FXCM Introduction

FXCM is a pioneer provider focusing on online trading, forex trading, CFDs, equities, commodities, indices and spread trading (only for UK and Irish residents)。Founded in 1999, the company is committed to providing global traders with access to the world's largest liquid markets through innovative trading tools and supporting outstanding trading educators.。As a company that strictly abides by financial standards, FXCM provides high-quality trading services to its clients, as well as financial education and investment advisory services.。

Leucadia has been known as the main economic owner of FXCM since its development in January 2015。Leucadia is an international holding company with a strong reputation for investing primarily in financial services and investments, as well as various other businesses.。Through its partnership with Leucadia, FXCM has gained access to additional capital and resources, further expanding its presence in the foreign exchange and CFD trading markets.。FXCM is highly recognized and trusted by traders and investors worldwide and is considered one of the leaders in the Forex and CFD trading market.。

Advantages and disadvantages of FXCM

Founded in the UK, FXCM is a globally renowned brand and reliable broker。FXCM offers one of the best trading platforms, single account balanced trading, low spreads, and professional education and research materials。

On the other hand, bank wire transfers in some areas charge a withdrawal fee and do not have 24 / 7 support.。

Where is FXCM Headquarters??

FXCM Group is headquartered in London, UK and offers dedicated customer support services to customers around the world through global offices in Germany, Australia, France and Italy。In addition, through various subsidiary offices, the broker provides access to residents of Greece, Israel and South Africa, thus becoming a truly global broker。

FXCM is committed to providing the best trading experience, so it has developed intuitive platform options, including award-winning trading platforms and a variety of practical trading experiences, such as a variety of automated trading strategies and applications。

Headquarters	United Kingdom
监管	FCA, ASIC, FSCA
Platform	MT4, Trading Station, Zulutrade, TradingView, Ninja Trader
Tools	UK and Irish residents can trade forex, indices, commodities, cryptocurrencies and spreads
EUR / USD spread	1.3 points
Demo Account	Available
Minimum deposit	UK and EU customers $50 and £300
base currency	USD USD, GBP Pound Sterling, EUR
Education	Professional free educational and research resources
Customer Support	24/5

FXCM Regulatory

FXCM Limited, as the UK headquarters, is authorised and regulated by the Financial Conduct Authority (FCA)。Under the FCA, brokers must comply with strict financial standards, including capital adequacy standards, transparency in business practices, and protection of client funds in separate accounts.。

Each of the offices around the world is a branch of FXCM Limited, following the national financial authorities and licensed accordingly。

FXCM Entity	Regulation and Licensing
FXCM Limited	Authorized by the FCA (UK) Registration Number: 217689
FXCM Australia	Authorized by ASIC (Australia) Registration number: AFSL 309763 ACN：121934432
FXCM South Africa	Authorized by FSCA (South Africa) Registration number: FSP 46534

FXCM Leverage

FXCM allows leveraged trading of forex and CFDs, a tool that offers advantages even in the smallest market fluctuations。In short, leverage is the amount of credit that a broker provides to your trading account in order to multiply the size of your position trades。

In fact, leverage can significantly increase your potential gains, but it can also increase your losses, so you must use it carefully and don't choose high leverage at will, but define the appropriate size for each instrument。

In FXCM, different levels of leverage depend on the trader's account funds, as well as the regulatory status that a particular resident or account may fall into。New traders use 50: 1 leverage by default, with Forex CFDs up to 200: 1 and 400: 1, but for Australian residents or account holders under ASIC supervision, respectively。

1: 400 for Australian customers; 1: 30 for UK and European customers; 1: 400 for South Africa

Otherwise, due to ESMA's regulatory restrictions in Europe, foreign exchange products will apply up to a level of 30: 1, 20: 1 for non-major currency pairs, gold and major indices, 10: 1 for commodities other than gold, and 2: 1 for non-major equity indices and cryptocurrencies.。

FXCM Account

FXCM has a single account where you can trade all the range of trading instruments included in the product。You can quickly open a live account, before that you can log in to the demo account and start trading after confirming the compliance of your residence and application。

FXCM offers a fairly rich selection for beginners, as well as welcome bonuses that can be used for certain entities under certain conditions, which you can check on the current website。

However, through FXCM's Active Trader account designed for bulk investors, active traders can benefit from quality service and customized solutions, as well as discounted pricing of spread costs based on your trading volume。

FXCM Expenses

For all FXCM account types, you only need to pay floating spreads to trade indices and commodities, while enhanced index CFDs allow you to trade without stop and limit limits or re-quotes。See the average spread cost of CFDs and other charges below.。For accurate data, please check the official FXCM website or platform。

费用	FXCM	FXTM	XM
Deposit Fee	None	None	None
Withdrawal Fee	有有	None	None
Inactive expenses	有有	有有	有有
How much does it cost	Low	中	高

