FXCM Customer Reviews and Comments

25 Dec 2023Usovich
My experience with FXCM has been largely positive, primarily due to its robust reliability and strong regulatory framework, especially its licensing in the UK. This factor instills a high level of trust and confidence in their services. Additionally, FXCM offers a commendable range of trading instruments, catering to diverse trading needs and preferences. However, when it comes to copy trading services, FXCM doesn’t quite measure up to the industry leader eToro, nor does it compete effectively with AvaTrade, which impressively provides three distinct copy trading services. This aspect is crucial for traders who prioritize copy trading as a key component of their investment strategy. FXCM’s partnership with ZuluTrade, a well-known social trading platform, is a noteworthy feature. ZuluTrade has built a reputation for its size and credibility in the social trading space. Nevertheless, it’s not without its shortcomings. I've noticed that the filters designed to aid in the search for proficient managers are not particularly effective. This can lead to challenges in selecting the right strategies or traders to follow. Additionally, the fee structure on ZuluTrade is on the higher side, which could be a deterrent for some traders, especially those with smaller account sizes or those who are cost-conscious. While it is certainly feasible to profit from copy trading with FXCM, those seeking more competitive terms and a more refined copy trading experience might find it beneficial to explore other options available in the market. The trading landscape is rich with alternatives that might offer lower fees, better search and filter functionalities, or a more comprehensive range of copy trading services. In conclusion, FXCM stands out for its regulatory compliance and a diverse range of trading instruments. Yet, for traders whose focus leans heavily towards copy trading, weighing other market options could lead to more favorable terms and a better overall trading experience.

20 Dec 2023Farkhad
I recently copy trading with FXCM, and I wanted to share my experience regarding the minimum deposit requirements. On FXCM's platform, the formal minimum deposit to start copying traders is just $50, which initially sounded quite affordable and accessible. However, I quickly discovered that there's more to it than meets the eye. If you want to have a genuinely successful and stress-free experience with FXCM's copy trading, I would strongly recommend having at least $1,000 to $2,000 in your trading account. Allow me to explain why this is essential. One of the primary reasons for this higher initial deposit recommendation is to steer clear of margin-related issues. When you copy traders, you essentially replicate their positions in your account. If the copied trader uses significant leverage or takes on high-risk positions, it can lead to margin calls and substantial losses. With a more substantial balance, you have a cushion to absorb these fluctuations without the constant worry of getting margin-called. Another crucial aspect is the selection of a competent trading manager. While FXCM offers a variety of traders to copy, finding one with a consistent and profitable track record can be challenging. Managers who demonstrate consistent success often have higher minimum investment requirements. With a larger initial deposit, you have access to a more extensive pool of experienced traders, increasing your chances of finding a capable manager. Regrettably, I didn't have this information when I started copy trading on FXCM with my GBP 500 deposit. It was an unpleasant surprise when I realized that my options were limited, and the available managers did not inspire confidence. With my smaller balance, I felt constrained in my choices and exposed to unnecessary risks. In conclusion, while FXCM technically allows you to start copy trading with just $50, I would strongly advise aspiring copy traders to consider a more substantial deposit, ideally between $1,000 and $2,000. This will enable you to avoid excessive margin usage, provide a buffer against potential losses, and increase your chances of partnering with a capable and reliable trading manager. My experience has shown that having a more substantial balance can significantly enhance your copy trading journey and potentially lead to more favorable outcomes.

17 Dec 2023Ken S.
FXCM stands out for its reliability and UK licensing, offering a solid range of trading instruments. However, when it comes to copy trading services, it's observed to be less competitive than eToro or AvaTrade, which provide more diverse options. While FXCM partners with ZuluTrade, a reputable social trading platform, users have noted some shortcomings like inefficient manager search filters and high fees. Therefore, although profitable trade copying is possible with FXCM, traders seeking more favorable terms might explore other market alternatives for a more comprehensive and cost-effective copy trading experience.

