Download MetaTrader 4
Download MetaTrader 4
We noted it is relatively simple to navigate around and all the functionalities are well designed. But most important of all, the trading platform comes with a complete and advanced charting package. Single session – some FXCM accounts are pre-set to connect only to a single session. For trading with several Zorros on the same account, contact FXCM and let them switch your account to multiple sessions.
NinjaTrader, the most popular independent trading platform, allows traders to customize their trading experience. High-volume traders may qualify for the Active Trader account, where spreads are drastically lowered, and a $30 commission applies per $1 million traded.
FXCM South Africa (PTY) LTD is an operating subsidiary within the FXCM group of companies (collectively, the “FXCM Group”). FXCM South Africa (PTY) LTD is an authorized Financial Services Provider and is regulated by the Financial Sector Conduct Authority under FSP No 46534. You have successfully registered for a FXCM MT4 Practice Account.
Active traders will find the reduced spreads plus commissions generous and may want to operate a portfolio at FXCM. Institutional traders are serviced via FXCM Pro, the prime brokerage unit. The MT4 trading platform is also provided, giving traders a solid choice. FXCM has developed an excellent trading platform, a magnificent gateway to financial markets. The UK Financial Conduct Authority (FCA) is the primary regulator of FXCM under license number .
Clients’ funds remain fully segregated from company funds as mandated under the FCA Client Assets Sourcebook (CASS) for its UK entity. All third-party institutions have a credit rating http://broker-review.org/ equal to the FCA Credit Quality Step 5. All four FXCM entities are in full compliance with its regulators, and this brokerage has done an excellent job of regaining traders’ trust.
You can find out more about pips and forex trading in our in depth forex guide. The FXCM Pro account is available to small hedge funds, retail brokers, and new market banks to access wholesale executions. While FXCM Prime accounts are also available for high- or mid-frequency funds.
Their charge is levied across the spread cost which is calculated automatically when trades are executed. An overnight cost is also applied for any positions which are held at 5pm Eastern US time (which is around 10pm UK time). FXCM provides a demo account, however, it is restricted to some locations. FXCM also sends free educational material to your e-mail when opening a demo account which is a nice touch. Most FXCM research tools are available on the FXCM Plus platform, a separate portal, which is not included in the trading platform.
Another service generates exclusive trading signals free of charge for all live account holders. The Market Scanner allows traders to select a series of technical indicators and returns buy and sell recommendations based on the input. FXCM Plus gives traders access to detailed trading signals and technical analysis. FXCM offers its very own Trading Station platform in desktop, mobile and Web versions.
- For example, the EURUSD spread is 0.2 at Active Trader account, while 1.3 at the standard account.
- This is a platform for algo traders to connect in an open-source sharing community.
- Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits.
- This selection is based on objective factors such as products offered, client profile, fee structure, etc.
- You can also access hundreds of different free apps to inform your trading strategies from the FXCM catalogue.
- If you plan to trade at a high-volume, FXCM’s Active Trader account would be the best for you.
One major benefit of trading with FXCM is its wide range of educational features. Most of these are discussed above, but the site also offers a live classroom environment and a video tutorial library. So anybody looking to develop in-depth learning will https://broker-review.org/fxcm/ have their needs met on this site. FXCM is authorised and regulated by the Financial Conduct Authority in the UK under registration number . The company’s shares are traded on the stock exchange and it is authorised as a business within the EU.
Please try again later or contact We apologize for the inconvenience. You fxcm scam have successfully registered for a Trading Station Practice Account.
FXCM Ltd is registered and authorized by several other regulatory agencies due to European passporting laws including AMF, BAFIN, CONSOB as well as in Australia by ASIC. A big misconception about forex trading is that a trader needs a lot of capital to get started. FXCM accommodates traders of all sizes by foregoing account minimums.
With the flagship FXCM Trading Station, traders can choose between three powerful ways to trade with just one login. So, whether you’re new to online trading or you’re an experienced investor, FXCM has customisable account types and services for all levels of retail traders. When I started off, I was using FXCM’s demo account which was intuitive and easy to use.
The FTA has strict regulations on keeping clients’ money separate from company money, and regular checks are carried out to ensure the firm has sufficient liquidity. FXCM clients will be protected under the Financial Services Compensation Scheme (FSCS). With almost two decades of operations, FXCM has a track record of reliability and high standards, so its claim to be one of the world’s leading online broker is not an empty boast.
Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement. With this ‘live account’ username or login and password, you never need to do this all again, because it is not a demo account.
Rest assured that no matter your strategy or size, FXCM gives you the opportunity to fully-customise the trading experience. At FXCM, opening a live forex trading account is quick and easy. All you need to do is confirm your country of residence and complete the online application. All live account holders enjoy access to Free Live Forex and CFD Trading Signals inside FXCM PLUS, FXCM’s live account portal.
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The processing time is listed as one business day, and most of the required information regarding deposits and withdrawals are provided inside the back-office. Third-party fees are applicable, and traders are advised that withdrawals using credit/debit cards are limited to the amount of the deposit through the utilized cards. A simple online application form handles new account applications, the standard operating procedure. New traders will go through a quick three-step application process at FXCM.