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

Spread:
– 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

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

Gain Capital’s trading volumes continue to grow in Jan 2017

US forex broker Gain Capital [NYSE:GCAP] generated a preliminary over-the-counter (OTC) trading volume from retail operations of $210.0 billion in January 2017,

FXCM to get up to $500/client from Gain Capital deal in US

Forex brokerage Gain Capital [NYSE:GCAP] will pay either $250 or $500 for each client it acquires from Forex Capital Markets [NASDAQ:FXCM] which

US law firm investigating FXCM, seeks to form collective lawsuit on shareholders’ behalf

US law firm Bragar Eagel & Squire has launched an investigation on potential claims against forex brokerage FXCM Inc. (NASDAQ:FXCM) concerning possible

Gain Capital proceeds with US client purchase deal with FXCM

Forex brokerage Gain Capital [NYSE:GCAP] announced it has decided to proceed with the deal to acquire the US clients of peer Forex

FXCM’s shares dive on US market exit news, Gain Capital’s shares grow

Forex giant Forex Capital Markets (NASDAQ:FXCM), which just announces it is exiting the US, saw its shares plummeting more than 50% to