FXCM Review – Forex & CFD Broker

Broker regulated by the FCA in the UK, the FSCA in South Africa and the ASIC in Australia, customer service in French available, no problems with deposits and withdrawals, almost the best index spreads currently on the French market and good execution – FXCM deserves a good review from us. Can FXCM be trusted?

FXCM is one of the pioneers of trading in the world. Its first actions in the field date back more than two decades. The broker has nevertheless been able to hold on thanks to increasingly strong competition in its sector. This longevity proves that the broker has the resources to stay on the market. What opinion can we have of this brokerage group? Is it reliable? What are its strengths? Can it be considered the best Forex broker? Yes, it is a trusted FX broker, just like AxiTrader.com which has good reviews.

Who is FXCM?

FXCM, in its long name Forex Capital Markets, is a broker that operates in the foreign exchange market. Since 1999, it has offered its FXCM Trading services on Forex. Generally speaking, traders using FXCM have the ability to speculate on the prices of currency pairs. The FXCM platform also allows them to trade CFDs (Contract for Difference) on certain assets. These include commodities and indices. Likewise, they can make bets on FXCM spread and benefit from additional services related to trading.

Through its activities and its client portal, FXCM broker thinks particularly of traders. The institution wants to offer them access to a vast market. In addition, it wants to have as much liquidity as possible so that they can carry out their transactions with complete peace of mind. In this logic of offering an unparalleled service, FXCM intervenes in trading assistance. The group wants to be a support, support and guide to its community.

Milestones in FXCM History

The broker has therefore been in the trading sector for 21 years. Many years of experience that have been punctuated by milestones. Here are a few that trace the history of the firm:

• 1999: creation of Shalish Capital Markets;
• 2000: name change to Forex Capital Markets;
• 2003: expansion in Europe and opening of an office in London;
• 2003: in January, the Refco group develops a partnership with FXCM;
• 2005: filing for bankruptcy by Refco;
• 2007: a consortium of buyers takes over Refco's shares;
• 2009: FCXM takes over the activities of ODL in the United States;
• 2010: in May, the UK branch of ODL is purchased by FXCM;
• 2010: In December, FXCM goes public;
• 2011: the NFA (National Futures Association) imposes a $XNUMX million fine on FXCM;
• 2012: Lucid Markets majority stake in FXCM;
• 2013: purchase of $12 million in Infinium Capital Management shares;
• 2014: the FCA (Financial Conduct Authority) imposes a $4 million fine on FXCM;
• 2015: Leucadia injects $300 million into FXCM after a big loss of funds;
• 2015: FXCM Inc. becomes Global Brokerage, Inc. ;
• 2017: bankruptcy filing by Global Brokerage;
• 2018: FXCM becomes “FXCM, A Leucadia Company”;
• 2019: the company celebrates its 20th anniversary.

Received FXCM Rewards?

FXCM's trophy cabinet is packed, to say the least. During all these years, the broker has gleaned no less than fifteen prizes. They were awarded to him by institutes and represent certifications that come to crown their work. The list is as follows:

• 2010: Multi-winner in three categories (FX Traders' Choice);
• 2011: Best Forex broker for individuals (Global Finance);
• 2011: Best Research Team (FX Street)
• 2012: Most important Forex Broker in France (Investment Trend);
• 2012: Best Forex Broker (IBTimes Trading);
• 2013: FXCM wins the award for the second time in a row;
• 2013: Best Online Broker (Money Am);
• 2013: Best Contributor for Sales Analysis in Trading (FX Street);
• 2013: Best Trading Execution Award for Individuals (Forx Magnates London Summit);
• 2013: UK Broker of the Year (UK Forex);
• 2014: Most important broker in France (Investment Trend);
• 2015: Multi-winner for different categories (Investment Trend);
• 2015: Innovation in technical indicators (Grand Prix de la Confiance);
• 2015: Certified broker in several areas (Label Warning Trading);
• 2016: Multiple winners in several categories (Investment Trend);
• 2025: Better training and better trading tools (Personal Wealth);
• 2025: Best broker in Europe (Global Forex Award).

