FXCM Review

Established: 1999
Located in USA
Regulation: FCA, NFA, ASIC
Platforms: MT4 & proprietary
Minimum Deposit: $2,000
Leverage: 200:1, 50:1 for US residents
Assets: Shares, indexes, commodities & forex

 

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FXCM was named amongst the Fortune500 as fastest growing company for 3 years between 2004 & 2006 – spanning the US, Asia & Europe, and listed on the NASDAQ. With extremely high liquidity and a broad base of users around the world, this is primarily a company for pros, though newcomers shouldn’t be hesitant, if they are willing to risk the steep initial investment fee.

MT4 is the platform of choice, with clean best-price performance, as well as additional proprietary applications, such as auto trendline indicator, breakout2, Locator 24 and more. Once installed, the FXCM toolbar may be added to your browse providing instant info & alerts without firing up the platform. Mirror trading enables newcomers to watch, learn from and even copy the positions of more experienced and successful traders.

Support covers weekends as well, 24 hours a day in mover 20 languages through toll-free numbers, live chat and email.

Advantages:

  • Broad regulatory status
  • Low spreads

Disadvantages:

  • Limited leverage
Summary
Review Date
Reviewed Item
FXCM
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