|Trading Station, MetaTrader 4, Ninja Trader, Others|
|YesOpen Demo Account|
|FCA, ASIC, FSCA||
|up to 1:400 (1:30 for EU clients and UK clients)|
|Australia UK, Germany, France ,Italy, South Africa, Bermuda|
FXCM focuses on traders who want to learn how to start trading the financial markets. New traders can take advantage of the trading tools and Forex education that FXCM offers to all clients trading on their platform. At the same time, FXCM offers innovative trading tools, education, and platforms for experienced traders intending to offer them the ultimate trading experience.
FCA: The FXCM LTD is Authorized and Regulated in the United Kingdom by the Financial Conduct Authority with a registration no. 217689 since 2003.
ASIC: FXCM Australia Pty. Limited (FXCM AU): The Australian Securities and Investments Commission (ASIC) have authorized FXCM to provide financial services with a registration number no. 309763, and this authorization came into effect in 2007.
FXCM South Africa (PTY) Ltd: FXCM South Africa (PTY) Ltd has been regulated by the FSCA in South Africa (FSP No: 46534) since 2016. Therefore, FXCM has an appropriate regulatory body monitoring their inter-daily activities with their client.
In FXCM different leverage levels are supported the traders’ experience and account funds, also because the regulation which particular residents or accounts may fall in.Leverage which may go up to 400:1 and 200:1 on FX and CFDs respectively to Australian residents or holder of accounts under ASIC regulation.
For the European clients, the European Securities and Markets Authority (ESMA) has set a guideline for leverage on the following:
As for the Account Types operated by FXCM, they contains a typical Account and an Active Trader Account.
Minimum Deposit requirement of $50(€300 for EU and UK residents),
Maximum leverage of 400:1
Minimum Spread of 1.3 pips
- Elite or active trader pricing
- API trading.
- Institutional derived trade ideas
- Dedicated support Market Depth
Demo Account: As already noted, you can try out trading with FXCM using their Demo account service, and this is particularly recommended if you’re new to the world of finance and don’t know a lot about trading Forex or CFDs.
Their live Demo account offers £50,000 of dummy capital for trading (also available in euros or US dollars, if preferred), so you can experience all the fun of 24-hour trading, five days of the week. You can choose which platform you want to use for Demo trading, and all the education and tools available to regular traders can also be utilized
FXCM supports a good range of trading platforms including the industry-standard platform MT4. It’s Award-Winning platform Trading Station, Ninja Trader, and other specialty platforms.
The features are similar to MT4, including EA integration, micro-lot trading, custom indicators, strategy optimization, and strategy back testing, and advanced charting. Trading StationWinner of the award for Best Proprietary FX Platform 2012 from Forex. But in contrast to MT4, Trading Station is straightforward to use and requires less setup. That said MT4 is used by many other brokers so traders who may switch brokers in the future might prefer to use the industry-standard software.
Traders can deposit funds into their accounts using the following approved methods:
When making withdrawal requests from YOUR trading account, the payment method used in making your initial investment will also be the same means you withdraw your fund, this simply means that, if you make a deposit using Credit Card, you won’t be able to withdraw through Klarna. Although there are no withdrawal fees when using Debit/Credit, there is a $40 withdrawal fee which is charged when using Bank Wire. Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.