FXCM Broker Review

Name of the Company Forex Capital Markets, LLC
Established In 1999
Online since 2003
International Offices Australia, Chile, France, Germany, Greece, Hong Kong, Israel, Italy, Japan, Lebanon, United Arab Emirates, United Kingdom, United States
Payment Methods Check, Credit/debit cards, Wire transfer
Demo Account and Platforms MetaTrader 4,     Trading Station II,     MirrorTrader,

Active Trader ( All Limited with 30 days)

Account currencies Australian dollar, Canadian dollar, Euro, Great Britain pound, Japanese yen, New Zealand dollar, United States dollar
Different Currency Pairs AUD/CAD  AUD/CHF  AUD/JPY











Regulated or Registered By ASIC, CFTC/NFA, CONSOB (Italy), FSA (UK), SFC (Hong Kong),
Are US Traders Allowed? Yes
Languages in which website is available Arabic, Chinese, English, French, German, Greek, Hebrew, Italian, Portuguese, Russian, Spanish, Swedish
Languages in which support is available Arabic, Chinese, English, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu
Different Support Methods Email, Live chat, Phone
Types of Account (micro standard executive islamic)
Minimum Deposit in Accounts $2,000
Minimum position size 0.01 lot
Type of Spread Fixed
Minimum spread on EUR/USD, pips 2.5
Is Scalping Allowed Allowed
Is Use of Expert Advisor Allowed Allowed
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex – 1:50, Gold & Silver – 1:50, CFD – 1:50, Oil -1:50, Stocks – 1:50
Real Trading platforms MetaTrader 4, Trading Station II, MirrorTrader, Active Trader
Digits after the dot in quotes 5
Total Number of Currency Pairs 56
Is Free education Available Yes
Any Segregated accounts Yes
Islamic accounts available Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Is One-click trading option Available Yes
Mobile trading Allowed Yes
Browser-based platform Present Yes
Automated trading Present Yes

fxcmFXCM which is registered in the name of Forex Capital Markets LLC was established in the year 1993 and is one of many old companies which have been in the forex market for long. The company started their internet based online trading service only in the year 2003 and has reached many traders globally. They have three trading platforms out of which 3 is in house trading platform while the third one is the most used platform in the forex market that is Meta Trader 4. The three in house trading platforms include Active Trader, Trading Station II and Mirror Trader. The demo accounts also offers the same platforms but are limited to a use for 30 days. The company is also registered with NYSE which makes sure that the company will be there in the market for years to come. The company is liked by the professional as well as novice traders alike for its quality of service.

The company has its office in United States and is well regulated in Australia by ASIC, CFTC/NFA in USA, FSA in UK and by SFC in Hong Kong. This increases the reliability of the company and is liked by many traders. They allow traders from United States to trade from their account. The account currencies that are allowed include Australian Dollar, GBP, Euro, JPY, New Zealand Dollar and the United States Dollar. Their website and customer service is multilingual and is available in 12 and 11 languages respectively. Their service is excellent and they are well trained to handle trading queries of any type. They are very friendly and listen to the queries very patiently. The minimum deposit required to open an account with them is $2000 and the minimum position size is 0.01 lots. Their spread is fixed and hence the trader knows the cost of the trade before placing the order.

The reviews for FXCM show that it has overall a happy and satisfied customer. Most of their clients have written that it is one of the most reliable companies in the forex market. Their trading platform is excellent and that it offers them features which help them trade successfully. They allow many different account currencies in the trader’s account and are liked by many traders. Many of the traders who are from US like that they allow them to trade from their account. The traders like the fact that they allow scalping and also the use of Expert Advisor. They offer segregated account and is loved by many traders as it gives them the feeling that their money is safe. A few of the cons mentioned in the reviews is that they have very limited payment options and it should be increased. Secondly, the leverage offered by the company on all the trading instruments is only 1:50. Also, the minimum deposit required to open an account with them is $2000 and is quiet high amount for small traders. However, the overall reviews are good and the average rating given to the company by its users stands at 5.0 out of 10.

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