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 fxcm broker review takes the form of articles, videos, and content produced for its FXCM YouTube channel.
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.
Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Some of the top traders use automated strategies to take the human element out of trading. With Trading Station Desktop, automated strategies are added with just a few clicks. Transparency allows for active two-way communication with peers to exchange ideas and thoughts garnering mutual respect and trust with co-workers.
Range of investments
- Explore potent built-in tools such as Real Volume, Market Depth, and Trader Sentiment.
- An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- With offices in over 10 countries, FXCM offers its clients access to the world’s most liquid markets.
- Residents of Ukraine are not eligible to apply for an FXCM live trading account.
- Residents of Syria 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.
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.
Explore Trading Station
With its wide range of available platforms and deep offering of trading tools, FXCM has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, FXCM has plenty of options. In our 2025 Annual Awards, FXCM finished Best in Class for its excellent Platforms and Tools.
Free TradingView Upgrade*for FXCM Clients
We offer many different platforms to suit your trading needs, but we’re particularly proud of our proprietary Trading Station. The MT4 platform does not allow FXCM to include commissions in pre-trade margin calculations on client’s pending orders. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades.
Whether you are a novice trader or a seasoned professional, FXCM has the tools and resources you need to succeed. Join the worldwide community of FXCM traders today and experience the difference that FXCM can make. Our priorities are largely determined by what our clients want to trade and what additional tools they want to integrate to our platform.
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.
- Residents of burundi are not eligible to apply for an FXCM live trading account.
- Upon completing the application you will be provided a username and password.
- 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.
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).
Trading platforms
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.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). FXCM is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies.
Trust score
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.
Does FXCM offer a demo account to practice trading?
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.
For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided. You will then be directed to our secure server to complete the online application. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. An overview of the different kinds of research articles, market analysis, and news on the FXCM website. “I found the ability to select execution type by order to be more favorable than having the execution method separated by account type like FxPro does.”
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.
Yes, based on your detected country of FI, you can open an account with this broker. FXCM is widely recognised as a premier brokerage for both retail and institutional clientele. At FXCM, speed of execution is recognised as being vital for our clients and we are committed to continuously obtaining the best possible outcome for client orders. Our strategy is to continue advancing our brokerage making it easier, quicker, and more fulfilling for all parties who interact with FXCM.