No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page.. These minimum amounts apply to all regions and payment channels for both brokers. There will be no account maintenance fees and deposit fees at both brokers. When it comes to withdrawal options, FXCM will not charge any withdrawal fees for Debit/Credit Cards and E-wallets. However, it will apply a fee of up to $40 for withdrawals via bank wire transfer. The fees will depend on the base account currency and the location of the target bank account.
Investment Types at FXCM
Experienced traders who think FXCM has sufficient instruments will find no shortage of tools to help them with analysis and charting. FXCM maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Social traders may connect to ZuluTrade, and FXCM offers services by TradingView Pro free of charge for one year to all new clients.
Other trading platforms
That way, users can specify what they are interested in, and receive news accordingly. FXCM’s daily newsletter, Before the Bell, provides helpful info and daily trading ideas based on the market analysis of fxcm broker FXCM’s experts. Trading Station desktop (not to be confused with TradeStation) is FXCM’s main platform. It provides a good trading experience for all kinds of investors, be it beginners or advanced traders.
Research & Education
It includes live streaming prices and historical prices for live trades. It is scalable, light and robust and is compatible on any Java-compliant operating system. FXCM does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads. FXCM offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call FXCM, there are 42 country-based numbers one can call from.
The Trustpilot Experience
Between 74% and 89% of retail investor accounts lose money when trading CFDs. Since FXCM houses a prime brokerage unit, research and education are available for all clients. Besides an incredibly detailed economic calendar and third-party market news, FXCM Plus provides traders with exclusive trading signals free of charge for all live account holders. The Market Scanner allows traders to select a series of technical indicators and returns buy and sell recommendations based on the input. FXCM also added services by FinTech firm eFXplus, featuring simulation and Forex trading recommendations by sell-side analysts from major banks, Quant models, and insights.
I would always prefer to use a regulated broker as it gives me the peace of mind that they will operate in an honest and transparent manner. I am pleased to see that FXCM is regulated in multiple jurisdictions which means that I wouldn’t https://forexhero.info/ have any problems using them for my day trading activities. FXCM has offices, partners, and affiliates in the major financial centres of the world, uniquely positioning FXCM to provide exceptional service to traders around the world.
- 66% of retail investor accounts lose money when trading CFDs with this provider.
- In doing so, we often feature products or services from our partners.
- We use proprietary AI technology to assist in some aspects of our content production.
- This helps demonstrate that the broker is always working hard to stay at the top of the sector.
- We aim to help you find the best broker according to your own needs.
The broker’s multilingual phone service and the live chat feature on its website are available 24 hours a day, 5 days a week. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. FXCM list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. FXCM to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.
FXCM doesn’t offer fixed spreads, so traders need to visit FXCM.com to get up-to-date information on the current average spreads. FXCM also allows traders in the UK and Ireland tax-free, leveraged spread bets on the currency pairs. Thanks to the global presence of the broker, they also have in excess of 20 numbers you can call from around the world to access customer service. Besides telephone, you can also contact FXCM customer service through the website-based live chat, and email. Here we will take a more detailed look at exactly which trading platforms are available when you are trading at FXCM on both desktop and mobile. Depositing with the broker is typically instant in most cases depending on the method you use.
I think MT4 is an excellent choice of platform for anyone who wants to develop their own trading strategies for both manual and automated trading. It is very easy to use with a fully customisable user interface that makes trading online a breeze. Keep in mind, when you trade on FXCM’s MT4 platform, the execution, trading features, and settings may vary from that of the flagship Trading Station platform.
