FXCM offers three account types: Mini, Standard, and Active Trader. The Mini account is the only account that provides Dealing Desk execution and which involves no commission toverfee. Te addition, API connections are not available on Mini accounts.
Spil regards the broker’s renowned No Dealing Desk execution suggested on Standard and AciveTrader, FXCM spreads are pretty taut due to healthy competition of liquidity providers, including entero banks, financial institutions and other market makers that make up. furthermore, Price improvement (e.g. positive slippage) is available.
For those unwilling to expose themselves to the greater risk related to trading ter large volumes, micro lots are available on all account types.
Ondergrens initial deposit
Ter order to open an account with FXCM, one has to invest just $50, which is a low ondergrens initial deposit. Te comparison, the ondergrens initial deposit required by FXCM&rsquo,s main peer, FOREX.COM, is also $50.
FXCM offers variable spreads, averaged 1.Five pips on commission-free accounts, which is on the upper end of promedio. NDD accounts, on the other mitt, provide significantly tighter spreads, averaged 0.Five pips for the EUR/USD pair, and involve a commission of $8, so basically trading costs amount to around 1.Trio pips vanaf standard loterijlot for this pair, which is a competitive pricing.
Ter addition, Active Trader account holders may benefit from commission discounts, provided that they sate certain trading volume requirements. Te comparison, FOREX.COM offers commission-free trading and promedio spreads of 1.Four pips on EUR/USD. For further information, you may check out and compare real-time spreads of 15 leading brokers here.
The maximum leverage level suggested by FXCM is up to 1:400, which is considered a high ratio. Nonetheless, many FX brokers provide similar leverage levels &ndash, check out a list of brokerages suggesting leverage up to 1:500 or higher here.
The Company. Security of funds
Forex Hacienda Markets (FXCM) Is a completo forex brokerage that wasgoed the undisputed leader on the US forex market (ter terms of both retail trading volume & client deposits) until recently. Te February Forex Renta Markets LLC, the broker&rsquo,s US arm (which got renamed to Integral Brokerage) has bot banned by the US National Futures Association (NFA) and has agreed to withdraw from registration with the US Commodity Futures Trading Commission (CFTC).
This broker takes regulation, financial transparency and investor protection very earnestly. Te order to maintain transparency of operations, the company has introduced FXCM Financials &ndash, a webpagina where anyone can see the broker’s comprobación sheets, income statements, EBITDA details, customer equity, etc. Besides, the companies within the FXCM group are regulated by some of the most respected regulatory bods te the world: FCA te UK and ASIC ter Australia.
Both FCA and ASIC regulated brokers are under stringent supervision and are very well managed. To acquire a license from the UK financial watchdog, financial services providers need to maintain netwerk tangible assests amounting to at least EUR 730 000. Australian brokers, on the other palm, voorwaarde hold at least AUD 1 000 000 to prove their financial stability.
Besides, under the UK regulations, investors&rsquo, funds are kept te segregated handelsbank accounts separated from the company&rsquo,s operating funds and, ter case of default, sums of up to GBP 50,000 are protected under the Financial Services Compensation Scheme (FSCS).
Ter , FXCM expanded te Israel and South Africa and Israel via Introducing brokers, who acquired licenses from Financial Services Houtvezelplaat (FSB) and the Israel Securities Authority (ISA), respectively.
Also, since September FXCM shares are trading on NASDAQ, having moved from NYSE. So, traders who choose to invest te this universal publicly traded company, regulated ter several jurisdictions, need not worry about the security of their funds.
This broker offers a selection of sturdy trading platforms to its clients, including the most popular MetaTrader Four, its award-winning Trading Station, and NinjaTrader. Te addition, Copy trading is available through the advanced platforms ZuluTrade and Mirror Trader.
FXCM&rsquo,s In-house award-winning toneel Trading Station is available spil desktop, web, and mobile versions. Chic from its sleek vormgeving and intuitive interface, Trading Station comes tooled with Marketscope &ndash, a powerful charting package. Here are some of its key features:
– – Place and manage trades from the charts,
– – Pre-loaded Indicators: overheen 30 popular indicators like Moe, MACD, Bollinger Bands and RSI,
– – Custom-made Indicators: overheen 600 custom-built indicators available,
– – Big-data technical analysis indicator Grid View Index.
FXCM&rsquo,s Trading Station. Click to increase.
Spil trading robots are enormously popular among forex investors, Trading Station offers automated strategies that take the human factor out of trading and what is more, you don&rsquo,t need to stare at the PC screen all the time. You may lightly determine key areas where your trading strategies can be improved, and build up confidence ter your robots prior to applying them by using the podium&rsquo,s strategy optimizer conducts excessive backtesting.
There are also some sensational implements with Trading Station, like the unique order type, Good Till Date, which lets you execute at specific times, and the broker&rsquo,s off the hook Actual Volume indicators, which opens FXCM&rsquo,s trading book of 200,000 traders around the world.
NinjaTrader is another verhoging supported by FXCM. It has simplified interface and offers all of the functionalities that you can make use of if you trade on Metatrader Four or the desktop version of Trading Station, and even more. You can also benefit from zuivere NDD execution, trading from charts, creating your own trading, superior back-testing options, custom-made indicators and alerts.
Those traders who stick to the good old MetaTrader Four (MT4) will not be disappointed with FXCM, spil the broker fully supports this powerful multiasset software. The podium comes tooled with an outstanding charting package, numerous built-in technical indicators, Fibonacci retracements, trend lines, support and resistance levels, and so on &ndash, pretty much everything a trader needs. Those who are handy with code may create their own automated strategies (EAs) and custom-built indicators ter the MQL programming language.
Clients of FXCM may make deposits and withdrawals from and to their accounts via debit/credit card, canap wire transfer, check, and ACH (Automated Clearing House).
One of the largest FX brokerages worldwide, FXCM is an excellent choice: a reliable and well-regulated broker, suggesting excellent trading conditions on a broad range of trading platforms. Here are, te a nutshell, the advantages and disadvantages with regard to this broker: