Enhance your trading with simple, intuitive, and code-free automation. Capitalise.ai monitors real-time market data, technical indicators, and macroeconomics for you 24 hours a day, seven days a week. Open as many strategies as you wish — Only triggered strategies will utilise your purchasing https://forexarena.net/ power. Use historical data to analyse how your plan might have fared in the past. With the press of a button, you may modify your plans based on their results. Use the Capitalise.ai app on your iPhone or Android to manage your trades on the fly; edit, halt or automate new trading methods.

Where is FXCM Based?

He has a Masters and Commerce degree and has an active role in the fintech community. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments.

FXCM Alternative Brokers

Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. All financial transactions occur in the secure back office of FXCM, MyFXCM. The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices. FXCM offers a choice of payment methods consisting of Bank wires, Credit/debit, PayPal, Google Pay, Apple Pay, Open Banking, Skrill, Neteller, Klarna, Rapid Transfer, China UnionPay, and Cryptocurrencies. Only the St. Vincent and Grenadines subsidiary supports them all, while other branches offer have fewer options. FXCM caters to most traders from its CFD account type, with the primary difference being by regulatory jurisdiction.

• Just make sure you understand the risks and that results cannot be guaranteed.
• The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital.
• With Live quotes, stock charts and expert trading ideas, you can use TradingView every day and have the ability to execute your demo and live trading with FXCM.
• Partnerships with TradingView, Trading Central, and VPS providers are examples of this.
• We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

What Can You Trade On FXCM?

FXCM has a knowledge section that consists of research or market analysis tools and education. If you prefer to place orders by phone, FXCM offers a trading desk line that can be handy should you experience an interruption in your internet connection. This platform is a worthy alternative to Trade Station and MetaTrader. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. Since 2010, FXCM has received 35 industry awards from well-respected sources. It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients.

That said, there is some room for improvement and the overall educational offering still trails some industry leaders in this category. This technology fxcm broker review searches the markets and generates five distinct sorts of signals. It can scan forex and CFDs using the indicators and periods selected by the user.

FXCM falls under top-tier government regulatory authorities such as FCA, ASIC, and FSCA. In addition to minimal trading costs, the broker offers multiple sophisticated trading platforms. FXCM also offers copy trading and social trading with useful premium addons like VPS service. Multiple payment methods are available, and deposits are processed free of cost. On top of that, FXCM provides high-quality educational and research resources. The broker gives you a nice variety of quick and easy account funding option to choose from, including digital wallets which I find most convenient for moving funds around between my trading accounts.

FXCM list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. FXCM to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn.

The website records spread but the trades and break out made during the off-market hours won’t incur high costs. However, FXCM issues recurrently updated negative and positive slippage statistics to re-establish trust. The learning portal offers an extensive forex education and board tutorials. Customers can register for live courses or listen to the previous recordings. There is a separate video collection that focuses on platform tutorials instead of technical and fundamental education.

As requested, we also tried to reach you via phone call but was not able to get a hold of you. Kindly reply Daniel’s email to discuss about your suitable time to talk and he will definitely ring you back to clarify any doubts from you. We strive to provide the best service possible, and we assure you that the quality will only improve further in the future. Slippage, or the unexpected difference in an exchange rate specified in a stop order or market order, can be either negative or positive. When the trader loses money, slippage is negative, whereas when positive, the trader receives a fill at a better rate than the prevailing market. FXCM’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics.

This may be a very suitable service for the likes of high-frequency trading firms (HTFs), small and medium sized hedge funds, proprietary trading firms (Prop Shops), and small regional and emerging market banks. FXCM is uniquely positioned with this product in the fact that they can actually function as a liquidity provider for other equities including brokers. Tradingview is a third party software which is available through FXCM. The broker does well in providing you with the premium version of the service for one-year for free. The tradingview software is excellent for research and can help you very much in identifying market patterns.

Our partners cannot influence our reviews, nor can they pay us to bias our rankings. Yes, FXCM is regulated by several financial authorities, including the FCA in the UK, ASIC in Australia, the CySEC in Europe, and the FSCA in South Africa. It is regulated by multiple tier-one financial authorities, including the FCA and ASIC, which adds credibility and oversight to its operations. The trading hours for CFDs on stocks, indices and commodities may vary depending on the specific market. For example, indices like the S&P 500 or the FTSE 100 will have trading hours that correspond to the opening hours of the underlying stock exchanges. FXCM (Forex Capital Markets) is a well-established and globally recognized forex and CFD broker.

I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis. They are a global trading broker with offices in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan. The brand also has affiliate offices in Toronto and Tel Aviv, Israel.

FXCM is a legitimate forex broker with a long-standing presence in the industry since 1999 and dozens of industry accolades. Our experts are comfortable that the brokerage is not operating a scam. These amounts are the absolute maximum leverage on offer, but they may vary according to the asset traded, with more volatile assets generally providing lower amounts of leverage. All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but FXCM’s instrument list lacks depth, especially in its range of stocks.