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FXCM

FXCM Forex Capital Markets, LLC
Status Recommended broker
License CFTC in the US (NFA Member# 0308179) FSA in the UK (Firm registration #217689) ASIC in Australia (AFSL #309763) SFC in Honk Kong (SFC CE #AIM232) CONSOB in Italy (#76) Authorized in Germany by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin #122556)
Trading software FXCM Trading Station Desktop, FXCM Trading Station Mobile, FXCM Active Trader, FXCM Trading Station Web, Mirror Trader, MetaTrader4
Trading conditions Min. deposit standard: $2,000
Min. deposit micro: $50
Leverage: Maximum Approximately 50 to 1
Free trial: Yes
Pip Spread on Majors: 2.5-3.5
No Commissions
Address 55 Water St. FL 50, New York, NY 10041 Phone: +1 212 897 7660 Fax: +1 888 50 FOREX (36739) E-mail: info@fxcm.com

About the Company:  FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.

At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

* Leverage is a double-edged sword, and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.
** FXCM is compensated by a mark-up, which is automatically added to the spreads it receives from its liquidity providers, FXCM may also receive compensation for order flow from its liquidity providers. FXCM does not charge commissions on standard accounts, however, commission charges may apply for certain classes of non-standard accounts such as Active Trader.

† Maintain a $5,000 balance on your MT4 account, and the VPS is yours at no cost. If you do not meet this requirement, a fee of $30 may be debited from any of your FXCM account(s) to cover the VPS cost.
FXCM Inc., a publicly traded company listed on the New York Stock Exchange (NYSE: FXCM), is a holding company and its sole asset is a controlling equity interest in FXCM Holdings, LLC. Forex Capital Markets, LLC ("FXCM LLC") is a direct operating subsidiary of FXCM Holdings, LLC. All references on this site to "FXCM" refer to FXCM Inc. and its consolidated subsidiaries, including FXCM Holdings, LLC and Forex Capital Markets, LLC.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

Country: United States of America
Other offices countries: USA, UK, Germany, France, Greece, Italy, Hong Kong, Australia, Chile, Japan, Tel-Aviv, Lebanon, International Offices
Client base: Retail and Institutional
Business Nature: Broker, No Dealing Desk Execution (Forex)

Accounts:
Leverage: Maximum Approximately 50 to 1*
Pip spread on majors: EUR/USD: Variable, typical 2.6
GBP/USD: Variable, typical 3.1
USD/JPY: Variable, typical 2.4
USD/CHF: Variable, typical 3.3
AUD/USD: Variable, typical 2.7
EUR/CHF: Variable, typical 3.8
EUR/GBP: Variable, typical 2.9
USD/CAD: Variable, typical 3.4
Commissions description: No Commissions**
Fractional pip pricing: Yes
Mobile trading: Yes
Free demo account: Yes
URL Open Demo account: http://www.fxcm.com/free-forex-trading-demo.jsp
Duration: The free practice account is live for 30 days, and then automatically expires.
Description: Free Practice Trading Account
Demo Regular Account Size: 50,000 USD
Regular Account: Yes
URL Open Real account: http://www.fxcm.com/open-forex-account.jsp
Minimum account size for Regular Account: $2,000
Micro Account: Yes
Accounts denominated in non-USD currencies: EUR, GBP, CAD, NZD, CHF, AUD, YEN (200,000)
Segregated Accounts: Yes
Payment methods: Credit Card, Debit Card, Bank Wire, Paper Check, ACH
Services: FXCM representatives are available 24 hours a day, 7 days a week
24 Hour trading: Monday Through Friday
Hedging Facilities: No
Order Types: Market Order, Close Order, Entry Order, Stop Order, Limit Order, OCO Order
FIFO Rule: Yes
Scalping: Yes
Scalping Policy: N/A
Swap Free Accounts (Shariah Law): N/A
PAMM: Yes
PAMM description: N/A

