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FXCM 2025 Review

FXCM

FXCM

www.fxcm.com

  • Leverage: 1:30 | 1:1000

  • Regulation: FCA, ASIC, CySEC, FSCA, FSA, ISA

  • Min. Deposit: $50

  • HQ: UK

  • Platforms: MT4, Trading Station, ZuluTrade, TradingView Pro, NinjaTrader, Capitalise AI

  • Found in: 1999

FXCM Licenses

  • Stratos Markets Limited (FXCM) - authorized by FCA (UK) registration no. 217689 
  • Stratos Europe Limited - authorized by CySEC (Cyprus) registration no. 392/20
  • Stratos Trading Pty. Limited - authorized by ASIC (Australia) registration no. AFSL 309763, ACN 121934432
  • Stratos South Africa (Pty) Ltd- authorized by  FSCA (South Africa) registration no. FSP 46534
  • Stratos Light Ltd. - authorized by ISA (Israel) registration no. 515234623
  • Stratos Global LLC - authorized by FSA (SVG) registration no. 1776 LLC 2022

Top 3 Forex Brokers

  1. What is FXCM?
  2. FXCM Pros and Cons
  3. Regulation and Security Measures
  4. Account Types and Benefits
  5. Cost Structure and Fees
  6. Trading Platforms and Tools
  7. Trading Instruments
  8. Deposit and Withdrawal Options
  9. Customer Support and Responsiveness
  10. Research and Education
  11. Portfolio and Investment Opportunities
  12. Account Opening
  13. Additional Tools And Features
  14. FXCM Compared to Other Brokers
  15. Full Review of Broker FXCM

Overall Rating 4.7
Regulation and Security4.8 / 5
Account Types and Benefits4.6 / 5
Cost Structure and Fees4.5 / 5
Trading Platforms and Tools4.9 / 5
Trading Instruments4.2 / 5
Deposit and Withdrawal Options4.3 / 5
Customer Support and Responsiveness4.5 / 5
Research and Education4.7 / 5
Portfolio and Investment Opportunities4.2 / 5
Account Opening4.4 / 5
Additional Tools and Features4.8 / 5

What is FXCM?

FXCM is an online Forex and CFD trading broker offering popular trading instruments like Stocks, Commodities, Indices, Cryptocurrencies, and spread betting (available for UK and Ireland residents only). FXCM has been around since 1999 and is still going strong today. The company’s headquarters are in London, UK, where it is regulated by the Financial Conduct Authority (FCA) as well as several other strict regulatory authorities worldwide, including those in Australia (ASIC) and South Africa (FSCA).

The company provides global traders with access to the world’s largest liquid market through innovative trading tools, and the support of excellent trading educators while all operating under strict financial standards.

Where is FXCM Based?

The FXCM Group is headquartered in London (UK), offering dedicated customer support service regardless of clients’ location through a global chain of offices situated in Germany, Australia, France, and Italy. Additionally, through the various affiliated offices, the broker provides access to the residents in Greece, Israel, and South Africa, thus becoming a truly global broker.

FXCM Website Review

FXCM Pros and Cons

Our experts find FXCM a good reliable broker with lots of benefits and appealing conditions. The broker has a worldwide reputation for offering an extensive range of trading conditions. The company platform provides one of the best selections in terms of tight spreads and low prices, which are balanced through your account with them. For some entities, it offers a low minimum deposit and trading on leverage. They also provide professional education and research sections that are available for free.

On the negative side, there is a withdrawal fee for Bank Wire transfers in some regions and the support is not available on a 24/7 basis. Also, the broker might not be suitable for futures and options traders due to the lack of these assets.

AdvantagesDisadvantages
Founded in the UK and known worldwide as one of the best Forex BrokersWithdrawal fee for Bank Wire
Regulated by Top-Tier authorities No 24/7 support
Numerous industry awardsConditions vary according to regulation and entity
Tight low spreads
Suitable for beginners and professionals
One of the best trading platforms selection
Balanced trading conditions
Professional free education

FXCM Features

FXCM is a globally recognized online broker offering a wide range of trading solutions tailored to meet the needs of traders of all levels. Explore the key features offered by FXCM:

FXCM Features in 10 Points
🏢 RegulationFCA, ASIC, CySEC, FSCA, FSA, ISA
🗺️ Account TypesStandard, Active Trader, Spread Betting, Professional, Corporate, Trust Accounts
🖥 Trading PlatformsMT4, Trading Station, ZuluTrade, TradingView Pro, Ninja Trader, Capitalise AI
📉 Trading InstrumentsForex, CFDs, Indices, Shares, ETFs, Commodities, Cryptocurrencies, Spread Betting (available for UK and Ireland residents)
💳 Minimum Deposit$50
💰 Average EUR/USD Spread1.3 pips
🎮 Demo AccountAvailable
💰 Account Base CurrenciesUSD, GBP, EUR
📚 Trading EducationFree Online Forex Trading Courses, Professional Education, Trading Guides, Research Resources, etc.
☎ Customer Support24/5

Who is FXCM For?

