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FXCM Broker: Reviews and Specifications

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FXCM Discussion

FXCM Broker
  • Website: www.fxcm.com
  • Founded: 1999
  • Company: Forex Capital Markets Ltd.
  • Headquarter: 55 Water St., 50th Floor, New York, NY 10041, USA
  • Regulation: NFA US # 0308179; FCA # 217689; ASIC, ARBN: 121934432, AFSL: 309763 (Australia); SFC CE # AIM232 (Hong Kong); ACP (Italy)

Open Account

International offices United Kingdom • Germany • Australia • France • Italy • Greece • Hong Kong • Japan • Israel • Chile • Lebanon • United Arab Emirates
Broker Type ECN/STP • DMA/STP
Broker Status Independent Broker
Accept U.S Clients Yes
Live Chat Yes
Phone Toll-Free:+1 888 50 FOREX (36739)
U.S. and Int’l:+1 212 897 7660
Fax Toll-Free:+1 877 229 0004
U.S. and Int’l:+1 212 897 7669
Email [email protected]
Website Languages English, French, Portuguese, Spanish, Arabic, German, Russian, Italian, Japanese, Dutch, Chinese, Greek

 

Account Information

Free Demo Account Yes
Min. Deposit $50
ECN account $25,000
Account Currencies USD • EUR • AUD • JPY • GBP • NZD • CAD
Maximum Leverage 400:1 (50:1 for US clients)
Minimal Order Volume 0.01
Segregated accounts Yes
Swap-free Accounts Yes
MAM/PAMM accounts MAM
Managed account No
Interest on margin No
Deposit/ Withdraw Options Bank Transfer • Visa/ Mastercard • ACH • Paper Check

 

Trading Terms

Trading Platforms
  • MetaTrader 4
  • Trading Station (Desktop, Mobile, iPhone, iPad, iPod touch, Android, Blackberry, Web, Mac)
  • NinjaTrader
  • Mirror Trader
  • ZuluTrade
Precision pricing 5 digits
Type of Spread Floating
Commission
  • no – Mini & Standard account
  • yes – ECN account
Lowest spread on EURUSD
  • 1.5 pips – Mini account
  • 1 pips – Standard account
Scalping Yes
Hedging Yes (No for US clients)
Expert Advisors Yes
OCO orders Yes
Mobile Trading Yes
Web Trading Yes
Gold, Silver Yes (No for US clients)
CFDs Yes
Cryptocurrency Trading Bitcoin
Other Trading Instruments Stocks • Indices • Energies • Spread betting
Promotion Yes FXCM Bonus
Trading Contests No

Last Updated on July 9, 2018 - Update this listing →

See also:

  • BMFN Broker: Reviews and Specifications
  • AxiTrader Broker: Reviews and Specifications
  • Pepperstone Broker: Reviews and Specifications
  • ThinkMarkets Broker: Reviews and Specifications
  • Forex.com Broker: Reviews and Specifications
  • AvaTrade Broker: Reviews and Specifications

Reader Interactions

Users reviews are for informational reference only. Don't treat it as advisor to invest money in Forex trading.

Comments

  1. Indonesia Trader says

    October 23, 2012 at 6:07 pm

    There have complain around but I think every business does have complain. I traded with FXCM for few months and the spread is not bad and affordable, actually it’s slower compare with other brokers I also have trading account.

    If there have another good point then it’s pro support service, I like their live chat service thou it’s a bit hard to get connect, so many people need support I think.

    Reply
  2. Aman, Malaysia says

    September 21, 2012 at 5:34 pm

    FXCM is well-known broker, they famous and regulated but I am not really happy with them! If you want to go with this broker then trading station platform will be a better choice, don’t try MT4 as the connection is really bad!

    Be noted that the spread is really at above 2 pips in most time. They are not scam for sure but they stink!

    Reply

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