FXCM – Forex Broker Rating and Review 2020

FXCMForex Capital Markets, LLC website
Status
Regulation FCA, ASIC, SFC, CONSOB, BaFin, ACP
Trading software FXCM Trading Station Desktop/Web/Mobile, FXCM Active Trader, MetaTrader4, NinjaTrader, ZuluTrade
Headquartered Forex Capital Markets Ltd. 20 Gresham Street, 4th Floor, London EC2V 7JE

The FXCM group of companies (FXCM Group) is a leading provider of online foreign exchange (forex) trading, CFD trading, spread betting and related services workin since 1999. FXCM is regulated by FCA, ASIC, SFC, CONSOB, BaFin and ACP. The company offers trading Indices, Commodities, Treasury, Forex on FXCM Trading Station Desktop/Web/Mobile, FXCM Active Trader, MetaTrader4, NinjaTrader, ZuluTrade platforms.

FXCM is committed to offering a diverse suite of innovative trading tools, market news, and education to the trading community. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Broker Capital Markets Limited is also a provider of CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform.

FXCM broker was established in 1999. The company’s operation is licensed and regulated by the following major financial regulators: FCA in the United Kingdom, ASIC in Australia, SFC in Hong Kong, CONSOB in Italy Autorité de Contrôle Prudentiel (ACP) in France and authorized in Germany by the Bundesanstalt für Finanzdienstleistungsaufsicht. The broker offers forex trading on a wide range of trading platforms such as FXCM Trading Station Desktop, FXCM Trading Station Mobile, FXCM Active Trader, FXCM web trading station and MetaTrader4 trading station. The minimum deposit is £300 (only applicable to FXCM LTD clients) for a standard account with maximum leverage 30:1 (only applicable to FXCM LTD retail clients), and pip spread on majors approximately ranging from 1.3 to 1.5.

FXCM provides traders with access to numerous services, such as trading analytics, API trading, FXCM Apps and programming services.

For the novice traders FXCM offers education to the trading community via trading tutorials, webinars and much more. The broker’s multilingual client support team works on 24/7, five days a week basis and is always ready to solve any customer’s problem fast and effectively. The funds depositing and profit withdrawal are possible through multiple payment systems and are fulfilled in no time.

On the Forex Capital Markets’ profile page at our site you can read FXCM reviews by other traders as well as write your personal FXCM review of your personal experience with the broker in our broker rating. To add a review you need to login to the site.

FXCM trading information

WWW http://www.fxcm.com/
Address Forex Capital Markets Ltd. Gresham Street, 4th Floor, London EC2V 7JE
Headquarters London
Free phone +44 (0) 207 903 6192
24 hour support
Partnership programs
Expert advisors
Free education
Sponsorship contests, competitions
Mobile trading
Automated trading
Demo account
Swaps
24 hour trading
Commissions
Digits after the dot in quotes 5
Minimum position size 1k minimum lot size
Pip spread on majors 1.3-1.5
Spread Type variable
Maximum Leverage 30
ECN, $
STP, $
Standard account, $ 300
Mini account, $ N/A
Popular payment methods Debit/Credit Card, Paper Cheque, EFT & Bank Wire (electronic funds transfer), Skrill
Account currencies EUR, USD, GBP, AUD, CHF, JPY, CAD
Available assets Indices, Commodities, Treasury, Forex
Languages English, Spanish, French, German, Arabic, Chinese, Italian, Greek
Platforms FXCM Trading Station Desktop/Web/Mobile, FXCM Active Trader, MetaTrader4, NinjaTrader, ZuluTrade
Broker type Broker
Regulation FCA, ASIC, SFC, CONSOB, BaFin, ACP
Foundation 1999
Copy Trading Brokers

I have been trading with a FXCM broker for about 3 years. I haven't seen any problems with this broker all the time, but I trade in the medium term from a week to a month and hold a position. Then either I withdraw the profit or again I open new orders. I use the services of this broker, because of high-quality execution of orders and a good story for analytics.

Gerry   23 July, 2019  

Predicting the market price movement is less difficult. Thanks to their staff, I can consider better when it comes to enter a trade. Even those are their prediction, but it is much helpful than just to trade by ourselves.

Antony   28 February, 2019  

Have been trading with FXCM for several months by now. All in all I'm quite satisfied. I don't get huge profits so far, but I'm still learning the industry.

Serge   9 October, 2018  

It's definitely that broker I want to stay with in a long run. Company survived after swiss franc super extreme volatility last year caused by unexpected policy of Swiss National Bank. The number of FX brokers reported huge losses and bankruptcies but not this one. FXCM survived and keep on working till now. So it is a very good sign of stable company. In case when you have profitable strategy and generate positive returns, this broker is number one I would recommend.

Steve   6 October, 2018  

I am trading in forex with FXCM. It offers the particular conditions for active trader. I enjoy this special account! Here I get help from a manager trained in a special way, who provides an individual support presenting the products and tools of the broker, recommending techniques. Moreover he promises to promote my withdrawals and all processing connected with it. Real-time feedback from experts is available here. I can count on privileges as to commissions, which make almost 55 % less compared to the standard amount. Satisfied!

Christos   2 October, 2018  

The FXCM demo account is one of the best things about this broker. I've had lots of fun using it. I didn't make any money of course but it's been a blast.

Edna   12 July, 2018  

It's well known company and has a huge amount of credibility. Don't read this bullshit about frauds and money withdrawal delays. Never ever within my experience I had problems with delays, off quotes or transferring money to my paypal or bank account. Just think how many people complain on bad service but lost money only because of their greed and fear? Broker works perfectly, trading platform is one of the best you can find among others and it is regulated

derek_one   15 June, 2018  

Do your research! FXCM US and UK divisions have a long history of fines by multiple financial authorities and actions for fraud. They only survived the Swiss Franc margin call due to a massive hand out. Don't say you havn't been warned.

Mr Charisma   4 February, 2019

FXCM has good trading conditions and always was a reliable broker. But now their reputation is more and more crushing down. A lot of problems with a platform and SL hunting made me change this broker to another one. Fortunately, I found really good ECN broker and now my trading are on the next level. If you are looking for a broker that you can trust with your money, I am ready to help.

Vovk   9 June, 2018  

What Broker are you using and which one can we trust?

Alton   21 June, 2019

Would you please let me know the next good broker, you mentioned. I have not traded with FXCM or anybody else but would love to know the best and fair one.

Abdul Qadir   26 December, 2019

Very disappointed of FXCM after regulators revealed some sort of scam with liquidity providers made by broker. You can find information on internet about this fraud. Mostly all liquidity providers had no access to interbank liquidity. Thus, fxcm has provided fake information. FXCM had a share and mutual interest using such a bad practice. No Tier-1 liquidity providers were found at all. Since that, all US customers were transferred to forex.com. I don't know if there is some way to work with new company... However, fxcm is not that good firm as it was for so many years. This is fact!

AllisWong   20 March, 2017  

I agree that this Forex trading platform is easy to understand and its customer support is helful. So, if you know how political and economic events in different countries affect the price of the currency and your trading opportunities, you can count on success within this broker. It offers the large leverage level so if there is no amount needed to trade I still can deal. This broker offers really good trading conditions. There are no stop and limit restrictions on popular indices here so I can take advantage of market volatility.

IndieKid   3 June, 2016  

All Reviews & Comments
FXCM Rating and Review

FXCM Rating

87 %   13 %


FXCM Reviews Rating

Reviews Rating FXCM - 5

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