This list, although provided, is not exhaustive. It nevertheless includes the major part of the rewards received by the FXCM platform.

FXCM in a Few Key Figures

Here is a summary table of some important information about the FXCM broker.

Broker AMF or not?

As in several countries around the world, FXCM has its activities in France. France occupies a significant part of its clientele. To operate as a broker, AMF accreditation is essential. This is a relevant criterion for carrying out an analysis of FXCM review. It is one of the most credible and respected organizations in the trading sector. Therefore, there is indeed a link between FXCM and the AMF (French Financial Markets Authority) through the authority's oversight of the broker.

FXCM France, does it exist?

FXCM has a France branch under the name FXCM France. It is this office which exercises under the control of the AMF according to the “Rules of Conduct and Principles of Execution”. FXCM France is registered with the Paris Trade and Companies Register. It is registered under the number: “SIREN 509,690 905”. The structure has its quarters at 35 avenue Franklin D. Roosevelt 75008 in Paris. FXCM servers are therefore functional in France. It is easy to find the contact FXCM France (fxcm regafi).

ECN Broker or Market Maker?

FXCM has several liquidity providers. Among them are prestigious banks. There are also financial groups and other important players. In the list of its suppliers, the broker lists for example: Barclays Bank, Citibank NA, UBS AG. These entities are then put in competition to offer the best price to customers. For this, each of them must inform the broker of the purchase and sale values. Inserting the numbers into a price comparator developed by FXCM allows for a quick comparison. This results in the best price, otherwise the best possible spread difference. It is an important service that helps the broker to receive positive reviews from its users.

By opening a position, the trader induces FXCM to hedge it with the liquidity provider whose prices have been chosen. The financial institution receives the sell or buy order as an action conducted by the brokerage firm. She therefore has no information on who issued the order and on the specifics of her trade. This is a key aspect of the process that prevents stock market manipulation.

This price negotiation technique is called “No Dealing Desk”. This is also the ECN. It is clear that the British broker is not a Market Maker, but an ECN broker.

Can we trust this Broker?

FXCM is one of those brokers who have a certain longevity and experience. They had time to make a name and fame for themselves.

The Quality Service offered by FXCM

The platform through its services is very attractive. Its strengths include:

• The low spread levels favored by FXCM traders;
• Its operation supported by many companies;
• Its membership of a very large financial group;
• Thousands of accounts opened on the platform;
• The many authorizations from different financial organizations;
• Its many branches around the world.

All these characteristics testify to the expansion of its activities, but also to the confidence that the authorities have in its services.

The Problems Encountered by FXCM

Unfortunately, in 21 years of exercise in the trading world, FXCM has not known only hours of glory. It should be noted that the platform is prohibited from operations in the United States. However, this is where the broker's adventure began. Numerous complaints, large fines, accusations of fraud, regulatory measures and arbitration decisions have punctuated the course of the brokerage business. If the company was affected, its customers were no less harmed. They suffered huge losses which had to be compensated by reimbursements ordered by the authorities.

FXCM nevertheless tries to turn the page with the dark hours of its past. Even if these cases tarnish its reputation, the broker is transparent with FXCM forums and FXCM broker testimonials. Providing quality service, optimal security, and...vantages without any other, this is the goal of the broker. It will still remain difficult to have total confidence because of the lawsuits launched in the past against the group. However, this broker still continues to satisfy its many users around the world with its quality services.

FXCM Regulations

Apart from the Autorité des Marchés Financiers which controls the shares of FXCM in France, several other structures exercise their right of regulation. Thus FXCM is regulated by:

• The Financial Sector Conduct Authority in South Africa;
• The Financial Conduct Authority in Greece, UK, Germany;
• The Australian Securities and Investments Commission in Australia;
• BaFin partially in Germany;
• CONSOB in Italy.

What Protections for Client Funds?

