FXCM is a forex broker. FXCM offers the MetaTrader4, Active Trader, Mirror Trader, Ninja Trader, and Zulu Trade top forex trading platforms. FXCM.com offers over 50 currency pairs for your personal investment and trading options.
User Review( votes)
What is FXCM.com?
FXCM forex brokers did not start today. They have been through ups and downs since they first began around 1999. One of the popular searches people have done about this company is FXCM scam and that is because of the problem they had with US clients. They were accused of setting up rules that favoured them without considering the interest of the US clients. It was for this reason that FXCM was banned from operating in the US.
Notwithstanding many people still think that FXCM is real and not scam. They have been enjoying some benefits in the FXCM withdrawal and deposits, the customer service, FXCM trading instruments and more.
Regulation and Incorporation
FCA and ASIC are the main regulators because they require tougher requirements to meet. The other two are FBS and ISA.
FXCM has three types of accounts. They are Standard, Premium and Active Trader. The Standard account is the most affordable as it requires just $50. An active trader needs $25,000 as a minimum deposit while the Premium trader needs $2000. The last two are costlier but pay better in terms of spreads. Spreads for the Standard account starts from 1.4 pips while the other two start from 0.4 pips each.
The table below gives a brief summary of the three different platforms available for FXCM users. They are trading station, MT4 and Ninja Trader.
Deposit and Withdrawal Method
Funding any of the three kinds of accounts has never been a hassle because there are at least five different ways of doing so. To withdraw or fund, you can use bank wire transfer, visa and master cards, Skrill and Union Pay. The base currencies are EUR, GBP and USD but you can pay or withdraw in RMB (Chinese money) by using Union Pay.
Email: info (at) fxcm.za.com
Address: 114 West Street, 6th Floor, Katherine & West Building Sandton, 2196, Johannesburg, South Africa.
Although FXCM appears to be a good broker, one must still be mindful of investing in it because trading Forex and CFDs are generally risky. You should therefore be more guided before taking a decision to trade.
Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds. You should never make an investment into any online program if you do not know what you are doing.