Forex Brokers

FXCM

FXCM is a leading provider of international online foreign exchange trading

FXCM is a leading provider of international online foreign exchange trading, CFD trading and related services. Founded in 1999 and headquartered in London, England, the company's mission is to empower the world by providing innovative trading tools, hiring excellent trading mentors, meeting stringent financial standards and striving to provide the best online trading experience in the market. of traders have access to the world's largest and most liquid market. The company is currently regulated by two global tier 1 regulators, the Australian Securities and Investments Commission (regulation number: 309763) and the UK Financial Conduct Market Authority (regulation number: 217689).

Main business

FXCM provides investors with a variety of trading tools, covering currency pairs, precious metals, commodities, global stock indices, treasury bonds, etc., as well as a basket of foreign exchange, a basket of stocks, offshore RMB and other popular products.

Leverage & Account

Account categories are divided into ordinary accounts and premium accounts. With a minimum deposit of $50 for a regular account, investors can enjoy trading leverage of up to 1:400 and can trade up to 39 popular currency pairs as well as the entire range of CFDs. The Premier Account is tailored for high-volume investors and requires: hold an FXCM account or open a new account; $10 million in total U.S. dollar notional volume per calendar month. This account offers investors a series of advantages: dedicated support, premium services and tailor-made trading solutions.

Spread & Commission Fees

The minimum spread between EURUSD is 1.3, EURGBP is 2.3, and AUDUSD is 1.8. The Premier Account offers investors a cash-back offer. If the customer trades EUR/USD and the monthly notional trading volume reaches 300 million USD (the fifth tier), then the cashback amount is USD 25/million USD, and the total cash back amount is USD 7,500. Cashbacks for stock index CFD products range from $1 to $3 per million.

Trading Platform

FXCM has fully optimized and upgraded the MT4 platform to execute traders' orders faster and more stably. The advantages of FXCMMT4 are: set stop loss/stop profit before execution, set stop loss and stop profit of 0.01 (micro) lots when establishing a new transaction; trade with more accurate trading units per lot, strengthen risk management and partially close positions; Control when you want to close your positions and how much of a position you want to close. In addition, FXCM also provides a free MT4 virtual private server (VPS) storage service. The virtual private server has three advantages: turn off the computer, your intelligent trading system (EA) will continue to operate; the server is dedicated to EA trading No other applications will be operated; even if MetaTrader 4 is not installed, you can still log in to your platform on any computer.

Deposits

FXCM supports a variety of payment methods, accepting online banking deposits, bank transfers and other payments. The minimum deposit for a single deposit by UnionPay is USD 100, and the minimum deposit by credit card or wire transfer is USD 50. In addition, one free withdrawal is made every month.

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