FXCM Review[wpsm_update date=”2018.12.05″ label=”Update”][/wpsm_update]
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
Regulated by ASIC, FCA, FSB[vc_row][vc_column width=”1/2″][vc_column_text][wpsm_titlebox title=”Broker Details ” style=”1″]
- Minimum Deposit – 50 USD
- Spread – from 0.0
- Maximum Leverage – 200:1
- Robot Trading – Yes
- Scalping – Yes
- Hedging – Yes
- Regulation – Yes
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Is FXCM Regulated?
Yes, FXCM is a regulated broker under the UK’s Financial Conduct Authority. In addition, FXCM is also regulated in several others countries such as ASIC in Australia, by the FSPR registrar in New Zealand.
In South Africa through FXCM SOUTH AFRICA (PTY) LTD regulated by the Financial Services Board, under the registration # 46534.
How safe is FXCM – Is FXCM a scam?
With close to 2 decades of operational history behind them, FXCM has taken every measure possible to ensure that their traders have a safe and secure trading environment to conduct their trading activities. As a testament to their commitment to the well being of their clients, FXCM has been winning many recognition awards for several international finance reviewers.
Where is FXCM based?
FXCM’s headquarter is based in the UK with its office location at 20 Gresham Street, 4th Floor, EC2V 7JE, London.
How does FXCM make money?
FXCM requires their clients to pay a small spread on top of the prices that they get quoted.
How to deposit in FXCM account?
To deposit funds in an FXCM trading account, traders can fund their trading account using their credit/debit cards or through a bank wire transfer.
How to withdraw money from FXCM?
The withdrawal of funds at FXCM by a trader can be done through credit card or bank wire transfer.
How to open an account with FXCM?
To open a live trading account, a trader has to complete the registration form on FXCM’s website and then submitting it to FXCM.
Is FXCM reliable?
Yes. Apart from being regulated by regulatory agencies, FXCM follows international best practices to ensure that their clients have a safe and secure trading environment.
Does FXCM use MetaTrader?
Yes, the MetaTrader 4 trading platform is also part of FXCM’s stable of trading platforms provided to all traders.
What is FXCM’s leverage?
The maximum available leverage is 1:30for clients based in the EU and 1:400 for clients based outside the EU.