Forex Capital Markets, or better known as FXCM, is a retail broker for trading on the foreign exchange market.
- Variety of trading platforms
- Great research tools
- Excellent educational materials
- Quite high fees
- A limited selection of assets
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.
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
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.