FXCM trading provides great trading conditions for Forex and CFDs. They offer a global platform suitable for international trading, including European clients and beginning traders looking for technical solutions. Based on our findings and financial expert opinions FXCM is Good for:

  • Beginning traders
  • Professional traders
  • International trading
  • Traders from Europe, the UK Trading, and Australia Trading
  • Traders who prefer MT4, Trading Station, NinjaTrader, and TradingView Pro platform
  • Currency Trading and CFD Trading
  • Running various strategies
  • Active Traders and Professional Traders
  • Leverage trading
  • EAs trading
  • Social trading
  • DMA trading
  • Excellent research and education

FXCM Summary

Overall, due to the strong background of the broker, years of successful operation, and reputation in the financial world our financial experts find FXCM broker a reliable and safe trading environment. Active or high-volume traders can enjoy numerous benefits with various available interfaces, good and competitive value spreads, or offerings with advanced technical features with excellent choice of platforms.

If you are a beginning trader, FXCM is an option too as there is no need for big deposits to start trading, supportive customer managers always remain on hand, along with unique educational techniques with an absolutely impressive choice of tools to start, from Autotrading to the diversity of comprehensively supported indicators.

FXCM is a great option for various traders, but you should check the trading conditions and regulations in your country before deciding on this broker.

55Brokers Professional Insights

FXCM is a broker with a great reputation, coverage of many regions, established operation for many years, and a Broker with a great selection of trading platforms. FXCM has a robust global presence, providing traders with a secure and reliable platform backed by regulation from top-tier authorities renowned for its solid reputation since FXCM caters to diverse traders seeking long-term trading partnerships. This makes Broker an excellent choice for traders looking for a long-term solid company to trade through, also the one with excellent platforms including FXCM NinjaTrader which is among only a few Brokers worldwide who support this platform for Forex trading. 

With a strong focus on transparency, FXCM provides professional tools such as real-time market data, expert insights, and algorithmic trading capabilities so traders of various strategies are very welcome to FXCM, especially technical and pattern traders will enjoy great software capabilities. Besides, flexible account types and diverse trading solutions make it suitable for retail traders, institutional clients, and those requiring tailored services. While some features or accounts may have higher costs, in our opinion it is well worth it for the quality of trading and execution you get.

As one of the downsides, we see that the range of instruments offered might not be sufficient for some traders as thousands of instruments are indeed not available. Additionally, the availability of certain assets and the minimum deposit requirements vary depending on the entity, so is good to verify conditions before getting started.

Consider Trading with FXCM If:

FXCM is an excellent Broker for:- Who look for broker with UK, Australian or European licenses. - Need broker with worldwide presence. - Broker providing MT4 trading platform and good trading tools. - Access Free NinjaTrader Broker - Looking for Excellent tools and trading software capabilities - Offering popular trading instruments. - Broker with (VPS) Hosting. - Looking for broker with diverse trading accounts. - Need good educational resources and research tools. - Broker with a variety of trading strategies allowed. - Looking for broker offering Copy Trading/ Social Trading features. - Suitable for both beginners and professional traders. - Providing separate FXCM Pro platform for professional and institutional users. - Offering both spread-based and commission-based accounts.

Avoid Trading with FXCM If:

FXCM might not be the best for:- Traders who prefer no minimum deposit requirements. - Who prefer 24/7 customer support. - Prefer fixed spreads on trading instruments. - Looking for extensive asset coverage. - Prefer MT5 or cTrader trading platforms.

Regulation and Security Measures

Score – 4.8/5

FXCM Regulatory Overview

FXCM is a globally regulated broker committed to maintaining high security and transparency standards. The company operates under several top-tier regulatory authorities’ oversight, including the UK FCA, the Australian ASIC, and the Cyprus CySEC. It ensures robust compliance with international standards, adheres to strict financial requirements such as capital adequacy, maintains transparency in business practices, and protects clients’ funds by holding them in segregated accounts.

Additionally, FXCM is regulated by the FSCA in South Africa and the ISA in Israel. However, international trading is managed by the FSA in Seychelles, which is an offshore regulation. Therefore, traders should carefully review the terms and conditions of their chosen entity to understand the applicable trading conditions and regulatory safeguards fully.

How Safe is Trading with FXCM?

Trading with FXCM is considered safe due to its strong regulatory framework and commitment to client protection. The broker adheres to strict regulatory standards, including client fund segregation, ensuring that traders’ assets are protected in the event of financial instability.

