FXCM Review 2024 (Expert Review)

FXCM Review Summary

As an international broker, FXCM is widely recognized as one of the best options for forex traders. They offer a comprehensive range of tradable assets without having to deposit a lot of money. To ensure the safety of your funds, FXCM offers a demo account and does not require a minimum deposit. They are also regulated internationally. The customer service offered by FXCM is outstanding. They offer 24/7 support in many languages. The company's content is of a high quality and the staff are responsive to your needs. In addition, FXCM offers free demo accounts and a comprehensive learning center. As an online broker, you can take advantage of their educational offerings and improve your trading skills.

FXCM review
FXCM Platform Features

FXCM main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Conduct Authority (FCA)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee Yes
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 300
๐Ÿ•– Time to open a FXCM account 1-3. *A FXCM demo account can be opened in a few minutes, but live FXCM trading account creation times will vary depending on how long it takes to process your FXCM KYC documents.
๐Ÿ’ณ Wire Transfer Yes
๐Ÿ‘› Depositing with electronic wallet Yes
๐Ÿ’ฑ Number of base currencies supported 7
๐ŸŽฎ Demo account provided No
๐Ÿ›๏ธ Financial Instruments offered Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds,

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FXCM Financial Regulation

FXCM is regulated by Financial Conduct Authority (FCA).

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FXCM Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using FXCM include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using FXCM can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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FXCM Advantages

One of the main advantages of using FXCM is around the clock service and support as well as research offerings. Not only this, but FXCM has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of FXCM with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with FXCM makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. FXCM offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • FXCM has been in business over 10 years.
  • FXCMoffers Islamic Accounts.
  • FXCM offers Hedging.
  • FXCM offers Scalping.

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FXCM Disadvantages

Although FXCM has a lot of good points FXCM does not offer the below.

FXCM Review Risk Warning: Losses can exceed deposits.

FXCM Review

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Things to understand when trading with FXCM

Online trading on trading platforms like FXCM have seen huge growth in the last 3 years. Trading with FXCM requires that you take the time to learn how financial markets work and are able to trade with FXCM using in depth technical analysis and FXCM risk management trading tools. Trading with FXCM involves risk. You should only risk capital with FXCM that you can afford to lose. Understand your risk tolerance with FXCM, and have a trading strategy that FXCM is able to help you execute. FXCM is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments FXCM give you access too.

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FXCM Trading Fees

Trading fees on FXCM are taken in the form of the spreads FXCM offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on FXCM. FXCM fees vary depending on the financial instruments traded and can include, FXCM overnight funding fees, spreads, margins and FXCM inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your FXCM account charged by your 3rd party payment provider if your FXCM base currency is different from your FXCM withdrawal method.

NameFXCMIC MarketsRoboforex
Account FeesNoNoNo
Withdrawal FeesNoNoYes
Deposit FeesNoNo
Inactivity FeeYesNoNo
riskwarningTry Now

Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

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FXCM Financial Instrument Fees

FXCM fees for Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, are listed below.

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FXCM Stock Trading Fees

The majority of FXCM trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A FXCM stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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FXCM Forex Fees

Commission on FXCM Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for FXCM Forex fees is based on their trade size. To calculate FXCM Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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FXCM Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. FXCM cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. FXCM cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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FXCM Non Trading Fees

FXCM non-trading fees include a variety of FXCM brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the FXCM trading platform. The most common non-trading fees include FXCM withdrawal fees, FXCM deposit fees and FXCM inactivity fees.

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FXCM Deposit Fees

FXCM does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, FXCM does not do this.

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FXCM Inactivity Fees

FXCM does charge clients an inactivity fees for dormant FXCM trading accounts. A FXCM inactivity fee is a sum charged on FXCM brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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FXCM Withdrawal Fees

FXCM does not charge withdrawal fees. Withdrawals fees vary between FXCM and FXCM alternatives depending on where you are located and how much money you are withdrawing.

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FXCM Account Fees

FXCM does not charge account fees. Account fees charged differ between FXCM and other brokers. An account is a fee that FXCM and other brokers assesses on all accounts for the ability to keep an account on their platform.

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FXCM Account Opening

The FXCM account registration process is simple, user-friendly, and quick. Within 1-3 most FXCM trading accounts are ready for live trades. Our FXCM account was validated in 1 day, but live FXCM trading account verification times will vary depending on the time it takes to process your KYC documents and FXCM trading account application. A FXCM demo account can be opened in a few minutes.

FXCM trading accounts are available in over 194 countries. FXCM is restricted in the following countries.

Apart from the restricted countries a FXCM trading account can be opened globally.