  • The FXCM Practice Account provides unlimited Live Quotes and Real-Time Charts.
  • You can test and evaluate trading strategies with no risk.
  • You can access FXCM’s Clients Services staff 24 hours, 7days a week, 365 days a year.
  • Live Buy/Sell Prices
  • $50,000 in Practice Money
  • Get FXCM’s New to Forex Trading Guide with Practice Account

Platforms:
FXCM Trading Station Desktop
The Forex Trading Station Desktop is our proprietary flagship technology platform, also named FX Week's "Best Retail Trading Platform" for 2009 and 2010. Trading Station Desktop combines power and functionality and is accessible through a user-friendly interface. A Windows-based platform with a wide variety of customization options for users to choose from, including a choice of sixteen languages.

  • No Dealing Desk Forex Execution
  • Fractional pricing—in one-tenth of a pip
  • 24-hour tight bid and ask spreads
  • Live streaming prices for more than 24 currency pairs
  • Trade from Charts, One-Click Trading, and Customization
  • +600 Custom Indicators and automated Trading
  • Platform now available on iPad and Android tablets

Trading from charts: Yes
EA Compatibility No Restrictions
Platform Video Tour http://www.fxcm.com/forex-software-preview.jsp

FXCM Trading Station Mobile
The Trading Station Mobile Platform is available for iPhone, BlackBerry, Android, and Windows Mobile.

  • VIEW LIVE STREAMING RATES-View live streaming rates and spreads on-the-go.
  • PLACE MARKET AND ENTRY ORDERS-Place market and entry orders with only a few clicks.
  • MANAGE LIVE TRADES AND ORDERS-View real-time P/L. Close all or a portion of live trades.
  • MONITOR BALANCE AND MARGIN LEVELS-View balance, equity and margin levels—all on one screen.
  • ACCESS AND ANALYZE CHARTS, NEWS AND REPORTS-Streaming news and real-time charts provide actionable trading information.

Trading from Charts Yes
EA Compatibility No Restrictions
Platform Video Tour Yes
Platform Video Tour URL: http://www.youtube.com/user/ForexCapitalMarkets#p/u/59/nbQef1AOe2s

FXCM Active Trader
Active Trader provides a three-dimensional market view: Price, Available Liquidity, and Market Depth. Active Trader gives you the same type of view as a market maker.

  • Minimum: $50,000 deposit OR trade more than 10M per month in notional volume
  • Up to 10 levels of market depth
  • View Available Liquidity at Each Price Level
  • One-Click Market Orders with the option to pre-set stops/limits
  • Ideal for scalping and short-term trading

Trading from charts: Yes
EA Compatibility: No Restrictions
Platform Video Tour: Yes
Platform Video Tour URL: http://blip.tv/fxcm/fxcm-active-trader-platform-tour-4023679

FXCM Trading Station Web
Trading Station Web is an online forex trading platform designed to offer similar features and a similar trading experience to FXCM's award winning desktop platform, Trading Station Desktop. Can now be used with any Trading Station account login.

  • No Downloading or Installation Required
  • Works on Mac computers
  • Accessible from behind most personal and corporate firewalls
  • Trade Directly From Charts
  • No Dealing Desk Forex Execution

Trading from charts: Yes
EA Compatibility: No Restrictions
Platform Video Tour: N/A
Platform Video Tour URL: http://www.fxcm.com/web-based-forex-platform.jsp

Mirror Trader

  • Remove the Emotion and Guesswork from Trading
  • Create a Customized Portfolio from over 40 Back-Tested Systems
  • Automate Your Trading to Capture Opportunities 24 Hours a Day
  • Web-Based Automated Trading Platform—View Performance Anywhere

Trading from charts: Yes
EA Compatibility: No Restrictions
Platform Video Tour: Yes
Platform Video Tour URL: http://blip.tv/fxcm/forex-system-selector-4085965

MetaTrader4
FXCM MT4 platform is integrated seamlessly with our No Dealing Desk Forex execution. No 3rd party bridges and no auto account syncs. We offer more features to enhance your MetaTrader 4 trading experience.

