FXCM Review 2024 Powerful trading platforms and tools

Trading Station web is very stable and mostly runs without a hitch. FXCM is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). 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. An Interest-free account is targeted at Islamic traders who are forbidden from earning (or paying interest) as it is forbidden by Sharia law. FXCM add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates.

Commission and Spread Fees

If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with FXCM’s active trader account are cheaper than they may appear when you compare with other brokers as FXCM off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison.

Problem with the trading platform I was using

It is great that FXCM does not charge deposit fees but be aware that your payment provide might. In compliance with the Anti Money Laundering (AML) procedures, FXCM does not accept cash deposits. The broker also rejects cheques and funds transferred from exchange houses.

FXCM Mobile App

Here, we focus on how long the broker has been in business, the company’s size, and their transparency. 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 they cannot lose more than their deposit. I do note, however, that I had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings.

FXCM Trading Station

You can trade your opinion of the world’s largest markets with low spreads and enhanced execution. FXCM offers hundreds of trading instruments on its platforms, covering various asset classes. I think there is more than enough financial instruments to create a diversified portfolio, with something for everyone to trade regardless of your interests. FXCM provide CFD trading, which allows you to trade the price movements of currency, stock indices and commodities like gold and oil without buying the underlying product. When you trade CFDs (contracts for difference) with FXCM, you can speculate on price between when you open and close the CFD.

1. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun.
2. FXCM (Forex Capital Markets) is a well-established and globally recognized forex and CFD broker.
3. Trading carries a high level of risk and may not be suitable for all investors.

Keep in mind, when you trade on FXCM’s MT4 platform, the execution, trading features, and settings may vary from that of the flagship Trading Station platform. I like how the broker offers free MT4 EAs and apps that can automate part or all of your strategy, saving you crucial time in technical analysis. 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.

Here, the commission rate is $25 per million and there are also other smaller discounts for Active Trader account users. The company is regulated by the aforementioned tier-1 regulators and is considered a low-risk broker. Things are looking good for the future reputation of FXCM, but it will be a while before it is completely healed. FXCM is fxcm canada review currently owned by the reputable Jefferies Group, formerly known as Leucadia National Corporation. The brokerage is regulated by multiple regulatory bodies to include the Financial Conduct Authority (FCA) and the  Australian Securities & Investment Commission (ASIC). Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

A trader working with a broker entity regulated offshore would not necessarily have these benefits. FXCM entities are regulated by various top-tier agencies across the world. One of the oldest forex and CFD brokers, FXCM dates back to 1999 and is owned by Jefferies Group, a publicly traded company.

Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), FXCM delivers a reliable, feature-rich mobile experience for forex traders. The range of markets available with FXCM is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put FXCM at the lower end of the broker for currency choices.

Capitalise.ai monitors real-time market data, technical indicators, and macroeconomics for you 24 hours a day, seven days a week. Open as many strategies as you wish — Only triggered strategies will utilise your purchasing power. Use historical data to analyse how your plan might have fared in the past. With the press of a button, you may modify your plans based on their results. Use the Capitalise.ai app on your iPhone or Android to manage your trades on the fly; edit, halt or automate new trading methods.

The fee is up to 50 units of the currency your account is denominated in or the balance of your account, depending on which is less. This is https://forexbroker-listing.com/ the fastest way to fund credit accounts as deposits are instant. We use dedicated people and clever technology to safeguard our platform.

These include the brand’s proprietary Trading Station as well as the popular MetaTrader 4, TradingView, and Capitalise.ai. FXCM offers leveraged trading on CFDs and forex, allowing traders to take advantage of small market movements. While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF.