Forex Capital Markets (FXCM) is among the leading providers of forex trading, CFD trading, and spread betting in the world.
- User-friendly platform.
- Excellent research resources.
- Low minimum deposit.
- Zero transaction charges.
- 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 – 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
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
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.