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

FXCM sees retail, institutional trading volumes falling in 2016

US forex giant Forex Capital Markets (NASDAQ:FXCM) reported on Thursday its preliminary trading volumes for 2016 from retail and institutional operations alike

FXCM’s retail, institutional trading volumes improve in Nov 2016

US forex giant Forex Capital Markets (NASDAQ:FXCM) reported its preliminary trading volume from retail operations grew by 16% on the month to

FXCM launches Live Trading Integration with QuantConnect for US clients

US forex giant Forex Capital Markets (NASDAQ:FXCM) said on Monday it has introduced Live Trading Integration with algorithmic trading platform QuantConnect. Currently,

US forex brokers post 2016’s highest retail client deposits in Oct

Retail forex deposits with US brokers amounted to $520.3 million in October 2016, reaching their highest since the beginning of the year,

Forex brokers’ trading volumes fall by monthly 4%-47% in Oct 2016

After a very strong Septmeber in terms of trading activity, forex brokers saw their trading volume fall on the month in October

FXCM expands in South Africa via introducing broker

FXCM South Africa, an affiliate of forex giant Forex Capital Markets (NASDAQ:FXCM), has opened its first office in South Africa’s largest city –

FXCM’s institutional trading volume reaches record-low in Oct 2016

US forex giant Forex Capital Markets (NASDAQ:FXCM) reported on Tuesday its trading volumes from retail and institutional operations both posted a drop

FXCM turns to net income despite sharp drop in revenue in Q1-Q3 2016

US forex giant Forex Capital Markets (NASDAQ:FXCM) said on Tuesday it turned to a net income of $71 million in first nine

PsyQuation trading analysis app partners up with Oanda

PsyQuation, the Australian-based software company that developed and provides the eponymous behavioral analytics tool for traders and brokers, has signed a partnership

UK forex market continues growth, IG remains leader amid rising competition – report

UK’s forex and CFDs market has risen 14% in terms of number of traders between July 2015 and 2016, shows a report