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FXCM



 


 Company information

 Broker's name: Forex Capital Markets (NYSE: FXCM)

 Website: www.fxcm.com 

 Headquarted in New York, NY

 Regulated by: NFA, BaFin, FCA, FCM, SFC, ASiC, CFTC,

                               CONSOB, RFED

 E-mail Address: info@fxcm.com 


Safety

FSA rules stipulate that forex brokers comply with strict standards in relation to the safety of client funds and capital adequacy requirements. Clients of FXCM can discover if FXCM meets these requirements by visiting the website of FSA, where infringements of rules by regulated brokers are published. The 150,000+ clients of FXCM, the company's long history (by the standards of the forex industry) and large capital, its well-established reputation are probably the greatest insurance against fraud and illegal activities. If you would like to know more about the financial state of the broker, it may be helpful to know that FXCM publishes highlights of its latest regulatory and financial filings and some details of its balance sheet at its website.

Account Types and Spreads

You can trade the EURUSD pair at a spread of two pips and the GBPUSD pair at three pips with the standard FXCM Trading Station platform. For the special case of active traders who use the Active Trader Platform, FXCM lowers spreads to as little 0.7 for EURUSD, and 1.8 for the GBPUSD pairs. FXCM cooperates with multiple global banks to provide you the best spreads, with the result that they remain stable in usual market conditions. Needless to say, draining of liquidity during times of market turmoil can lead to much wider spreads on occasion.

Commissions charged to users of Active Traders accounts are based on volume, and can be negotiated for further reductions. Typically, a trader who trades more than $10 million per month (100 trades/month) will need to pay $5 per standard lot, while traders whose trade volume exceed $100 million (1000 trades per month) are required to pay $3.50 per lot in commissions.

FXCM Trading Station: The flagship platform of FXCM UK enables one-click trading, hedging, streaming quotes and more than 10 different order types.

MetaTrader4: The widely acclaimed MT4 platform is available to traders who prefer to exploit the exceptional flexibility and richness of options that comes with the software.
Active Trader Platform: This special offer for qualifying active traders allows traders to observe the order flow of FXCM and to exploit them at lower spreads in exchange for a small commission. The ability to view up to 10 levels of market depth enables the identification of potential support and resistance points and creates a massive advantage during market analysis and execution of trades. Unfortunately, the Active Trader is quite expensive with a minimum deposit requirement of $25,000 or a monthly trade volume of $10 million.

FXCM Mobile: The exciting features of mobile trading via FXCM includes the ability to access and analyze live charts, evaluate breaking news and reports from your mobile. You can view live streaming rates, your balance, margin and equity levels, while having the power to open or close market and entry orders with just a few clicks. FXCM Mobile is available to standard and micro accounts.
As per U.K. Regulations, forex traders at FXCM can trade oil and gold in addition to currency pairs. Leverage up to 200:1 is available, but keep in mind, if you decide to increase your leverage, that leverage can be as much of a loss multiplier as it is a profit multiplier in the hands of a successful trader.


Comments

  • John tight spreads fast support deposit and withdraw in many ways



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