Price alerts are available via the Trading Station app, allowing users to stay abreast of market moves easily. Security features could be better, as Trading Station Mobile does not offer 2-step authentication or biometric login. FXCM’s Standard Account trading-related fees vary average to above average in our tests.
FXCM User Experience
Screenshots of unbalanced claims made on Astrofxoptions’s website, along with regulator warnings about this specific company. Unregulated brokers do not have to report to a governing body fxcm canada review and receive little oversight (if any). If your broker is unregulated (or loosely regulated) and you are scammed in any way, you’ll likely have no recourse for recovering your funds.
How do I contact FXCM customer support?
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. For traders in , FXCM offers three different account options for traders – retail, active trader, and professional. All three account types are covered by FXCM’s 24/5 support and trading resources. The broker offers a variety of platforms to trade on, including MetaTrader 4, NinjaTrader, ZuluTrade, and the Trading Station Mobile App for iOS and Android users. FXCM provides customer support via live chat, phone, and e-mail, with free international dials. Webinars are archived and cover topics related to trading platforms and advanced materials, such as Best Practices for Creating an Algo Trading System.
Broker Types
One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place. This simplified trading process makes the platform a great tool for beginner traders. Forex Trade Platform claims to provide “90% high probability forex trades” and that it can “ensure your profitability.” This broker also promises “minimum expected profits” for its clients. These types of extreme, unbalanced claims are red flags and can indicate that you have come across a forex scam.
Opening an Account
In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. Beyond core platforms, the broker offers integration to FXCM’s acclaimed execution of specialty FXCM Apps offering an online marketplace where you can customize the trading experience. This is the one of the best trading platforms when it comes to CFDs and user-friendliness. It is packed with an abundance of tools for analysing the charts. You will find the platform is easy to navigate, with everything you need for manual and automated trading at your fingertips. There are thousands of additional tools and apps that provide new functionality to the platform which you can find in the marketplace directly from within the platform.
About Compare Forex Brokers
If you ever need anything else, our team is always happy to help. As a client-oriented broker, we are always happy to read feedback like yours. If you ever want to share any preferences or suggestions, we’d love to hear you out. We are glad to hear you have been left satisfied with our service, john webster!
Not only does FXCM offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms. FXCM offers competitive pricing with average spreads for popular currency pairs such as EUR/USD at 1.3 pips and GBP/USD at 1.8 pips. Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station.
Use the Capitalise.ai app on your iPhone or Android to manage your trades on the fly; edit, halt or automate new trading methods. The broker gives you a nice variety of quick and easy account funding option to choose from, including digital wallets which I find most convenient for moving funds around between my trading accounts. It is great that FXCM does not charge deposit fees but be aware that your payment provide might. In compliance with the Anti Money Laundering (AML) procedures, FXCM does not accept cash deposits.
We strive to provide the best service possible, and we assure you that the quality will only improve further in the future. We truly appreciate your kind words and are delighted to hear that you’ve had a satisfactory experience with FXCM. We look forward to serving you and meeting your expectations in the future. Our team is always happy to help, and we always appreciate when our clients make the interaction mutually pleasant.
Over 50 MT4 applications, 50 Trading Station apps, 10 NinjaTrader apps, and 10 standalone programmes are available in the shop. The applications mostly consist of automated techniques, indicators, and addons. The worldwide market news is updated multiple times during the day. It provides the most recent news and events in the economic activity of many nations.
This distinctive attribute brings algorithmic trading within reach of a more extensive user base. Furthermore, Capitalise AI’s compatibility with this broker empowers traders to leverage market opportunities through sophisticated yet uncomplicated tactics. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
FXCM also supports the popular MetaTrader4 trading platform, so you can download the MT4 mobile app that is also available for iPhone and Android. Overall, due to the strong background of the broker, years of successful operation, and reputation in the financial world our financial experts find FXCM broker a reliable and safe trading environment. Active or high-volume traders can enjoy their https://forexbroker-listing.com/ benefits with various available interfaces, good and competitive value spreads, or offerings with advanced technical features. ZuluTrade is one of the top social trading platforms, but not quite on par with the industry leading eToro. Clients that are interested are sent to the ZuluTrade portal, where they may select from a variety of signal sources and automatically duplicate their trades.
- I’m sorry to hear about your disappointing experience with our trading platform Sebastian Grabowski.
- Enhance your trading with simple, intuitive, and code-free automation.
- The company offers a bundle of great basic forex training lessons, and a considerable video archive full of well-produced, high-quality video lessons.
- FXCM doesn’t offer fixed spreads, so traders need to visit FXCM.com to get up-to-date information on the current average spreads.
The Trading Station Mobile platform lets retail traders quickly and easily access the forex market. Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices. It has all the powerful trading tools for efficient trading and market analysis.
FXCM inactivity fee is higher than the industry average, amounting to up to 50 units of the account currency for accounts inactive for 12 consecutive months. However, unlike many brokers, FXCM doesn’t charge for deposits and withdrawals with only exception in case of bank wires. ✅Free Online Live Classroom – The broker provides live online lessons to help traders learn straight from market pros.
When the trader loses money, slippage is negative, whereas when positive, the trader receives a fill at a better rate than the prevailing market. FXCM’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics. The broker has 2 support email addresses that give you access to general or account-specific inquiries. You can even contact the FXCM trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an FXCM server.
TradingView is a powerful technical analysis tool for both novice and experienced investors and traders. It is reliable, comprehensive, and has most of what you need day-to-day when trading. You can perform distraction-free trading and investing, with more charts, intervals and indicators. The broker provide access free of charge when you open an account with them.
Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all FXCM clients. 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. FXCM operates four subsidiaries around the world that are overseen by different financial authorities.
TradeWise FX claims that there is “no need to be experienced” and that it provides “80-90% probability” forex trades. These kinds of claims are dangerous and can indicate that you are dealing with a forex scam. TradeWise FX also advertises account types that guarantee minimum profits (there is no such thing as “guaranteed profits” in the forex market). TradeWise FX lacks substantial regulation and is featured on the FCA’s warning list for unauthorised firms. SpringFX advertises “risk-free trading” if you use their investment strategies.