FXCM’s long-standing presence in the industry, coupled with its transparent operations and compliance with international financial laws, further solidifies its credibility. However, trading conditions vary depending on the specific entity under which the broker operates. Users should review the terms and conditions of their chosen entity to ensure alignment with their trading needs and expectations.

Consistency and Clarity

FXCM is widely regarded as a reliable broker operating for many years the company gained high trust among traders and industry, backed by its consistent adherence to strict regulatory standards and a solid reputation built over decades in the financial industry. The broker’s transparent operations, including clear pricing structures and dependable fast trade execution with an average of 0.019 seconds or 19 milliseconds, have earned the trust of traders worldwide.

Traders often highlight FXCM’s user-friendly platforms, responsive customer service, and robust educational resources as key strengths. While some traders have noted occasional concerns about fees or platform features, the overall sentiment emphasizes FXCM’s reliability and commitment to delivering a secure and efficient trading experience for clients across all levels.

FXCM License Review

Account Types and Benefits

Score – 4.6/5

Which Account Types Are Available with FXCM?

FXCM offers a variety of account types to cater to the diverse needs of traders, while there are some differences for account specifications based on entity rules. The Standard Account is ideal for retail traders, providing competitive spreads and access to a range of popular trading instruments. The Active Trader Account is designed for high-volume traders, offering reduced spreads, premium support, and exclusive benefits. For those interested in tax-free trading, FXCM offers the Spread Betting Account for residents in the UK and Ireland.

Additionally, FXCM provides Interest-Free Accounts for traders seeking a Sharia-compliant option. For those just starting or looking to practice, the broker offers Demo Accounts, allowing traders to test strategies risk-free.

  • The broker also caters to more advanced and institutional clients with Professional, Corporate, and Trust Accounts. These account types suit traders who require specialized services, higher leverage, and access to premium trading features.

However, the account availability, features, and terms may vary depending on the regulatory entity under which the account is opened, ensuring traders have options that suit their region and specific trading preferences.

Standard Account

The Standard Account is the most common account type offered by FXCM, ideal for retail traders. The account offers average spreads of 1.3 pips on the EUR/USD forex pair and requires a minimum deposit of $50.

However, the account conditions may vary based on the entity under which the account is opened. Traders need to check the specific terms and conditions associated with the entity they choose to open an account with to ensure they meet the requirements and understand the available trading features.

Active Trader Account

The Active Trader Account is designed for high-volume and professional traders, offering lower spreads and reduced commissions, making it ideal for traders who want to optimize their trading costs. Spreads start as low as 0.2 pips, with a commission charge of $0.05 per 1,000 units traded. This account is available through the FCA, ASIC, and CySEC-regulated entities.

The Active Trader Account is available on the Trading Station platform and provides advanced charting tools, faster execution, and premium support services for active traders. The account has a minimum notional volume requirement of $10 million monthly.

Spread Betting Account

FXCM offers the Spread Betting Account for clients in the UK Trading and Ireland, allowing traders to speculate on price movements without paying taxes on profits, a key advantage for residents in those regions. The account features competitive spreads starting from 1.0 pips on Forex pairs and requires a minimum deposit of £300 for UK residents.

Professional Account

The Professional Account is tailored to more experienced and institutional traders who meet certain criteria set by FXCM and regulatory authorities. This account offers tighter spreads starting from 0.1 pips and lower commission fees, as well as higher leverage, which can be advantageous for those managing large positions.

The minimum deposit for a Professional Account is typically around $2,000, although this can vary depending on the regulatory entity and specific terms.

FXCM Accounts Review

Regions Where FXCM is Restricted

FXCM operates globally but is restricted in certain regions due to regulatory requirements or local laws. Some of the regions where FXCM is restricted or does not offer services include:

  • USA
  • Canada
  • Hong Kong
  • Japan

FXCM Restricted Regions Review

Cost Structure and Fees

Score – 4.5/5

FXCM Brokerage Fees

FXCM brokerage fees offer flexibility for traders with different styles and account preferences.

The broker does not charge deposit or withdrawal fees for most payment methods, however, third-party processing fees may apply. Also, a $40 withdrawal fee is imposed on all Bank Wire transactions. Overnight financing or swap rates are applied to positions held overnight, with charges varying based on the asset and prevailing market conditions.

However, the fees and spreads can vary depending on the account type and the regulatory entity overseeing the account. Therefore, traders should review FXCM’s official website or specific terms in their region for detailed fee schedules and conditions.

