FXCM
FXCM is an online tool that deals in forex trading and exchange with the aim of making online trading easy and convenient for common people. You can start with a practice account that allows you to get familiar with forex trading without spending any money. With FXCM, you get access to a common platform with thousands of traders from several countries to trade with. The product works on MetaTrader 4 and other online trading platforms.
Top FXCM Alternatives
- XM.com
- Avatrade
- IQ Option
- OctaFX
- Roboforex
- SaxoBank
- XTB
- HotForex
- FxPro
- Alpari
- LiteForex
- Dukascopy
- Axitrader
- Forex.com
- xTrade
Top FXCM Alternatives and Overview
XM.com
XM.com is a brokerage tool offering online Forex trading services to clients all over the world.
Avatrade
Avatrade is an online broker providing services in foreign exchange (forex) and contract for difference (CFD).
IQ Option
IQ Option is among the most popular forex trading platform that is continuously evolving with the current market needs.
OctaFX
OctaFX is an online Forex trading and broker service with reach in over 100 countries.
Roboforex
Roboforex offers online forex trading services at the international Forex exchange market.
SaxoBank
SaxoBank is an online finance service that deals in global online trading and offers complete trade and investment solutions to its customers.
XTB
XTB works on a web based trading platform named, xStation that allows users to trade...
HotForex
Starting from an easy account to various trading software and tools make it easy for...
FxPro
The company mainly deals on the MetaTrader 4 and its own cTrader trading platforms...
Alpari
Starting from opening an account to making your first trade, Alpari educational course guides you...
LiteForex
The thing that makes it different from many other online trading applications is that it...
Dukascopy
With attractive low spreads starting from EUR/USD 0.2 pip, GBP/USD 0.5 pip, Dukascopy is a...
Axitrader
Security is the best aspect of Axitrader with all client funds deposited in secure trust...
Forex.com
Some of the benefits you get with your Forex.com membership include trade confidently, transparent, reliable...
xTrade
With a common xTrade account, users can access these services anywhere, anytime and make trades...
FXCM Review and Overview
FXCM is a reliable and renowned Financial Trading platform and a retail broker to trade in the FOREX market. FXCM started in 1999 in New York, and was one the pioneers in the e-trade for FOREX, and went by the name Shalish Capital Market. Since 2018, FXCM is the leading FOREX trading platform.
FXCM Trading
They carry out CFD trade, Spread Betting, Active traders, Professional Clients, and Institutions. There are several more trading platforms in FXCM. The leading trading platforms are trading stations, MetaTrader 4, NinjaTrader, ZuluTrade, and TradingView. Apart from these main five, FXCM has more trading platforms. The cost of spread in the CFD trades are quite low. It has leverage of 30:1 and 2:1. Users can use the interface to trade either FOREX, Indices, or any other commodities. CFD traders do not need even the stamp duties.
Spread Betting is useful for UK and Ireland users to reduce the asset-buying costs. Spread betting is tax-free, has better leverage, and flexible as per the market rise or fall. Active Trader is used for professional and advanced level traders. It has better-dedicated support, elite pricing, API trading, better trade ideas, market depth reach, and many custom solutions. Active traders get about 62.4% discounts over the entire value.
FXCM also offers Professional Client service. They can also work with higher leverages compared to standards set by FCA. It also offers risk warning against suspected bad investments. The criteria are that the financial portfolio must exceed $500k. FXCM Pro is the institutionalized arm. It provides prime brokerage services, centralized clearing, single NOP allocation, better wholesome trade, connectivity features, and Prime CFDs.
FXCM Market
The main areas for the trade market are Forex, Forex Baskets, Indices, Commodities, Crypto, and CyptoMajor. It also supports significant currencies like EUR, USD, gold trading, crude oil, and Bitcoin. The three main trading details are spread costs, leverage, margins, and execution. Apart from above, FXCM has 39 currency pairs, 14 CFDs, ten commodities, and 5 Cryptos. They have kept the leverage levels fixed in the trading. FXCM also uses Zulu Trade for social trading services. FXCM also offers a knowledge database, market insights, and client support along with all the trading support, thereby becoming a proper FOREX trading platform.
Company Information
Company Name: FXCM, Inc
Company Address: 55 Water Street, 50th Floor, New York, New York, USA
Founded in: 1999
Top Features
- Analytics
- Automated Trading
- Competitive Spreads