fx broker reviews

FXCM Review

FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them.

FXCM Trading Accounts

FXCM provides several account types designed for experienced traders as well as for those who are new to the FOREX market. The standard $5K account is ideal for experienced traders wishing to leverage the full advantages of FX trading. Traders can also open an Active Trader account with $25,000 for elite services. Also, opening a mini account requires an initial deposit of $50, and offers leverages of up to 1:200* for all traders who are outside of the United States, and 50:1 leverage for US-based traders.

FXCM also offers two training accounts, which is available for 30 days – standard demo of$50,000 & mini demo of $2,000. Platforms for all account types are identical, however a separate username and password needs to be used for each type of account.

Plus500 Overview

The advantage of Trading Forex online is having the possibility to deal with no Dealing Desk. With this option, traders basically trade on rates provided directly by the banks, which enables FXCM to offer low variable spreads. Typical Standard Account spreads for FXCM traders are 0.5 pips for EUR/USD and1.3 pips for GBP/USD, with similarly competitive spreads for other major currency pairs.

fxcm-trading-platforms

FXCM Reviews, best forex broker, forex broker reviews, FXCM scam,  FXCM feedback
FXCM Reviews, best forex broker, forex broker reviews, FXCM scam, FXCM feedback

Advantages
Tight spreads, as low as 0.5 pips
24/7 Customer Support
Training tools & research
Disadvantages
($50 mini acct is available)
(we offer access to training tools & research)

7 thoughts on “FXCM Review

  1. Good review. Professional editor. I traded with this company but spreads were very high need to negotiate with the broker !

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