  • FXCM Spreads

FXCM offers competitive spreads that vary based on the account type, trading platform, and asset class. For Standard accounts, the average spread for Forex pairs like EUR/USD is 1.3 pips, providing an accessible option for retail traders. Active Trader accounts feature tighter spreads, starting as low as 0.2 pips, catering to high-volume traders but with commission charges as trading fefes. Spread betting accounts, available in specific regions such as the UK, offer spreads comparable to Standard accounts.

Spreads are dynamic and subject to market conditions, including volatility and liquidity, ensuring that traders benefit from fair pricing aligned with market realities.

  • FXCM Commissions

While FXCM operates primarily on a spread-based pricing model, however, FXCM charges competitive commissions on its low-spreads-plus-commissions accounts, including Standard and Active Trader CFD trading accounts. These commissions are calculated based on the instrument and trade size, starting as low as $0.05 per 1K lot. 

While commissions are limited to specific account types, traders should review the detailed fee structure and conditions applicable to their chosen entity and region, as they may vary.

  • FXCM Rollover / Swaps

FXCM applies rollover fees, commonly known as swaps, to positions held overnight. These fees are calculated based on the interest rate differential between the currencies in the traded pair and are applied to open positions at the end of each trading day. Rollover rates may be positive or negative, depending on the direction of the trade and the prevailing market conditions.

  • FXCM Additional Fees

The broker also charges additional fees that traders should consider when planning their trading strategies. While most deposit and withdrawal methods are fee-free, bank wire withdrawals incur a $40 fee. Inactivity fees are also applied if an account remains dormant for 12 months or more, with a monthly charge of $50.

Rollover fees are applied for positions held overnight, varying by instrument and market conditions. These fees are displayed on FXCM’s trading platforms. Traders should also be aware of potential third-party fees, such as payment processing charges, which may apply depending on the selected payment method.

How Competitive Are FXCM Fees?

FXCM’s fee structure is overall reasonable, catering to traders of different experience levels and trading volumes. The broker’s combination of competitive spreads and transparent commissions offers cost-effective solutions for active and retail traders alike. Additionally, FXCM minimizes non-trading costs, with no fees on most deposits and withdrawals, though specific charges apply for wire transfers and inactive accounts.

The broker’s rollover rates and other trading costs are in line with industry standards, making it a viable choice for those seeking reliable pricing without hidden fees. However, traders should carefully review the terms for their specific account type and region, as fees may vary based on the regulatory entity and chosen trading platform.

Asset/ PairFXCM SpreadAxi SpreadXTB Spread
EUR USD Spread1.3 pips1.2 pips1 pip
Crude Oil WTI Spread0.040.030.03
Gold Spread0.350.160.25
BTC USD Spread3.73%180.22%

FXCM Fees Review

Trading Platforms and Tools

Score – 4.9/5

FXCM offers a diverse range of trading platforms and tools, catering to different trader preferences and strategies in fact proposing one of the best selections of Trading software with great performance. Traders can choose from popular platforms like MT4, which is widely recognized for its user-friendly interface and robust charting tools. FXCM’s proprietary Trading Station platform also provides diverse charting, analysis, and fast order execution with an average of 19 milliseconds, making it suitable for all levels of traders.

For those seeking automated trading options, FXCM integrates with ZuluTrade, a social trading platform, allowing traders to copy strategies from others. Additionally, TradingView Pro is available for advanced charting and analysis, while NinjaTrader offers sophisticated tools for Forex trading. Capitalise AI adds a unique touch with its automated strategy-building capabilities based on customizable criteria.

Trading Platform Comparison to Other Brokers:
PlatformsFXCM PlatformsAxi PlatformsXTB Platforms
MT4YesYesYes
MT5NoNoNo
cTraderNoNoNo
Own PlatformYesYesYes
Mobile AppsYesYesYes

FXCM Web Platform

FXCM offers several web-based trading platforms including its proprietary Trading Station Web 3.0 platform, which provides an intuitive interface with charting, real-time market data, and fast trade execution. It supports a wide range of technical analysis tools and risk management features.

MT4 also offers a web-based version, retaining the full functionality of the desktop platform. It allows traders to execute trades, access a variety of charting tools, use technical indicators, and implement automated trading strategies. The web-based MT4 provides convenience by enabling access from any device with an internet connection, making it a popular choice for traders who prefer flexibility.

In addition, FXCM also provides ZuluTrade, TradingView Pro, NinjaTrader, and Capitalise AI, which also have web-based versions. These platforms offer additional trading tools such as social trading, AI-driven trading strategies, and good charting capabilities.

FXCM Desktop MetaTrader 4 Platform

FXCM’s MetaTrader 4 desktop platform offers traders a customizable trading experience, combining the power of the globally popular MT4 with FXCM’s integrated features. Traders can still utilize the renowned MT4 for Forex trading while benefiting from FXCM’s enhancements, including support for Expert Advisors, scalping, and the ability to trade as low as 0.01 lot sizes.