The FXCM trading platform is available for residents in US. Some financial instruments FXCM offer may be restricted in your country.

  • Fast FXCM account opening.
  • FXCM accounts can be opened and KYC can be verified digitally.
  • FXCM minimum deposit is 300 USD / GBP / EURO.
  • FXCM trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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FXCM Deposit And Withdrawal

FXCM Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, GBP, EUR, JPY, AUD, CAD, NZD are supported by FXCM as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

FXCM offers the following account USD, GBP, EUR, JPY, AUD, CAD, NZD.

When trading make sure your FXCM trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. FXCM has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameFXCMIC MarketsRoboforex
Number Of Currencies7104
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Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

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FXCM Deposit Fees and Deposit Methods

Investors can log in to their FXCM trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their FXCM trading accounts from an existing bank account or send the funds through a wire transfer or online check.

FXCM Deposit Fees

Making a deposit on your FXCM account is free.

FXCM Deposit Methods

There are several methods through which you can deposit money into your FXCM account. One can use a credit or debit card and FXCM accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your FXCM account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your FXCM account. Funding methods for FXCM include Bank Transfer, Cheque or Check, Debit cards, Payoneer,.

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FXCM Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your FXCM brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open FXCM positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your FXCM account.

NameFXCMIC MarketsRoboforex
Funding MethodsBank Transfer, Cheque or Check, Debit cards, Payoneer,Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Withdrawal FeeNoNoYes
Deposit FeeNoVariesNo
riskwarningTry Now

Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

FXCM Fees When Withdrawing Your Account Balance

FXCM do not charge withdrawal fees. Some withdrawal fees are out of the control of FXCM and may be due to 3rd party payment providers and your account base currency.

FXCM Withdrawal Methods

Log into your FXCM trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your FXCM account to your bank account. To withdraw money from your FXCM account you can use credit or debit cards. FXCM processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as FXCM processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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FXCM Trading Platforms

As there are a number of tradable financial instruments available on the FXCM trading platform. Before investing in the FXCM platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The FXCM platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. FXCM offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on FXCM is available. Another thing to consider is your financial goals. Make sure that a FXCM account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a FXCM account. Ensure that FXCM allows you to focus on the type of trading that you want to focus on.

Make sure FXCM is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using FXCM, think about how easy it is to use for your personal needs. Does the FXCM platform offer real-time updates or delayed updates that are more informed? Remember to check if FXCM is well regulated, and what tradeable financial instruments FXCM has. Security is very important when it comes to trading with FXCM.

FXCM Web Trading Platform

A FXCM web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through FXCM which acts as a financial intermediary. FXCM is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the FXCM mobile trading platform.

FXCM Apple IOS Trading Platform

A FXCM iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

FXCM Google Play Android Trading Platform

A FXCM Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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FXCM Mobile Trading User Experience

FXCM mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. FXCM mobile trading refers to trading using a mobile phone.

Leading brokerages like FXCM offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire FXCM portfolio. All an investor needs is a Web-enabled smartphone and a trading account with FXCM. Once you have download the FXCM trading app, you are ready to begin.

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FXCM Desktop Computer Trading Platform

A FXCM computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The FXCM desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The FXCM desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

FXCM MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

FXCM PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using FXCM. A trading computer with access to a FXCM PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

FXCM Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the FXCM trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the FXCM trading platform is very user friendly on a Mac device.

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FXCM Trading Look And Feel

The FXCM user interface (UI) is what FXCM traders will see and interact with first when trading with the FXCM trading platform. The FXCM is well designed. The goal of the FXCM trading UI is to make the FXCM user's experience intuitive. The FXCM application has good user experience and a good level of customer satisfaction.

FXCM Security

FXCM is a secure trading platform. FXCM offers traders security via 2 factor authentication, SSL encription when trading with FXCM. FXCM trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with FXCM. Rate limitation on FXCM suspicious account activities is another layer of protection that is provided for FXCM trading accounts, for example multiple failed login attempts with FXCM. You have the option to further safeguard your account by using FXCM Two-Factor Authentication (2FA), which provides an extra layer of security.

The FXCM trading infrastructure is constantly watched and guarded by a trained team at FXCM In addition, FXCM never send sensitive information without first encrypting on the FXCM trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On FXCM

Available FXCM order types. # market, limit, stop, stop limit, Good until end of day / canceled.

FXCM Market Order

A FXCM market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. FXCM market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. FXCM market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

FXCM Limit Order

A FXCM limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

FXCM Stop Order

A FXCM stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

FXCM Stop Limit Order

A FXCM stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The FXCM stop-limit order triggers a limit order when a stock price hits the stop level. A FXCM stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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FXCM Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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FXCM Trading Platform Features

Online trading platforms like FXCM are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with FXCM. The FXCM trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using FXCM.

