Broker Review: FXCM

A detailed examination of one of the big players in the Forex market, Forex Capital Markets Limited.

Forex Capital Markets Limited, aka FXCM, is one of the pioneering platforms in the online Forex trading market. Founded in 1999, FXCM has been providing online trading services since 2001. With nearly two decades of consistent performance, a plethora of trading options and tools at disposal, and serious regulatory controls, FXCM stands strong in the industry rightfully.

Account Offer & Accessibility

FXCM offers a wide variety of account offerings matched with a lower barrier of entry. The minimum account size with FXCM simply stands at $1, arguably one of the lowest, given the stature of the institute. Most beginners or new traders will find it appealing that FXCM allows a minimum position size of merely 0.01. No US traders are accepted in FXCM though, which is certainly a drawback for potential U.S. brokers.

Regulatory Compliance

FXCM takes it seriously when it comes to abiding by regulatory bodies. Owing to its critical jurisdiction and branch network, multiple subsidiaries oversee the regulation standards; these include Forex Capital Markets Limited, FXCM EU Ltd, FXCM Securities Limited, and FXCM Europe GmbH. This strong regulatory impetus ensures a higher level of security and trust for traders.

Broker Features & Education

FXCM seamlessly integrates a wide variety of features for its users. From trading by phone to free education options, FXCM is indeed user-centric. For people willing to step into the Forex market but without the requisite skills or knowledge, FXCM’s free educational sessions can indeed prove beneficial.

For high stake traders, FXCM provides an option for managed accounts, allowing clients to sit back and let FXCM professionals handle the trading. Moreover, Virtual Private Server (VPS) support ensures continuous trading activities regardless of internet outages. FXCM also assures segregated accounts support for the ultimate security of clients’ funds, alongside LAMM and PAMM options for greater diverse trading activities.

Trading Conditions & Leverage

FXCM offers a low spread, which is indeed a plus point for active traders. The leverage level, however, is not specified in the provided information and would require you to refer to FXCM’s website or support.

Final Rating

After our elaborate examination, FXCM takes a good position on our broker rating scale due to its streamlined account offerings, solid regulatory adherence, wide range of broker features, and favorable trading conditions. Further research and individual assessment are recommended to ascertain if FXCM aligns well with your trading requirements.

To sum it up, FXCM provides compelling trading options to its clients and stands apart with its experience in the market, compliance with serious regulations, and commitment to customer satisfaction. However, their service exclusion to U.S. traders and undisclosed leverage can be a setback for some potential customers.