Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action. FXCM provides traders with its proprietary Trading Station, the MT4 trading platform, NinjaTrader, and ZuluTrade. Since FXCM houses a prime brokerage unit, research and education are naturally provided to all traders. Besides an incredibly detailed economic calendar and third-party market news, FXCM provides traders with a daily newsletter powered by Trading Central.
There is no need to worry if a session is missed, as thanks to the webinar archives, it is easy to catch up. There is also a large video library and a number of training manuals to help increase a trader’s competency. There is also access to tools such as analysis charts, a free daily newsletter and an economic scanner, allowing you to stay current with all the latest news and new developments. The economic calendar, too, is a valuable tool to help keep up with the predicted events and how they might affect the markets.
The bulk of its business consists of no-dealing trading desk transactions, which typically priced at three pips and lower. Going through the dealing desk will save some traders one pip on most currency pairs, and active traders can take advantage of even lower spreads. A Demo NinjaTrader account is also available for practising with £50,000 of dummy funding. The ZuluTrade peer to peer (P2P) auto trading platform is also offered on site, allowing you to autotrade based on signals issued by your selected traders.
They also claim to have pip spreads as low as 1 pip so to be honest you’ll almost never see that, 2 and above yes. They do have an iPhone app and well what can I say it needs help (no trailing stops and limited to a 5 min chart). Now for the good FXCM offers multiple classes durning the day for new and advanced traders and I can’t say enough good things about those.
A FXCM trading account has now been assigned to your Sierra Chart account. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.
It ensures better spreads and customer support compared to the standard accounts. For example, https://broker-review.org/fxcm/ the EURUSD spread is 0.2 at Active Trader account, while 1.3 at the standard account.
You are free to begin your forex trading career with as much money as you see fit. Trading Station Desktop http://broker-review.org/ is the right choice for traders who want more advanced functionality from their Trading Platform.
Opening an Account
All services and products accessible through the site /markets are provided by FXCM Markets Limited with registered address Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda. It is important that you read and consider the relevant legal documents associated with your account, including the Terms of Business issued by FXCM Markets before you start trading. FXCM offers its clients a variety of tools and resources to help them become more educated and sophisticated traders. The FXCM trading station helped me to make trades where I made some money.
UK based traders can take advantage of the Spread Betting account, featuring tax-free trading. FXCM caters to institutional clients through its prime brokerage unit labeled FXCM Pro. FXCM earns the majority of its revenues from the mark-up on spreads across assets.
- FXCM offers two VPS solutions, charged at $30 or a currency equivalent per month.
- At FXCM, opening a live forex trading account is quick and easy.
- Traders surpassing $150 million in notional trading volume will benefit from a reduction to $25.
- Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.
- LimitedNo protectionBMAFXCM Markets LimitedFXCM provides negative balance protectionfor forex spot and CFD trading, but only for retail clients from the European Union.
- It provides four free API solutions for traders across the spectrum to develop automated trading solutions that communicate directly with the FXCM trading server.
Companies under the FXCM umbrella are also regulated in Australia and Canada.76.4% of retail accounts lose. Professional trading accounts for clients that can evidence substantial trading expertise. These accounts offer higher leverage; however, clients are not eligible for the same legal protections provided to retail clients. FXCM does not charge for any type of fund deposits and standard traders are not charged commissions on trades.
Founded in 1999, FXCM Group is an international online forex and CFD brokerage brand. The company is based in the UK and its head office is located at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom. You can trade with FXCM either through the MT4 bridge, or with a direct API connection through the FXCM plugin.
For trading accounts, there is a choice of two different types of account at FXCM, a Standard account and an Active Trader account. The brokerage firm also maintains offices in several jurisdictions such as Australia and South Africa. The broker is well known in the online trading community for suffering massive losses when the Swiss franc was unpegged from the US dollar in 2015.
I consent to receive educational trading material and information about FXCM’s products and services. Trade your opinion of the world’s largest markets with low spreads and enhanced execution.
Rest assured that no matter your strategy or size, FXCM gives you the opportunity to fully-customise the trading experience. At FXCM, opening a live forex trading account is quick and easy. All you need to do is confirm your country of residence and complete the online application. All live account holders enjoy access to Free Live Forex and CFD Trading Signals inside FXCM PLUS, FXCM’s live account portal.
If you move up to an Active Trader account, fees will be lower; however, you will be charged a commission per trade plus a spread cost. The FXCM platform is easy to navigate around and new customers will find it’s a simple matter to answer most common questions via the FAQs section of the site. A comprehensive fxcm broker knowledge base and education centre also offers a lot of information about trading strategies for beginners or experts. By trading with securities you are taking a high degree of risk. BrokerChooser.com is not providing any investment advice, we only help you find the best broker suitable for your needs.
Choose whether to trade in Great Britain pounds, US dollars or in the euro. To get the best from the FXCM demo account, you may need to make some adjustments to your results to make it realistic.