FXCM Margin Trading

FXCM margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, FXCM margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

FXCM Social Trading

FXCM social trading is a form of social trading that enables FXCM traders or investors to copy and execute the strategies of their peers or more experienced traders on the FXCM platform. Social trading on FXCM allows you to communicate with other FXCM investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential FXCM investment opportunities with traders on the FXCM platform.

FXCM Copy Trading

Copy trading with FXCM allows users to copy trades executed by other FXCM investors in the financial markets. The goal of copy trading is for a FXCM trader to have the same positions as the FXCM investor they are copying. When copying another FXCM trader, you do not receive the plan of the traders FXCM strategy, but simply follow their trades they execute on FXCM. FXCM copy trading is one way to automate your investment strategy. Copy trading trades on FXCM must still be monitored and copy trading on FXCM still has risk of trading loss.

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FXCM Account Types

FXCM Demo Account

FXCM offers demo accounts that gives traders the ability to purchase and sell FXCM financial instruments in a practice environment, using fake FXCM digital money and live market conditions and data. When you practise on a FXCM demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the FXCM platform. FXCM demo accounts allow you to experience and practice a variety of market charts, FXCM trading indicators, and trading strategies using FXCM.

FXCM Standard Account

FXCM offers a standard trading account, allowing FXCM traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich FXCM trading platform.

FXCM STP Account

FXCM STP (Straight Through Processing) account is a FXCM trading feature that involves sending FXCM client orders directly to the market without passing them through a dealing desk. A FXCM STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

FXCM Islamic Accounts

FXCM islamic accounts respect Islamic finance law. FXCM swap free accounts do not accumilate interest and FXCM transactions are actioned immediately. A FXCM Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using FXCM following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with FXCM Islamic accounts do not pay or receive interest rates.

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FXCM Tradable Financial Instruments

FXCM tradable financial instruments are the financial instruments that are specifically available to trade on the FXCM trading platform. This refers to the different types of financial markets you can trade with through FXCM. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on FXCM.

NameFXCMIC MarketsRoboforex
CFD TradingYesYes
Stock MarketsNo210053
Fractional SharesNoYes
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FXCM review
FXCM Trading Stocks

Stock trading with FXCM is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with FXCM; if you possess the stock on FXCM, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on FXCM involves purchasing and selling stocks and share using FXCM periodically in order to time trades against the stock markets, with the aim of using FXCM to profit from your stock trading. FXCM stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on FXCM. Stock traders on FXCM conduct significant study, frequently dedicating several hours every day to market monitoring using FXCM trading tools.

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FXCM Trading ETFs

What Are ETFs

FXCM does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

FXCM does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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FXCM Trading Cryptocurrencies

FXCM does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by FXCM, so you will need to find a FXCM alternative that allows you to buy and sell the underlying cryptocurrency assets. FXCM CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a FXCM alternative and make sure you undertand the risks fully before trading.

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FXCM Forex Trading

Forex trading with FXCM is a method through which to invest money which involves trading one currency for another in a Forex currency pair with FXCM. The main aim of FXCM Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with FXCM. As a FXCM Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like FXCM. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like FXCM. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on FXCM.

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FXCM Commodities Trading

Commodity trading is a type of trading available on FXCM where individuals or businesses buy and sell financial instruments using FXCM related to commodities, such as metals or oil.

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FXCM Options Trading

FXCM options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. FXCM option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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FXCM Futures Trading

Futures trading with FXCM is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using FXCM to facilitate the trade. A FXCM futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on FXCM. Typically, futures contracts are traded on an exchange such as FXCM; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling FXCM trader to the contract agrees to provide it.

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FXCM Bonds Trading

Bonds trading on FXCM is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the FXCM trader. Bonds can be bought and sold on FXCM after they are issued. While some bonds are traded publicly through FXCM, most trade over-the-counter between large broker-dealers like FXCM acting on their clients' or their own behalf. Yield is therefore based on the FXCM purchase price of the bond as well as the coupon.

FXCM CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameFXCMIC MarketsRoboforex
Forex CFD506135
Index CFD162530
Stock CFD481108400
Commodity CFD102020
Crypto CFDNoYesNo
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FXCM review
FXCM Trading Research Tools

Taking advantage of FXCM trading research tools which are designed to help traders analyse potential investments using the FXCM trading platform. Some FXCM research tools include charts, technical analysis, and FXCM trading indicators.