FXCM ensures complete transparency and optimal security in the management of its clients' funds by using segregated accounts. A segregated account is an account created for a client in a bank chosen by the broker. This account belongs exclusively to the holder of the trading account. The funds are kept separate from those of other customers.

The company only acts as an intermediary between the client and the bank. All capital held by clients does not belong to FXCM in any way. Its funds are also separated from equity. The broker cannot therefore use it.

There is a rescue fund, the FSCS (Financial Services Compensation Scheme) which would be able to compensate customers in the event of the platform's inability to ensure withdrawals. Account owners must belong to an authorized financial services company. They can thus benefit from compensation of 85 pounds sterling. Even in the worst-case scenario, at least £000 can be paid out. All these provisions support the different opinions on the FXCM broker.

Broker scams

Cases of scams have already been identified on the broker. Indeed, a fine from the NFA (National Futures Association) rings the FXCM to compensate clients affected by abnormal prices on the platform. The broker is accused of professional misconduct in relation to his slips. The same year, it was another structure, the CFTC (Commodity Futures Trading Commission) which condemned the company to compensate customers still on the terms of the shifts. These FXCM problems force the structure to pay this time $14,2 million.

The setbacks do not stop for the brokerage group. Fraud complaints, Negative reviews of FXCM brokers and extortion are davantage come to tarnish the image of the broker. The final blow came in 2017 with yet another action from the CFTC which incriminated FXCM’s “No Trading Desk”. This led to its ban from markets in the United States. Since then, the platform has bounced back in Europe and is trying to restore its image. These are all situations that leave one doubting whether FXCM is a scam or not. However, the answer is read by the new FXCM has recorded positive reviews over the years on this platform. This broker works daily to offer better conditions to its subscribers.

It should be noted that after opening an account, the broker FXCM also offers the possibility to its unsatisfied subscribers to terminate their contract. That is to say, it is quite simple to close an FXCM account.

Account Types

Different trading options are available on the broker's platform. This leads to identifying groups of accounts.

• CFD Accounts – FXCM's CFD accounts offer the ability to trade across multiple markets. Therefore, you do not need to purchase the underlying asset. The bulk of thevantage, it is the exploitation of leverage effects which make it possible to increase profits. The same goes for losses in the opposite direction. As the spreads are low, the range of possibilities is large. You can launch multiple trades without fear of seeing your FXCM margin exceeded and your balance reduced.
• Securities Accounts – Although it has the functionality to trade stocks, the platform remains limited to Stock CFDs. Therefore, clients cannot purchase entire positions of an asset. However, there is a "Hedging" option for stocks. Thus, FXCM traders, fearing a drop in the value of their stocks, can speculate on short-term downward movements. This allows them to hedge their investment.
• Islamic Accounts – As previously stated, no specific accounts have been created for Muslims. However, they can still use the platform, as the conditions are favorable to them.

What are the trading accounts offered by the broker?

• The Live Account – To make money trading Forex, it is essential to have a live account. There are different categories of these accounts with various features.vantages which vary on FXCM.
• The Standard Account – The first type of account is the Standard Account. It gives you access to approximately twenty currency pairs on the platform. To benefit from it, however, you will need a minimum FXCM deposit of €300 as starting capital. This amount is only valid in Europe. In the rest of the world, a deposit of €50 is sufficient to get started. FXCM's spreads are low. These conditions are perfectly suited to inexperienced traders or those who want to begin trading.
• The "Active Trader" Account – Considered the premium service, and even according to FXCM reviews, having such an account requires a deposit of €25,000. You must also trade a monthly volume of between 150 and 500 million. As the name suggests, this account is designed for traders who regularly speculate on the stock markets. A range of services is offered, including:

1. Special pricing;
2. Very low spread differences;
3. A team of professionals to help manage the account;
4. Access to API Trading as a developer;
5. Consultation through a subscription of data from financial institutions to better anticipate market prices;
6. Special features unlocked;
7. Solutions adapted to each client.

