Helpfully, you can filter it by the impact and importance of events. For these reasons, I rate Trading Station highly among the dozens of proprietary platforms I have tested. Professional and corporate accounts are also available upon request. FXCM has strong regulatory credentials with oversight from several respected financial watchdogs.
FXCM Forex Trading Regulation and Security
The MetaTrader 4 mobile app also provides a broad range of order types including pending and stop orders. However, trailing stop-loss orders https://traderoom.info/ are only available from the desktop. In order to change the language of the MT4 app, you must change the language for your entire phone.
FXCM Standard Account (Available To All Clients)
You are encouraged to decide whether a broker is trustworthy or not based on the information available on the broker’s present regulatory status, history, and overall platform impression. Reliable customer support is also an essential part of broker good service. The benefits of the professional trader account are not clarified on the FXCM website, although traders can expect better spreads and a less cluttered platform without warnings and support toggles. This FXCM review gives an overview of the broker as a company, the FXCM platform, and the trading products offered to traders. 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.
What is the minimum deposit required to open an FXCM account?
- Use historical data to analyse how your plan might have fared in the past.
- These amounts are the absolute maximum leverage on offer, but they may vary according to the asset traded, with more volatile assets generally providing lower amounts of leverage.
- With its headquarters in London, Stratos Markets Limited (“FXCM”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
Traders who register with the FSCA branch will be able to access higher leverage, though the regulatory oversight is not quite as strong. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
An Interest-free account is targeted at Swap Free Islamic Accounts 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. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Client funds with FXCM LTD are segregated according to FCA client money rules. This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors. Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection.
Trading Platforms
The most loved feature in this area is how the buy / sell prices are displayed at the top of the page with the spread right in the middle. Additionally, their charting tools are extremely fast, smooth and responsive. The first two options will allow you to find what they call “Hot” and “Popular” assets. https://traderoom.info/fxcm-an-overview/ We do appreciate having such categories but it would be great to understand what is the difference between both. When it comes to withdrawals, FXCM does not charge fees on the majority of payment methods with the exception being bank transfers where fees can range from $10 all the way up to $40.
The availability of MetaTrader 4, TradingView, an assortment of add-ons for algo trading, and its own proprietary platform Trading Station provides traders with excellent technical resources. To provide this service to its clients, FXCM has teamed with two well-known VPS providers. You can also get a free VPS from other brokers including Key to Markets.
As you would expect, FXCM’s Active Trader account is ideal for active traders as it offers very competitive spreads when compared to the individual standard trading account. For instance, the typical spread for the EUR/USD currency pair is 0.2 pips. FXCM is a UK-based online broker that provides access to CFD and forex trading with tight spreads as low as 1.3 pips on popular currency pairs such as EUR/USD.
Additionally, the broker actively aids traders by decreasing their expenses through lower trading costs made possible by narrow spreads. ZuluTrade is a platform for social trading that empowers traders to discover and duplicate the tactics of proficient traders. It fosters a community-based trading method where users can benefit from the collective knowledge of seasoned market experts. This setup is especially, useful for those seeking a professional market evaluation by leveraging the collective expertise offered by other traders’ insights and technical analysis functions.
As for the credit and debit card deposits, they are often available immediately. FXCM offers the MetaTrader 4 mobile app, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. FXCM offers MetaTrader 4 for desktop, which includes advanced functions such as copy trading and automated trading. The market-leading TradingView charts feature 11 time frames, 11 chart types, and over 100 technical indicators.