11 Dec 2023Kate D.
In the realm of forex trading, where the choice of a broker can significantly impact your trading journey, FXCM stands out as a beacon of reliability and professionalism. My experience with FXCM has been nothing short of reassuring, marked by a consistent level of service and operational excellence. This detailed review aims to provide an in-depth analysis of FXCM's services, drawing from my personal interactions and overall satisfaction with their platform. Throughout my tenure with FXCM, the platform has demonstrated an unwavering commitment to operational reliability. This consistency is crucial in the fast-paced world of forex trading, where market dynamics change rapidly, and the ability to rely on your broker's stability is paramount. One of the most notable aspects of my experience with FXCM has been the absence of significant operational issues. This smooth functioning has contributed immensely to a hassle-free trading environment, allowing me to focus on my trading strategies without worrying about backend problems. FXCM excels in facilitating fast payouts, a critical aspect for any trader prioritizing liquidity and financial planning. The efficiency and promptness of their transaction processing have instilled a sense of trust and reliability, ensuring that financial operations are handled with utmost professionalism. The trading platform provided by FXCM stands out for its user-friendly interface and robust functionality. It caters to both novice and experienced traders, offering a range of tools and features that enhance the trading experience. The platform's design balances simplicity with advanced capabilities, making it an ideal choice for diverse trading styles and strategies. My relationship with FXCM has been profoundly satisfying. The broker has consistently met and often exceeded my expectations, providing a trading environment that is both stable and conducive to growth. This satisfaction has fostered a strong sense of loyalty, making the thought of switching to another broker unnecessary. My experience with FXCM has solidified my decision to continue this partnership. Their commitment to maintaining high standards of service and customer support aligns perfectly with my needs as a trader. This harmonious relationship underscores the importance of a reliable broker in the journey of forex trading. FXCM stands as a reliable and professional choice in the forex trading industry. Their operational consistency, fast payouts, user-friendly platform, and dedication to customer satisfaction have made my trading experience exceptionally positive. For traders seeking a dependable broker that combines efficiency with a strong customer focus, FXCM is undoubtedly a commendable choice. Their ability to provide a stable and supportive trading environment cements their status as a preferred partner for many in the trading community.

28 Nov 2023trradderr
FXCM has positioned itself as a broker offering favorable trading conditions, appealing to a wide range of traders. The platform is distinguished by its user-friendly and straightforward trading terminals, which facilitate a seamless trading experience for both novice and experienced traders. The design and layout of the website are commendably simple, devoid of clutter, and efficient in guiding users through various sections. However, my experience with FXCM has not been without its challenges. A notable concern arises during periods of high market volatility, particularly around news releases. During these times, it becomes increasingly difficult to open trades due to frequent requotes. This necessitates a reliance on limit orders to execute trades, which, while a workaround, is not ideal and can be a point of frustration. Despite these hurdles, my overall assessment of FXCM remains positive. I regard them as a competent broker that can suit a variety of trading needs. Their dedication to providing a streamlined and uncluttered trading environment is commendable and contributes significantly to the overall trading experience. The account registration process at FXCM, while time-consuming, reflects the broker's commitment to thorough due diligence and verification of its traders. This rigorous process, although potentially daunting for some, is a testament to FXCM's adherence to regulatory standards and its commitment to maintaining a secure trading environment. FXCM’s customer support is noteworthy for its constant availability, ensuring that traders have access to assistance whenever needed. However, the competence of the support operators can vary, which sometimes results in mixed experiences when seeking help. Nonetheless, the effort made by the support team to address and resolve issues is apparent and adds to the reliability of the broker. In conclusion, FXCM emerges as a viable option for traders looking for a broker that combines user-friendly interfaces with a commitment to regulatory compliance. While certain technical challenges and variability in customer support competence are areas for improvement, these do not overshadow the overall positive aspects of the platform. FXCM's dedication to creating a straightforward and effective trading environment makes it a broker worth considering for those venturing into the world of trading.

17 Nov 2023Leo
My journey with FXCM has been a blend of highs and lows. The overall quality of service is commendable, with an intuitive platform and a variety of trading tools that cater well to both beginners and experienced traders. The speed of funds withdrawal is satisfactory, though not the fastest I've encountered. Customer support is generally reliable but can vary in response time during peak hours. The availability of diverse trading tools and platforms like MetaTrader4 and NinjaTrader is a plus, providing flexibility in trading styles. Commissions and fees are reasonable, though there are brokers with more competitive rates. The reliability and strong regulation of FXCM instill confidence, but I recommend traders to stay informed about the regulations applicable to their trading activities. The order execution is generally quick, but like any online trading platform, it can be subject to market conditions. Transparency in operations and the provision of detailed analysis tools are significant advantages. The trading platform's stability is mostly consistent, but I have experienced occasional glitches during volatile market periods. The partnership program and the variety of tradeable assets are adequate, catering to most trading preferences. Overall, FXCM provides a solid trading experience with a few areas for improvement. It’s a good choice for traders who prioritize a mix of reliable trading tools, educational resources, and a secure trading environment.

