FXCM is one of the pioneer firms of the retail forex business. It was founded in 1999 in the U.S. and opened its U.K. Offices in 2003, becoming an FSA regulated broker at the same time. The 100,000-account threshold was crossed in 2007, certifying the status of FXCM as one of the top players in the forex world.
Over the years, FXCM has received many awards recognizing its innovations in the currency trading business and its singular commitment to client satisfaction. Some of the awards won by FXCM, LLC include the “Best Forex Platform” at e-FX Awards 2009, the “Top U.S. Forex Brokerage” from the Stocks and Commodities Magazine in 2008, in addition to many others over the past decade.
However, in recent years FXCM has been struggling. Please read HERE to get the most up to date information on FXCM.
In order to avoid frauds and scams make sure that the broker you deal with is regulated in their country of operation. Our trusted forex broker section will assist you in finding a broker that suits your needs.
FXCM is well established and regulated with offices all over the world. They offer three types of accounts based on trading level and over 50 currency pairs for trading.
Regulated? Forex Capital Markets, LLC US: NFA Regulated
Forex Capital Markets, LTd UK: FCA Regulated
FXCM Australia Limited: ASIC Regulated
FXCM Asia, Ltd: SFC Regulated
FXCM France, Ltd: ACP Regulated
Smooth deposit/ withdrawal?
Deposit via CC typically processed in less than 1 dayWithdrawals are typically processed in 1-2 business days after request received.
Leverage ratio? Up to 50:1
Trading Platform? MT4, Mobile/Web, Mirror Trader, Ninja Trader & Zulu Trade
Customer Service: Offices in US, UK, Germany, Australia, France, Italy, Greece, China & Japan
Account Types: 3 types (standard, active trader, & Private client group)