FXCM is a broker founded in 1999 and registered in Bermuda. It offers a wide range of financial services to traders around the world. The company's activities are regulated by the UK Financial Conduct Authority (FCA), which underlines its commitment to safety and reliability standards in the financial sector. 

FXCM has earned a reputation as a reliable partner thanks to optimal trading conditions and many years of experience in the Forex market. The company offers three types of trading accounts and the opportunity to open a demo account for beginners. Trading platforms available from FXCM include MetaTrader 4, MetaTrader Web, ZuluTrade and Trading Station Web, which provides a variety of choices for traders.

Despite the numerous advantages, such as a wide range of trading instruments and a functional website, FXCM has certain limitations. For example, bonus programs are available only to traders with a deposit of $25,000 or more, and there is no Russian-language version of the site, which may limit access to training materials and analytics presented exclusively in English.

In addition, citizens of Ukraine, Russia and Belarus cannot open an account with this broker, which is an important restriction for users from these countries.

FXCM actively participates in the market through partnership with MOFT and has awards in various categories such as "Best Trading Instruments" and "Best Training", which confirms the recognition of its achievements and the quality of services.

Thus, FXCM remains a significant player in the Forex market, offering traders around the world reliable services and innovative trading platforms.

Main Features

FXCM provides its clients with an extensive set of tools and services that contribute to successful trading in global financial markets:

No restrictions for stop and limit orders:

Traders can use the full range of currency pairs and other assets to place stop and limit orders without any restrictions. This allows you to effectively manage risks and monitor the execution of trading strategies.

• Free real-time trading signals:

FXCM provides access to free real-time trading signals through the FXCM PLUS platform. These signals include both proprietary analytical data and technical analysis from experts, which helps traders make informed trading decisions.

• Regulatory framework:

FXCM is subject to the strict regulatory requirements of several leading regulators, including the Financial Supervisory Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). This ensures a high level of protection of customer funds and transparency of transactions.

• Support and educational resources:

The company offers round-the-clock customer support for five working days a week, ensuring prompt response to traders' requests and questions. In addition, FXCM provides extensive educational materials and courses on Forex trading, which helps clients develop their skills and confidence in the market.

• Trading Platforms:

FXCM platforms include a flagship PC trading station that offers a complete set of tools for analyzing and executing trading operations. Trading Station Web 3.0 provides access via a web browser, which is convenient for Mac users and those who prefer flexibility in access. Mobile platforms allow traders to trade on the go, and support for MetaTrader 4 and Trade View Pro adds variability and functionality for different trading styles and user preferences.

Thus, FXCM presents itself as a reliable partner for traders, providing all the necessary tools and services for successful and safe operation in the financial markets.

Most often, FXCM is compared with the following brokers: RoboForex, TeleTrade.

Trading conditions

FXCM broker offers its clients a variety of trading conditions that may be of interest to both novice traders and more experienced investors. Here are the main parameters and trading conditions of FXCM:

Spread size: The size of the spread depends on the specific trading instrument. For currency pairs, the minimum spread is 1.4 points. This means that the difference between the purchase price and the sale price for the main currency pairs starts with a small value, which is important to minimize trading costs.

Minimum transaction volume: All account types allow you to start trading with a minimum transaction volume of 0.01 lots. This is especially important for beginners or those who prefer to start with a smaller investment.

Leverage: For deposits up to $20,000, clients can use leverage up to 1:400 for currency pairs and up to 1:200 for CFD contracts. For deposits over $20,000, the leverage is reduced to 1:100 for currency pairs and remains at the level of up to 1:200 for CFD contracts.

Such conditions allow traders to effectively manage their investments, depending on their level of experience and preferences. FXCM provides the ability to flexibly customize trading strategies and maximize potential profits with minimal risks.

Trading Platforms

FXCM offers a variety of trading platforms, providing convenience and flexibility for traders of different levels and preferences:

FXCM Flagship Trading Station for PC: This is the main FXCM trading platform designed to work on personal computers. It provides a full range of functions for market analysis, trading and portfolio management.

Trading Station Web 3.0 (Mac compatible): This web platform provides access to trading via a web browser, which is convenient for Mac users and traders who prefer flexibility in accessing markets without the need to install specialized software.

MetaTrader 4: This platform is widely known in the industry and offers powerful tools for trading in the Forex market and other financial markets. MetaTrader 4 supports automated trading using Expert Advisors and indicators.

Trade View Pro: Trade View Pro is an additional platform that can be used for in-depth market analysis and trading operations with an emphasis on professional tools and functions.

Thus, FXCM provides a wide range of trading platforms that combine various technological solutions and capabilities for the convenience and efficiency of traders.

Mobile application

The FXCM mobile app is simple and easy to use. This allows traders to easily trade and manage their accounts directly from their mobile device. Having an effective search function helps users quickly find the right trading tools, which improves the user experience and saves time.

The platform offers a variety of order types (for example, market and pending orders), which allows traders to flexibly manage their strategies and monitor the execution of transactions.

One of the disadvantages of the FXCM mobile app is the lack of enhanced security mechanisms such as two-step sign-in. This may affect the level of protection of traders' accounts from unauthorized access. There is also no way to log in using biometric data such as fingerprint or facial recognition, which also limits the convenience and security of accessing the application.

In general, the FXCM mobile application is a convenient tool for traders, providing access to markets and a variety of functionality. However, to increase the level of security, it is recommended to implement two-step login and biometric authentication mechanisms.

Types of accounts

FXCM offers three types of accounts with different conditions adapted to different needs and levels of traders. The demo account is designed for training without the risk of losing real funds and is available without the need to make a minimum deposit. This account allows you to use leverage up to 400:1 and trade on the Forex market, as well as CFDs on commodities, cryptocurrencies and indices.

The standard account requires a minimum deposit of $50 and also provides an affordable leverage of up to 400:1. It is suitable for traders who already have experience and are ready to start trading on real market conditions, including a wide range of trading instruments.

The trader's active account is a more advanced option with a minimum deposit of $25,000. It offers the same leverage and choice of instruments, but is aimed at experienced traders who are ready to work with large volumes and higher financial risks.

Safety

FXCM strictly complies with the requirements of regulatory authorities around the world, which ensures a high level of protection of customer funds and transparency of transactions. In particular, FXCM LTD clients' funds are held in segregated accounts in accordance with the FCA Client Funds usage rules. This ensures that even in the event of a company default, customer funds cannot be used for the benefit of other creditors. Regulatory authorities such as the Financial Supervisory Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and others are empowered to fine and take action against companies for violations of financial standards and regulations. FXCM is also subject to capital adequacy requirements which contributes to the stability and reliability of the broker in the market.

Support Service

The FXCM support service provides technical and operational assistance to customers 24/5 via phone, email and personal contact to the company's offices. Advantages include the presence of a frequently asked questions section, the ability to send emails and the availability of telephone support. However, there are disadvantages, such as lack of work on weekends, support only in English, lack of online chat and a long waiting time for a response of up to 3-4 days.