The referee must trade 200 or 500 contracts, respectively, within 90 days, making it a challenging low-payout bonus to receive. Only the St. Vincent and Grenadines subsidiary offers bonuses. I recommend traders read and understand the terms and conditions before accepting incentives. Automated trading solutions often require a VPS service to operate effectively around the clock.

FXCM offers users five cryptocurrencies that are provided through CFDs. These are Bitcoin, Etherium, Litecoin, Ripple, and Bitcoin Cash ABC. Spread pricing data is available on the spreads cost page on their website.

  1. FXCM offers multiple trading platforms for algorithmic trading and social copy trading, along with a proprietary platform suite (and access to MetaTrader 4).
  2. The amount of FXCM leverage you will have access to depends primarily on two factors.
  3. Trading forex at FXCM you will have 39 pairs to choose from.
  4. Here we will take a more detailed look at exactly which trading platforms are available when you are trading at FXCM on both desktop and mobile.
  5. FXCM is suitable for various types of traders, ranging from beginners to experienced ones.
  6. Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station.

You can get more information on the broker’s algorithmic trading facilities by clicking here. If you want to start practicing without making a deposit, you can open up a free demo account. This lets you assess the broker’s research and educational resources and practice trading. I usually speak to the German customer support but as I am English speaker they also speak very good English. Sanjay always tried to fix my things (If there is anything to fix). FXCM is one of the oldest global forex brokers with office in Johannesburg, South Africa.

I could not find any time limitations on these accounts which is excellent, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident.

It’s just a useless BOT that cannot help you with realtime issues. If you don’t lose money trading, you WILL lose money because of the reliability of this platform. It’s a great shame, as they are the only CFD provider that works well with Ninjatrader, when it works.

Daniel Velez at FXCM is my immediate…

The FXCM Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become FXCM’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price fxcm canada review alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place.

Overall, FXCM ranks #45 out of the 62 brokers that have been evaluated and scored within our investment types category. There are over 10 languages supported by the broker website when you are trading with them. These languages include English, French, Spanish, and Arabic with an excellent support also in place for a variety of Asian languages including Chinese, Indonesian, and Vietnamese. FXCM is uniquely positioned with this product in the fact that they can actually function as a liquidity provider for other equities including brokers.

Best broker customer support answer…

Beginning traders can also access various options to help them learn and enhance their trading skills. Looking at our database, the average forex broker offers 6 of the 11 features variables we track in the commissions & fees category, and has average spreads of 1.04 when trading the EUR/USD. FXCM offers 9 of the 11 features, while offering average spreads of 1.38 which helped contribute to the broker ranking #24 out of 62 brokers in this category. FXCM offers traders a few different accounts, with forex and CFD instruments (commodities, crypto and more), leverage, and a truly impressive variety of plugins and accompanying applications. With reasonable trading fees and conditions plus an industry-best level of flexibility for traders, FXCM is an enticing option for frequent traders with virtually any strategy preference.

Compare FXCM

TradingInfo features trading information to traders with all latest news to professional traders, both novice, and expert alike. It doesn’t matter if you are a newbie or an expert investor, FXCM cares equally for every client. For 20 years FXCM has delivered unquestionable customer care services 24/5 and has received several regional as well as international awards. But if you are an EU account holder/ EU citizen, to start trading you just need to top up your account with $300. And the relaxing thing is your deposit will not be affected by additional charges or Taxes.

Your review is important to us and the abundance of substance in it is greatly appreciated. We will make sure to let the agents know that you are happy with their work. The quality of our service is just important to us, as it is to our clients.

FXCM are the best Forex Trading Company I have tried

If you purchase a U.S. stock, you own the actual shares; if you purchase or trade a CFD, you don’t own the asset itself. According to our database, 92% of forex brokers allow you to trade U.S. stocks as a CFD, while only 28% allow you to own the stock itself. FXCM trading station is the proprietary trading platform of FXCM and is available through their very intuitive and attractive webtrader to run in your browser, or on both desktop and mobile. The platform is award-winning and very powerful with all of the key features and order types you need built in. Demo accounts are the ideal place to begin trading with any broker.

Overall, FXCM’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category. Regulation by esteemed authorities ensures financial excellence. These trading platforms present unique features that cater to traders’ needs.

Active Trader Account 👤

We will have the access to activate any account types offered by FXCM. When a trader registers under an FXCM broker he explores different modern and exciting trading platforms. In this review, we’ll talk about everything Canadian traders need to know about FXCM and its services including pros and cons, overall fees, customer support, trading instruments, and more.

FXCM provides a diverse selection of cutting-edge trading platforms that cater to the needs of traders. FXCM provides in FOREX trading all currency pairs which I’m interested in. In case of technical issues (I lost access to my trading account) a representative pays immediately attention to your request. I would have appreciated if FXCM would send daily and monthly reports about the performed trades, but that is a nice to have and not a must.

But, after over a year of trading with them every day, I find it is simply too unreliable to be a usable platform. Finally, some of FXCM’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. People can quickly open a live forex trading account after starting with a FXCM demo account.