FXCM’s award-winning Trading Station platform enables mobile trading, one-click order execution and trading directly from real-time charts. The company is a global provider of Forex trading, offering a large network of Forex liquidity institutions.
Overview
FXCM is one of the largest and most advanced Forex brokers on the web. Founded in 1999, it has since become the favourite choice of millions of traders looking for a reliable, user-friendly and modern broker.
FXCM’s services are available to customers around the world, and the company is regulated by the following bodies: NFA, CFTC, SFC, ASIC, CONSOB, FCA, DGCX, BaFIN, ACP and AMF. Their website is available in over 10 languages, including Arabic, Russian, Hebrew, English, German and more.
| General Information about FXCM | |
|---|---|
| Min. Deposit | $50 |
| Supported Languages | Arabic, German, Greek, English, Spanish, French, Hebrew, Italian, Japanese, Russian, Turkish, Chinese (Mandarin) |
| Supported Currencies | EUR, GBP, USD |
| Website | https://www.fxcm-markets.com/ |
| Phone Number | +357 22022619 |
| Support Email | info@fxcmmarkets.com |
| Headquarters Address | 33 Neas Engomis Street, 2409 Engomi, Nicosia, Cyprus |
Platforms & features
Platforms |
PC / MAC |
Smartphones |
Tablets |
|---|---|---|---|
| MetaTrader 4 | |||
| FXCM Trading Station | |||
| FXCC Zulu Trade | |||
| Mirror Trader | |||
| Ninja Trader | |||
| FXCM Trading Station Web |
Traders using FXCM’s services can choose from a long list of trading platforms. The most popular option is MetaTrader 4, but there are several other choices such as Mirror Trader, Zulu Trade, Ninja Trader and the unique web, mobile and desktop Trading Station platforms.
One of the most popular features offered by FXCM is its unique educational centre, which can help beginner, intermediate and expert traders improve their skills. FXCM is preferred by many people for several other reasons: low spreads on major currency pairs, favourable leverage conditions and the opportunity to use an unlimited demo account.
| Trading Information | |
|---|---|
| Trading Platforms | MetaTrader 4, TradingView, ZuluTrade, Trading Station |
| Demo Account | |
| Hedging | |
| Scalping | |
| US Traders | |
| Arabic Traders | |
Trading assets
On FXCM’s trading platforms you’ll have access to a wide range of currency pairs, including popular ones such as EUR/USD, USD/CHF, USD/JPY and more. Apart from Forex trading, the platforms also support trading in CFDs (gold, silver, crude oil, etc.). Take a look at FXCM’s website to find out more about the available assets.
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 1.8 pips |
| EURGBP | AVG 2.3 pips |
| EURUSD | AVG 1.3 pips |
| GBPUSD | AVG 1.7 pips |
| NZDUSD | AVG 2 pips |
| USDCAD | AVG 2.2 pips |
| USDCHF | AVG 1.6 pips |
| USDCNY | AVG 7.5 pips |
| USDJPY | AVG 1.4 pips |
| Brand | Minimum | Fees | Processing Time |
| $50 | No Fees | 1 business day | |
| $50 | No Fees | 1 business day | |
| $50 | No Fees | 1-5 business days | |
| $50 | No Fees | 1 business day | |
| $50 | No Fees | 1 business day | |
| $50 | No Fees | 1 business day |
| Brand | Minimum | Fees | Processing Time |
| - | No Fees | It’s up to the payment system | |
| - | No Fees | It’s up to the payment system | |
| - | No Fees | 5 business days | |
| - | No Fees | It’s up to the payment system |
Reliability
In terms of reliability, FXCM is one of the best Forex brokers you can find. Its services have been used by millions of people over the years, and there are very few complaints about the company. The main reasons for this are the excellent trading system, website and platforms, as well as the user-friendly and knowledgeable support staff who are ready to provide assistance 24/7.
Depositing or withdrawing money is quick and easy and can be done via one of the following methods: credit/debit card, wire transfer, ACH and paper cheque. FXCM is also well-known for requiring a very low minimum deposit of just $50. You can choose between eight account currencies (AUD, JPY, CHF, NZD, USD, CAD, EUR and GBP).
| Market | Leverage |
|---|---|
| Commodities CFDs | 1:20 (ASIC | Retail Account) |
| Commodities CFDs | 1:20 (CySEC | Retail Account) |
| Commodities CFDs | 1:20 (FCA | Retail Account) |
| Commodities CFDs | 1:20 (FSCA | Retail Account) |
| Commodities CFDs | 1:10 (ASIC | Retail Account) |
| Commodities CFDs | 1:10 (CySEC | Retail Account) |
| Commodities CFDs | 1:10 (FCA | Retail Account) |
| Commodities CFDs | 1:10 (FSCA | Retail Account) |
| Commodities CFDs | 1:20 (ISA | Retail Account) |
| Crypto CFDs | 1:2 (ASIC | Retail Account) |
| Crypto CFDs | 1:2 (CySEC) |
| Forex CFDs | 1:30 (ASIC | Retail Account) |
| Forex CFDs | 1:30 (CySEC | Retail Account) |
| Forex CFDs | 1:30 (FCA | Retail Account) |
| Forex CFDs | 1:30 (FSCA | Retail Account) |
| Forex CFDs | 1:100 (ISA | Retail Account) |
| Indices CFDs | 1:20 (ASIC | Retail Account) |
| Indices CFDs | 1:20 (CySEC | Retail Account) |
| Indices CFDs | 1:20 (FCA | Retail Account) |
| Indices CFDs | 1:20 (FSCA | Retail Account) |
| Indices CFDs | 1:40 (ISA | Retail Account) |
| Share CFDs | 1:5 (ASIC | Retail Account) |
| Share CFDs | 1:5 (FCA | Retail Account) |
| Share CFDs | 1:5 (FSCA | Retail Account) |
| Share CFDs | 1:5 (CySEC) |
Bonus offers
The only promotion offered by FXCM at the moment is its referral programme. Through it, traders can receive a bonus for every friend or family member they refer to FXCM’s services. If you refer someone who registers an account with FXCM, both you and the referral will receive a $100 trading bonus! Keep in mind that this bonus isn’t available for withdrawal unless certain requirements are met.
