Fxcm.com USA Based Forex Trading Broker Review
Below is a Forex review of online forex broker Fxcm.com. Fxcm.com broker is based in the USA. Below is a list of the most common review questions that traders ask about this online forex broker.
Forex Broker reviews - Forex Reviews of Fxcm.com
Where is Fxcm.com currency broker based
FXCM is based in The United States of America, Their Address is
55 Water St.,
NY 10041 USA
Is Fxcm.com a licensed and regulated Forex broker
Review details of the license, registration and regulation of this FX broker can be found on their website:
FXCM is registered with CFTC, Commodity Futures Trading Commission and National Futures Association. NFA License Number 0308179
What is the execution method of Fxcm.com
FXCM has two execution methods and a trader can choose from any of the two
· Dealing Desk Execution (Lower spreads)
· Non-Dealing Desk execution
FXCM regulation by NFA and CFTC means FXCM implement FIFO, First In First Out, Traders must open trades in the same order and close trades in the same order, therefore you need to program this on your Expert Advisor if you trade with automated trading robots.
The Forex broker spreads are:
Spread, dealing desk, non dealing desk
2.5 pips and 1.5 pips
2.6 pips and 1.6 pips
2.3 pips and 1.3 pips
2.5 pips and 1.5 pips
Financial Instruments provided for trading by FXCM
What are the forex account types of this online broker
- Basic Account
- Premium Account
- Active Trader Trading Account
Does Fxcm.com broker have Islamic Forex Trading Accounts
Rollover interest rates are charged on accounts therefore accounts include paying of interests. Therefore FXCM does not provide Islamic Account.
What are the terms for demo trading accounts for Fxcm.com
FXCM offers $50,000 dollar practice accounts for traders to practice trading.
How is the withdraw and deposit process of Fxcm.com
FXCM has the option to deposit and withdraw using credit card, bank wire, debit card and paper checks.
No fees apply to credit card transactions, bank wire transaction are charge a fee.
$50 dollars is the minimum account opening deposit
Does Fxcm.com give an account opening deposit bonus
No. FXCM does not give an account opening bonus for new accounts.
What is the security and reliability of Fxcm.com
What is the Forex broker ratings for Fxcm.com security and reliability.
FXCM is regulated and licensed by NFA and CFTC in America and has a high security and reliability for funds.
Does Fxcm.com accept scalping
FXCM allows scalping trading
Does Fxcm.com give free education to currency traders
This broker provides learn currency trading education for learn trading online.
Their education section explain what is currency trading basics, what are trading concepts, margin requirements, how to read charts, placing trades and other trading course.
What are the trading platforms of Fxcm.com currency broker
- Mirror Trader
- Trading Station – Webtrader, Desktop trader and Mobile Trader Versions
- Ninja Trader
- Zulu Trade
Is Fxcm.com a MetaTrader 4 Forex broker
Fxcm.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews.
This trading platform and MT4 can be downloaded from this brokers’ website.
Does Fxcm.com allow automated forex trading
The broker automated trading policy on automated currency trading is:
FXCM allow expert advisors installation on Metatrader4 and traders can trade using automated forex trading robots and scripts.
What are Fxcm.com broker website sections
The website sections of these trade broker are:
Forex Trading Accounts Section: where traders will find information about accounts such as demo practice account and live accounts provided by this broker. Traders wanting to start trading can open an account from this section.
Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this online broker.
Forex Trading Platforms Section: this section provides a platforms where a trader can choose one for trading online.
Trading Signals Section that provides currency trading signals to traders.
Trading Resources Section where the broker provides trading course, trading alerts and free training guides.
Currency Trading tools and Webinars Section Live trading webinars for education.
Technical analysis section for trade strategies.
Foreign exchange market News Section For economic news analysis.