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fxcm
FXSUCCESS RATING (4.5 OUT OF 5)
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FXCM REVIEWS

COMPANY INFORMATION ACCOUNT INFORMATION
Broker Name  Forex Capital Markets Ltd. Segregated Account Yes, for retail clients
Website www.fxcm.co.uk Islamic Account Yes
Headquartered In 55 Water St., 50th Floor, New York, NY 10041, USA Institutional Account Yes
Founded In 1999 VIP Service No
Regulating Authority
FCM, CFTC, RFED, NFA (US# 0308179), FCA (UK#217689),
FCSA, SFC (CE# AM232), ASIC( ARBN:121934432),
AFSL ( #309763)FSA/ACP, CONSOB, BaFIN
PAMM / MAM Account LAMM, PMAM, MAM
US Clients Accepted Yes Deposit Option Bank Transfer, Debit/Credit Card, ACH, Paper Check, Skrill
Broker Status Independent Broker Withdrawal Option Bank Transfer, Debit/Credit Card, SEPA, BAC
Broker Type STP TRADING TERMS
Telephone Number Toll Free: +1212 897 7660 Trading Platform
MT4, Trading Station ( Desktop, Mobile, iPhone, iPad, Android,
Blackberry, Web, Mac), Ninja Trader, Mirror Trader, ZuluTrade
Fax Number Toll Free: +1212 897 7669 Precision Pricing 5 Digits
Email Support [email protected] Type of Spread Variable
International Office
USA, UK, Germany, France, Greece, Italy, Hong Kong, Australia, Chile, Tei-AVIV, Mena, Canada
Commission
  • Yes – Standard account
Web Site Language Multi Lingual Scalping Yes
ACCOUNT INFORMATION Hedging Yes
Free Demo Account Yes Expert Advisors Yes
Min. Deposit $2000 Lowest spread EURUSD average 0.2 pips and USDJPY 0.3 ( Standard Account)
ECN Deposit $2000 Trading Instruments Metals, Oil, Gold, Silver, Indices, Stocks, Commodities, Forex, CFDs, Option
Account Currency USD, EURO, GBP One Click Execution Yes
Maximum Leverage 1400:1 OCO Orders Yes
Minimal Order Vol. 0.01 Managed Account Yes
TRADING TERMS Email Alerts Yes
Interest on Margin No Mobile Alerts Yes
OS Compatibility Microsoft Windows Trailing Stops Yes
Streaming News Feed Yes Mobile Trading Yes
Charting Package Yes Web Based Trading Yes
Trading Signal Yes CUSTOMER SUPPORT
Market Commentary Yes Customer Support Lang Multi Lingual
CUSTOMER SUPPORT Personal Account Manager Yes
Customer Service Hours 24/7 Email+Phone support Yes
Place Trades Over the Phone Yes Email Response time Within 24 hours
PROMOTION PROMOTION
No Deposit Bonus No Trading Tools Yes
Bonus for First Deposit No Other Promotion Yes
Free VPS Yes Close trade over the phone Yes
REAL TIME SPREAD MONITORING

CURRENT PROMOTION
  Trading Tools        

 

ABOUT FXCM

FXCM is one of the largest New York based FX dealers available to retail traders. As such, it is a well-known and trusted name in the Forex trading game. The company is even listed on the NYSE, assuring that it is going to be around for many years to come. The FXCM brand is trusted by both retail traders and professionals alike.

TRADING PLATFORMS

FXCM uses several different platforms. These include Trading Station II, FXCM Active Trader, Trading Station Gateway – a web based solution, as well as Mobile Trading Station II and the well-known MetaTrader4 platform.

platform

 

COMMISSION AND SPREADS

FXCM has floating spreads, and are known for the tightness that they will typically have. Spreads can be as low as one pip in the more liquid trading pairs such as the EUR/USD, USD/CHF, and the USD/JPY. There are no commissions.

spread

 

SWAP RATES AND ROLLOVER

Rollover is the interest paid or earned for holding a position overnight. Each currency has an interest rate associated with it, and because forex is traded in pairs, every trade involves not only two different currencies, but their two different interest rates.

Here is an example:

When you buy the EUR/USD pair, you are buying the euro, and selling the U.S. dollar to pay for it.

  • If the euro interest rate is 4.00%, and the U.S. rate is 2.25%, you are buying the currency with the higher interest rate, and you will earn rollover — about 1.75% on an annual basis.
  • If you sell the EUR/USD pair, you are selling the currency with the higher interest rate, and you will pay rollover — about 1.75% on an annual basis, since you are paying the euro interest rate and earning the U.S. interest rate.

One of the most popular forex strategies in the twenty first century has been the "Carry Trade". The "Carry Trade" takes advantage of both the differences in interest rates between countries and the high available leverage of the forex market.

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MARGIN & LEVERAGE

   
   
   

By default FXCM LLC offers a maximum of approximately 50:11 leverage (or 2% margin) on its forex trading accounts. Margin requirements (per 1K lot) at FXCM are determined by taking a percentage of the notional trade size plus a small cushion. A cushion is added to help alleviate daily/weekly fluctuations.

margin

PAYMENT METHOD

Bank Transfer, Debit/Credit Card, ACH, Paper Check, Skrill

WITHDRAW OPTION

Bank Transfer, Debit/Credit Card, ACH, Paper Check, Skrill

POSITIVE SIDE VS NEGATIVE SIDE

POSITIVE SIDE NEGATIVE SIDE
Very old and popular NFA regulated USA broker. During high volatile news time you may get low requotes, slippage, delay trade execution.
Different types of account so trader can select their best one. There is no deposit bonus.
Moderate spread. Very few deposit and withdraw option.
Segregated accounts, investor compensation fund, dealing with top tier banks that really very importat issue.  
Good trade execution.  
Multiple choice of Trading platform.  
Comprehensive customer support.  
   
   
   

 

CONCLUSION

Overall, apart from the minor hiccups above, FXCM is a reliable and credible broker. Many of the clients are long standing which proves that they are generally happy with the level of service provided by the company.

FXSUCCESS FULL REBATES SPECIFICATION

Click here to check full rebates specification

  CURRENCY PAIRS
CURRENCY PAIRS Up to 7 USD (0.7 Pips)

 

There are many forex cashback service company but why should you select FXSUCCESS as your partner?

Please try to find out your answer from AMAZING FXSUCCESS page.

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