15 Nov 2023Umid E.
As an experienced trader with FXCM, I've found their services to be exceptionally robust, especially in the realm of forex trading. The quality of service offered by FXCM is top-tier, marked by a customer-centric approach and adherence to strict financial standards. The ease of funds withdrawal is commendable, with transactions processed efficiently, providing a seamless trading experience. FXCM's customer support is a standout feature. Available 24/5 and in multiple languages, their team has been consistently responsive and helpful, addressing my queries promptly. The platform's trading tools are innovative and user-friendly, offering features like one-click order execution and real-time chart trading, which have significantly enhanced my trading decisions. However, the commissions and fees, while competitive, could be a consideration for traders looking for the lowest possible trading costs. FXCM's reliability and regulation under multiple financial authorities give a sense of security, though it's essential to understand the regulatory framework specific to your region. Order execution with FXCM is swift and reliable, and the transparency in their operations is reassuring. The availability of various analysis tools and educational resources is a boon for both novice and experienced traders, aiding in informed trading. The stability of the FXCM trading platform is noteworthy, offering uninterrupted trading sessions. While the partnership program and the range of tradeable assets are quite extensive, they may not cover all niche market interests. In conclusion, FXCM offers a comprehensive and secure trading environment, particularly suitable for those valuing a mix of robust trading tools, ed

10 Nov 2023Leo
My longstanding association with FXCM has been characterized by consistent satisfaction with the trading conditions they offer. What particularly stands out is their frequent promotional campaigns featuring reduced commissions, providing not only financial benefits but also contributing to an overall positive trading atmosphere. These promotions have become more than just occasional perks; they consistently elevate my trading experience and foster a favorable mood. The stability of the connection to the FXCM platform is noteworthy, and its reliability in avoiding freezes is a testament to the broker's commitment to providing a seamless trading environment. Such technical stability is vital in ensuring uninterrupted trading sessions and is a contributing factor to my enduring satisfaction with FXCM. The efficiency of withdrawing profits to electronic payment systems further enhances the overall user experience. The process is consistently swift and devoid of any unexpected obstacles, demonstrating FXCM's commitment to streamlining financial transactions for its clients. One of the standout features of trading with FXCM is the commendable order execution, characterized by the absence of requotes and slippage. This reliability in execution significantly contributes to the trust and confidence I place in FXCM as my chosen broker. It is heartening to observe FXCM's dedication to continuous improvement in services and trading conditions. The recent reduction in fees is a welcome surprise and a clear indication of the company's responsiveness to market dynamics. This commitment to enhancing the value proposition for traders is a distinguishing trait that sets FXCM apart in the competitive landscape. What truly resonates with me is FXCM's evident concern for its clients. This ethos of prioritizing customer welfare fosters a sense of loyalty and trust. I am optimistic about a continued long-term association with FXCM, confident that their ongoing commitment to improvement and client satisfaction will only strengthen our partnership in the dynamic world of trading.

20 Sep 2023Udo D.
In my experience, FXCM has proven itself to be a reliable Forex broker, offering a user-friendly platform for navigating the complexities of the foreign exchange market. However, while it boasts several commendable aspects, there are areas where it falls short compared to other brokers. Here's a detailed assessment. Accessibility and User-Friendly Interface: One of FXCM's strengths lies in its accessible and intuitive trading platform. The interface is thoughtfully designed, making it easy for traders to swiftly establish and monitor positions. This user-friendliness is especially beneficial for those who are new to the world of Forex trading. Instrument Selection and Spread Considerations: However, it's worth noting that FXCM may lag behind some competitors in terms of its array of trading instruments. If you're looking for an extensive range of trading options, you might find that FXCM falls short in comparison. Additionally, it's essential to be aware that spreads on certain currency pairs can be on the higher side, potentially impacting your trading costs. Support Team Responsiveness: Another aspect to consider is the responsiveness of FXCM's support team. While they generally maintain a good reputation for customer service, there have been instances of delayed responses. This might pose an inconvenience, especially during critical trading situations when timely assistance is paramount. The Verdict: A Decent Broker, But Not Ideal for All: In conclusion, FXCM is a trustworthy broker with a respectable reputation in the Forex market. Its platform's ease of use makes it an attractive choice for beginners seeking a hassle-free trading experience. However, it's essential to be mindful of its limitations, including a somewhat limited selection of instruments and the potential for higher spreads. For experienced traders, particularly those who require a broader range of trading options and highly responsive support, there may be better-suited alternatives. FXCM caters to a specific niche of traders and might not be the optimal choice for everyone. Careful consideration of your trading needs and priorities is advised before making a decision.

