When choosing a broker, it is crucial to know all the features and requirements. FXCM offers over 40 phone numbers, based on your location and language. They are committed to providing good customer service and are not focused on making short-term financial profits. Rather, they aim to deliver long-term benefits by keeping their spread quotes competitive, regulation in mind, and execution speed as fast as possible.
Opening an account and login
An account with FXCM broker will enable you to access all of the tools you need to succeed in the currency market. The company offers a variety of different types of accounts, including those that allow you to use both MT4 and NinjaTrader. To get started, all you need is an email address. You can use the same email address to open multiple accounts.
FXCM offers various methods of funding and withdrawal, including credit and debit card. You can also use bank wire transfer, EFT, or Skrill for deposits. The broker doesn’t charge any administration fees for credit and debit card deposits. However, you will have to pay a 40 USD fee if you want to withdraw money using bank wire.
The process of opening an account with FXCM broker is relatively simple. After selecting your country, you will be directed to a secure website where you will be asked to provide your personal information. This includes your financial and employment status. You will also need to create a password and agree to the terms and conditions.
Does the broker offer a demo account?
FXCM offers a number of different trading platforms. In addition to its proprietary Trading Station, the company also offers MetaTrader 4, NinjaTrader 8, TradingView, and ZuluTrade. You can use these to test out the trading platform, which is available in desktop, mobile, and web formats. Each version has a user-friendly interface and robust analytics. In addition, FXCM offers a wide variety of add-ons.
While the demo environment at FXCM is not a perfect simulation of the live market, it does allow you to see how your decisions may affect your trading experience. This is important because you may experience different emotions and outcomes in the demo environment than in the real account. For example, you may experience quicker transactions, fewer slippages, and fewer rejected offers.
Many brokers offer demo accounts to allow prospective investors to test out their trading platforms before risking their own capital. Since these accounts are based on fictitious funds, they allow less experienced traders to familiarise themselves with different financial products and strategies before risking their own money.
Deposit and withdrawal
The FXCM broker offers a variety of deposit and withdrawal options. Customers can use Visa or Mastercard prepaid cards to make deposits. There are no fees for deposits using these cards, but users may have to pay additional commissions. You can also use other payment methods such as bank wires.
FXCM supports an extensive range of base currencies. It caters to the needs of most clients. In addition, customers can practice trading with a free demo account, which lets them practice without risking any real money. A free demo account lets customers practice with fake money and does not earn any profits. FXCM offers a default leverage of 400:1 for forex and 200:1 for CFDs. This leverage automatically adjusts according to the equity in the account.
Deposit and withdrawal at FXCM broker can be done through credit and debit cards, and bank wire transfers. Deposits via credit and debit cards are free, but can take a few business days. To make a deposit using your credit card, go to the FXCM website and follow the on-screen instructions. You can deposit up to $10,000 of your account base currency in a calendar month.
Available countries
There are several countries from which you can place trades through an FXCM broker. However, some of these are not regulated by the FXCM group. Some of the countries you can trade with are Canada, the USA, the European Union, New Zealand, Turkey, Russia, Belarus, and Ukraine.
When you register for an account with an FXCM broker, you will be asked to choose the country where you reside. Once you have chosen a country, you’ll need to fill in your personal details. Depending on your jurisdiction, you may also need to upload a government-issued ID card.
Another great benefit of using FXCM is their social trading features. The ZuluTrade trading platform is a great way to trade with other FXCM traders. You can register using your FXCM account number. The social trading service also offers excellent technical analysis tools. However, it does not provide fundamental information about assets. This information is available on a separate portal, called the FXCM Plus portal.
Trading education
The FXCM broker trading education center offers a variety of resources for new and experienced traders alike. There are videos and articles covering everything from fundamental analysis to advanced trading techniques. Many of the articles are broken down into levels of experience, including beginner, intermediate, and advanced levels. The website also offers webinars and archived webinars to help you learn the basics of trading with the FXCM platform.
FXCM offers multiple trading platforms, including ZuluTrade, which is intended for social trading, and NinjaTrader, which is suited for automated trading. Although FXCM doesn’t offer the most extensive range of investment types, it has several benefits that beginners will appreciate. These include competitive pricing, excellent research tools, and a demo account with virtual money. One drawback of FXCM is that the company has a long history of fraudulent business practices and misinformation.
The FXCM broker trading education center provides free videos and downloadable eBooks to help new traders learn about trading. The videos are well-produced and factual, covering the fundamentals of trading, as well as trading habits and platform tricks. The materials are provided by FXCM’s parent company, which is a New York-listed company with a banking background.
Customer service
If you’re looking for a reputable broker that provides outstanding customer support, FXCM is a good choice. This multilingual broker offers live chat on its website and telephone service in 42 countries. In addition, it offers email and SMS support and trading desk support for active traders. It also operates physical offices around the world. To contact FXCM support, you can visit the nearest branch, send an email, or talk to a live chat representative.
FXCM offers a range of funding options, including credit/debit cards and Neteller. In addition, it follows Anti-Money Laundering (AML) laws to make sure that client funds are not going into the wrong hands. In addition, the company offers a number of deposit options for Indian traders, including bank wire transfer and Skrill. In addition to this, FXCM does not charge any administration fees for using credit or debit cards. Bank wire withdrawals, however, will incur a fee of 40 USD.
FXCM’s MyFXCM user portal makes it easy to deposit or withdraw funds. Traders can deposit funds with just a few clicks. Logging into their accounts, choosing Deposit or Transfer, and choosing a method of payment will take them to the payment page. Depending on the type of account you choose and the market, trading costs vary. For instance, a spread betting user account is usually commission-free, although some brokers may charge commissions to offer better spreads.
Is there an mobile app? Android and iphone.
FXCM is one of the many forex brokers available. It offers excellent customer service and low trading prices, a variety of powerful platforms, and good features for algorithmic trading. It also has excellent educational content and offers a quick account setup. However, its app has many drawbacks, including limited investment types, poor usability, and limited support.
While FXCM is an excellent choice for beginners, it is also suitable for seasoned investors. Its powerful connectivity and integration with top liquidity providers makes it a good choice for active traders. The FXCM broker mobile app features a great selection of CFD shares from the most popular stock exchanges. Although the app does not offer share trading, it offers great access to other CFD markets. FXCM’s Trading Station platform lets you trade on the FX currency pair, metals, grains, energy, and bonds.
The FXCM broker mobile app is available for iPhones and Android devices. This application provides access to live charts and a wide range of technical indicators. It also allows traders to adjust their orders or open new trades. Besides, the app also offers the same great functionality as TSII.
Pros and Cons
One of the pros of FXCM is the flexibility it provides its clients. It allows its clients to leverage the trading size of a single currency pair or a basket of currencies, thus increasing their gains or losses. However, traders should be cautious with this feature and ensure that they understand their leverage levels.
Another plus of FXCM is its security. The broker is publicly traded on the New York Stock Exchange and is regulated in three jurisdictions. This makes it an extremely safe and secure place to trade. Additionally, FXCM’s No Dealing Desk (NDD) brokering model allows it to execute trades quickly and at the highest available price. FXCM states that execution speeds are up to 31 milliseconds.
The trading platform at FXCM is fairly user-friendly, but users must adjust to the logic of the platform to make the most of it. Some functions are not integrated with the platform. One example of this is the lack of two-factor authentication. Although FXCM provides a one-step login, a two-step login would be safer. Despite this, the search function on FXCM is effective and the desktop trading platform is more flexible with more order types, price alerts, and order time limits.
