Forex Capital Markets or FXCM is based in the UK and has been in existence since 1999. At this time, FXCM is regulated by the FCA in the UK, FSCA in South Africa and ASIC in Australia. The company has offices around the world, with locations in South Africa, Canada, Germany, Greece, Hong Kong, Israel, Italy, France, Australia and the United Kingdom. Traders enjoy better execution and trade at rates provided by global banks, financial institutions and other market makers, making low variable spreads possible.
A standard account with a minimum of $300 for new and experienced traders who wish to take full advantage of FXCM’s trading tools. The average standard account spread is 1.2 pips ** for the EUR/USD pair. Active Trader accounts are available with a minimum deposit of $25,000 for special services. The broker also offers a demo account that expires after 30 days of inactivity. All trading platforms are available for use on demo accounts for you to try out.
From $300 for standard accounts and up to $25,000 for Active Trader accounts.
Maximum Leverage*: Leverage from 30: 1 to 1: 400 (depending on country of origin, instruments traded and account balances). In some regions, major currency pairs have a default value of 30:1, non-major currency pairs, gold and major indices have a default value of 20:1, commodities other than gold and non-major equity indices have a default value of 10:1 and cryptosystems have a default value of 2:1.
FXCM offers a proprietary Trading Station trading platform with an intuitive, easy-to-use environment. It also offers Meta Trader 4. Available orders include Entry Orders, Limit Orders, Stop Loss and Take Profit . The At Best feature, unlike Market Range, allows you to trade at the best price from the global banks that FXCM works with. Clients can connect directly with API Trading to the broker’s price server.
Rich resources in the form of market information, forex videos, economic calendars, trading guides and more are available.
Deposits/Withdrawals: Deposits offered through credit or debit card, wire transfer, Skrill, Union Pay and other options, which takes 1-2 business days. Withdrawal forms are processed within 1 to 2 business days. Withdrawals can be made via wire transfer, debit or credit card and other options.
Customer Service: Chat 24/5 is available, along with email support and toll-free numbers in several countries, including Berlin, Sydney and the UK.