including Metatrader 4 and the proprietary Trading Station.
  • An very wide range of instruments available for trading: all the major and minor Forex currency pairs; also, a wide range of commodities and global equity indices wrapped as CFDs. The range of commodities is not very large but includes the most popular items.
  • Regulated by a major industry center (FCA).
  • The market-maker type account can be opened as a spread betting account, which can be completely tax-free in the United Kingdom and the Republic of Ireland.
  • FXCM will program your algo strategies into an expert advisor, allowing you to automate your trading if you wish.
  • A very impressive range of trading analytics services, restricted to FXM real-money clients.

Company Information

  • Broker's Name : FXCM
  • Headquarter : United States
  • Regulation : ASIC, FCA

Account Information

  • Type of Broker : No Dealing Desk
  • U.S. Clients Allowed :
  • Minimum Deposit : $50 ?
    Standard: $2000, Mini: $50
  • Maximum Leverage : 1:50
  • Commissions / Spreads : Variable
  • Account 1 : Mini
  • Account 2 : Standard
  • Account 3 : Active Trader
  • Demo Account :
  • Islamic Account :
  • Segregated Account : no (non-US clients)
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :

Instruments Traded

  • ETFs :
  • CFDs : yes (Non-US Clients Only)
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Proprietary platform, Web-based
    • Platform Languages :
      • English
      • Spanish
      • Italian
      • French
      • German
      • Other
      • Chinese
    • OS Compatibility :
      • Windows
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

Review info: FXCM
Review Date:
Rating : 4.5
Reviewed By :