Moving between markets and time-settings is easy to do and the mobile platform is particularly responsive. There is a Newsfeed function, but the platform is above all else set up for on-the-move execution. Complex order types which incorporate metrics such as Good Till Cancelled and Good Till Date are made available so that users can trade the way they want to. Ninja Trader has a funky feel but don’t think it is lightweight due to its user-friendly appearance.
If you don’t lose money trading, you WILL lose money because of the reliability of this platform. It’s a great shame, as they are the only CFD provider that works well with Ninjatrader, when it works. But, after over a year of trading with them every day, I find it is simply too unreliable to be a usable platform.
- Most of the users who have reviewed this broker on platforms such as TrustPilot and ForexPeaceArmy report quick execution and quality pricing.
- In terms of trading view pro, you need to deposit $300 and trade a minimum 500,000 trading volume to be able to open your platform access.
- The desktop version is compatible with Windows, Linux, and Mac OS, while the web-version is accessible through all major browsers.
- If you wish to call FXCM, there are 42 country-based numbers one can call from.
The overall lowest spreads are offered by IC Markets in our head-to-head comparison. FXCM, also known as Forex Capital Markets, is a global forex provider trading with various FXCM entities in the UK, Europe, Australia and South Africa. Our FXCM review concluded that FXCM has a simple but helpful account type structure, average spreads, a hybrid trading execution model and a good range of trading platforms. Overall, FXCM fits the needs of traders at all levels of expertise.
Time-of-trade services are based on custom indicators, strategy optimisation, strategy back-testing, and robust charting functionality. FXCM is a well-regarded broker which has been operating for over 20 years. Its success is based on offering clients a top-grade trading experience particularly in terms of the trading platforms. This is backed up by the security which comes from using a broker that operates under license from highly regarded regulators. To sum everything up, FXCM is an average broker that offers average fees. The number of assets offered is not that impressive compared to the industry leaders and the live account types available are limited to 1.
Tools & Features
FXCM Group is regulated under several jurisdictions and the broker has strong regulations. To stand straight as a prestigious and trustworthy brokerage firm, FXCM is regulated by FCA, ASIC even FSCA. An FXCM dealing desk determines the best execution means which can result in FXCM acting as a market maker or using a dealing desk. Although it took a while to get to the bottom of the technical issues I was having after the FXCM app was updated, eventually the problem was resolved.
One of its best features is the Marketscope 2.0, a charting tool package. FXCM provides a rich source of trading platforms for traders of all sorts. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. From stat-arb and trend-following CTA to fixed-income relative value.
FXCM Broker Review
As a trader, you get access to an economic calendar, earnings calendar, market news, live Forex charts, and market data signals. Additionally, there are easy-to-understand guides for novice traders available on the broker’s web page. The exact fee depends on the type of account held by the trader, the type of instrument being traded, the timing of the trade, amongst other factors.
The Retail account is meant for beginners and individual traders while the Active Trader account is meant for high-volume traders and institutional traders. In Canada, FXCM has partnered with Friedberg Direct to offer its services to residents of Canada. Whereas other renowned brokerage platforms are asking for comparatively higher deposits to trade in standard accounts, FXCM is fully flexible in this term.
Unfortunately, the market scanner only works for a limited number of products. Since this difficult period, FXCM has made effective moves to repair its damaged reputation. The new owner of FXCM is Jefferies Group, a well-known and trusted investment bank and financial services company based in New York. fxcm With their history laid to rest, FXCM now offers great prices and a quality education suitable for most traders. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
Trading Station web is very stable and mostly runs without a hitch. FXCM take care of the “little” traders as well as the Professional. Their Micro Account is amazing and allows clients with smaller banks to test and tweak their strategy on low stakes. I have tried other Forex companies but will now only trade with FXCM.
Charting and tools
The only question for clients is which of the software packages to choose from. Our reviewers were particularly impressed by some of the specialist indicators in the Trading Station package. The SSI tool proved an effective double check which was particularly useful at time of trade. The NinjaTrader platform scored highly in terms of presenting tools in a way that encouraged strategy ideas. We will have the access to activate any account types offered by FXCM.
Top eye-catchy features of FXCM
FXCM Group is a global leading provider of online Forex, CFD and other trading related services. With this in mind, FXCM’s mission is to provide increasing levels of quality pricing, transparency and execution services to its traders. The broker offers its clients innovative trading tools, proprietary data and premium educational resources. FXCM offers a decent selection of tradable assets, excellent pricing and high-quality customer service that few other online brokers can match. FXCM also provides a decent selection of top-quality trading platforms its clients can operate through. Beginning traders can also access various options to help them learn and enhance their trading skills.
This broker is popular with beginner as well as experienced traders. Moreover, it appears suitable for high frequency and algorithmic trading. FXCM provides a wide range of products, which include 39 forex pairs and over 32 CFDs. FXCM provides direct stock trading instead of CFDs on stock.With over 20 years of experience, FXCM is one of the oldest spot forex and CFDs brokers. The broker is listed in the NASDAQ stock exchange and has headquarters in the United Kingdom. Its main target markets include Europe, Asia, the Middle East, and Africa.