19 Sep 2023felix
In my extensive experience with FXCM, I have found this brokerage to offer outstanding trading conditions, particularly when it comes to its trading platform. Let me delve deeper into what sets FXCM apart. Trading Platform Excellence: FXCM excels in providing a top-notch trading platform that enhances the trading experience. One of its standout features is the lightning-fast execution of trades. This ensures that you can open positions at precisely the desired price, a crucial aspect of successful trading. Efficient Trade Closures: Closing trades at predetermined take profit or stop loss levels is another area where FXCM shines. The minimal slippage during trade closure is a testament to the platform's reliability. While it's worth noting that slippage can occasionally occur during rapid market movements, it's relatively minor and doesn't significantly impact overall performance. A Strong Recommendation: Based on my extensive experience, I wholeheartedly recommend considering FXCM for your trading endeavors. It's undoubtedly worth exploring the possibilities that FXCM offers, and there aren't many companies in the industry that maintain such a consistently high rating. This reputation is not only backed by my personal experience but is also corroborated by numerous traders who have found success on this platform. Long-Term Reliability: My own journey with FXCM spans nearly five years, during which I've witnessed firsthand that it is indeed possible to generate substantial earnings and withdraw them seamlessly. This long-term reliability is a significant advantage for traders seeking a stable and reputable brokerage. In conclusion, FXCM stands out as an exceptional choice for traders looking to elevate their trading experience. With its superior trading platform, efficient trade execution, and a track record of reliability, FXCM has earned its place among the top-tier brokerages in the industry. Whether you're a seasoned trader or just starting, FXCM offers a compelling proposition for achieving your financial goals.

8 Sep 2023Umid
My experience with FXCM has been exemplary, rooted in its two-decade-long legacy in the forex trading domain. Their commitment to providing innovative trading tools and pertinent market news showcases their dedication to offering unparalleled trading service quality. One of FXCM's commendable attributes is the efficiency of their funds withdrawal system. Seamlessly integrating with a variety of payment systems, FXCM ensures prompt and hassle-free transactions, be it depositing funds or withdrawing profits. FXCM's multilingual support team stands out in its responsiveness and efficiency. Operating 24/7, the team has consistently addressed my queries, ensuring a smooth trading experience. The suite of tools that FXCM offers, combined with additional services like trading analytics and API trading, is comprehensive. This rich arsenal of resources enhances the trading experience, particularly when navigating the unpredictable waters of forex trading. FXCM's transparent structure with spreads on major currency pairs is competitive, typically ranging from 1.3 to 1.5. While the minimum deposit of £300 may seem steep for beginners, the quality of service offered justifies the investment. Being regulated by several globally recognized financial regulators such as FCA, ASIC, and SFC underscores FXCM's commitment to maintaining trading standards. This widespread regulation provides a sense of reliability and trust in their operations. With features like mobile trading and one-click order execution, FXCM stands tall in ensuring smooth transactions. Trading from real-time charts further boosts transparency, allowing traders to make informed decisions. Offering a multitude of platforms, including FXCM Trading Station (Desktop/Web/Mobile) and MetaTrader4, FXCM ensures stable trading experiences. Additionally, the plethora of analytical tools and apps furthers a trader's ability to navigate the markets strategically. While specific details about FXCM’s partnership programs aren't mentioned, their expansive network and suite of services suggest a comprehensive approach, ensuring mutual growth and benefits. FXCM’s versatility is evident in its offering of indices, commodities, treasuries, and forex. The integration of CFD products, coupled with the ability to trade commodities like oil and gold on a unified platform, further accentuates the broker's commitment to providing diverse trading opportunities.

