FXCM

Screenshot
Min. Deposit:
$50
Regulator:
NFA+
US Clients:
Yes

Quick Facts

Contact Information:
Forex Capital Markets, LLC
Financial Square 32 Old Slip, New York, NY 10005
Tel: +1 212 897 7660
Founded:
1999
Broker Type:
NDD, STP
Licensed/Regulated By:
NFA (US), CFTC (US), FSA (UK), ASIC (AUS), SFC (HK), CECEI (France), DMCC (Dubai), CONSOB (Italy), BaFin (Germany)
Platform Types:
FXCM Trading Station II, Metatrader 4, FXCM Active Trader, Mobile TSII Platform, Forex System Selector
Languages:
Arabic, Chinese, English, Farsi, French, German, Hebrew, Italian, Japanese, Korean, Portuguese, Russian, Spanish
Minimum Deposit:
$2000
Leverage:
1:200
Other instruments:
Stocks, Metals, Oil
Mini Account:
Yes, $25
Islamic Account:
Yes
Pip Spread:
EUR/USD 1
USD/JPY 1
GBP/USD 1
AUD/USD 1.1
EUR/GBP 1.1
USD/CHF 1
EUR/CHF 1.4
USD/CAD 1.1
Payment Methods:
Credit Cards, Check, Wire Transfer
Demo account information:

Background

Forex Capital Markets Holdings, LLC is a publicly-traded company on the New York Stock Exchange that was founded in 1999 which offers a powerful suite of forex trading platforms.

With an average of approximately 7,000,000 trades executed each month for around 175,000 tradable accounts, FXCM is definitely one of the largest and well-estbalished retail forex investment brokerages.


Features

FXCM is regulated and licensed by 9 major international regulatory bodies which makes opening an account and trading with FXCM safe and secure. FXCM has offices, partners and affiliates in the major financial centers of the world including New York, London, Dallas, Australia, France, Italy, Dubai, Hong Kong and Japan.

US investors interested in FXCM's services can take comfort in the fact that the company is a registered Future Commissions Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission as well as a member of the National Futures Association.

Beyond regulation, FXCM offers a powerful set of tools and resources to help traders and investors stay informed and execute informed decisions. Traders who are interested in FXCM are eligible to receive their free forex signals service along with a free demo account.

FXCM also offers a wealth of forex news and analysis on the latest market developments via its sister site DailyFX.com.


Platforms

Traders at FXCM can choose from a suite of potent trading platforms including: FXCM's Trading Station II, Active Trader, Forex System Selector and MetaTrader 4. The Trading Station II platform offers useful features such as one click trading, trading directly from charts, automated trading, pre-loaded strategies and much more.

Those looking to trade on their smart phones can take advantage of FXCM's Mobile Trading Station II platform (still in beta) which offers an intuitive and easy-to-use design to execute your trades while on-the-go. FXCM also offers a helpful SMS signals service so you'll never miss an opportunity. Mobile traders also have access to DailyFX's mobile site which is one of the most updated and informative mobile forex news sites.

FXCM.com includes extensive forex training media including a forex video library so those new to the world of forex have plenty of resources to choose from.

The pip spreads offered at FXCM are some of the lowest available as one can see in the list of the spreads for the currency pairs featured above.


Deposits and Withdrawals

FXCM accepts credit cards, wire transfers and paper checks as deposit and withdrawal methods. The means of deposit and withdrawal may be somewhat limited as compared to other brokers but this is only because FXCM must abide by the highest standards given its NFA/CFTC regulation.


Customer Support

FXCM is a large publicly-traded, multi-national company with offices around the world and, as such, its support staff is also well-staffed and always available to resolve any customer inquiries. Support is available in all major languages including: Arabic, Chinese, English, Farsi, French, German, Hebrew, Italian, Japanese, Korean, Portuguese, Russian and Spanish.


Conclusion

On the whole, FXCM is a safe bet for traders and investors looking to place their money in the hands of an experienced and well-established broker with cutting-edge mobile, desktop and web-based trading platforms.

The plethora of languages offered by FXCM's platforms and its regulation by various international bodies means that this broker is well equipped to handle investors from virtually anywhere around the world.


Summary

Screenshot
Min. Deposit:
$50
Regulator:
NFA+
US Clients:
Yes

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