  • Accepting All EAs, including Scalping EAs
  • FREE VPS Hosting†: Have your trade robot capture trading opportunities 24 per day.
  • Programming Services unit to build EAs on demand and support EA developers
  • FXCM App Store professional developed trading apps for MT4

Trading from charts: Yes
EA Compatibility: No Restrictions
Platform Video Tour: Yes
Platform Video Tour URL: http://www.fxcm.com/metatrader.jsp

Support
FreePhone: +1 212 897 7660
Fax: 1 888 50 FOREX (36739)
E-mail: info@fxcm.com
E-mail average response time: 30 Minutes
Live chat: Yes
Live Chat Links: (Max. 4 links) Customer Service: http://www.fxcm.com/faq.jsp
Forex Sales: http://www.fxcm.com/client-update-center.jsp
Technical Support: http://www.fxcm.com/contact-fxcm.jsp
Languages: English, Spanish, French, German, Russian, Arabic, Korean, Chinese, Portuguese, Italian, Scandinavian, Turkish, Greek
Dealing Desk Support: Yes
Dealing Desk Support Hours: Sunday 5:15 ET to Friday 4:55:pm ET
Technical Support: Yes
Tech Support Hours: 24/7
FAQ Yes

Extra services
Educational Programs: FXCM offers educational Forex Videos, Webinars and Seminars to learn the forex market and how you can trade it like a professional. For more information, visit www.fxcm.com
Educational Programs Description: Free Live Webinars
FXCM LLC offers all possible resources to become a better trader and improve your trading strategies. Over 15 hours of live instructors help.

  • Graphical analysis of many pairs of currencies, indices and commodities
  • Learn how to identify support and resistance levels in real time.
  • Learn how to identify trade set ups based on SSI real time.
  • Each session is led by an analyst and followed by questions/answers with the public.

Live FXCM Currency Trading Expo

  • Beginner and Advanced Workshops Tracks
  • Free Forex Educational Workshops
  • Special Workshop Series and Guest Speakers

DailyFX Forum

  • Interact with other traders and discuss the market
  • Share what you're learning with the trading community
  • Post questions and receive answers from the DailyFX staff.

DailyFX+ Trading Course

  • Learn to Read Charts and Time the Market
  • Learn to Identify Trends
  • Identify important Political/Economic Events
  • 60 Video Lessons for you to choose from
  • Over 15 Hours of Live Instructor Help Webinars each week
  • Community Forums to get feedback, ask questions, and share what you're learning
  • Optional Homework Assignments to test your knowledge and understanding

 New to Forex Guide

  • Learn how to trade Forex and the top elements you need to become a Forex trader.

Educational Programs link: http://www.fxcm.com/forex-trading-course.jsp
News service: Yes , DailyFX.com
Research: Yes, DailyFX.com
Awards: Yes, http://www.fxcm.com/awards.jsp

Actualization date31 March 2012
Participation in the rating
Foundation1999
Regulated byCFTC in the US (NFA Member# 0308179) FSA in the UK (Firm registration #217689) ASIC in Australia (AFSL #309763) SFC in Honk Kong (SFC CE #AIM232) CONSOB in Italy (#76) Authorized in Germany by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaF
PlatformsFXCM Trading Station Desktop, FXCM Trading Station Mobile, FXCM Active Trader, FXCM Trading Station Web, Mirror Trader, MetaTrader4
LanguagesEnglish, Spanish, French, German, Russian, Arabic, Korean, Chinese, Portuguese, Italian, Scandinavian, Turkish, Greek
Other instrumentsStocks, Metals, Oil
Payment methodsCredit Card, Debit Card, Bank Wire, Paper Check, ACH
Mini account$50
Standard account$2000
LeverageMaximum Approximately 50 to 1
Pip spread on majors2.5-3.5
CommissionsNo Commissions
24 hour trading
Demo account$50,000
24 hour support
Free phone+1 212 897 7660
Mobile forex trading
1st deposit bonusNo
Forex contests, competitionsmonthly
Free forex education
Headquarters55 Water St. FL 50, New York, NY 10041
WWWhttp://www.fxcm.com/
Interest charges on the balanceNo
Partnership programs
 

