It consists of a standard investment account with which you can trade on your own with any of the financial instruments offered by the broker on its investment platforms. FXCM is a UK broker with offices in several countries around the world and with high international regulatory standards. The broker offers you the possibility to trade on the Forex market and CFDs on stocks, commodities, indices and cryptocurrencies. Furthermore, FXCM does not charge commissions for trading and you may use EUR, USD, GBP and CHF as the base currencies. If you are interested in a broker with 20 years of experience with high international regulatory standards and free commission, FXCM may be a good alternative.

Access is provided through ZuluTrade’s own trading platform, where all you have to do is register with your FXCM account number. Important features, like account management or some research tools, are not integrated with the trading platform and you have to open separate web pages to use them. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Founded in 1999, FXCM is a Leucadia Company that once enjoyed a reputation as one of best forex brokers in the US. FXCM offers a proprietary trading platform Trading Station with a user-friendly and intuitive environment.

Account Types

We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a fxcm review qualified financial advisor before making any investment decisions. On the other hand, FXCM’s product selection is limited to only forex, CFDs and cryptos. Bank withdrawal fees are high and trading platforms lack a secure two-step login.

It Has The Best Fees

The good news is that FXCM clients can move between the different platforms as they please and trade through them using just one account. This is a tremendous broker and there have never been any withdrawal problems. The platforms are available for download, mobile usage and trading from charts. The company’s multilingual and highly professional client support is available 24/7 which a client can contact via different ways of communication. The team of fxcm review the wishes of the customers on a constant base to improve products to even higher quality. FXCM is an ideal choice for both beginner and advanced traders due to a variety of factors.

  • compared to other brands in the forex trading industry, providing 1 e-commerce features to better serve its customers.
  • It is clear FXCM recognizes the importance of education and has put together an impressive area to service this need.
  • The availability of the desktop trading platform enables traders to trade with the industry’s most powerful trading platforms.
  • FXCM offers a wide educational content with which you can constantly learn about the stock market.

Note, however, that the availability of these instruments is subject to regulations. If you’re more passionate about trading, and you have a large amount of capital to trade with, then the FXCM Active Trader program may be for you. As one of the best forex brokers for high volume trading, the Active Trader scheme lets you benefit fxcm review from rebates, API trading, market depth, and VPS hosting. To qualify for this account type, you’ll need to meet a minimum notional volume requirement of $10 million per month. To maintain a high-quality trading experience, FXCM offers its own Trading Station platform, as well as more well-known MetaTrader 4 and ZuluTrade.

I Had A Terrible Onboarding Experience

Low margin requirements and minimal negative slippage might attract scalpers to make the best use of it. Offering a safe trading environment, decent spreads, and increased transparency, FXCM can be a competitive option for both newbies and professional traders. FXCM is fully authorized and regulated by the Financial Conduct Authority – FCA in the United Kingdom. In compliance with the FCA regulations, the broker needs to maintain enough capital to avoid liquidation in any financial crisis.

Acquire electronic access to the liquidity of many forex institutions. Thank you for the review, we take client feedback very seriously. Clients can use a debit/credit card to fund and withdraw, as well as bank wire transfer, check, and ACH.

Authenticity Of Fxcm

You will benefit from multi-jurisdictional licenses and regulation, which serve to keep your funds secure. On top of that, you’ll also be protected by SSL encryption, compensation schemes, and various risk management tools. FXCM also has available the metratrader 4, which is the standard in the forex industry. Among other features it supports automated trading, it comes with comprehensive charting packages and a huge variety of technical indicators.

During this review of FXCM, our experts found that registering should take around 10 minutes. When it comes it customer support, FXCM offers its assistance for clients, 24 hours a day, 7 days a week, via email of phone. Unfortunately, they do not have live chat support, but the fact that they are available during weekend is a big advantage.

Fxcm Platform Account

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. Hedge funds, fund administrators, family offices, private equity funds, and other investment professionals.

Is FXCM regulated in South Africa?

FXCM South Africa (PTY) LTD is an authorized Financial Services Provider and is regulated by the Financial Sector Conduct Authority under FSP No 46534.

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