FXCM Reviews and Terms

Trading is commission-free, as all fees are already included. Moreover, 24/7 customer support will probably make this platform more popular. It is certainly not free and on the chart and graphs, commissions and swap fees are separated and it is so hard to see which one belongs to which.

Best Forex Broker Comparison Guide

First, it has a dedicated Trading Station where it provides access to MT4 with all its basic yet necessary trading indicators and charting tools. It has been around since 1999, meaning it’s one of the earliest trading platforms to be listed. FXCM Broker is one of the most trustworthy trading platforms in the world, as it’s overseen by top-tier regulatory bodies, including the FCA, ASIC, and CySEC.

Customer reviews

Also, users can benefit from integrated tools like TradingView and Capitalise.AI for more flexibility. However, some users still need the advanced charting tools and indicators provided by MetaTrader 5. FXCM supports MT4, with convenient trading and charting tools. These reports highlight slippage statistics and trade execution quality, further educating investors about changing market conditions. Forex Capital Markets publishes detailed monthly execution reports to improve users’ experience. However, this platform didn’t score high because customer support, including live chat, is only available 24/5 —from Monday to Friday.

Competitive Spreads for Active Traders

According to FXCM, Active Trader accounts receive discounts of up to 62.4%. Alternatively, mini account holders are not required to pay a commission but are subject to wider spreads that are still very competitive. So i advise you to choose only true STP/ECN brokers where conflict of interest will not exist. Nice, broker.Good spreads and execution. Mirror Trader feature will close at end of January, a bad news for active users of https://forex-review.net/fxcm-review/ this plataform.

Moreover, FXCM’s various trading platforms, including  Trading Station, provide several powerful, user-friendly options to satisfy any trader’s specific needs. These costs become even more competitive for traders who achieve Active Trader status and the additional savings it offers. Lastly, FXCM has its own app store which offers customers a wide range of tools and indicators that can be integrated with its trading platforms. This can be very useful for active traders who are often on the move. Experienced traders may opt to use MT4 due to their familiarity with the platform.

Plenty of Educational Resources

FXCM offers customers several powerful and innovative trading platforms. This means that traders don’t have to worry about placing an order at a different price than they expected. Demo accounts are a great way to become familiar with FXCM’s tools and resources. The average spreads for EUR/USD for Active Trader accounts from October 1, 2018, to December 31, 2018 was 0.2 pips with the average spread for GBP/USD during this period was 0.7 pips. Low-volume traders are sure to appreciate the low upfront commitment. From competitive commission rates and spreads to great customer service and accessibility, there is a lot to like about this forex broker.

Mobile Trading

• However, for a broker that has been around since 1999, it could work on its product offerings and high withdrawal fees.
• The end of near for many prop firms and this is the new era of prop firms.
• I love it, real people real traders and real bloody brokers for once!

These two account types offer many features to appeal to beginner and expert users. The process is fully digital and straightforward, even if it’s your first time trading. It monitors market data, indicators, and macroeconomics to grasp the best opportunities and respond at the right time.

Reviews

Overall, Trading Station provides a plethora of powerful charting tools to aid traders in easily implementing effective trading strategies. FXCM offers STP, or straight-through processing, execution, meaning traders can expect tighter spreads. FXCM also offers an Active Trader account for high-volume traders with deep pockets. FXCM is very accessible to all levels of trader as there is only a $50 minimum deposit to open a live trading account. Additionally, some traders feel that the product offering is limited compared to other established brokers. On the other hand, the Active Trader account is more suitable for experienced traders with a minimum deposit of $25,000.

Active Trade account users can access spreads as tight as 0.2 pips on the most common currency pairs. In general, FXCM spreads are considered competitive compared to other trading platforms. FXCM offers multiple trading platforms to appeal to different investors. However, standard account trades are eligible for higher fees.

What kind of support is this?

• Hence we have a minimum trading days of 2 per month.
• I want to share my experience with FXCM as well.Been trading with them for approx.
• This means that traders don’t have to worry about placing an order at a different price than they expected.
• Automated trading is a sleek experience with Capitalise.AI.

Next to that I am using a rebate service for the account, where delays caused by FXCM are happening almost every month.All in all I am thinking about switching my deposit to one of my other brokers, as there are better alternatives out there.Sorry, but especially for scalping not recommended. Hi Guys,any experience with this broker and autotrade? However, if you’re a trader who appreciates having a wide range of tradable assets and 24/7 customer support, this might not be the right broker for you.

What educational resources does FXCM provide?

At first I was hesitant so I always go for the smallest challenge plan, but I’m glad i took the risk and did it. If your still experiencing issues, I would suggest you reach out to your personal account manager through the dashboard and they will investigate this further. If your using high frequency trading then this could explain what you have been experiencing. Got triggered the stoploss, it is happening very often with Icmarkets. Yes we see you breached your loss limit and your account manager Rasheed did reply back to you from what I can see. Complained about my account breach the other day and no one has even replied yet?

Yet, some resources like live online classes and market signals might not be available to you, depending on your location. However, this broker charges an inactivity fee of $50 after one year of not using your account. Nevertheless, FXCM is the number one broker for many users as it operates in 43 exchanges in Asia, Africa, Europe, and the Americas. At the same time, social trading represents an accessible passive income opportunity for experts. Users can also benefit from ZuluTrade, the broker’s social trading feature.

Users can access the Essential, Plus, or Premium plans by topping off their accounts by $300, $1,000, or $5,000 respectively. You can use MT4 with its helpful trading indicators and charting tools for informed decisions. Thanks to the different trading market signals, you’ll have enough data to make informed decisions.

We champion verified reviews

Thanks for your review Stephen, we hope to see you on our traders leaderboard soon! ICMarkets funded accounts are for those who are serious about getting funded. Any issues feel free to email our live support at or our website for a live agent.

It’s always a good idea to evaluate a broker by analyzing actual users’ experiences. This can be a little inconvenient, depending on your time zone and the trading hours in your favorite market. Access to proprietary data and premium resources is a guaranteed way to help beginners gain more experience on the platform. The advantages don’t stop here, as it offers live classes, regularly updated to cope with the latest market trends.