• The Limited Risk Account

This is also the FXCM mini account. This account offers greater protection against the risk of loss. FXCM offers this account only on the MT4 platform. Spreads remain attractive. Stop Loss is activated at each position to limit your funds from being overexposed. However, the balance must not exceed €10 net. Beyond that, it is immediately transferred to the standard accounts.

The restrictions imposed are not binding. The FXCM trader retains great freedom in modifying his positions. If the latter has access to Forex, indices and commodities, certain account categories are only available in France.

• The Professional Account

This is the latest real account type offered by FXCM. It is dedicated to professional traders. To get one, you must meet certain conditions:

1. Have traded with significant volumes over the past year;
2. Have at least €500;
3. Have worked for at least one year in a finance position or one that requires in-depth knowledge of derivatives trading.

By meeting two of these three conditions, you are eligible for the professional account. You will still lose avantages related to protection regarding the risk of loss. These are compensation services and FOS (Financial Ombudsman Services) benefits. In the event of a negative balance, your deposits will compensate for your losses until the account is zero or positive.

What Types of Accounts Do We Recommend FXCM For?

FXCM aims its platform at all types of traders. The broker is therefore recommended for those who have low capital, but also large ones. Whether you are a beginner, seasoned investor or professional, FXCM offers you a tailor-made service. Forex, FXCM stocks, indices and commodities markets are accessible. If you plan to trade in one of these markets, FXCM is for you.

The broker allows you to create individual accounts which are the most common. You can have just one or several depending on your category. The hasvantages linked to each category of individual accounts therefore vary depending on your capital. Apart from these, it is possible to have linked accounts. These are managed by two people, as couples can do.

Finally, there are professional accounts. They are designed for those who have made trading a real profession and who trade with high leverage. Companies that want to speculate on stock markets can also create an account. This will requirevantage documents and evidence than for other types of accounts.

The Demo Account

One of thevantages to operate this broker is the possibility of opening a free limited-time FXCM demo account. The broker offers its clients the possibility of building up using virtual money. From this account, they will be able to observe the market, carry out technical analysis and take positions. It is also possible to backtest fxcm and consult its history to better refine your strategy and FXCM signals.

Trading in demo or simulation on FXCM, these are quotes that are updated automatically. There is no difference with a real trading account. The account holder has a fund of €50 to train, test their strategies and refine their technique. The market is accessible to him all week, from Monday to Friday. On weekends, the stock market closes. No operation is allowed. However, the FXCM demo MT000 account (metatrader 4 download, mt4 download, fxcm demo metatrader 4) runs for 4 days. It is no longer accessible and usable after this period.

Registration is done by providing personal data such as:

• First Name
• Last Name
• The city
• Pays de résidence
• The email address
• Phone Number

Educational content is offered through the newsletter to which subscription is mandatory. A disclaimer is attached to the FXCM demo account. It is important to take a look at it before starting. You can easily make your opinion on FXCM.

Payment Methods

The FXCM broker offers many solutions for making deposits and withdrawals.

FXCM Real Account Deposits

To top up your FXCM trading account, you have several payment methods to choose from. Bank transfer, card deposit and electronic payment methods like Skrill, Neteller and Union Pay are accepted.

It should be noted that the method of payment by bank transfer requires a somewhat long processing time. It takes about 4 days, unlike the electronic payment solution which is instantaneous.

Withdraw Money on FXCM

It is highly recommended to use the same deposit method to make withdrawals. At this broker, it is not possible to use electronic means to withdraw your winnings. You therefore have the choice between bank transfer or payment by visa card. In the first case, you have to wait about 4 days and 3 days in the second case.

Broker Fees

One of the arguments that FXCM puts forward is its fairly affordable fees. Even FXCM reviews support this version. What is it really?

spreads

The broker's spreads (spread cost) are quite competitive (fixed, low, etc.).

