FXCM Review: Global forex broker offering Trading Station and MT4

FXCM: Click for a special offer

FXCM 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
Website: www.fxcm.com

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 trading volume continues recovery in June

FXCM Group, the remaining UK and Australia-regulated units of Global Brokerage, released a report on its June trading metrics, showing that the

FXCM statistics reveal 31.55% positive slippage for the 5 months ended on May 31

Major forex brokerage FXCM disclosed spread and slippage statistics on Wednesday, according to which 31.55% of all orders received positive slippage in

FXCM UK does not expect any sanctions by FCA, plans to launch new platforms

After the dramatic exit of FXCM from the US market in February, there have been concerns in the forex industry whether other

Ex-FXCM Inc. reports Q1 loss, warns of default in case of eventual delisting

It appears that the bad news for Global Brokerage Inc. (NASDAQ:GLBR), formerly known as FXCM Inc., have no end. After the dramatic exit

Leucadia got back most of cash investment in FXCM, marks down $130 mln to adjust value

Leucadia National Corporation (NYSE: LUK), which loaned the US forex broker FXCM $300 million in January 2015, reported that it has nearly recovered

FXCM’s trading volume falls to $225 bn in Mar 2017, active accounts drop by double digit

FXCM Group reported a consolidated trading volume of $225 billion in March, which is the first month when the broker completely stopped

All but one retail forex brokers reflect well FXCM’s US market exit, Gain Capital turns biggest gainer

The exit of US forex giant Forex Capital Markets, or FXCM, has had a positive impact on the rest of the market

FXCM launches forex, CFDs market scanner

FXCM Group reported on Monday it has launched FXCM Market Scanner, a new scanning tool for the forex and contracts for difference

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%