FXCM
3.5/5

FXCM

✔ User-friendy trading platform ✔ Advanced charting tools
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Forex Capital Markets, or better known as FXCM, is a retail broker for trading on the foreign exchange market.

Pros
  • Variety of trading platforms
  • Great research tools
  • Excellent educational materials
Cons
  • Quite high fees
  • A limited selection of assets
trustpilot
58 User Reviews
google
4,490 User Reviews
apple
29 User Reviews
TradingGuide
Our Rating
Total Rating:
4,577 User Reviews

FXCM is a great trading company that allows people to speculate in the foreign exchange market, and offers Contracts for Difference (CFD) trading on major indices and commodities, such as gold and crude oil.

FXCM can rightfully be considered a company with a high level of trust since they are regulated in several jurisdictions, including the Australian Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Our team of specialists in the financial market have conducted detailed testing and analysis of this broker. We have studied all the important aspects, of which you can read below.

FXCM – Who Are They?

FXCM was founded in 1999 and is a pioneer in online forex trading. Previously, their headquarters was in New York, until they later moved to London, UK.

FXCM is great for traders

Since leaving the US market in 2017, FXCM no longer accepts US clients. Today, FXCM is a subsidiary of Jefferies Financial Group Inc and remains one of Japan’s largest retail Forex brokerage firms.

FXCM offers a limited asset selection. The asset selection includes 39 currency pairs, 13 index CFDs, 9 commodity CFDs, and others. The CFDs total selection amount is 82, which makes CFDs the most significant asset class that FXCM offers. 

One of the broker’s main advantages is its wide selection of trading platforms, including Trading Station, MetaTrader 4 (MT4), TradingView, and NinjaTrader. The broker also has a demo account and a feature-rich mobile offering for forex traders. This allows every trader to be in touch with FXCM, no matter where they are.

Compare FXCM Features With Other Brokers

Compare with other broker
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
License
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
Demo account
Trading in the UK
Visit site Read Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
£300
Bank Wire Transfer, Credit cards, Neteller, Skrill
Free
Free
Free
No
Free
MetaTrader 4, NinjaTrader
FCA
Yes (up to £85,000)
+250
39
9
No
Yes

Compare brokers

See more brokers
Close

Our Opinion About FXCM

FXCM is great for traders with different trading skills. The broker is especially useful for beginners, as some of FXCM’s platforms offer various trading tools, including automated trading capabilities.

We also consider FXCM to be one of the safest brokers to trade with in the UK, as the broker is licensed and officially regulated by the FCA.

When it comes to forex and CFD trading, FXCM ranks first in several categories, including platform and tools, mobile trading, and ease of use. The broker has excellent and user-friendly trading platforms, with a simple interface and clean design.

Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

FXCM Details

Licences
TradingGuides Rating:
✔ User-friendy trading platform
✔ Advanced charting tools
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
5.0
Customer support
4.0
Commissions & Fees
4.0
Platform & Tools
4.0
Reasearch
4.3 Overall Rating

Leave a Reply

Your email address will not be published. Required fields are marked *

Popular Trading Brokers:
4.3 rating
✔ Outstanding research tools ✔ Fast and user-friendly account opening
4.0 rating
✔Over 2,100+ trading instruments ✔Fixed & variable spread accounts
Axi
3.8 rating
✔Low trading fees ✔Fully regulated and authorized
4.0 rating
✔Easy and fast account opening ✔Free deposit and withdrawal
4.3 rating
✔Low minimum deposit amount ✔Low commissions on CFDs