FXCM Group, based in New York, is a leading worldwide online provider of foreign exchange trading and related services. Not many brokers are licensed to trade Forex in the US and FXCM is certainly one of the most experienced ones.
With Standard Accounts, raw spreads are displayed on FXCM US platforms and any mark-ups that had previously been included in the spread are presented separately as a transparent commission.
FXCM US took over the retail accounts from Alpari U.S. LLC in September 2013 and it is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
FXCM's pricing model allows traders to easily scalp the market, while providing increased execution benefits to stop and limit orders. In addition, FXCM clients benefit from no re-quotes, fast, efficient and transparent execution, with no restrictions.
FXCM Group offers several account types: Mini, Standard and Active Traders with 50:1 leverage on Forex. The Mini account lets traders enter the market with as little as $50, and includes innovative tools to help you develop good trading habits, right from the start.
The Standard account offers an exceptional trading experience, designed for serious traders who want FXCM’s full catalog of products and anonymous order execution with no trading restrictions – minimum of $5,000.
High volume investors can benefit from Active Trader that includes dedicated support, premium services and custom solutions. High-volume traders are eligible for greatly discounted pricing – minimum of $25,000.
In addition to Trading Station, its proprietary platform, FXCM Group uses the popular MT4 and Ninja Trader platforms.
The products offered are day trading, stop loss and take profit, as well as trailing stop / limit orders and entry orders..
Review info: FXCM
Review Date: 2018-09-16
Rating : 4.5
Reviewed By : Sara Patterson (Google+)