Additionally, FXCM provides a Free VPS for traders who meet the 500k average trade volume, allowing seamless and fast execution, especially for automated strategies.

FXCM Desktop MetaTrader 5 Platform

FXCM does not offer the MT5 platform. While MT5 is known for its advanced charting tools, additional order types, and a wider range of timeframes, FXCM only provides the MT4 platform along with its proprietary Trading Station.

Traders looking for features like multi-asset trading or social and copy trading need to turn to other platforms such as ZuluTrade, TradingView Pro, NinjaTrader, and Capitalise AI.

FXCM Desktop Trading Station Platform

The Trading Station platform by FXCM is a powerful, proprietary trading platform designed to offer a user-friendly trading experience. It is also available for desktop use and provides a wide range of features, including customizable charts, different order types, and real-time market data.

One of its key advantages is the integration of trading tools, such as automated trading options and professional charting capabilities. It also supports various indicators and technical analysis tools, giving traders greater flexibility to execute their strategies effectively. The platform also offers a variety of educational resources and tutorials to help users make the most of its features.

Main Insights from Testing

Our testing reveals that FXCM’s Trading Station platform is equipped with a wide range of tools for efficient market analysis and trading. It supports various order types, including market and limit orders, providing flexibility for different trading strategies. The platform boasts powerful charting capabilities, allowing users to perform technical analysis with a range of indicators and drawing tools.

Additionally, the Trading Station platform delivers live market data, news, and economic calendars, ensuring traders are well-informed. It also offers automated trading features, with a scripting language for creating custom strategies. The platform’s interface can be personalized, enhancing the overall trading experience for both beginner and experienced traders.

FXCM MobileTrader App

The FXCM Mobile app provides traders with the flexibility to manage their trades on the go, directly from their smartphones or tablets. Available for both iOS and Android devices, the app offers a streamlined version of FXCM’s Trading Station and MetaTrader 4 platforms, allowing users to monitor live market conditions, execute trades, and access real-time data.

The mobile app features an intuitive interface, with tools for placing orders, analyzing charts, and managing accounts. It also supports multiple order types, risk management features like stop-loss and take-profit, and notifications for price alerts, giving traders a high level of control while on the move.

FXCM Platform Review

Trading Instruments

Score – 4.2/5

What Can You Trade on FXCM’s Platform?

FXCM offers more than 200 instruments for trading yet the range is different based on entity rules and offerings.

On its platforms, you can trade Forex with popular currency pairs, CFDs on indices, shares, commodities, ETFs, and cryptocurrencies. For residents of the UK and Ireland, FXCM also provides Spread Betting, which allows tax-efficient trading on price movements without owning the underlying assets.

However, the availability of specific instruments may depend on your account type and the regulatory entity governing your account.

Main Insights from Exploring FXCM’s Tradable Assets

FXCM offers a good selection of tradable assets mainly focusing on the most popular assets and instruments selection, including cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin. However, the range is not as extensive as some competitors with thousands of trading products available, also instruments such as options, bonds, and Real futures are not available.

Additionally, the specific selection of assets can vary depending on the regulatory entity under which the account is registered, which may impact the overall diversity available to traders. While the offering is sufficient for most retail traders, those seeking a broader range of niche or advanced financial instruments might find FXCM’s portfolio somewhat limited.

FXCM Instruments Review

Leverage Options at FXCM

FXCM allows leveraged trading of Forex and CFDs, which gives traders an advantage even on the smallest market moves. In simple words, leverage is a credit line given by the broker to your trading account to multiply the trading size of your positions.

Leverage can dramatically increase your potential gains, but in reverse, it may also increase your losses. Thus, we urge you to use leverage very smartly. Do not jump into high leverage levels; define the correct size for each instrument.

FXCM Leverage levels are based on the traders’ account funds, as well as the regulation in which particular residents or accounts may fall:

  • European and UK resident traders can use a maximum leverage of 1:30.
  • Australian clients can use a maximum leverage of 1:30 too.
  • Other entities may see a significant increase up to 1:1000 on Forex instruments.

Deposit and Withdrawal Options

Score – 4.3/5

Deposit Options at FXCM

FXCM offers a variety of funding options designed for quick and secure transactions, including credit/debit card payments, wire transfers, and e-wallets. The specific methods available can vary depending on the regulatory entity governing the trader’s account and local regulations.

Traders should review the broker’s guidelines to confirm the availability of their preferred payment method in their region. This ensures compliance with regulatory requirements and facilitates a smooth funding experience.

  • Credit/Debit Cards
  • Bank Wire
  • e-payment via Skrill, Neteller

FXCM Minimum Deposit

For standard accounts, the minimum deposit is $50, making it accessible for beginners and casual traders. However, premium accounts like the Active Trader account require significantly higher deposits, tailored for high-volume or institutional traders.

