FXCM

FXCM Overview

Forex Capital Markets (FXCM) is a renowned online brokerage that provides forex, CFDs and spread betting over the internet. The company was established in 1999 with the aim to give access to market through the use of new tools and top trading conditions.

FXCM is a world-wide trading broker that has locations situated in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan. FXCM also has affiliated office located in Toronto in Canada and Tel Aviv, Israel.

FXCM Regulation

FXCM South Africa (PTY) LTD is a regulated Financial Services Provider, and is licensed by the Financial Sector Conduct Authority (FSCA) under FSP No. 46534.

FXCM Australia Pty. Limited is licensed through the Australian Securities and Investments Commission (ASIC). The Australian Financial Services License Number is 309763.

Forex Capital Markets Limited is licensed and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. The Registration Number is 217689.

FXCM Countries

FXCM is not able to provide services to citizens of the USA, Ukraine, Turkey, Russia, Iran and various other countries. Certain FXCM products and features that are mentioned in this FXCM review might not be accessible for traders in certain nations due to the legal restrictions.

FXCM Platforms

Trading Station

This is FXCM’s own platform to trade foreign exchange and CFDs. It is robust, user-friendly and packed with tools that are essential to traders. It’s available in the following ways:

• The Trading Station Web 2.0 The platform was designed on HTML5 and runs in all web browsers on every operating system. It’s optimized to be viewed on any screen. The platform is accessible through on the FXCM website.
• Trade Station Mobile It is the mobile version of the platform.
• Trade Station Desktop: This is the main platform which can be downloaded and installed on a Windows computer.

Here are a few of the capabilities offered by trading station. Trading Station platform

• Chart customizations that span multiple timeframes.
• Analyzing the results using different indicators.
• Trading with Charts.
• Price alerts for monitoring your favorite instruments.
• Automates the strategy.
• Directly from the trading analytics directly from the platform
• The economic calendar and news are included in the platform.

FXCM Trading Tools

MT4 Virtual Private Server (VPS)

It is accessible to any client who wants to trade on MT4. The Virtual Private Server (VPS) is crucial for traders who use complex trading systems as well as Expert Advisors (EAs) which require constant connectivity without having the trading platform to run on their own computer. The VPS is free to traders who have traded more than 500K per month over the past 3 months. The subscription fee will be $30 per month. FXCM has joined forces with two of the most reputable VPS providers to provide this service to clients. They are ‘Beeksfx.com as well as ‘Fxcolo.com’.

ZuluTrade

It is accessible to UK customers. ZuluTrade is the most popular social trading platform across the world of today. Customers who are interested can sign up to the ZuluTrade platform, where they are able to pick from various signal providers and replicate their transactions.

Market News

The market news for the world is updated frequently throughout the daily. It provides the most recent information and news about the economic activity of different nations. It also covers foreign exchange as well as other markets for financial transactions.

Economic Calendar

The FXCM economic calendar lists world economic events that affect the price of trading instruments. You can look up events and then compare the analyst consensus to prior records. The calendar also offers trading ideas.

FXCM Support

Support for customers is offered in several languages. The support team is accessible 24/7. They are available on more than 40 numbers that are available on the website for various countries. They are also able to be reached via email or online chat. Social media sites, they’re present on Facebook, Twitter and YouTube.

FXCM Deposit & Withdrawal

FXCM does not charge deposit fees. The minimum deposit amount is $50. To comply with the Anti-Money Laundering (AML) procedure, FXCM does not accept cash deposits. FXCM also does not accept cheques and money that are transferred by exchange house. Third party funds are too.