FXCM
As one of the largest, fastest growing FOREX companies, FXCM Group has offices around the world including U.S.A, UK, Hong Kong and Japan. As one of the largest Forex brokers in the market, with clients in almost 200 countries, FXCM holds a firm capital of more than $ 100,000,000. Read on to know all about FXCM, as a forex broker. FXCM is a registered FCM with the CFTC, and is a member of the NFA. Although FXCM has over 90,000 live accounts, but what do the experts have to say about the service, trading platform, spreads, trustworthiness, execution of orders etc.? This FXCM review here will throw light on all these issues and tell you if FXCM is the broker that suits your needs.
Providing several types of accounts, designed for professional traders as well as for the newcomers in forex, FXCM is a great broker for all. The experience trader can open a standard 100K account with an initial deposit of $2,000 and offering leverages of up to 1:100.
The newbie can start with mini account, requiring an initial deposit of $300, and the leverages offered are up to 1:200. Mini accounts can be opened in US Dollars, and also in Euros, Pounds, Japanese Yen and Australian Dollars. There is also a demo or training account offered by FXCM, which is available for 30 days, with $50,000 demo money.
Getting on with the reviews of FXCM, it is important to mention here that the platforms for all account types are same, but of course logged in with a separate username and password for each.
Once you download the FXCM’s trading platform to your desktop, you will find the environment very user friendly and easy to use. Moreover it can be customized according to the users preferences. Some of the products offered are day trading, stop loss & take profit, as well as trailing stop / limit orders and entry orders. You will also see a hedging feature available in No Dealing Desk accounts. You can add the charting tools and analysis data either from a website, external to the trading platform, or can be added on to the platform by plug-ins. You can also download a FXCM toolbar to your browser providing instant access to FOREX market news and currency rates. You will also get alerts for when the market reaches desired rates.
Providing a professional 24/7 customer support, even during the weekends is a big plus point of FXCM. You can call the multi-lingual staff via International toll frees calls, chat and e-mail. If you have Gold accounts trading with over $25,000, you can avail of the VIP support.
FXCM review shows it to be a big and strong company, with a large world-wide user base, having high liquidity and large financial assets. Offering attractive rates, innovative tools and features, along with high standards of customer support, are some features which make FXCM a very safe and good choice as a forex broker.