In this review of FXCM, we take a look at a broker with over 20 years of experience and a strong reputation within the industry. FXCM has been providing clients with brokerage services since 1999 and now offers over 60 trading instruments. This includes currency pairs, commodities, indices, and shares. The broker also offers unique ‘baskets’ for both forex and cryptos to certain clients, subject to regulations.<\/p>\n
In addition to a diverse range of markets and products, if you choose to trade with FXCM you will also benefit from licenses from three top-tier authorities. This regulation means you can always expect fair trading in a secure environment. FXCM also impressed our reviewing team with a variety of trading platforms, extensive educational materials, and robust analytical tools. This makes the broker a great choice for all types of traders, so continue reading to find out more about FXCM and why it could be the perfect broker for you.<\/p>\n
FXCM was established in the wake of the modern forex trading in 1999. FXCM was originally a US broker yet it has since expanded its services to Europe, South Africa, and Australia. In doing so, it has gained licenses from the following authorities:<\/p>\n
In addition to the licenses listed above, FXCM is also subjecft to the control of other EU regulators, such as BaFin and CONSOB. Our FXCM review also found that the broker works with Friedberg Group to offer you secure services through IIROC in Canada.<\/p>\n
For extra confidence in the broker, you’ll also be pleased to know that FXCM is owned by the New York Stock Exchange listed company, Jefferies Financial Group LTD. This gives you more transparency as all NYSE companies must submit public financial reports.<\/p>\n
In our FXCM review, we found that you can trade over 60 instruments with the broker. This includes<\/p>\n
We were impressed to find that FXCM has recently branched out into cryptocurrencies and we were excited by the trading opportunities the broker’s unique ‘baskets’ present. Each forex basket is made up of 4-5 currencies in different markets. This includes an Emerging Markets basket, an Index basket, and a JPY basket.<\/p>\n
*Availability subject to regulations.<\/span><\/em><\/p>\n The US broker has a variety of platforms for the different markets it operates in:<\/p>\n Besides the standard demo account which is for free, the FXCM broker caters to different traders\u2019 needs by offering two more account types:<\/p>\n Please note that whilst FXCM offers competitive leverage amounts, leverage is a double-edged sword. Whilst it can dramatically amplify your profits, it can also just as dramatically amplify your losses. Trading foreign exchange\/CFDs with any level of leverage may not be suitable for all investors. The spreads listed here are derived from tradable prices at FXCM from 2020 Q1. These spreads are variable, however, and are subject to delay. As such, these spread figures are for information purposes only. For the latest Spreads, please refer to the FXCM website or trading station.<\/p>\n When executing customers’ trades, FXCM is compensated in several ways, which include, but are not limited to: spreads, charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover.<\/p>\n FXCM does not have fixed bonuses but, from time to time, the broker runs promotions where they award newcomers with no-deposit bonuses starting from $100. Cash-back bonuses are also occasionally offered for a limited period, however, you should note that all bonuses and promotions are restricted from traders in the EU due to regulatory laws.<\/p>\n Our FXCM review found that the broker offers you multiple payment methods for both depositing and withdrawing. At FXCM, you can deposit and withdraw via MasterCard, Visa, Discover, Bank Transfer, Skrill, Union Pay, and Neteller. Do note, however, that accepted methods may change depending on your jurisdiction. All deposits are processed instantly and FXCM does not charge depositing fees.<\/p>\n Withdrawals are also processed quickly, within 1-2 business days. Credit\/debit card withdrawals will usually take no longer than 5 days to reach your account, international bank transfer withdrawals should take the same amount of time, and domestic bank transfers should only take between 1-2 days. FXCM does not charge for withdrawals made by credit\/debit card, but there is a $40 fee for bank transfer cashouts.<\/p>\n FXCM customer support is available 24 hours a day, 5 days a week, and you can contact the broker via email, phone, or live chat. Our FXCM reviewers were happy to find that the broker’s competent staff speak over 20 languages and there are also over 40 freephone numbers to choose from. This means that advice is free, no matter where you are in the world.<\/p>\n FXCM also offers extensive educational materials, that come in handy to new traders, and a comprehensive FAQ section. The FXCM website is neat, tidy, and user-friendly on all devices too.<\/p>\n When executing customers’ trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover, etc. Commission-based pricing is available on Active Trader account types.<\/p>\n","protected":false},"excerpt":{"rendered":" In this review of FXCM, we take a look at a broker with over 20 years of experience and a strong reputation within the industry. FXCM has been providing clients with brokerage services since 1999 and now offers over 60 trading instruments. This includes currency pairs, commodities, indices, and shares. The broker also offers unique […]<\/p>\n","protected":false},"author":13,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/pages\/1464"}],"collection":[{"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/comments?post=1464"}],"version-history":[{"count":18,"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/pages\/1464\/revisions"}],"predecessor-version":[{"id":4260,"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/pages\/1464\/revisions\/4260"}],"wp:attachment":[{"href":"https:\/\/www.makemoneytradingreviews.com\/wp-json\/wp\/v2\/media?parent=1464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
FXCM Platforms<\/h3>\n
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Account Types<\/h3>\n
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FXCM Bonuses<\/h3>\n
Funding Options with FXCM<\/h3>\n
FXCM Customer Support<\/h3>\n