Now you can copy trades automatically from successful traders in real time. Whether trading Forex, Stock Indices or Commodities, FXCM would like to thank you for your ongoing commitment over these past two decades. As our industry continues to change, we look forward to being able to provide you with the same customer support and ultimate trading experience that have driven us right from day one. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Free Practice Account
- Residents of guam are not eligible to apply for an FXCM live trading account.
- With its global presence, award-winning customer service, and wide range of products and services, FXCM is the perfect partner for any trader.
- Some of the top traders use automated strategies to take the human element out of trading.
Finally, some of FXCM’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content.
Yes, FXCM offers a free demo account, also known as paper trading, that allows you to practice trading with up to $20,000 in virtual funds. The demo account simulates actual market conditions with real-time data and a similar environment as a live account. With a demo account on its proprietary Trading Station platform, you’ll have access to FXCM’s trading tools, charts, and order types. With a demo account, you’ll be able to test strategies and familiarize yourself with the platform without risking any real money. Since 1999, FXCM, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, Stratos Markets Limited (“FXCM”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
Trading Station Desktop VPS
Residents of Vanuatu are not eligible to apply for an FXCM live trading account. Residents of United States are not eligible to apply for an FXCM live trading account. Residents of Ukraine are not eligible to apply for an FXCM live trading account. Residents of Turkey are not eligible to apply for an FXCM live trading account. Residents of Timor-Leste are not eligible to apply for an FXCM live trading account.
Residents of Hong Kong Sar China are not eligible to apply for an FXCM live trading account. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. Through our dedicated global 24/5 customer support and individual client feedback, we aim to ensure that we are constantly building a better brokerage for our traders. FXCM strives to connect with our clients and deliver a wide range of products enhancing our clients’ trading experience.
Life at FXCM
Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs. Trading Station Web 3.0 offers an incredible trading experience, with an intuitive user interface and powerful features to keep you trading at your best. It has a fresh modern look and a cleaner user interface, along with exciting new features that make this our best web-based platform yet. If you are looking for a reliable and trustworthy forex broker, FXCM is the perfect choice. With its global presence, award-winning customer service, and wide range of products and services, FXCM is the perfect partner for any trader.
He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
Explore MT4 Expert Advisors and Indicators
Our people are agile and thrive in an environment of fast changing industry trends and business conditions to meet the demands of our customers. Past experiences and newly acquired skills provide the confidence for our people to forge ahead. Upon completing the application you will be provided a username and password. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. FXCM’s pricing for forex trading is slightly higher than the industry average. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider.
Our Global Footprint
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Comparison is based on the average FXCM Group spreads of the period April 1, 2022 to June 30, 2022. Trading Station Desktop opens up a world of potential opportunities with custom indicators, strategy optimization, strategy backtesting, and robust charting for serious traders. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. In December 2010, FXCM completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, FXCM. Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.242526 In its IPO prospectus, FXCM described its no dealing desk trade execution.
The Trading Station Mobile platform lets retail traders quickly and easily access the forex market. Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Advanced Indicators & Free Market Data:
Residents of Syria are not eligible to apply for an fxcm broker review FXCM live trading account. Residents of Sudan are not eligible to apply for an FXCM live trading account. Residents of St Helena are not eligible to apply for an FXCM live trading account.
FXCM APPS
Residents of American Samoa are not eligible to apply for an FXCM live trading account. Residents of afghanistan are not eligible to apply for an FXCM live trading account. Residents of India are not eligible to apply for an FXCM live trading account.
Residents of iran are not eligible to apply for an FXCM live trading account. Residents of guam are not eligible to apply for an FXCM live trading account. Residents of cuba are not eligible to apply for an FXCM live trading account.
FXCM is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. FXCM is an independent legal entity and is not affiliated with MetaQuotes®. Explore potent built-in tools such as Real Volume, Market Depth, and Trader Sentiment.
FXCM is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. This one details the top five forex oscillators used in technical analysis. FXCM’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its FXCM YouTube channel.
- Overall, FXCM’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category.
- Residents of burundi are not eligible to apply for an FXCM live trading account.
- Residents of Kenya are not eligible to apply for an FXCM live trading account.
- Since 1999, FXCM, has been a pioneer in developing online forex offerings for retail traders.
- Upon completing the application you will be provided a username and password.
Residents of South Korea are not eligible to apply for an FXCM live trading account. Residents of Somalia are not eligible to apply for an FXCM live trading account. Residents of Singapore are not eligible to apply for an FXCM live trading account.
