65% of retail investor accounts lose money when trading CFDs with this provider. The availability of MetaTrader 4, TradingView, an assortment of add-ons for algo trading, and its own proprietary platform Trading Station provides traders with excellent technical resources. FXCM employs Secured Socket Layer (SSL) encryption on all of its websites and platforms. SSL encryption safeguards data transfer between clients’ computers and FXCM’s servers, keeping hackers out of the picture. This is critical because identity thieves and online fraudsters may attempt to steal sensitive user information such as credit card numbers, verification papers, and user accounts. These accounts are held in top-tier banks in Europe, Australia, and other FXCM countries of operation.
Trading platforms
This range of account options ensures that both new and experienced traders can find a setup that best suits their trading style and financial goals. FXCM demo account is also available for traders for educational and training purposes. FXCM maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Social traders may connect to ZuluTrade, and FXCM offers services by TradingView Pro free of charge for one year to all new clients. Trading Station is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge.
Trading Platforms and Tools
Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection. We’re sorry to hear about the technical issues you experienced when connecting to TradingView. To better assist you and investigate what happened, we’d really appreciate it if you could reach out to us directly so we can locate your account and look into the specific incidents. This will allow us to provide a more accurate explanation and, where possible, make things right. We’re fully committed to improving our platform integration and client experience. Please don’t hesitate to contact us at , and we’ll prioritise your case.
Assets & Markets
These regulations enforce strict standards to protect traders and ensure transparency in FXCM’s operations. Yes, FXCM operates under multiple regulations, including the FCA (🇬🇧 UK), CySEC (🇨🇾 Cyprus), ASIC (🇦🇺 Australia), and FSCA (🇿🇦 South Africa). This global oversight ensures high standards of security and transparency for traders.
- These apps allow traders to manage their trades conveniently from anywhere, ensuring they never miss a market opportunity due to being away from a desktop environment.
- We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
- Open as many strategies as you wish — Only triggered strategies will utilise your purchasing power.
- Since 1999, FXCM, has been a pioneer in developing online forex offerings for retail traders.
- Sierra Chart is a professional trading platform for the financial markets, compatible with many externally available trading services.
Then, invite friends or family to open an account, ensuring they enter your email as the referrer. Complete the steps and get rewarded once they meet the trading volume in 90 days. Once approved, you’ll get your account login credentials for MyFXCM and your chosen trading platform so you can access your account. Select your country of residence and choose your preferred trading platform, such as Trading Station or MT4. No, traders who buy or sell CFDs with FXCM do not pay stamp duty, as CFDs are derivatives. This helps traders reduce costs compared to directly trading physical securities.
Past performance is by no means a guarantee of what will happen in the future. FXCM’s platforms include its own Trading Station, MetaTrader 4 (MT4), TradingView, and NinjaTrader 8, all of which offer algorithmic trading. FXCM also provides ZuluTrade for social copy trading and Trader Workstation for stocks, both powered by Interactive Brokers. In addition, the broker useful tools such as VPS, hosting for its clients who want to automate their trading 24/7. FXCM offers decent spreads starting from 0.2 pips on EURUSD on the standard account with zero commission fees. These are not the lowest spreads that you will find but that is because the commission is included as a spread mark-up.
MetaTrader 4
- For those looking to harness sophisticated trading technology, NinjaTrader with FXCM provides a robust solution that facilitates effective and efficient trading decisions.
- FXCM offers bank wires, credit/debit cards, Skrill, Neteller, UnionPay, and cryptocurrencies.
- FXCM offers analyst insights and market summaries to provide traders with valuable research.
- With a good choice of methods and transparent timelines, funding your account or taking profits is hassle-free.
The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it. The asset selection at FXCM remains somewhat limited but sufficient for trading strategies requiring fewer highly liquid assets. It is unfortunate there is not a wider choice of Forex currency pairs as the infrastructure implemented by FXCM provides excellent trading conditions. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.
That being said, each platform is good in its own right with different advantages and disadvantages that we will cover in this section. In terms of trading experience, FXCM offers a solid range of forex and CFDs, though their selection is more limited than some competitors. However, they make up for this with competitive pricing, with spreads as low as 0.2 pips on major pairs. The broker’s suite of trading platforms, including the popular MT4 and their proprietary Trading Station, caters well to both beginners and more experienced traders. FXCM offers traders a few different accounts, with forex and CFD instruments (commodities, crypto and more), leverage, and a truly impressive variety of plugins and accompanying applications.
Trading Platform Screenshots
These resources cater to beginners and advanced traders looking to sharpen their skills. FXCM delivers a one-stop trading experience with a strong range of available markets. Whether you want to focus on forex, branch into shares, or trade crypto CFDs, FXCM’s diverse product lineup, straightforward pricing, and reliable platforms make multi-market trading simple. The offer of market research and analysis tools is not exactly at the top of the food chain but is certainly above-average.
It is accessible as a downloaded Windows desktop programme as well as a mobile trading app for iOS and Android smartphones. FXCM falls under top-tier government regulatory authorities such as FCA, ASIC, and FSCA. In addition to minimal trading costs, the broker offers multiple sophisticated trading platforms. FXCM also offers copy trading and social trading with useful premium addons like VPS service. Multiple payment methods are available, and deposits are processed free of cost.
Forex trading is very popular amongst beginner and experienced traders as it offers access to high levels of liquidity and often requires a low amount of capital to get started. As such you can expect to invest in 40 different currency pairs, stock index CFDs, stock CFDs, commodity CFDs, and crypto-derivatives. Does this raise the question as to why CFD trading appeals to investors?
It was built based on the feedback from FXCM traders and trading data accrued from over 10 years to meet the needs of their clients. FXCM standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs.
Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. FXCM’s broad global footprint and strong regulatory compliance make it a reliable choice for traders worldwide. Its localized offices and dedicated customer support ensure clients receive timely assistance, reinforcing FXCM’s commitment to providing a secure and professional trading experience. FXCM provides several trading platforms such as Trading Station, MetaTrader 4, and TradingView Pro. These platforms cater to both beginners and advanced traders with powerful tools and flexible access across desktop and mobile devices.
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Today, as it has grown in size and fame, FXCM seems to be dealing with a newer problem. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
Disclaimer NoticesThe content on this site encompasses fxcm canada review general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims. It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals.
For example, in Australia, client funds are held in Citibank, Australia; which is an established international bank. For the European clients, their funds are further protected by the insurance provided by the ‘Financial Services Compensation Scheme’ (FSCS). If in the future FXCM goes bankrupt, the FSCS can pay compensations to eligible clients. FXCM allows clients to trade in Forex, stocks, indices, commodities, and cryptocurrencies, providing diverse trading options across several marketplaces.
The broker has secured partnerships with reputable experts to bring premium services to its clients. This includes partnerships with TradingView, Trading Central & VPS providers. You really have all of the tools you need at your disposal to conduct in-depth market analysis so that you can make informed trading decisions.
FXCM also stands out for its commitment to education, with a good array of articles, webinars, and analytical tools to support trader development. The broker’s customer service is another highlight, with 24/5 multilingual support via phone, email, and live chat. FXCM does not currently appear to offer any special promotions or bonuses for new or existing clients. The broker focuses on providing competitive spreads, reliable execution, and quality educational resources rather than promotional incentives. Education exists via free online forex trading courses, webinars hosted by FXCM Senior Market Specialist Russel Shor, and written content with exceptional quality. The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base.
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