Latest forex broker news

16 May 2012   FXCM
FXCM Launches App Store for Traders
FXCM Inc., (NYSE: FXCM) announced today that is has fully launched its forex trading app store—FXCM Apps. A unique offering in the retail forex industry, FXCM presents custom applications for the FXCM Trading Station and MT4 platforms...
11 May 2012   FXCM
DIF Broker to White Label FXCM’s MT4 Platform Offering
FXCM Inc. (NYSE: FXCM), a leading online provider of foreign exchange trading and related services worldwide and DIF Broker, a leading independent online financial broker, announced that DIF Broker will white label FXCM's MetaTrader 4 (MT4) platform starting this May...
10 May 2012   FXCM
FXCM Inc. Announces First Quarter 2012 Results Releases April 2012 Operating Metrics
FXCM Inc. (NYSE: FXCM), a leading online provider of foreign exchange, or FX, trading and related services, today announced for the quarter ended March 31, 2012, revenues under US GAAP of $102.6 million, compared to $94.6 million for the quarter ended March 31, 2011, an increase of 8%...
4 May 2012   FXCM
FXCM Sponsored Its First University Currency Trading Contest This Semester
FXCM Inc. (NYSE:FXCM) and Texas A&M University partnered to bring the 1st Annual University Currency Trading Contest. Joining Texas A&M University were West Texas A&M University and Baruch College. The grand prize awarded by FXCM to the winning college student Bryce Moody of Texas A&M was a $10,000 tuition scholarship...
2 May 2012   FXCM
FXCM Inc. Announces First Quarter 2012 Earnings Conference Call
FXCM Inc., (NYSE:FXCM) an online provider of forex trading and related services worldwide, announced that it will report its 2012 first quarter financial results before the opening of the U.S. financial markets on Wednesday, May 9, 2012...

Latest comments

15 December 2011   Mike Answer this comment   FXCM Add new comment for FXCM
I transferred funds from my U.S. account to another country. Almost three weeks later and they are still not there. Rang fxcm and the phone rang off the hook for minutes. Worried about my money. They say they have mistaken my account number. Think I will close the account.
15 September 2011   sylvester Answer this comment   FXCM Add new comment for FXCM
Fxcm is easy to use. Since last year i trade, no problem with system.
15 August 2011   fekingpissedoff Answer this comment   FXCM Add new comment for FXCM
This whole FX market is a magnificently tragic disaster if you are a US trader. Dodd Frank killed our ability to use competitive leading foreign brokers, for added misery they then killed our ability to trade precious metals...at home (I am not an ECP, and no one I know is either). Well at least the miserable choice of brokers we were left with included 1 or 2 seemingly reputable ones. Now we read that the biggest US broker has been screwing its own folk with slippage for god knows how long...and fined $2 million by the NFA for doing so. Thank you FXCM!
8 August 2011   Giovanni Answer this comment   FXCM Add new comment for FXCM
When you have a good gain on MT4 they cancel it by a " auto account sync" and tell you " your trade did not work" you have to check your trades also on trade station.
It is a good broker if you like.... surprises
23 February 2011   max Answer this comment   FXCM Add new comment for FXCM
If you want to lose your money go with them. You're gona have plenty of disconnections on the platform and sometime just before the week end without having the possibility to close your position with the hot line. Repeated disconnections and important slowing down on the platform or false error messages won't let you close your trade with profit but with huge loss! Sometime your trades won't be taking into your account and after a disconnection you will find your account with a huge position. I just lost all my money with them and I really hope they're gona pay for all the tricky and dirty things they did, false trades and manipulation of price to put the position on margin call and close it.






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