The minimum deposit can vary depending on the account type and the regulatory entity you register with.

Withdrawal Options at FXCM

FXCM offers a variety of withdrawal options including bank wire transfers, credit/debit cards, and e-wallets like Skrill. Withdrawal methods may vary depending on the trader’s region and the regulatory entity overseeing their account.

While most methods are free of charge, bank wire withdrawals typically incur a fee of $40. Processing times differ by method, with e-wallets usually being the fastest and wire transfers taking several business days.

FXCM Deposit/Withdrawal Review

Customer Support and Responsiveness

Score – 4.5/5

Testing FXCM’s Customer Support

Another good point is FXCM’s client-oriented 24/5 multilingual customer support available through various channels, including live chat, email, and phone, ensuring accessibility for traders worldwide. The live chat feature is particularly responsive, delivering quick solutions for account-related questions or technical issues.

Additionally, FXCM’s website hosts an extensive help center with FAQs, platform guides, and educational resources, enabling traders to find answers independently.

Contacts FXCM

FXCM provides several ways for clients to get in touch, ensuring accessibility for traders across different regions. The broker offers support via phone, email, and live chat, with contact numbers varying by location.

For example, UK clients can reach support at +44 7537 432259, while European entity clients can contact +357 22022619. Additionally, FXCM’s official website lists local support numbers for other regions, ensuring region-specific assistance. Traders can also email FXCM at info@fxcmmarkets.com or use the live chat feature for real-time assistance. These diverse contact methods reflect FXCM’s commitment to providing responsive and localized customer support.

FXCM Support Review

Research and Education

Score – 4.7/5

Research Tools FXCM

FXCM provides a range of valuable research tools that enhance traders’ abilities to analyze and react to market conditions.

  • The Economic Calendar, accessible through FXCM’s website, helps track key economic events that could influence market movements. It also offers insights such as previous data sets, market consensus, and volatility to identify potential trading opportunities. Traders can customize their search to focus on events most relevant to their strategies.
  • Another useful tool is Trade Volatility, also on the website, which shows Top Movers in the market, helping traders spot trading opportunities.
  • For those focused on technical analysis, Live Forex Charts by TradingView are available. These charts allow traders to analyze currency pairs or other instruments, change periods, and use various technical indicators to find optimal entry and exit points.
  • FXCM’s platform, Trading Station, includes unique tools like Real Volume Indicators, Market Depth, and Trader Sentiment, which provide insights into market activity and trends.
  • MetaTrader 4 offers a range of research tools as well. These include over 30 built-in technical indicators like Moving Averages and RSI, charting capabilities with multiple timeframes, and custom scripts or Expert Advisors for automated analysis.

FXCM Research Review

Education

FXCM provides comprehensive educational resources to support traders at every skill level. Their Free Online Forex Trading Courses cover essential topics, from beginner-level tutorials to more advanced strategies, helping users understand the fundamentals of Forex trading and develop effective techniques.

In addition, FXCM offers Professional Education, including webinars and seminars led by experienced traders and analysts, aimed at refining skills and expanding knowledge.

Traders can also access a wide range of Trading Guides that explain market concepts, trading strategies, and the use of specific trading tools. These resources are designed to make complex trading ideas accessible, helping traders improve their decision-making. Research Resources are also available through FXCM’s various platforms, such as market analysis, reports, and expert insights that keep traders informed on global economic events and market conditions.

Is FXCM a good broker for beginners?

Yes, we recommend FXCM broker for beginners due to its user-friendly platforms, educational resources, and access to popular assets. It offers free online forex trading courses, professional education, and comprehensive trading guides, helping new traders understand the fundamentals of trading.

Additionally, FXCM’s Trading Station platform is easy to navigate and offers helpful tools like charting and real-time market data, which can support beginners in making informed decisions.

Portfolio and Investment Opportunities

Score – 4.2/5

Investment Options FXCM

FXCM is primarily a Forex-focused broker, however, it provides a few additional investment options. While PAMM accounts are available to Introducing Brokers (IBs) and Referring Brokers (RBs), they are not accessible to individual, self-traded clients. For those seeking additional investment strategies, FXCM supports ZuluTrade and NinjaTrader, both of which offer social trading opportunities.

These platforms allow traders to follow seasoned professionals, providing an excellent way to diversify portfolios and learn from others. However, the availability of these options may vary based on region and regulatory requirements.

Account Opening

Score – 4.4/5

How to Open FXCM Demo Account?

