On Standard accounts, FXCM charges a low, competitive commission to trade forex. Unlike many other forex providers,
we do not markup the spreads, so there are no hidden charges or hidden fees when trading with FXCM. Commissions are
based on instrument and trade size, and start as little as $0.04 per 1k lot.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.
Pros: Safety of funds
Serious traders/investors choose FXCM because they are licensed by the most rigorous regulatory bodies in the world and withdrawals are processed in extremely prompt manner.
I wish their spreads were a bit lower, but I would not change them for a less regulated broker.
I have been trading with FXCM just 4 months back and suffered extreme losses on my 1st, 2nd and 3rd month. I started to become profitable just before the brexit. I have already recovered my loses and even started to see my profit. I could say that FXCM for me at the moment is a good broker in terms of CS and platforms. There are slippage most of the times but I do understand it.
So far I have not tried to withdraw any amount from my account. But I want to keep my trust with FXCM. Hopefully this trust will not be wasted.
Let us not blame others for our mistakes.
there live chat is very bad they dont want to help you they even did not reply i want to open ECN account with them i tried many time to chat with them i want yo ask same question before open live account but no one answer my question there service is very bad please dont open account with them
Last fall I was swamped with work and neglected my trading with FXCM. I missed a deadline for keeping my account open, in December last year.
My attempts to get in touch with FXCM customer support in reopening my account – that has outstanding funds! – has resulted in ZERO response. For all intents, my deposit with FCXM has now been confiscated.
i have traded with fxcm for 5 years,no problems. when i did have a problem on a trade that filled incorrectly and i had the proof,screenshots ect,they promptly funded back the discrepancy.
I made $4000 for 10 days trading EURUSD on FXCM's Trading Station.
I decided to withdraw my profit because of the lowering market cap of FXCM and the funds appeared in my bank account in 24 hours.
Don't expect too much from the customer support once you get your account open and funded. It took a week and 3 email to get my questions answered.
Bottom line: I'll keep trading with FXCM because I like their platform and prompt payments.
"The best forex brokers offer a robust platform for every skill level and preference. FXCM delivers a solid Meta Trader 4
platform for the higher end user. Trading Station desktop, as well as a web version that works on Windows and Mac
computers, cater to all user levels and enable usage from any computer type. Mobile traders are able to access the same powerful
tools on the go from iPhone, iPad, or Android devices."
"FXCM is one of the largest New York based FX dealers available to retail traders. As such, it is a well-known and trusted
name in the Forex trading game. The company is even listed on the NYSE, assuring that it is going to be around for many
years to come. The FXCM brand is trusted by both retail traders and professionals alike."