FXCM
1.8/5

FXCM

✔User-friendly platform. ✔ Low minimum deposit.
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Home » FXCM

Forex Capital Markets (FXCM) is among the leading providers of forex trading, CFD trading, and spread betting in the world.

Pros
  • User-friendly platform.
  • Excellent research resources.
  • Low minimum deposit.
  • Zero transaction charges.
Cons
  • High inactivity fee.
  • No two-step safe login on either web or mobile platforms.
  • No 24/7 support service.

Having been established in 1999, the broker has over two decades of experience. Its global presence makes it trustworthy, and we highly recommend it, whether you are a newbie or professional trader looking for reliable forex, CFD, and spread betting broker

fxcm official site
FXCM
fxcm broker
fxcm mobile
fxcm official site
FXCM
fxcm broker
fxcm mobile

FXCM – Who Are They?

FXCM is a UK-based broker with various branches spread globally. Its primary mission is to ensure traders globally get access to the most liquid and largest markets. It does so by supporting traders with innovative trading tools and premium resources. You will also access plenty of tradable assets, including over 40 currency pairs

This broker also ensures you get to trade on safe platforms by complying with the regulations of various financial authorities. They include the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and more

FXCM review

Newbies willing to learn can also benefit from learning content and professional trading advisors. There is also a risk-free demo account on FXCM funded with $20,000 virtual funds to use when practising how it works. 

FXCM offers various platforms to choose from, including the MetaTrader 4, packed with an abundance of trading tools to boost your experience. There is also the ZuluTrade platform, which is specifically tailored for traders looking for automated functions. For example, you can use it to subscribe to signals from other global traders and mirror positions with high-profit potential. 

Compare FXCM With Other Brokers

Compare with other broker
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FXCM logo
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$300
Bank Wire Transfer, Credit cards, Neteller, Skrill
Free
Free
No
No
Free
MetaTrader 4, Trading Station, TradingView, NinjiaTrader, Zulutrade
FCA, ASIC, CySec
Yes
Yes (up to $85,000)
48
40
10
No
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eToro logo
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Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Plus500 logo
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Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$100
Bank Wire Transfer, Credit cards, Paypal, Skrill
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Plus500 Webtrader
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2000+ (CFDs only)
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4 (CFDs only)
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9 (CFDs only)
CMC Markets logo
Visit site
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
No
Credit cards, Paypal
0.08%
0.11%
From 0.7 pips
0.08%
From 0.3 pips
MetaTrader 4
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Yes
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8,000
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13

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Our Opinion About FXCM

FXCM is an easy-to-use broker with excellent features that will engage any trader long-term. It has a proprietary trading platform known as Trade Station that is loaded with quality trading tools to help you become independent. 

Creating a trading account at FXCM is straightforward, and it takes a few minutes to get it done. The broker also has a mobile app that executes trades fast, whether on Android or iOS mobile devices. This has made it easier for traders to access financial markets and trade on the go. 

The minimum deposit requirement at FXCM is $50, which in our opinion ranks among the lowest. You will not incur deposit and withdrawal charges, and trading fees are also low. However, FXCM charges a relatively high inactivity fee. If your account remains dormant for a period exceeding one year, a $50 monthly charge will be applied. 

This broker’s customer service is dedicated to ensuring you find relevant solutions to any arising trading issues. Even though they operate five days a week, their operating hours are not limited. They respond fast when contacted via phone, email, and live chat

Undoubtedly, FXCM is an excellent broker for newbies and expert traders alike, especially those on a low budget. However, ensure you are an active trader to enjoy your experience.

Thadeus Geodfrey
Thadeus Geodfrey

is a copywriter with extensive experience in trading. Thadeus knows exactly his field and what he writes about. His goal is to make life easier for traders and provide them with important information about brokers. Now, he continues to be active in trading and researching brokers for you.

There is no need to doubt his experience because the guides Thadeus writes speak for themselves. He knows exactly what to draw your attention to and will tell you truthfully about each trading platform.

FXCM Details

Licences
TradingGuides Rating:
✔ User-friendly platform.
✔ Low minimum deposit.
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
5.0
Customer support
4.0
Commissions & Fees
3.0
Platform & Tools
4.0
Research
4.0 Overall Rating

4 Replies to “FXCM”

  • Vincent Sinkala says:

    FXCM is a good broker.
    I like easy website and low spreads is why I am here

  • Gulgowski says:

    Can anyone tell me the way to withdraw money out of my own account with FXCM?

  • Ted Carter says:

    Well, looking back then when I started trading, I did a lot of research and evaluated brokers from Forex.com to Plus500, eToro to Fxview, IG To IC Markets, and so on (as the list is a never-ending one!).
    Now, after 6 years, I am working with Fxview and FXCM- and I have never faced any issues with both of them. The support they provide- especially, when talking about FXCM, is amazing and most reliable around. Withdrawals are fast! However, FXCM does have small issues in terms of entry set as well as the slippage. So, at times when I set stop sell or buy, it does not take it from the entry of my choice.

  • Laurence says:

    It is a very reliable broker and around for some time!

    The offer is aimed at trading beginners, who may also want to take advantage of an extensive training program and a free demo account, as well as experienced traders, who can also use ready-made algorithms in trading.

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