FXCM – Forex Spreads

FXCM – Index Spreads

FXCM – Commodity Spreads

Commissions

FXCM applies a “spread + commission” fee all at once. No other FXCM tariff is added on each open position. Whether on FXCM Forex or FXCM CFDs, the principle is the same. Costs remain low compared to most competing brokers.

swaps

The platform does not apply swaps on short or long open trades. This is one of the reasons why their services are popular with traders looking for low fees. FXCM user reviews say enough.

Management fees

They are applied each year only for accounts that have remained inactive over the twelve months before the invoice is issued. The fee is 50 units of the currency attached to your account. If the account is denominated in euros, you will be deducted €50. If your account balance is less than this amount, it will be deducted from your bank account.

Even blocked accounts that have been inactive for a year will be subject to this charge. This is fxcm inactivity fee. You can avoid fees by depositing or withdrawing from MyFXCM. However, there are other tricks to avoid having the penalty debited from your account. You can consult the various FXCM reviews and forums to derive other solutions.

Other expenses

The broker does not charge any other fees to its clients. Creating accounts is free. Deposits and withdrawals are just as important.

Apart from these various details on trading fees at FXCM, it is necessary to clarify the notion of fxcm Rollover. Being common to Forex brokers, it represents interest paid or earned to maintain a position beyond one trading day. The different rates applied are very visible on the FXCM platform.

Islamic Account Fees

FXCM has not created a trading option exclusively for Muslims. However, they can use the platform to speculate on stock markets. Indeed, no fees are applied except for spreads and account administration penalties. The swap being zero, this responds to the conviction of the practitioners of the religion.

Securities Account Commissions

There is no securities account at FXCM. It is still good to specify that for the CFD actions, the broker does not derogate from its principles. No fees are charged for trading stocks. The broker remains in its vision of minimizing costs as much as possible, especially for transactions that do not involve a large volume.

Proposed Instruments

The brokerage in order to satisfy its customers has diversified its instruments. They cover five distinct markets. The best known and most used is undoubtedly Forex.

The Forex Market

The foreign exchange market is accessible 24 hours a day, 24 days a week. Forty currency pairs are present on the platform. They range from major pairs to minor pairs. They are essentially made up of fiduciary currencies. It lists the FXCM EURUSD, USD/JPY, GPB/USD, AUD/USD, USA/ZAR, TRY/JPY, etc.

It should be noted that the forex market is a place of over-the-counter (OTC) transactions just like what FXCM offers.

The Stock CFD Market

These are the shares of large international companies. This is the case ofApple, Google, Netflix, Amazon, Boeing, Exxon Mobil, etc. By trading these stocks, you leverage part of your capital to speculate. In this context, you do not need to actually have a physical share in the company in question.

The Index Market

The index market, on the other hand, makes it possible to assess the evolution of an economy from a more global point of view. An index therefore groups together a certain number of shares belonging to different companies. There are 14 of them offered on FXCM. These include: VOLX, US30, NAS100, ESP35, AUS 200, JNP225 to name a few. The spreads (Dax, SP500, Dow jones, Nasdaq, Dax30, Bund, etc.) offered on this market are also very interesting.

The Commodities Market

On the commodity market, the broker has 11 instruments. There are among others:

• NGAS;
• UKOIL;
• COPPER;
• XAG/USD;
• XAU/USD;
• WHEATF, etc.

Recently, FXCM has opened up to several other markets. It thus gives the means to a new category of customers to register on its platform. The spreads offered are among the lowest in the industry.

The Proposed Leverage

The leverage applied for each open position is intrinsically linked to the instrument traded in the market. Thus, FXCM applies different leverages whether for currency pairs, indices or stocks. Leverage is therefore capped at 30:1 for major currency pairs. Minor currency pairs are limited to 20:1. For commodities except gold, but also for minor indices, it will be 10:1. The latest 5:1 leverage sets the high bar for individual stocks.

FXCM Analysis Tools

With its software, FXCM provides its clients with numerous market analysis tools. First, there are the indicators. Traders will find the:

• Support and resistance levels;
• pivot points;
• Bollinger Bands;
• Moving averages;
• Oscillators and momentum indicators.