To open a demo account with FXCM, you simply need to visit the broker’s official website and complete a registration process. After selecting the “Demo Account” option, you will be prompted to provide basic details such as your name, email address, country of residence, and preferred password. You will then choose the account type, platform (like MT4, Trading Station, etc.), and deposit amount, which is virtual for a demo account.

Once submitted, FXCM will set up your demo account, giving you access to the MyFXCM area with virtual funds to practice trading in a risk-free environment. The demo account will typically remain active for 30 days, but you can always open a new one once the period expires. The account provides a great way for beginners to learn and practice strategies without any financial risk.

For more detailed steps, you can visit FXCM’s demo account page on their official website.

How to Open FXCM Live Account?

Opening a live account with the broker is a straightforward process that enables traders to access various financial instruments. Here is a step-by-step guide on how to open a live account with FXCM.

  1. Visit the FXCM website and click on “Open Account” on the homepage.
  2. Fill out the registration form with your details, including your name, email, phone number, and country of residence.
  3. Select the account type you wish to open (e.g., Standard, Active Trader, or Professional) and choose your preferred trading platform (MT4, Trading Station, etc.).
  4. Verify your identity by submitting documents like a government-issued ID and proof of address (e.g., a utility bill or bank statement).
  5. Fund your account by choosing from various payment methods, including bank transfer, credit/debit card, or e-wallet, with the required minimum deposit depending on the account type.
  6. Once your account is funded and documents are verified, you can log into the platform and begin trading.

FXCM Account Opening Review

Additional Tools and Features

Score – 4.8/5

FXCM provides a comprehensive suite of additional tools and features designed to enhance users’ trading capabilities and offer valuable market insights.

  • Integration with TradingView, a popular charting and analysis platform that provides advanced tools for traders to analyze market trends. It offers a wide range of chart types, indicators, drawing tools, and customizable features.
  • Capitalize AI, on the other hand, offers traders the ability to automate their trading strategies with the help of artificial intelligence. This platform allows traders to create fully automated trading strategies without requiring any coding knowledge.
  • For those seeking real-time market insights, FXCM provides Market Data Signals and the Market Trade Scanner, which allows traders to quickly screen Forex and CFDs using technical parameters of their choice. By selecting preferred indicators and time frames, traders can easily identify the five strongest trading signals.
  • FXCM Plus offers valuable resources such as Economic Insight, Technical Analyzer, and Trading Analytics, helping traders make informed decisions based on comprehensive market analysis.
  • FXCM offers VPS hosting to ensure that traders benefit from low-latency, stable, and high-speed connections, which are essential for executing automated trading strategies effectively.
  • Additionally, FXCM offers eFXplus, an innovative research app that simulates FX strategies and trade positions, providing access to major banks’ sell-side research, forecasts, and insights.
  • Lastly, FXCM’s suite of Trading Apps, including specialty and free apps, gives traders convenient access to a variety of trading tools and real-time market data to make smarter trading decisions on the go.

FXCM Additional Tools Review

FXCM Compared to Other Brokers

FXCM offers a competitive trading environment with a solid selection of trading platforms such as MT4, its proprietary Trading Station, and ZuluTrade, as well as tools like TradingView Pro and NinjaTrader. While this variety ensures flexibility for different traders, competitors like Forex.com and IC Markets offer more specialized options, including cTrader and MT5.

FXCM’s asset selection is more limited compared to brokers like FP Markets and XTB, which offer an extensive range of over 6,100 instruments, or FP Markets with over 10,000. This smaller selection could be a downside for traders looking for a broader range of investment opportunities.

In terms of fees, FXCM has an average fee structure. While its spread-based accounts typically offer competitive pricing, they may not always be as cost-effective as brokers like IC Markets or Pepperstone, which are known for having lower spreads. However, FXCM’s commission-based accounts could be an appealing choice for traders who prefer a more predictable fee structure.

Another strong point is FXCM’s extensive research tools and educational resources, which are comparable to those offered by competitors like Forex.com and Pepperstone. FXCM’s minimum deposit requirement is relatively low, making it accessible for newer traders, though competitors like XTB offer even lower or no deposit requirements.

Overall, FXCM provides a well-rounded service with excellent reputation, but those seeking a wider asset range, lower fees, or more flexible trading options might find more competitive offerings elsewhere.

