FXCM – feedback and broker overview with the ability to trade micro CFDs

Min. deposit
50$
Min. trade price
25$
Website address
www.fxcm.com
Profitability
89%*
Demo account
Yes
Currency
EUR USD
Supported languages
Eng
Active
Yes
* The amount that will be credited to the account in the case of a successful deal
General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4,
according to 143 reviews

4.5 Stars
DOPE CITY EMPIRE
DOPE CITY EMPIRE
stars
za
I had a minor misunderstanding ,So I reached out to the fxcm support team. My issue was sorted lightning fast. I don't care about bonuses what Is important to me is to be assisted when need arises.Some brokers you must wait for hours before you get help or you are made to jump all these unnecessary hoops. That I did not experience with fxcm.Thanks to the nice lady who helped me.

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Piet Kooy
Piet Kooy
stars
za
Well done Elizabet. I am up and running again1

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CJ Anderson
CJ Anderson
stars
za
Dear FXCM I feel that I need to mention this in the public domain again. Both Elizabet Karachorova and Rayane Yacoub are brilliant in their roles at FXCM. I couldn't be happier to be working with them. I am proud to be an FXCM client. Regards CJ Anderson South Africa

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CARLOS S I
CARLOS S I
stars
es
Excellent and prompt customer support via dedicated chat bot and realtime agent interaction as well.

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K Pham
K Pham
stars
au
Online chat was very helpful. Resolved all my queries. Thank-you

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Tahar A. Belkahla
Tahar A. Belkahla
stars
dz
A wonderful company in support and answering all questions, we hope to continue this approach

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Richard L. Gordon
Richard L. Gordon
stars
jm
The agent responded to move the issue toward resolution.

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Michael M. Lehneis
Michael M. Lehneis
stars
es
Severe FXCM server issues On the 12th April 2022 FXCM experienced trading platform issues which prevented clients as well as FXCM personnel from tracking and executing trades in real time. Since I had a for me significant position, I contacted the live chat for help. The team was curteous and calm during the conversation but could not help directly with the problem. Unfortunately being told that one is stuck in a position until technical issues are resolved can cause panic in a trader for numerous reasons. I demanded FXCM to find a way to get me out of my position as the market was volatile. The help chat managed to direct me to the telephone customer service. The gentlemen there managed to calm the situation by presenting an acceptable solution in the midst of what hopefully was an exceptional technical problem. Being 'blind' in a position can be every traders nightmare. While I praise the FXCM customer service (chat and phone) for being very helpful, I would think that there could be room for improvement on the flow of information directly to the client. Perhaps when issues become known to FXCM, those issues could be made known to customers through a message on either the trading platform or the websites.

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Federico Rewerski
Federico Rewerski
stars
ar
Excellent attention from Daniel Velez! I really appreciate it. The platform is fast, easy to use and everyone that I could talk to was very nice and professional. Thank you so much!

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Rafael T. Custodio
Rafael T. Custodio
stars
br
very good service, very fast, practical and effective. Very good

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MrQueen
MrQueen
stars
th
Good broker, reliable. Support helps, but spreads are wider than other brokers, especially CFD Stocks huge spread, so sad for me.

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CJ Anderson
CJ Anderson
stars
za
Once again I have to thank Elizabet Karachorova from the FXCM Financial Services team who assisted me with a withdrawal that took longer than I feel it was supposed to. Shortly after contacting her the matter was resolved successfully. As mentioned in a previous review I've been a client for many years and never had a serious issue. Many thanks, Elizabet and FXCM. CJ Anderson South Africa

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Keith Shelton
Keith Shelton
stars
gb
I am giving FXCM five stars for customer service. Everything has been consistent and professional.

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Stan
Stan
stars
ca
when you need help, customer service is awesome.

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Loui Lainez
Loui Lainez
stars
sv
Have been using since 2015, love the mobile platform and all available tools. Just one recomendation for Latam (Im in el salvador) there should be more clear or detailed info when it comes to withdrawals with cards especially when it comes to withdrawal of profits because my local bank when they received wire transfer from FXCM they just returned it back to FXCM - losing part of the profits in the process due to fees. I was advised by the chat team later that using skrill could be a better option but other that great overall

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Wilfredo Suarez Ramirez
Wilfredo Suarez Ramirez
stars
ar
The support is very very excellent and friendly

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CJ Anderson
CJ Anderson
stars
za
I've been a proud FXCM client since February 2011. Never really had an issue. a few weeks ago there were some hassles on my account and Elizabet Karachorova from the FXCM Financial Services team were very quick to successfully resolve the matter. Many thanks, Elizabet and FXCM. CJ Anderson South Africa

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Yinyin Wang
Yinyin Wang
stars
ca
The FXCM trading station is fast. Easy to use. I recommend it to others.

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Kiren Subkaran
Kiren Subkaran
stars
za
The Live chat is Awesome. The agent on the end of the call was quick, and answered my questions. However, the solution to my problem is that I have to a wait a few more days. It's ok though, now that I know the agent has marked for urgent attention to the relevant departments.

