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FXCM Trading Review

  Forex Capital Markets LLC (FXCM)
Standard Account: $2,000
  Micro Account: $25
Maximum Leverage: 100:1
fxcm trading

 

 

Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities. At the heart of FXCM’s client offering is No Dealing Desk trading execution. † Under this system, trades are executed back to back with one of the world’s premier banks or financial institutions, which compete to provide FXCM with bid and ask prices, providing spreads as low as 1 pip.

FXCM’s CFD product allows traders to trade gold, oil and stock indices
24 Hour Support & Dealing Desk
Pip spread on majors: As low as 1 pip
Mini Account: Yes
Minimum account size for Micro Account: $25
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forex trading trading charts & graphs currency pairs in action
 

 

FXCM is one of the largest (over $100 million in firm capital) and best known forex brokers in the business. Featuring straight-through processing, multiple trading platforms including the popular MetaTrader 4 (MT4), FXCMs own downloadable FXCM Trading Station or Active Trader, as well as a Java platform that is compatible with Macs. Each platform has its own advantages, depending on your trading style. MT4 is preferred by automated system traders and those already familiar with it, while FXCM Trading Station is generally preferred by serious discretionary traders because of some excellent features such as one-click order execution, partial fills and server-side trailing stops (that is, your platform does not have to be running for trailing stops to be valid). Since FXCM uses straight-through processing for all orders, there are no restrictions on trading style: orders can be placed anywhere (even inside the spread), scalping is fair game, and trading is available during news times (although spreads will most likely widen). All in all, FXCM is among the very few forex brokers that can be recommended to anyone. Smaller account holders can now be accommodated by FXCM's sister broker FXCM Micro, although order processing there is not straight through and orders may or may not be offset or held in-house.