FXCM

FXCM is one of the pioneers in the field of online Forex and CFDs on stocks, commodities and indices. Broker FXCM was founded in 1999. The company's main goal was to provide global traders with access to the world's largest liquid market through innovative trading tools.

Since January 2015, Leucadia has become the main owner of FXCM. Leucadia National Corporation is a holding company that enjoys an impeccable reputation and invests in a wide variety of businesses, mainly financial services and investments.

The FXCM Group, headquartered in London, UK, offers dedicated customer support wherever they are located through a global network of offices located in Germany, Australia, France and Italy. In addition, through its many affiliated offices, the broker provides access to residents of Greece, Israel and South Africa and becomes a truly global broker.

FXCM Regulation

The companies that make up the FXCM Group are regulated by some of the world's strictest regulators.

FXCM LTD is authorized in the UK and regulated by the FCA. FCA regulations require a broker to comply with strict financial standards, including capital adequacy requirements, ensure investment transparency, and keep client funds safe while held in segregated accounts.

As for the global offices, each of which is a branch of Forex Capital Markets Limited, they are subject to the country's financial authorities and are licensed accordingly. Hence, FXCM Australia Pty. Limited is regulated by ASIC, FXCM Germany is partially regulated by BaFin, FXCM Italy is controlled by CONSOB and the broker in South Africa is authorized by the FSCA.

Leverage

FXCM has different leverage levels. New traders use 1:50 leverage by default, which can go up to 1: 200 on Forex and 1: 400 on CFDs for Australian clients in accordance with ASIC rules. International traders can also use 1: 400 leverage.

In other cases, due to regulatory restrictions in Europe, ESMA will apply up to 1:30 leverage for Forex products, 1:20 for non-major currency pairs, gold and major indices, 1:10 for commodities, except for gold, and 1: 2 for cryptocurrencies.

FXCM Trading Accounts

Thanks to the single account feature on FXCM, you can trade the entire range of trading instruments included in the offer. There is also an FXCM Active Trader account for large investors.

Trading instruments

An expanded set of market tools includes popular and exotic Forex currency pairs, indices, commodities, cryptocurrencies and spread betting (available to residents of the UK and Ireland).

Minimum deposit

FXCM offers a fast and convenient way to open an account and deposit funds. You can also open a free demo account first. And once you're ready, you can move on to live trading. A real account can be opened with a minimum deposit of just $ 50. However, for UK and EU traders, £ 300 will be required.

Trading platforms

For clients, whether new to trading or seasoned trader, FXCM offers many powerful platforms to help you achieve your trading goals.

There are several trading software options to choose from, including the Trading Station and Ninja Trader, which boast great innovation and functionality available for the web, computers and mobile devices.

You can also use the popular MetaTrader 4 platform, but with built-in and advanced FXCM features that include EAs, scalping, 0.01 lot size and a free VPS.

Conclusions

In general, FXCM is a good choice for all types of traders. You will definitely enjoy the attractive offers from the broker, along with the excellent technical execution and variety of trading instruments. Large traders will find low spreads and advanced trading platforms here, while beginners will find a minimum deposit, training materials, excellent support and tools from auto trading to copying services. All this combined with excellent regulation makes FXCM a reliable and attractive broker.

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