Leading US forex broker Forex Capital Markets, or FXCM, said on Monday it has launched an update to Trading Station, its proprietary trading platform, which has Smart Margin Watcher, a new feature that informs users when their accounts went into margin warning. The feature notifies traders in advance of margin calls, giving them more time to potentially avoid them.
After the update, Trading Station users can also use a Weekend Simulation to replay actual market data at real or accelerated speed even when trading is closed on weekends. The new feature requires no login credentials. Traders can use it to test strategies even at closed market hours.
Trading Station is available as a desktop and mobile application, as well as a web-based platform. The platform allows users access to exclusive for FXCM tools, including live news from DailyFX, which is FXCM’s news and analysis service, and Good Till Date, which is a unique order type that lets users execute at specific times, as well as the Real Volume indicators tool, which opens FXCM’s trading book of 200,000 traders around the world.
FXCM offers trading in forex, contracts for difference (CFDs), and spread betting services. In addition to Trading Station, the broker also supports the industry leader MetaTrader 4 (MT4) and NinjaTrader.
The broker is a registered futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). It has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France.