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Should traders require assistance, they may call the toll-free numbers provided, use messaging app WhatsApp, e-mail the support team, engage via live chat, or contact the trading desk. The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it. Automated trading solutions often require a VPS service to operate effectively around the clock. FXCM offers two VPS solutions, charged at $30 or a currency equivalent per month.
Comments like yours keep us motivated to keep improving and we are confident that you will enjoy what we have planned for the future. We are sorry for the inconvenience caused and highly appreciate your understanding. It’s great to hear that you are enjoying FXCM, and if you ever want to share any further feedback, we’d love to hear you out. Thank you for your understanding and kind words, Sunil Gandhi! So if you ever need anything else, do not hesitate to let us know.
ITOM Marketplace
The second section is a downloadable trading guide for beginners. Summarily, it is all of the first section in a book that you can read without having to visit FXCM UK’s website. Clients and non-clients can download the e-book after submitting their email and country. However, it is important to know what is causing the movements. Videos are released daily by FXCM discussing factors moving the market, and trading ideas. Step 4) Choose your preferred account currency, create a username and password, then click ‘CONTINUE’.
FXCM has an online application form, which is the standard operating procedure. Since 2010, FXCM has received 35 industry awards from well-respected sources. It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients.
Reviews
As per our findings for this review, FXCM has reliable third-party trading platforms. It also offers APIs support backed by complex algorithms and automated trading strategies. As per our findings during this review, FXCM offers some of the best video tutorials and written educational materials for users interested in broadening their trading skills.
Fees are on par, as are important features, such as available leverage and educational resources. FXCM has a stronger global presence, with a number of offices across the world, whilst Plus500 focuses primarily on its online presence. Both FXCM and XTB are large CFD trading platforms with a number of offices located around the world. Regulated and safe, these platforms have won the trust of millions of investors, providing educational resources and analysis tools to help individual traders develop winning strategies.
I got per Whatsapp offers for a forex trading service from you. We strongly recommend FXCM broker for both beginner and professional traders. Seeing that the broker has suitable and favorable offers for both trader categories, all clients can benefit by signing with FXCM. The broker provides state-of-the-art educational resources available in multiple formats including webinars, news, seminars, etc. Moreover, the broker provides outstanding research and analytical tools for free. FXCM allows leverage trade of Forex and CFDs, this tool brings an advantage even on the smallest market moves.
Look and feel
Apart from this, the https://traderoom.info/ offers an active trader account with dedicated customer support, API trading, and Trading Station for free. FXCM’s account opening process is straightforward, easy and fast. It has great technical research tools, including many technical indicators.
- In addition to Bitcoin CFDs, you can also invest in contracts of commodities, indices, and shares.
- The minimum deposit on FXCM is £50 for all account types for all payment methods.
- Trading Station is FXCM’s proprietary trading platform with a bunch of features and indicators included.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. The bank withdrawal fees depend on the currency and where your bank account is located. There are no fees charged for account maintenance, deposit, or credit/debit card withdrawal.
The materials range from the basics for beginners to advanced topics for professionals and expert traders. The materials feature FXCM’s historical data to provide unique insights for hands-on experience. FXCM features a MyFXCM user portal where the traders can deposits and withdrawals funds in a few simple steps.
For example, FXCM clients in the United Kingdom benefit from the oversight of the FCA. The FCA requires that clients have negative balance protection, which means that they cannot lose more than their deposit. Client funds must be held in segregated accounts, which are protected in the event of a broker going bankrupt. By creating an account at FXCM, you get the ability to trade 70+ instruments. The main product class here is forex, which is why the broker offers 39 currency pairs and 3 currency baskets. However, if you want to diversify your portfolio, you can also trade cryptocurrency, index, commodity, share CFDs.
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. FXCM Group is a global leading provider of online Forex, CFD and other trading related services. With this in mind, FXCM’s mission is to provide increasing levels of quality pricing, transparency and execution services to its traders. Apart from the two main trading platforms offered by FXCM, the broker has also provided access to third party trading platform such as ZuluTrade and NinjaTrader.
Once your order has been processed the position will be closed and any relevant fees charged to your balance. The remaining funds will be deposited into your FXCM account, ready to be re-invested or to be withdrawn. Although the “Stop” and “Limit” orders are optional we strongly recommend that you use them. These automated tools will close off any positions which surpass the thresholds you have set, ensuring that you do not lose more capital than you planned to.
Demo account
FXCM provides traders with its proprietary Trading Station, the MT4 trading platform and ZuluTrade. It also maintains six specialty trading platforms for algorithmic traders and Capitalise AI. FXCM ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions. They offer traders the possibility to customize trading platforms, and FXCM grants a free $99 plugin.
The NinjaTrader platform on the other hand allow its users to trade options and futures together with forex with one trading platform. FXCM is a leading provider of online foreign exchange trading, CFD trading, spread betting and related services. CFDs are complex instruments and come with leverage, which means there’s a high risk of losing money rapidly due to leverage. When trading CFDs, more than 75% of retail accounts lose money. Readers are thus advised to note that the products and services offered at FXCM revolve around leverage trading, which always comes with equal chances of earning profits or losing money.
Since the company is continually updating its service we recommend that you visit FXCM’s website to catch up on the latest news. We will endeavour to update this Cryptimi review as soon as practical and will also include any important news on our dedicated page. At FXCM, you can deposit fiat currency in a lot of different ways, including VISA, MasterCard, Klarna, PayPal, Skrill and many others. EU clients can also deposit via debit/credit card and wire transfer.
- Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
- FXCM offers yet another contemporary to MetaTrader, the latest version of NinjaTrader desktop.
- Since the company is continually updating its service we recommend that you visit FXCM’s website to catch up on the latest news.
- This may impact how, where and which companies / services we review and write about.
- However, users can only trade a limited selection of forex and CFDs, and the mobile and desktop platforms are lacking in usability when compared to the competition.
So let’s dive in and take a look at how the different entities of FXCM across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. FXCM can cater to sophisticated traders with a broad range of advanced tools. You are currently using a Software Passport type account to access Marketplace. Starting February 22, 2019, Software Passport accounts are no longer supported by Micro Focus.
As the name suggests, it is a fxcm review simulator that enables traders to backtest their trading strategy. Users can log in to their demo accounts using their registered email address and password. Once the registration is complete, they receive $20,000 virtual money for trading. With FXCM, you pay only the floating spread to trade indices and commodities, while enhanced index CFDs allow you to trade without stop and limit restrictions or re-quotes.