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FXCM Broker: Reviews and Specifications

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FXCM Discussion

FXCM Broker
  • Website: www.fxcm.com
  • Founded: 1999
  • Company: Forex Capital Markets Ltd.
  • Headquarter: 55 Water St., 50th Floor, New York, NY 10041, USA
  • Regulation: NFA US # 0308179; FCA # 217689; ASIC, ARBN: 121934432, AFSL: 309763 (Australia); SFC CE # AIM232 (Hong Kong); ACP (Italy)

Open Account

International officesUnited Kingdom • Germany • Australia • France • Italy • Greece • Hong Kong • Japan • Israel • Chile • Lebanon • United Arab Emirates
Broker TypeECN/STP • DMA/STP
Broker StatusIndependent Broker
Accept U.S ClientsYes
Live ChatYes
PhoneToll-Free:+1 888 50 FOREX (36739)
U.S. and Int’l:+1 212 897 7660
FaxToll-Free:+1 877 229 0004
U.S. and Int’l:+1 212 897 7669
Email[email protected]
Website LanguagesEnglish, French, Portuguese, Spanish, Arabic, German, Russian, Italian, Japanese, Dutch, Chinese, Greek

 

Account Information

Free Demo AccountYes
Min. Deposit$50
ECN account$25,000
Account CurrenciesUSD • EUR • AUD • JPY • GBP • NZD • CAD
Maximum Leverage400:1 (50:1 for US clients)
Minimal Order Volume0.01
Segregated accountsYes
Swap-free AccountsYes
MAM/PAMM accountsMAM
Managed accountNo
Interest on marginNo
Deposit/ Withdraw OptionsBank Transfer • Visa/ Mastercard • ACH • Paper Check

 

Trading Terms

Trading Platforms
  • MetaTrader 4
  • Trading Station (Desktop, Mobile, iPhone, iPad, iPod touch, Android, Blackberry, Web, Mac)
  • NinjaTrader
  • Mirror Trader
  • ZuluTrade
Precision pricing5 digits
Type of SpreadFloating
Commission
  • no – Mini & Standard account
  • yes – ECN account
Lowest spread on EURUSD
  • 1.5 pips – Mini account
  • 1 pips – Standard account
ScalpingYes
HedgingYes (No for US clients)
Expert AdvisorsYes
OCO ordersYes
Mobile TradingYes
Web TradingYes
Gold, SilverYes (No for US clients)
CFDsYes
Cryptocurrency TradingBitcoin
Other Trading Instruments Stocks • Indices • Energies • Spread betting
PromotionYes FXCM Bonus
Trading Contests No

See also:

  1. InstaForex – 55% Bonus on Each Deposit
  2. Swissquote Broker: Reviews and Specifications
  3. Fusion Markets Broker: Reviews and Specifications
  4. Finotec Broker: Reviews and Specifications

Reader Interactions

Comments

  1. Indonesia Trader says

    October 23, 2012 at 6:07 pm

    There have complain around but I think every business does have complain. I traded with FXCM for few months and the spread is not bad and affordable, actually it’s slower compare with other brokers I also have trading account.

    If there have another good point then it’s pro support service, I like their live chat service thou it’s a bit hard to get connect, so many people need support I think.

    Reply
  2. Aman, Malaysia says

    September 21, 2012 at 5:34 pm

    FXCM is well-known broker, they famous and regulated but I am not really happy with them! If you want to go with this broker then trading station platform will be a better choice, don’t try MT4 as the connection is really bad!

    Be noted that the spread is really at above 2 pips in most time. They are not scam for sure but they stink!

    Reply

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