FXCM review

About the broker

FXCM is a reputable CFD broker that provides traders with a wide range of trading options. FXCM is operated by Capital Markets Ltd. based in England and has a rich history since it was founded in 1999. The broker is regulated by the Financial Conduct Authority (FCA), which means that it adheres to the strict standards and rules of the financial regulator.

FXCM offers various trading platforms, including MetaTrader 4, Trading Station, ZuluTrade and NinjaTrader. This allows traders to choose the platform that best suits their needs and preferences.

In terms of trading instruments, FXCM offers 213 different assets, including stocks, forex currency pairs, indices, commodities, cryptocurrencies and ETFs. Cryptocurrency CFDs are also part of the offering and include cryptocurrencies such as Bitcoin, Litecoin, Ripple, Bitcoin Cash and Ethereum. FXCM allows trading with a minimum trade of 0.01 lots, which is equivalent to roughly 25 - 50 EUR. The minimum deposit into the account is 50 USD. A demo account is available for traders who want to try out the platform or strategies without risk.

The broker provides a mobile app, which allows trading on the go. The account currency can be USD, EUR, CHF or GBP, giving traders the option to choose the currency that suits them best. FXCM charges fees in the form of spreads, swaps and inactivity fees. Spreads range from approximately 0.01% to 0.5%, with EUR/USD spreads starting at 0.7 pips. Deposits and withdrawals can be made using credit cards, NETELLER, Skrill and bank transfer. It should be noted that the FXCM platform does not offer an interface in English.