Overview of FXCM broker on Forex
In this article, we bring you a review for FXTM broker. It is a giant company broker that has been around for quite a while now in relation to the rest of the market. It offers traders to trade on Forex, Spread betting and CFDS. Bear in mind, that if you are in the UK these things are TAX-free for you. Also, you can trade commission free on micro CFDs. You can start with just a 50-pound mini account or Demo account. The company has been around since 1999 and has been one of the first ones in the US for the on-line trading.
Regulation and License
FXCM Australia Pty. Limited is the holder of an Australian Financial Services Licence (number 309763)
FXCM UK regulated with the FCA of the United Kingdom. Registration Number 217689.
Trading platforms and account types of the FXCM
When you will just log in to their website and fill out the information, you will have access to those trading platforms:
- Trading station – one of the oldest and simplest platforms;
- Metatrader 4 – the well-known and popular platform.
Both of them are available on the web and to download to the computer. Also, you can try to upload them to your tab, cellphone and even trade from the small watch. Alongside those platforms, you will find services such as Ninjatrader – the ability to trade with chosen traders and Compare Platforms, where you can have both platforms and choose the best one for you.
The selection of accounts that FXCM offers is very interesting too:
- Active trader.
All three are available on the spread only model. The average spreads on the Mini and Standard accounts are 1.5 and 1.0 on the Active. And also the difference is between the Battings and Leverage of those accounts. The more active you are as a trader, the better deals you get of course.
Learning materials and the analysis
Loads of research from FXCM is available for you to stay on top of the things and be able to see what markets are doing. Including the Economic calendar, the market news, The Market scanner and various charts.
FXCM is also very big and pay attention to the education. Because of course the better the traders, the most likely they would stay with FXCM. Their learning tools are:
- Video library;
- Live seminars;
- Live classroom.
Features and safety of FXCM
The broker offers to trade 24/5, which is basically all the time the market is open. FXCM is regulated across the globe. They are based out of the US, where they are of course regulated. They are also under the regulations of UK FCA and under Australian ASEC.
The broker offers to trade 24/5, which is basically all the time when the market is open. FXCM is regulated across the globe. They are based out of the US, where they are of course regulated. They are also under the regulations of UK FCA and under Australian ASEC.
Their most popular feature is the Trading station platform, that you don’t need to upload, and you can just use it online. They do have an advanced educational program that can be useful for both new traders and the experienced ones.
Besides this, the FXCM is the highly reliable strong and transparent broker that owns so many different Awards that you cannot deny its professionalism. Besides, it is indeed offering a better execution and has competitive pricing. If you are new to trading and looking at the trading with pounds – this will be a good solution as the company offers strong and solid options and good prices for both beginners and traders who are not so new to the market.