Parameter FXCM FXTM Forex.com FP Markets IC Markets  Pepperstone XTB
Spread Based Account Average 1.3 pips Average 1.5 pips Average 1.3 pips From 1 pip From 1 pip Average 0.7 Average 1 pip
Commission Based Account 0.2 pips + $0.05 per 1K lot 0.0 pips + $3.5 0.0 pips + $5 0.0 pips + $3 0.0 pips + $3.50 0.0 pips + $3.50 0.0 pips + 0.2% (for real stocks and ETF above €100,000 monthly turnover)
Fees Ranking Average Average Average Low/ Average Low/ Average  Low  Low/ Average
Trading Platforms MT4, Trading Station, ZuluTrade, TradingView Pro, NinjaTrader, Capitalise AI MT4, MT5 MT4, MT5, Forex.com Web Trader, TradingView MT4, MT5, cTrader, IRESS, Proprietary Platform MT4, MT5, cTrader MT4, MT5, cTrader, TradingView xStation 5, MT4
Asset Variety 200+ instruments 1000+ instruments 6000+ instruments 10,000+ instruments 1,000+ instruments 1,200+ instruments 6100+ instruments
Regulation FCA, ASIC, CySEC, FSCA, FSA, ISA FCA, FSC, CMA FCA, NFA, IIROC, ASIC, CySEC, JFSA, MAS, CIMA ASIC, CySEC,  FSCA, CMA ASIC, CySEC ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN FCA, CySEC, KNF, FSC, CNMV, DIFC
Customer Support 24/5 24/5 24/5 24/7 support  24/7 support 24/7 support 24/5 support
Educational Resources Excellent Good Excellent Excellent  Good Excellent Good
Minimum Deposit $50 $200 $100  $100  $200 $0 $0

Full Review of Broker FXCM

FXCM is a globally recognized Forex and CFD broker with high scores of trust and security, also quality trading conditions offering a variety of trading platforms, including MetaTrader 4, its proprietary Trading Station, and advanced tools like TradingView Pro, NinjaTrader, and ZuluTrade. This wide range of platforms makes it a versatile choice for traders of all experience levels.

Additionally, the broker provides quite competitive fees and spreads, as well as a popular selection of assets, including Forex, CFDs, and cryptocurrency CFDs. Operating on a spread-based pricing model, FXCM provides competitive spreads on major currency pairs, with an average spread for EUR/USD of 1.3 pips for standard accounts. These accounts require a minimum deposit of $50, making them accessible to retail traders. FXCM also excels in providing educational resources, such as free trading courses, webinars, and research tools, making it an excellent option for beginners.

Overall, FXCM is a well-rounded broker that provides a reliable trading environment. However, traders looking for a wider selection of assets and the lowest fees may want to consider other brokers as well.

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Editor team
Eno Eteng
Eno Eteng Content Creator
Eno Eteng is a highly skilled and certified financial technician with a Diploma from the UK Society of Technical Analysts. As a pioneer alumnus of the Tony Elumelu Foundation's (TEF) Entrepreneurship Program (class of 2015), Eno has been a prominent figure in the financial content industry since 2009. Over the years, Eno has crafted more than 5,000 ghost-written articles for major industry players, including InvestooGroup, EasyMarkets, eToro, Spotware Systems, and high-profile clients like the Chief of Staff to the Delta State Government of Nigeria.
George R. is a wide-ranging expert with experience in analysis and writing. Currently serving as a Senior Writer at 55brokers.com. In addition to this role, he has been the Chief Market and Broker Analyst since June 2020. He has played a crucial role in providing in-depth analysis and insights into the financial markets. With nearly a decade of experience as a Foreign Exchange Trader, George brings a deep understanding of market dynamics and trading strategies. His previous positions include serving as the Chief Market Analyst at SVS Securities Plc.
Crispus Nyaga is an investment analyst with great experience in financials. His expertise spans various domains, including Petroleum, Statistical Data Analysis, and Technical Analysis. Crispus is proficient in utilizing advanced tools to conduct in-depth market research and data analysis. Also, he has an academic background - holding a Master’s degree in Business from Kenyatta University.

17 responses to “FXCM”

  1. Terrible experience with this company they almost fleeced me to the last dime but I finally found help from an expert recovery agent (drewwake. jtbtech(at) 9Ma 1L . C om. ) trust and contact them if you need assistance.

  2. Hi,
    I got per Whatsapp offers for a forex trading service from you.
    They advise signals.
    Is this official from you or is it fake?

    Thx.

    BR
    Jörg

  3. I had a very bad ending experience with this broker. i traded with them (account number: 92102075) for about a year during which i managed to withdraw all my deposit as refund by debit card but when I decided to take all my profit for summer break, the money was deducted from my trading account and I was informed that the withdrawal has been processed. The fund never showed up in my bank account, I contacted them and they were very responsive but depite all the assistance which included sending a wire transfer confirmation attachment to me. My bank still couldn’t track the fund and that was how the fund was lost till date.

    • so what is the official website, i am not able to withdraw my USDT they are asking for personal tax then I deposited 80K not they again asking for 47K please advise. I have invested 3 laks so far.

  4. Hi there I m Lauren from South Africa Johannesburg,how long does your trading take,weeks,monthly,yearly…thank you

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