FXCM is shaping up to be one of the go to trading brokers for professionals interested in becoming expert traders. Established in 1999 and based in the United States, this particular organizations allow clients from the United States and all around the world. They also provide tons of benefits to anyone who subscribes to its services. Discover its many benefits in this in-depth review.
FXCM Has a Global Reputation
Like its counterparts X-Trade and iForex, FXCM has a reputable presence in the industry. Based in New York, with offices in the United Kingdom, France, China and Australia, this particular broker is registered with numerous respectable associations, including the Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED). It is also the first every broker to be included in the prestigious New York Stock Exchange, a clear cut sign that it’s presence and work will be felt for years to come. All of these combined convey the status that FXCM is a reliable name in the rapidly growing Forex industry. This is essentially why individuals who want to devote their time in the Foreign Exchange and Trading market prefer to collaborate with this company.
FXCM Features a Comprehensive Trading Platform
FXCM also features a powerful proprietary platform that traders can take advantage of, similar to X-Trade and iForex. MetaTrader 4, which is what is called, is compatible for desktop and mobile devices and can be used by both Windows and IOS users. It is also available in various others languages besides English. These include Chinese, German, Italian, French and Spanish.
In terms of capabilities, The FXCM MetaTrader4 is capable of providing trading signals and market analysis to its users. It also allows for charting packages, automated trading, scalping, hedging, one-click executions, OCO Orders and Interest on Margins.
FXCM Features Numerous Trading Accounts and Instruments
As far as trading account goes, FXCM provides several account types that’s intricately designed according to one’s level of expertise. The 100k standard account requires a deposit of $2000 and offers a leverage of 50:1 for those in the United States and 1:200 for everyone else around the globe. The training account, on the other hand, the one for amateurs, comes with a 50,000 demo money and is only available for 30 straight days. It was designed to give traders a safe platform that would ensure they learn the knowledge and skills required to navigate the financial industry.
As for instruments, they provide CFD’s, commodities, like X-trade and iForex, as well as metals, gold and indices.
FXCM Features Tight Spreads and 24-Hour Customer Support
FXCM features floating spreads. They are also lauded for the tightness of their spreads, since it can be as low .2 pips for several trading pairs, such as euro to USD and USD to Japanese Yen.
Best of all, FXCM features 24-hour customer support. Their website and platform has a live chat feature. They also have emails and fax. There are also international and local contact numbers should traders want to communicate with them through phone.
FXCM is an excellent broker service for trading professionals. Traders who want to have a reliable and renowned partner should consider this unique and reputable company.