By: FXCM, Inc

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.

From: USA
Based on 2 Votes
Top FXCM Alternatives
  • IQ Option
  • Plus500
  • Avatrade
  • OctaFX
  • Roboforex
  • SaxoBank
  • XTB
  • HotForex
  • FxPro
  • Alpari
  • LiteForex
  • Dukascopy
  • Axitrader
  • Forex.com
  • xTrade
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Top FXCM Alternatives and Overview


IQ Option

IQ Option is among the most popular forex trading platform that is continuously evolving with the current market needs.

By: QOPTION LTD From St. Vincent and the Grenadines


Plus500 is an online trading software available for Windows that allows users to trade online right from their Personal computers.

By: Plus500UK Ltd. From UK


Avatrade is an online broker providing services in foreign exchange (forex) and contract for difference (CFD).

By: Ava Trade Ltd. From Ireland


OctaFX is an online Forex trading and broker service with reach in over 100 countries.

By: OctaFX UK Limited From UK


Roboforex offers online forex trading services at the international Forex exchange market.

By: RoboForex (CY) Ltd From New Zealand


SaxoBank is an online finance service that deals in global online trading and offers complete trade and investment solutions to its customers.

By: Saxo Bank A/S From Denmark


XTB is an online trading solution dealing in the trading of forex, indices, commodities and share CFDs.

By: XTB Limited From UK


HotForex is a Forex and commodities broker tool that offers online trading services to its clients.

By: HF Markets Ltd. From Mauritius


FXPro is an online broking and forex trading tool that offers Contracts for Difference (CFD) trading on multiple services including foreign exchange, futures, shares and precious metals.

By: FxPro Group Ltd From UK
Based on 1 Vote


Alpari is an online Forex trading platform that offers its clients a wide range of internet trading services in the foreign exchange currency market.

By: Alpari Limited From Russian Federation


LiteForex specializes in online Forex trading in the international exchange market.

By: LiteForex Investments Limited From Marshall Islands


Dukascopy is a Swiss Forex bank and trading marketplace through which users can communicate and trade online with people all over the world.

By: Dukascopy® Bank SA From Switzerland


Axitrader is an online Forex trading platform offering its services to clients all over the world.

By: AxiCorp Financial Services Pty Ltd From Australia


Forex.com lets you manage your Forex trading services online with a basic account through which you get access to the global market of forex traders and get a chance to understand and even trade with international people and companies.

By: FOREX.com From USA


xTrade is an electronic forex trading application available in mobile application and desktop formats.

By: XFR Financial Limited From Cyprus

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

  • Automated Trading
  • Competitive Spreads