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Review FXCM Group

fxcm

Info

Name :
FXCM
Website :
Fxcm.com
Established :
1999
Country :
U.S.A

General Information

Established :
1999
Maximum Leverage :
1:200
Minimum Deposit :
$50
Minimum Deposit :
0.01
Languages Available :
English,Arabic,Chinise ,Deutsch,French,Italian,Espaniol,Russian,Philippines ,Indonesia ,Malaysia,Thailand,Vietnam  

FXCM or Forex Capital Markets is largely an online forex broker headquartered in the United States. This is in addition to offices in London, Hong Kong, Athens, Jerusalem, Berlin, Dubai, Tokyo, and Paris. Here is a detailed FXCM review:

Platform

FXCM's trading platform is largely dedicated to currency trading. Some of the currencies a trader can buy/sell on this platform include Euro, USD, Japanese Yen, British Pound, Chinese Yuan, Australian dollar, New Zealand dollar, and Canadian dollar. According to FXCM, traders can access the following powerful trading platforms and tools: Firstly, FXCM offers programming services to its clients. This means you can turn your trading strategy idea into an expert advisor. The good news is FXCM has multiple API's one can use to access market data or create EAs. Secondly, FXCM's platform comes with over 50 technical indicators, which you can view on easy-to-understand charts. In addition, there are more than 600 custom indicators that you can download and use. Thirdly, traders can access exclusive trading signals with entry price stops and limits. Fourthly, traders can use this platform to carry out advanced back-testing, use pre-loaded strategies, as well as access detailed trading strategy history and analysis tools. Fifthly, the Mirror Trader feature allows one to copy the trading patterns and strategies of experienced traders, which is good news for novice traders. These features and tools will give you a competitive edge over traders who rely on rumors to make trading decisions.

Support

FXCM offers robust support to its clients. Firstly, traders can contact FXCM help desk via email, live chat, or phone. Secondly, the resource center has useful material such as live webinars, recorded video content, daily forex market news, on¬-demand lessons, and charts that you can use to improve knowledge of the currency trading industry. Thirdly, traders who sign up for the Active Trader account get dedicated relationship managers, dedicated service teams, as well as access to the Financial Information Exchange (FIX) messaging protocol.

Languages

Since FXCM's platform is used by many traders all over the world, it supports more than a dozen major languages. These include English, German, Chinese, Japanese, French, and Italian.

Pips

FXCM has one major advantage over most other trading platforms: fractional pip pricing. In simple words, this means FXCM quotes instrument prices to a tenth of a pip, which translates to lower bid/ask spreads.

Bonus Offers

Currently, FXCM offers free VPS hosting to traders who maintain a minimum of $5,000 in their accounts.

fxcm group

Execution Speed

FXCM's MT4 does not involve third parties, which means you do not have to worry about losing money because orders take long to close.

Regulation

FXCM is regulated by various regulatory bodies including the Commodity Futures Trading Commission in the US, Forex Capital Markets in the US, Australian Securities and Investments Commission in Australia, and Financial Services Authority (FSA) in the UK. Moreover, FXCM adheres to strict financial standards set by the National Futures Association (NFA).

In conclusion, FXCM is arguably one of the leading forex brokers in the world. Traders can use its platform to trade currencies such as USD or JPY. This platform has tools and features such as technical indicators and Mirror Trader to copy experienced traders. Traders also benefit from fractional pip pricing.

 

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