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abigail breslin
abigail breslin
stars
nl
Great services from FXCM. Timely support. quick withdraws. using 245trades services & FXCM MT4. Very low spreads. Great and recommended one. My fund manager doing great job

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 Overview of prospective financial brokers: FXCM

Recently, many users of the World Wide Web have been witnessing a rapid growth in the number of brokers offering mutually beneficial cooperation in online trading to their clients. Anyone who has even initial knowledge in this area of ​​commercial activity understands that as long as there is a demand for forex brokers, one can bravely engage in the creation of new trading platforms. But this, only superficial observations, about these companies. Information about the main participants of the world financial markets, it is not difficult to find in the network, on TV, or in print media. Of course, these well-prepared descriptions strongly raise the broker’s rating, on which the attitude of potential traders depends, and, of course, the profit of the presented web resource. Therefore, serious brokers never spare money for creative advertising, which can interest the representatives of the target audience. In this case, sometimes funny situations occur.

Numerous reviews of “users” and allegedly authoritative “analysts”, in which a broker is called unfair, unfair to his clients, and sometimes – a common rascal, instead of intimidating the user, do not achieve their goal. Future traders start looking for information about “scammers” using authoritative sources, and very often register on this trading floor, not regretting their choice. The FXCM broker also got into similar situations, but the resource administration categorically refused to pay for such methods of fighting competitors, considering them dishonest and unworthy for representatives of any business.

 

FXCM - forex and micro CFDs trading

 

Features of FXCM

A very important point for any company is the presence in the list of its clients of traders from the United States. Practical people who know how to make money, and will never engage in dubious projects, well know with which broker it is worth working, and when it is necessary to refuse cooperation so as not to become a victim of pseudobrokers. Many economists are convinced that this “flair” and knowledge of financial disciplines helped the famous dynasties of American billionaires to stay afloat in the 1930s. of the last century, and then, even badly to earn, despite poverty, ruin and unemployment in territory of all American states.

Security

The company very carefully checks the biography and personal data of its potential customers. Work on the resource is available only from the age of 18. Note! Since 2015, the broker under consideration (thanks to a series of transactions) entered the international holding company Leucadia, significantly strengthening its position in the world financial markets. Given the multidirectional activities of the company, users can not be afraid of force majeure in any direction. For example, an increase in oil prices may under certain circumstances damage the broker (but the availability of own wells and processing plants very quickly compensate for the broker’s losses, which allows him to fulfill his obligations to traders).

An additional plus of the company is the warning of traders that no one guarantees them huge wealth after several months of bidding on the submitted resource. The fact that it is pleased (especially the users who finally decided to work on this site), the presence of MetaTrader 4 (the product used by the most advanced online trading specialists), its own platform, and also specially created for FXCM applications. All of them will help beginners to understand the algorithm of earnings faster, and to understand which of the listed platforms are best suited personally for each trader.

By registering to the FXCM login, the user gets direct access to Forex, which allows him to earn much more than on other trading floors. In this case Non Dealing Desk technology is used, which allows the clients of this company to conclude deals at the most favorable prices, without fear of accusations from the Antimonopoly committees of those countries where the broker operates.

To protect investments and personal information of its users, the best specialists of the company use the latest equipment and software, use encrypted communication channels.

Among the authoritative organizations involved in controlling the activity of brokers, we can distinguish the following:

● FCA.

● ASIC (Australia).

● bafin.de (Germany).

● FSC.

● FSP.

But, one of the most serious agencies that regulate the activities of a broker is the American organization CFTC. The listed regulators are well-deservedly considered the most reliable in the world, and for experienced traders, only the above points are enough to safely register an account on the considered trading floor.

Educational materials

The broker under consideration pays much attention to training materials for its users. In addition to the standard:

● E-books

● Economic calendar

● Examples of successful strategies

● Video Tutorials

This participant of the global financial market periodically uploads the most interesting news of this activity to YouTube, as well as an annual conference on the Forex currency market. On the official website of the broker, lessons are conducted for beginners, which help quickly master the algorithm of working with authoritative foreign markets. Well, the final stage will be developed for FXCM demo account – the main assistant for each novice trader, who so far has no relevant work experience.

Key indicators and requirements of FXCM

Experienced traders are well aware that to work on any trading floor you need to follow certain rules. And above all, it concerns financial nuances and some other issues that are of fundamental importance to the administration of the resource.

Trading conditions

● The minimum deposit is $ 50.

● Multiple accounts (differ by the minimum deposit amount and additional privileges).

● A highly qualified support team operates (24 hours a day, 7 days a week).

● The minimum lot size is 0.01.

● The minimum bet is $ 25.

● Account currencies: American, Australian, New Zealand dollars, British pound, yen, euro.

● Provides free training, as well as bonuses, prizes and competitions for the most active traders.

If you collect all the surveys of users, analysts, etc., prepared about FXCM, you can see that most of them recommend checking financial information about the broker on the official website. Because even relatively new information can lose its relevance within 1-2 days.

Withdrawal of payment means and replenishment of the deposit. Available assets

The procedure for entering / withdrawing funds can be carried out in different ways, but the specialists who made up the FXCM reviews argue that this is quite enough. Although the broker is much inferior to its competitors in this indicator. In order to replenish the deposit or withdraw money, you can use a plastic card (Mastercard / Visa) or conduct this procedure by bank transfer, Skrill or Union PAY.

The main trading tools of the site, except for currency pairs, are commodities, precious metals and stock indices.

General Risk Warning: Your capital might be at risk