FXCM, also known as Forex Capital Markets, is a well-known online forex and CFD broker that offers a range of trading services to clients globally.
Regulated by multiple authorities, including ASIC, CySEC, and others, FXCM provides a secure trading environment for traders.
The broker is known for its educational resources, market research, and customer support. Traders can access various trading instruments, including forex pairs, commodities, and indices, through popular platforms like MetaTrader.
FXCM's commitment to transparency and reliability has earned it a strong reputation in the trading industry
Promotions and Bonuses
Join FXCM today and receive up to $200 Welcome Bonus
When you open a live account, we calculate the reward based on the total net amount you deposit in the first week with us.
Rewards are automatically credited to your account the following week.
Take advantage of the FXCM Rebate Program
If you’re an active participant in the financial markets, you can get Cash Rebates according the volume you trade. All this for being part of the FXCM community.
Pick up rewards, up to $300, for trading more contracts+
We like to reward our traders for their active participation in the markets. Here’s how we can help you.
NEW DEPOSITS OVER $800
Within one month after the arrival of the new funds, you can get a reward of $25 for every 500 contracts of foreign exchange or CFD round-trip trading volume.2
Your bonus will be automatically deposited into your trading account one month after the first deposit.
Trading Details
Additional Detail
Fees and Spreads
1. Spreads:
The spreads range from 0.2 pips to 1.3 pips depending on the account type selected
It is important to note that the fees and spreads may vary depending on the jurisdiction and the account type selected. Additionally, the spreads are subject to change depending on market conditions
2. Commission:
Commissions are charged at the open and close of trades in the Active Trader account
3. Overnight financing:
Each currency has an overnight interest rate associated with it, and because forex trading is done in pairs, every trade involves not only two different currencies but also two different interest rates.
FXCM charges overnight financing debits and credits that are applicable to all positions held at 5 PM EST, just like on a forex trade.
The Secured Overnight Financing Rate (SOFR) is an interest rate benchmark favored by the U.S. Fed as an eventual replacement for Libor.
Education and Research
Educational Resources
FXCM provides a range of educational resources, including trading guides, video tutorials, and webinars, to help clients learn about trading strategies, risk management, and other related topics.
Daily Market Insights
The broker offers daily market insights, including technical and fundamental analysis, market news, and commentary from industry experts, to help clients stay informed about potential market-moving events.
Forex Market News
FXCM provides real-time news updates and market analysis on the forex market, including major currency pairs and economic indicators.
Trading Signals
FXCM offers free trading signals, which are generated by Trading Central, a leading investment research provider. The signals provide clients with buy/sell recommendations based on technical analysis.
Economic Calendar
The broker provides clients with an economic calendar, which shows scheduled economic events and announcements, helping traders stay informed about potential market-moving events.
Customer Support
1. Live Chat: FXCM offers a 24/5 live chat service where clients can chat with a customer support representative in real-time.
2. Phone Support: FXCM Pro provides phone support to its clients. Clients can call +44 (0) 207 903 3861 in the United Kingdom or +1 646 253 1716 in the United State
3. Email Support: FXCM Pro provides email support to its clients. Clients can email support@fxcmpro.com for assistance
4. Back Office Customer Support: FXCM offers back office customer support to its clients. This support is designed to help clients onboard and maintain their accounts
- Fees are mainly reflected in the spread.
- Spreads range from average to better than average.
- Offers access to Trading Station and MetaTrader 4 platforms.
- Narrower spreads allow traders to enter and exit the market at a lower cost.
- Offers access to premium services such as dedicated support and API trading.
- Offers elite pricing.
- More competitive spreads are available.
Availability of Active Trader account depends on the jurisdiction.
Comments
I appreciate the robust risk management tools offered by FXCM. It allows me to effectively manage my positions and protect my capital.