4 Sep 2023Carla
Trading with FXCM has been an enriching experience. Their longstanding presence in the market since 1999 speaks volumes about their commitment to traders. With a plethora of platforms and a focus on education, FXCM prioritizes both new and seasoned traders' needs. The diversity in payment methods, ranging from EFT & Bank Wire to Skrill, ensures efficient funds transfer. My withdrawals have been smooth, with transactions reflecting in a timely manner, fostering trust in their systems. With a dedicated 24-hour support system and a free phone service, FXCM has consistently addressed my issues promptly. Their multilingual support caters to a global clientele, facilitating effective communication. FXCM's arsenal of trading platforms, from their proprietary Trading Station to the renowned MetaTrader4, offers tools tailored for every trading style. Their emphasis on expert advisors and automated trading makes decision-making more streamlined. FXCM operates on a variable spread type, with competitive pip spreads on major currencies averaging between 1.3-1.5. The clarity in their fee structure ensures that traders are well-informed about potential costs. Regulated by multiple esteemed entities like the FCA and ASIC, FXCM’s operations exude reliability. Their dual focus on regulatory compliance and trader satisfaction has bolstered their standing in the forex community. FXCM's commitment to transparency is evident in their detailed trading information. The five-digit precision in quotes ensures accurate order executions, eliminating potential ambiguities. The stability of FXCM's platforms, combined with their comprehensive suite of analysis tools, empowers traders to make well-informed decisions. Whether using FXCM Active Trader or ZuluTrade, the experience remains consistent and glitch-free. While specifics about the partnership programs weren't detailed, the inclusion suggests potential collaborative opportunities for traders, fostering community growth and mutual benefits. FXCM offers a broad spectrum of tradeable assets, from commodities to treasuries. Their diverse asset portfolio, complemented by their multiple account currency options, makes them a versatile broker for traders with varied interests and strategies.

24 Aug 2023Gabriel
Outstanding broker firm. There are many opportunities to make money and services are really pleasant. They've got responsive chat support, a grateful person answering my questions. I am please with their customer service. Good in all aspects. Services are always efficient, signals are profitable and withdrawal is fast. I am fully satisfied with this broker's service. There are so many good reasons to keep the services. One of which is getting a really profitable trading signal.

18 Aug 2023Dakota
Trading with FXCM has been a generally seamless experience. The order execution is swift, and their platform is very stable. However, I hope they could improve their customer support response time during peak hours. FXCM offers an extensive range of analysis tools that align well with my trading style. Their transparency in commissions is commendable. But, the withdrawal process can be a tad more efficient, especially for larger amounts. I value the quality of service at FXCM. Their platform rarely glitches, even during high-volatility periods. The only hiccup I've faced is the occasional delay in funds withdrawal, but it's not a deal-breaker for me. With FXCM, order execution has been precise, ensuring my strategies work as planned. Their regulation and transparency give me peace of mind. I just wish their customer support was more proactive.

18 Aug 2023Chris
As someone new to forex, FXCM's educational content has been a lifesaver. The platform is user-friendly, and their trading tools are quite intuitive. I did face a slight delay in my first withdrawal, but their support team was very helpful. I appreciate FXCM's commitment to regulatory standards, ensuring a safe trading environment. The platform stability is excellent, but I believe they can offer more advanced customization options in their analysis tools. FXCM offers tight spreads, and their order execution is impeccable. The platform's stability is commendable. I do hope they can expand their range of assets in the future.

18 Aug 2023Avery
My experience with FXCM has been mostly positive. Their service quality is consistent, and I've rarely faced any downtime on their platform. The customer support, however, could be a bit more responsive. I've been trading with FXCM for years now. Their transparency in all dealings and rigorous adherence to regulations is very reassuring. Their analysis tools are comprehensive, but there's always room for innovation. FXCM's platform is reliable and offers a plethora of tools for analysis. The trading fees are transparent, and the order execution has rarely let me down. I've had minor issues, but their customer support is generally efficient.

11 Aug 2023Caitlyn
FXCM offers an attractive trading experience with its diverse asset selection, competitive spreads, regulatory oversight, and variety of trading platforms. Traders should be mindful of the minimum deposit requirement and leverage considerations while leveraging the bonuses and promotions offered. Ultimately, FXCM's commitment to regulatory compliance and trader-friendly features makes it a strong contender in the forex market.

8 Aug 2023Pieter Lubbe
Worst of the worts! Trying to get my document reviewed for ages! No service at all. The wosrt service I have received from any bank, service provider or business!. They pathetic, Useless, Unproffesional.

5 Aug 2023Otto S.
This is a good trading company. They are professional and they never fail to pay profit on time. Good broker to trade forex. They are intensively experienced in the forex market. Signals are good are services are reliable. I have few trades with this broker and so far I had a good trading experience. Services are good and withdrawals are smooth and easy. Profitable deals, too.

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FXCM

FXCM stands as a pioneering force in the world of online foreign exchange (FX) trading, CFD trading, spread betting, and associated services. With a history dating back to 1999, FXCM has steadfastly committed itself to providing global traders with unparalleled access to the vast and highly liquid FX market. At its core, FXCM's mission revolves around offering innovative trading tools, enlisting top-notch trading educators, adhering to rigorous financial standards, and tirelessly...

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