FXCM Review: Global forex broker offering Trading Station and MT4

fxcm-250FXCM is one of the biggest providers of online forex and CFD trading, spread betting and related services worldwide. It is a top US broker in terms of both retail trading volume & client deposits, registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).

FXCM takes regulation, investor protection and financial transparency very seriously— as a global publicly traded company, regulated in several jurisdictions, it meets stringent requirements and financial standards. What is more, it offers excellent trading conditions on an array of platforms.


Regulation: CFTC (US), FCA (UK), ASIC (Australia), and AMF (France)
Online since: 1999
Trading model: NDD (Dealing desk on Mini accounts)
Trading platforms: Trading Station (proprietary), MetaTrader 4, and NinjaTrader; Copy trading available through ZuluTrade and Mirror Trader
Min. Deposit: $50
Min. Trade size: 0.01 (micro lots)
Max. Leverage: 1:400 (1:50 for US clients)
Bonus: No

Cost of trading

– averaged 1.5 pips on EUR/USD on commission free accounts
– averaged 0.5 pips on EUR/USD on commission-involving ones
Commission: 1.8 – $4/£1.8 – £3 per standard lot (per side), depending on trading volume

Latest news about FXCM

Global Brokerage (ex FXCM Inc.) turns to net profit in 2016, repays $30 mln to Leucadia in Mar 2017

Global Brokerage Inc. (NASDAQ:GLBR), formerly known as FXCM Inc., reported on Monday it turned to net profit of $43.9 million in 2016

FXCM’s Feb 2017 retail trading volume plummets by double-digitin and outside the US

Forex giant Forex Capital Markets (NASDAQ:FXCM) generated in February 2017 a trading volume of $239 billion, which represents a drop of 24%

US forex brokers continues to slowly stabilize total retail deposits in Jan 2017

The combined retail forex client deposits of brokers operating in the US continues to slowly, but steadily stabilize, indicated the latest data

FXCM repays $238 mln to lender Leucadia, has $155 mln in outstanding payments

Forex Capital Markets (FXCM) has $155 million outstanding payment to US lender Leucadia National Corp. in the form of principal, interest and

Gain Capital completes FXCM customer base transfer, its brand Forex.com becomes largest US forex broker

Forex brokerage Gain Capital [NYSE:GCAP] announced it has completed the transfer of more than 47,000 accounts from the US branch of Forex

TradingView is working on adding support for Gain Capital

TradingView, an online charting tool and a trading platform in onе, said on Wednesday it is in the process of negotiating the

FXCM Inc gets renamed Global Brokerage Inc, group gets new management

Forex group Forex Capital Markets (NASDAQ:FXCM) said on Tuesday it will change the name of the holding company FXCM Inc. to Global

FXCM’s US business makes up below 20% of its trading volume

Forex giant Forex Capital Markets (NASDAQ:FXCM) reported on Wednesday its US retail business, which it is in the process of selling to

FXCM to pay $650K in settlement to US CFTC for CHF-related undercap charges

Forex giant Forex Capital Markets [NASDAQ:FXCM] has suffered another blow in the US. The broker said on Monday it has reached a

FXCM’s US exit: minus 20% of retail business, but improved financial metrics

It seems the US regulators may be doing forex brokerage Forex Capital Markets [NASDAQ:FXCM], a favor by giving it the boot out