Apart from these, it is possible to download its indicators or use customizable templates like: fxcm heiken ashi, ichimoku, ATR, CCI, SAR, etc.

With FXCM Apps Store, the broker allows those registered with it to benefit from digital tools for trading. Many FXCM apps available on the platform are accessible from a computer or a smartphone (android). On smartphones, users can download FXCM MT4 platforms from Apple Store (fxcm mt4, metatrader 4 mac) or Play Store. They serve as analysis tools for traders. This is the case of the application (FXCM app) “candlestick analysis tool”. Its goal is to spot major trends based on the sequence of Japanese candlesticks. The trader can display the FXCM chart and gaps to better refine his analyses.

All of these tools can be used on FXCM trading platforms. For this, you need to download FXCM Trading Station, FXCM MetaTrader 4 (meta trader), NinjaTrader or use FXCM webtrader, ZuluTrade, Trading View or other automatic trading solutions available. It can be FXCM expert advisor, forex trading robot, copy trading, algo trading, automatic trailing stop or dynamic trailing stop, trailing order, etc.

It should be noted that all types of trading are possible with the FXCM broker. Scalping, day trading, swing trading, it gives each of its users the chance to form their own opinion and enjoy a good trading experience.

Trading Calculator

The Trading Calculator is a tool offered by FXCM. It is used to determine the value of a pip on FXCM Forex. Thus, you can calculate what your profits or losses on a position could be. To use it, you just need to specify some information.

Already you have to select the currency pair. The most used and least used pairs are present at the level of the Pip calculator. The same is true of exotic pairs. The next element is the market entry price. The entry price must be that of the selected currency pair. This is an opportunity to make a calculation of the required FXCM margins before continuing your choice (anticipate a margin call).

Then, it is essential to specify the currency of the account. It appears in the data to be inserted so that the conversion can be carried out in the base currency. To this must be added the value of leverage. Also it is easy to change the fxcm lever. It is therefore necessary to calculate the leverage effect beforehand. This can be in units or in batches (batch size fxcm).

Finally, comes the current exchange rate. This is the value of the base currency of the account against the counterpart currency of the pair. This is equally useful in conversions. After validation of the calculation, the value of the pip is given.

Training

One way for the British broker to help its clients improve is to offer them training. These are accessible in different ways. The trader only has to choose the option that suits him best.

Newsletter

You subscribe to it automatically as soon as an account is created, whether it is an FXCM demo account or a real FXCM account. Periodically, courses, articles, tips, advice or information will be sent to your mailbox.

YouTube

The FXCM France channel was created on the Google social network. There you will find training and courses to help you trade better. The length of the videos varies depending on the theme. Avantage, is that they can be consulted at any time.

Content on the site

Site managers write many interesting articles about trading. They share explanations, various learnings and guides. All these elements are very useful especially for new traders.

You will also find stock prices (fxcm, stock price), contest information and various FXCM bonuses. The economic calendar, for example, is an important tool offered on the FXCM web platform. Information on FXCM trading hours, market opening hours (quotation hours) are among other accessible data.

On-Site Training Programs

On the site, you will find guides and courses on FXCM trading and its aspects (FXCM conference, CFD guide, etc.). There are also immersion days for training. Free webinars, fortnightly afterworks are other enticing programs initiated by FXCM.

Slippage and Order Execution

Slippages or price slides are situations that occur very often on trading platforms. FXCM is no exception. Thus, it may happen that the price executed when your order was validated is better than that displayed when opening your trade. This is positive slippage. The opposite effect is equally plausible. This time, the executed price will be less attractive than the ask price.

Some statistics from the platform during order executions show the frequency of occurrence of these facts. 28,34% of orders with a stop loss and a limit order were affected by positive slippage compared to 12,19%. The percentage of open positions with a limit order that benefited from positive slippage is 72,78%. On the other hand, 43,03% were affected by negative slippage. The data opposite covers a 9-month period from January to September 2025.

