FXCM Verified Reviews from Actual Clients

Originally founded in New York in 1999, London­-based FXCM grew rapidly. Its head office is located at 20 Gresham Street, fourth Floor, London EC2V 7JE, United Kingdom. Following the 2010 acquisition of UK-­based ODL Group FXCM is one of the world’s largest retail forex broker. The minimum deposit at FXCM UK is £50 for all payment methods and account types.

I have always been treated with respect and courtesy would recommend them 100% to new traders. We appreciate your feedback regarding your experience with our platform. Your input is invaluable, and we are dedicated to enhancing your user experience. To better assist you please feel free to call our customer support line or visit our Live Chat so we can provide you with a walk through on our Trading platform.

  • This website is using a security service to protect itself from online attacks.
  • You can choose among the FXCM Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms.
  • The platform is also available in multiple languages, including English, Spanish, French, German, Italian, Chinese, and more.
  • I was impressed with the amount of free educational content that FXCM has available.
  • Great customer support is essential for increasing the company’s client base.

As a result, the leverage offered, account base currency, and available asset types may differ from country to country. But in general, it’s safe to say that FXCM is a trustworthy broker. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. MT4 is also the ‘go to’ platform for traders looking to use their own models (or those of other traders) to trade the markets using algorithmic programs.

Comparing FXCM fees with other brokers

Developers and investors can create custom trading applications, integrate into the platform, back test strategies and build robot trading. These accounts are kept with top rated banks in Europe, Australia and other FXCM country of operations. 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.

  • Payment method type will influence processing times, but debit and credit card deposits are the fastest.
  • Founded in 1999, London-based Forex Capital Markets or FXCM is a major international online forex and contracts for difference (CFD) broker that also provides spread betting and related services.
  • It is imperative to be aware that the products and protection can vary depending on the entity that you sign up with.
  • The trading apps can be downloaded from the Google Play store or Apple store.
  • Fill in your personal data such as country of residence and email address, then press continue.

They also offer 24/7 customer support in various languages, making them an ideal choice for traders who require support in their native languages. FXCM, also known as Forex Capital Markets, has been an online forex broker since 1999. FXCM has established itself as a reputable broker in the industry, offering a range of trading instruments, including forex, indices, commodities, and cryptocurrencies. FXCM offers a wide array of algorithmic trading tools and premium signals, a technical analyzer, trading analytics, and social trading via Zulutrade. The company also provides apps, VPS hosting, and API tools to allow its clients to build custom applications for algorithmic trading. MT4 offers numerous advantages to traders, including support from the FXCM community and a rich variety of users.

The list of investment products isn’t impressive compared to the other big names in the forex world. FXCM offers users five cryptocurrencies that are provided through CFDs. These are Bitcoin, Etherium, Litecoin, Ripple, and Bitcoin Cash ABC. Users also get free educational content when they sign up for the demo account. Keep in mind that the demo account is only available in a limited number of countries.

Their research forex tools are developed in conjunction with Grid Sight Technologies LTD, which is provided as an indicator. These tools include premium content from Trading Central, press headlines from Investing.com, and a market research tool, pattern recognition scanner. You can deposit 50 units of the currency you use, as long as it is a currency in which they accept deposits.

What type of accounts do they offer?

Additionally, through the various affiliated offices, the broker provides access to the residents in Greece, Israel, and South Africa, thus becoming a truly global broker. Besides all the benefits provided by this broker, we noticed that the range of instruments offered might be not enough for some traders, also the availability of certain assets depends on the entity. The award-winning proprietary Trading Station is replete with essential tools that are beneficial to all levels and types of traders. The addition of the sophisticated NinjaTrader, APIs and specialist platforms make FXCM a broker with multiple alternatives depending on individual trader requirements. QuantConnect provides a comprehensive IDE designed by algo traders for algo traders. Built on the Lean Algorithmic Trading Engine, an open source cloud-based trading platform designed in C#.

Do we Recommend FXCM UK?

I was impressed with the amount of free educational content that FXCM has available. You will always have materials at our fingertips to help ensure that you can continue improving your knowledge and skills. I especially like how clients are given free access to webinars every weekday. This seminar is facilitated by FXCM’s expert analysts and is a great way to learn from the experts.

FXCM has offices, partners, and affiliates in the major financial centres of the world, uniquely positioning FXCM to provide exceptional service to traders around the world. It is imperative to be aware that the products and protection can vary depending on the entity that you sign up with. Best broker customer support answer right away best broker in the business zero commission no fees low spreads the best. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

FXCM is an online trading provider of Forex and CFDs trading of Stocks, Commodities, Indices, Cryptocurrencies, and spread betting (available for UK and Ireland residents only). FXCM Market Data offers powerful insights to help you find potential trading opportunities. With FXCM Market Data, you stay up to speed on the latest prices, volume trends, trading sentiment trends and the historical trends of many instruments. Get a quick snapshot of the market through the brokers propriety Speculative Sentiment Index (SSI), and more. NeuroShell Trader’s point-and-click interface allows you to easily create complex technical analysis indicators, trading systems and neural network market forecasts without coding of any kind. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), FXCM delivers a reliable, feature-rich mobile experience for forex traders.

This can be a great way to get inspired about possible trade opportunities and to assist with making informed decisions. This easy-to-use charting package is designed for both technical and algorithmic traders. MotiveWave specializes in Elliot Wave, Fibonacci, Gann and Ratio analysis and also allows for systematic trading using Java. The ForexConnect API offers the same functionality that is available on the powerful FXCM Trading Station. This includes all of the available order types, streaming live prices, managing your positions, downloading historical instrument rates, getting account reports, and more.

FXCM Trading Platforms

There are other brokers who provide 24/7 support, including Plus500. The broker offers securities to trade via CFD trading or Spread Betting from various asset classes, including forex, commodities, indices, shares, cryptocurrencies, and baskets (ETFs). However, the broker does not offer options and government-yield bonds. If you are interested in those asset classes, you might fxcm broker review want to consider AvaTrade instead. For non-FX traders, FXCM provides a CFD trading account with low spread costs from 0.37 pips (in XAU/USD) and a wide range of class assets from precious metals, soft commodities, and indices. The range of markets available with FXCM is quite broad however you can find other brokers that offer more choices for each financial instrument.

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This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders. 67% of retail investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.

OF TRADING TOOLS

You can also open a demo account to test the broker’s services and platforms before committing any funds. The broker offers trading in a wide range of markets with a particular focus on the forex market, as would be expected. FXCM offers a total of 39 currency pairs comprising both major and minor pairings, and CFDs trading in 11 Indices, 7 Commodities, and 2 cryptocurrency markets. FXCM has a good customer service rating, with an overall satisfaction score of 4.0 out of 5 based on customer reviews.

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