FXCM Trading News

Traders can follow the markets and make wise investment decisions on FXCM by using the news to help form a strategy when it comes to choosing investments. A FXCM news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

FXCM Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A FXCM economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

FXCM Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. FXCM fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

FXCM Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on FXCM are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

FXCM portfolios

Trading portfolios are useful when trading with FXCM.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A FXCM trading portfolio is a traders collection of investments, which may include a variety of FXCM financial instruments.

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FXCM Payment Methods

A FXCM payment method is required to fund your FXCM trading account before placing a buy or sell order on a financial instrument.

When trading with FXCM, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that FXCM do not have any control over.

NameFXCMIC MarketsRoboforex
Payment MethodsCredit Card, Debit Card, POLiBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Losses can exceed deposits

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FXCM Withdrawl Methods

When trading with FXCM at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your FXCM account balance. FXCM may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your FXCM account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

FXCM Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your FXCM account.

Withdrawal requests can take up to three business days to be processed by FXCM.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your FXCM should arrive in less than 24 hours.

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FXCM Customer Support

Customer support represents the resources within the FXCM company that provides technical assistance to its customers after they use the FXCM service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

FXCM offer email, livechat, phone, customer support.

FXCM Email Support

FXCM offers email support.

Email support is a a convenient method of FXCM customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from FXCM regarding your support request.

FXCM Livechat Support

FXCM offers livechat support.

FXCM live chat support is a way for customers to obtain help from FXCM through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

FXCM Telephone Support

FXCM offers telephone support.

FXCM telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the FXCM call centre to give or take information.

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FXCM Educational Resources

FXCM educational resources are used throughout the FXCM learning environment to help and assist with customer's development and learning of trading on FXCM. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using FXCM trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

FXCM Trading Platform Tutorials

FXCM offer a range of learning resources and tutorials and guides made available to registered FXCM users. The FXCM guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate FXCM users on basic trading principles.

FXCM Trading Videos

FXCM offer a selection of online trading videos.

Trading videos on FXCM help new and even more experienced investors gain insights into FXCM technical analysis tools and how the different financial markets work when trading on FXCM.

FXCM trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some FXCM training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using FXCM to trade live financial markets.

FXCM Webinars

FXCM offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of FXCM clients who participate by asking questions, replying to polls, and using other interactive technologies available on the FXCM trading platform.

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FXCM Financial Regulation When Trading

Financial regulations on FXCM protect consumers' investments. Regulations prevent financial fraud and limit the risks that FXCM as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. FXCM financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is FXCM Regulated?

FXCM is regulated by Financial Conduct Authority (FCA).

FXCM is licensed by financial regulators in certain jurisdictions. You can find out if brokers like FXCM are licensed in your country, if they have had run-ins with regulators, or received serious complaints from FXCM investors, directly with financial regulators in your country.

FXCM Regulatory Protection Limits

When registering with FXCM you must check with regulatory body your FXCM trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your FXCM account is over seen by. FXCM client funds are stored in segregated 3rd party bank account in accordance with FXCM financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

FXCM Trading Signals

FXCM offers trading signals to FXCM clients.

FXCM trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A FXCM trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the FXCM trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does FXCM make money?

Because FXCM acts as an intermediary, FXCM gets compensated on buy and sell transactions of financial instruments. As a result, FXCM profit is determined by the volume and number of transactions. FXCM earns revenue to fund their FXCM platforms and wide range of trading services through market spreads.

Can you buy shares on FXCM?

FXCM does not provide customers with real company shares trading.

Does FXCM offer Cryptocurrency?

FXCM does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

FXCM Lower fees, lower costs?

FXCM have reasonable trading fees and costs. FXCM may charge a deposit fee. FXCM may charge a withdrawal fee. Some withdrawal fees are out of the control of FXCM and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

FXCM minimum deposit is 300 USD / GBP / EUR.

How to start your FXCM account?

You can sign up for a live or demo FXCM trading account by visiting FXCM and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an FXCM account here.

How's the FXCM trading app?

FXCM allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the FXCM trading app here. Losses can exceed deposits

Is the quality of FXCM customer service satisfactory?

FXCM have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

FXCM is a good trading platform for new traders as FXCM offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from FXCM?

FXCM offer a good selection of withdrawal options. Once FXCM have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best FXCM Alternatives Reviews

If FXCM isnt quite what you are looking for you can check out some of the best FXCM alternatives below.

Best FXCM Alternatives In Detail

If you would like to see FXCM compared agains some of the best FXCM alternatives available right now you can do so by clicking on the links below.

Check out RoboForex โ€“ Professional services on Forex market

Ashly Chole - Senior Finance & Technology Editor

FXCM Review 2024 (Expert Review) guide updated 21/05/24