Comparing the types of slippage during order execution, positive slippage dominates. Nevertheless, the negative slips are in negligible proportions compared to the percentages of the positive slips. This testifies to the absence of a flagrant imbalance.

How to Become an Affiliate at FXCM?

It is possible to affiliate with FXCM by joining their Forex Affiliate Program. To do this access his site. You will then have to register, specifying how you want to participate in the program. Is it as an individual or as a company? As soon as the choice is made, you complete the process until validation of the FXCM affiliation.

The avantages to be affiliated with FXCM IB are:

• Commission payments up to €750;
• Additional equipment;
• An Affiliate Manager;
• Reports of your performance.

Customer Service Notice

The broker's customer service is available all day for 24 hours, but also from Monday to Sunday. This is a big point in favor of FXCM reviews, because the competitors opposite cannot maintain such schedules. Furthermore, there are a variety of channels from which to reach him. They are all operational. Response times are not the shortest known, but are acceptable. It's an avantage which gives rise to a good FXCM opinion on withdrawals.

How to contact the Broker-All means of contact

The following means are those available in France:

• E-mail : [email protected] ;
• Numéro de téléphone : +33 (0) 1 73 00 28 60 ;

In Great Britain :

• E-mail : [email protected] ;
• Telephone number: +44 (0) 207 398 4050;
• Green number: 0808 234 8789

There is also a live chat that works from the platform. There are also international numbers available to reach its customer service. You can use these means to ask your various questions. Although it is a concern related to how to close your FXCM account, you will find customer service available and efficient.

Bad Broker Reviews

Many sites castigate FXCM for its rocky past. They paint a very unflattering description of it. They point to the FXCM scams registered in the United States, inconsistencies between the information disclosed, the reality and the phases of bankruptcy through which the company has gone. It should also be recognized that the broker does not offer FXCM metatrader 5 to its community. This also justifies some bad reviews.

Position of FXCM on the French Market

Given the importance of the activities in France, it would be interesting to take an interest in its position on the financial market.

FXCM in Summary: Avantages & Désavantages

Here is a short summary which brings together thevantages and the less rosy aspects of FXCM.

Is This Broker the Best Forex Broker?

FXCM offers very interesting services. His many years of experience allow him to focus on specific services. These represent assets revealed in FXCM reviews and make the platform competitive. However, it has progress to make to reinvent itself andvantage to modernize oneself. The lack of intuitiveness of the platform makes it difficult to use. Even though it offers a rich education service, novice traders might be attracted to other brokers. However, the differentvantages of this broker make it one of the best Forex brokers.

Is FXCM a Regulated Broker?

FXCM has clearance from FSCA in South Africa, FCA in UK, ASIC in Australia.

Is FXCM a Reliable Broker?

Operating since 1999, FXCM offers quality services to its customers. Listed on the stock exchange, having many authorizations with an efficient customer service and the many positive reviews and testimonials, FXCM is a Reliable Broker.

Funding your FXCM Account: how does it work?

There are several means of FXCM deposits. Card deposit, wire transfer and electronic payment methods like Skrill, Neteller and Union Pay are accepted.

What is the Minimum Deposit Amount at FXCM?

For a standard account, the minimum deposit amount is €300 for countries in Europe and €50 for other countries in the world. To open the Active Trader account, you need €25.

❓Does FXCM Offer a Free Demo Account?

To test your strategy and get used to the different tools of its platform, FXCM offers a free demo account. You will therefore have a fictitious balance to practice trading.

☪️ Does FXCM Offer Islamic Accounts?

FXCM offers many account options. However, it does not offer a particular account in accordance with the different standards of an Islamic trading account.

What is the Best Alternative to FXCM?

Our trading community particularly appreciates the following brokers: Vantage (for its welcome bonus and leverage), Axi (for its advanced trading tools) and eToro (for its simplicity).

Have you used FXCM before and want to share your experience? Leave us a comment !