FXCM Review

Forex Capital Markets Limited – more commonly known as FXCM – is one of the original retail forex brokerage firms, dating all the way back to 1999. It is owned by the publicly traded company, Jefferies Financial Group Inc. (NYSE: JEF), and headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom.

Besides mere longevity in the forex brokerage business, FXCM has built a reputation as a good, full service broker, an innovator in retail forex trading, and as a firm that is continually expanding the trading services that it offers to clients.

FXCM started out as solely a forex broker. In the years since, it has made available trading in several more financial markets – stocks, market indexes, commodities, and even cryptocurrencies. (All assets outside the forex market are traded in the form of CFDs.)

It has captured dozens of noteworthy industry awards over the years, including awards for financial transparency, customer service, and its proprietary trading platform.

FXCM distinguishes itself from other forex brokers with a number of elements. It offers an exceptionally wide selection of online, desktop, and mobile trading platforms, including its own Trading Station platform, MetaTrader 4, TradingView and Capitalise AI. In addition, it gives clients access to multiple specialty platforms that offer API and other algorithmic trading tools.

FXCM also provides its clients with extensive market news and research, including daily market news and commentary, and several weekly seminars on financial markets and trading. It also maintains a large library of articles, guides, and videos on all aspects from trading, from the basics to advanced trading strategies.

FXCM clients also have access to copy trading, social trading, VPS service, market scanners, and trading ideas from Autochartist and several other sources.

Its healthy supply of trader education resources, low minimum deposit requirements, and user-friendly trading platforms make FXCM stand out as a good choice for beginning traders. However, its broad range of trading instruments and extremely advanced trading tools, such as algorithm creation programs, also make it quite appealing to even the most sophisticated and demanding professional traders.

FXCM offers a choice of account types, acceptably low bid and ask spreads and, overall, offers attractively low trading fees.

FXCM serves more than 100,000 individual retail clients, as well as many institutional clients, across 42 countries, and is regulated by multiple financial regulatory entities.

There’s a lot for any trader to like about FXCM – a very broad selection of trading platforms, low overall fees, and a huge amount of free trader education resources, news and research information, and helpful trading tools. Its services are attractive to both novices and very experienced traders.

FXCM has stood the test of time and established a solid reputation as a trustworthy forex broker. It’s regulated by multiple financial regulatory authorities. It has continually added to both the trader services it offers and the financial markets that it offers trading in.