Since our last review, TradingView and Capitalize.ai have been added to the lineup. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features.

Yes, you can log in to your FXCM account via TradingView.com and place live trades. We judged the quality and volume of research materials to be above average for the industry. FXCM also offers Trading Baskets that are available for both forex and stocks. Copy trading and automated trading are also only available on the MT4 desktop platform. MetaTrader 4 allows users to develop, test, and apply Expert Advisors . EAs are programs that monitor and trade markets using algorithms.

Forex Risk Disclaimer

FXCM has been around since 1999 and is still going strong today. MT4 trading platform, NinjaTrader, and ZuluTrade are some of the other trading platforms offered at FXCM, apart from its proprietary Trading Station. Using the username and password shared by the FXCM customer service team, the new users can access their accounts. We recommend the users to reset their password for safety reasons. Forex Capital Markets Limited , popularly known as FXCM, is a forex and CFDs trading, spread betting broker based in the UK. As one of the oldest brokers, FXCM has been in the forex and CFD trading industry for over two decades.

• FXCM has been around since 1999 and is still going strong today.
• The bank withdrawal fees depend on the currency and where your bank account is located.
• One of the oldest forex and CFD brokers, FXCM dates back to 1999 and is owned by Jefferies Group, a publicly traded company.
• There’s no question; FXCM delivers in the areas important to traders.
• Our ultimate guide to the FXCM minimum deposit is updated regularly.
• If you plan on opening an account with FXCM there are four options to choose from including either a Standard or Active Trader individual account, a Joint account and a Corporate account.

The FXCM desktop platform has clear portfolio and fee reports. There areclear portfolio and fee reports on the ‘Reports’ tab of the platform and at MyFXCM. While there is a wealth of material for forex, education is lacking when it comes to CFD education. An FXCM dealing desk determines the best execution means which can result in FXCM acting as a market maker or using a dealing desk.

Is FXCM Regulated and a Good Broker?

All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. All CFD option is commission-free, which means costs are included in the spread.

As with desktop and web, the interface is not the most intuitive but the MT4 app offers an above-average range of features. The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms. It does not have the most beautiful interface and requires some time and effort to learn, but that is typical of advanced platforms. Trading Station Desktop has all the features of the web platform and goes beyond it with a range of advanced functionality. It exceeds the scope of most proprietary broker platforms in that it offers trade automation and strategy development tools with backtesting and optimization capabilities. Should traders require assistance, they may call the toll-free numbers provided, use messaging app WhatsApp, e-mail the support team, engage via live chat, or contact the trading desk.

FXCM Editor’s Verdict

Experienced Australian forex traders that require a very specific niche forex platform should consider FXCM. Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison tableand a provider like Pepperstone for advanced traders. FXCM offers demo accounts for the Trading Station and MetaTrader 4 platforms. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.

FXCM features a MyFXCM user portal where the traders can deposits and withdrawals funds in a few simple steps. All they need to do is log in to their accounts and choose either deposit options or transfer option in the account summary section for depositing and withdrawing funds, respectively. When they click the viable option, users are directed to the payment page to select a suitable payment method as per their convenience. Compared to its contemporaries, the FXCM trading platform is one of the very few regulated brokers with physical offices worldwide. Thus, users can reach them via the means mentioned above or directly visit their nearest office. For general inquiries and account related inquiries, users can send an email to and , respectively.

FXCM Minimum Deposit

FXCM’s active trader account requires users to make a minimum deposit of $25,000. As a complex trading account, it has all the features FXCM has to offer. Another unique feature of the active traders’ accounts is that users get expert advice from some of the top forex trading analysts. Apart from https://forex-review.net/ this, the broker offers an active trader account with dedicated customer support, API trading, and Trading Station for free. FXCM maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Besides MT4, traders may use the proprietary Trading Station.

Its 3day trying to widraw my funds with…

While the trading fee is comparatively low, the non-trading fee is on the average side. Inactivity fees, withdrawal fees, and deposit fees are some of the non-trading fees. Typically, one has to pay $50 as the inactivity fees if the account remained inactive for a year or more. It is based on HTML5 and has useful elements like economic calendar, Education and Research, trading analytics, FXCM Cloud, and Charts. During our analysis for this review, the official website claimed to support over 39 Forex pairs and feature Forex spot trading. There is also the option of copy trading or social trading.

However, if you are in the UK and you open a GBP account you can use the BACS withdrawal method free of charge. Often, withdrawals are processed by FXCM in 1-3 business days, but it can also take as long as 3-5 business days. FXCM fxcm review provides support to clients via phone, chat, and email 24/5. We experienced some delays in reaching support, but overall the quality of the response was good. Available instruments at FXCM range from Japanese to UK stock indices.

The FXCM Standard Account has a minimum requirement of $50 when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. Other account types available include an Interest-free account, which is designed for Islamic traders who can’t pay swaps. With FXCM, you pay only the floating spread to trade indices and commodities, while enhanced index CFDs allow you to trade without stop and limit restrictions or re-quotes. See below the average spread costs on CFDs, and other fees like funding fees, yet for the most accurate data check the official website or FXCM platform.

As FXCM supports a wide range of trading platforms and features, both beginner and experienced traders will find that this online broker has a lot to offer to help meet their trading needs and goals. Moreover, with crypto derivatives you do not have to worry about cold and hot crypto wallets for storing and holding your digital assets as you are only speculating on the price of the underlying asset. In keeping with its strong reputation as a free trading platform, you can trade cryptocurrency CFDs commission-free with zero exchange fees as the trading costs are built into the spread.

The ability to manage your position sizes with small contract sizes as micro-contract sizes provide the flexibility to risk less capital per trade. Access to innovative and popular social and copy trading features provided by ZuluTrade. Spot opportunities, trade and manage your positions from a full suite of mobile and tablet apps.

The broker has secured partnerships with reputable experts to bring premium services to its clients. This includes partnerships with TradingView, Trading Central & VPS providers. You really have all of the tools you need at your disposal to conduct in-depth market analysis so that you can make informed trading decisions. The award-winning proprietary Trading Station is replete with essential tools that are beneficial to all levels and types of traders.