FXCM Spread

The cost of FXCM is lower than that of competitors, and the spread of some tools is lower, but please note that the spread is variable and may be delayed。In addition, if you follow a swing or long-term trading strategy, always include an overnight fee or swap in the transaction fee。Active traders will receive discounted prices。

What instruments can you trade on FXCM？

The range of advanced market instruments offered by FXCM includes popular markets and exotic currency pairs, as well as forex, indices, commodities, cryptocurrencies and spread trading for UK and Irish residents.。

FXCM Deposits and Withdrawals

FXCM's account opening method is very convenient, you can set up a free practice account, test and experience the benefits of the account。

Deposit method

After determining the account type, you can make a deposit in order to start real-time trading。FXCM offers a range of funds options in terms of fast processing and secure transactions, including credit and debit cards, electronic transfers and bank wire transfers, electronic payments via Skrill。

Minimum deposit

FXCM minimum deposit of $50。But this is based on FXCM's entity definition, with UK and EU customers needing £300 at the start.。

Withdrawal

In addition, you can use the same payment method when withdrawing funds。There is no charge for withdrawals by credit or debit card, but there will be a $40 withdrawal fee for international bank wire transfer requests。

Withdrawal time

From the moment the withdrawal request is submitted and confirmed, the accounting department will usually process and confirm the withdrawal within 2 working days。However, your payment provider also takes time to process transactions。

How to withdraw money？

If you wish to withdraw funds from your account, you should submit an online request and follow the required procedures。For your convenience, you just need to follow these steps:

Log in to your account and go to the withdrawal page - select the withdrawal method, amount and click "Withdrawal" - complete the withdrawal application - confirm and submit

FXCM Trading Platform

Whether new to trading or experienced participants, FXCM provides a variety of powerful software trading platforms to help them achieve their trading goals.。

FXCM software suite includes unique market access, multiple order types, advanced charts enhanced with powerful utilization tools and FXCM's unique real-world volume indicators, automated trading strategies with testing and optimization capabilities, and more。

Web Platform

With few trading software options to choose from, FXCM's award-winning proprietary platforms Trading Station and Ninja Trader are available on the web, desktop and mobile to deliver high quality and highly innovative work。

Web Platfrom is more suitable for regular traders because the web version is usually less comprehensive in terms of analysis tools, drawing functions and other advanced functions, which stems from the fact that the platform is completely online-based and accessible through any browser。

Desktop Platform

Therefore, the desktop platform is also suitable for all quotes, and Trading Station is usually the first choice for active traders, but regardless of experience, it has a clear market vision and a friendly interface。

You can still use the famous MetaTrader 4 and use the integration and development features of FXCM, including EA, Scalping and 0.01 lot size and free VPS enhancement, but average trading volume is within 500,000。

Mobile Platform

In addition to the core platform, the broker offers a professional FXCM application with integrated online marketplaces where you can customize your trading experience, as well as additional applications for news, trends and range traders, applications for new trading features and smooth trading processes, EA and automation, indicators, scripts, standalone applications and more。

Automated trading

Novice traders face many challenges, but losses due to sentiment-based trading are a major obstacle to success。To overcome these obstacles, FXCM supports automated trading capabilities through the market-leading ZuluTrade and NinjaTrader platforms.。

FXCM Customer Support

FXCM is customer-oriented, complemented by good trading advice and customer service through a variety of means, including live web chat, phone calls, email and dedicated lines for the Africa region (FXCM has a special focus on Africa)。These lines include South Africa, Kenya, Nigeria and other areas, and are also available on weekdays。

As a result, FXCM has received positive and high ratings from customers for its good trading conditions and support.。

FXCM Education

Since its expansion, FXCM has regularly held educational events in various cities around the world, with a focus on the African region.。FXCM understands the need for quality education, and learning materials and knowledge are key to potential success。

So with FXCM you can find a wealth of educational materials including ongoing courses, webinars, seminars, platform tutorials, trading tools, research tools, top-notch glossaries, forex news, economic calendars, market outlook and analyst analysis。

Free research, insights, strategy outlook, and well-designed FXCM tools such as FXCM Plus, market scanners, and technical-level trading signals are all within your grasp。In addition, all can watch live online classes for free, creating a great opportunity for individuals interested in trading and providing the right start。

SUMMARY

Overall, FXCM provides customers with a reliable and secure trading environment。Active or large traders can enjoy trading through various user-friendly interfaces, good and competitive spreads or products with advanced technology。

If you are a novice trader, FXCM is a great choice because you don't need a large deposit to start trading, an account manager is always on hand, and unique educational technology and a variety of tools to choose from - from automated trading to a variety of composite indicators。