Margin Requirements FXTM


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Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. FXCM is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. Client funds with FXCM LTD are segregated according to FCA client money rules. This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors. Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection. FXCM is a market-making broker with a long history in the market, having been founded in 1999 in New York.

Top Features

FXCM’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics. Margin refers to the certain level of funds you need to keep in your account to cover any possible losses on your trades. You’ll need to maintain your margin level to open and maintain your positions. FXCM was founded in the United States, but as of 2017, it left the U.S. market.

Is FXCM a legit broker?

Even just the proprietary platform, Trading Station, has advanced features that set it apart. FXCM will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think FXCM has sufficient instruments will find no shortage of tools to help them with analysis and charting. I like the trading environment at FXCM, especially for high-volume traders using algorithmic trading solutions. FXCM is a very well-regulated global Forex broker with a large client base and a big reputation to maintain.

FXCM Leverage And Margins

FXCM offers a diverse range of powerful trading platforms tailored to suit various trading strategies and preferences. Among them are FXCM’s flagship Trading Station Desktop, Mac-friendly Trading Station Web 3.0, mobile platforms, and MetaTrader4 for those who use Expert Advisors. The range of markets available with FXCM is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put FXCM at the lower end of the broker for currency choices. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform.

Leverage in the UK, Europe and Australia

Beginning traders can also access various options to help them learn and enhance their trading skills. FXCM has proven itself as a reliable and secure platform for both new and experienced traders. With its commitment to transparency, competitive pricing, powerful trading platforms, and adherence to strict regulatory standards, FXCM is an ideal choice for fxcm broker review those looking to trade forex and other assets. FXCM is suitable for various types of traders, ranging from beginners to experienced ones. The company offers educational courses on FX trading, provides trading tools, proprietary data, and premium resources. It also offers dedicated 24/5 customer support with global offices in London, Melbourne, and more.

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FXCM Alternative Brokers & Comparisons

fxcm leverage

FXCM is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for FXCM and up to GBP 85,000 if the custodial bank fails. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. 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.

  1. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  2. At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
  3. Most traders will easily satisfy it by sending a copy of their ID and one proof of residency document, satisfying regulatory KYC/AML requirements.
  4. FXCM standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs.
  5. Keep in mind that these are averages, so the spread may be higher or lower at any given point.
  6. The breadth of platforms and available tools means that experienced traders are best served by FXCM’s emphasis on incorporating value-added services and resources.

This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools.

fxcm leverage

FXCM is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with FXCM’s active trader account are cheaper than they may appear when you compare with other brokers as FXCM off lower commission fees.

fxcm leverage

This explains why spreads are wider than commission-based accounts such as the Active Trader account. Education exists via free online forex trading courses, webinars hosted by FXCM Senior Market Specialist Russel Shor, and written content with exceptional quality. The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base.

FXCM provides four free API solutions for traders across the spectrum to develop automated trading solutions that communicate directly with the FXCM trading server. The fast order executions and deep liquidity further support demanding trading requirements. They offer traders the possibility to customize trading platforms, and FXCM offers 35 free plugins. FXCM offers floating spreads, but without the price improvement, average ones can be somewhat high. Therefore, traders should consider the trading time to ensure placing most trades during high liquidity times. FXCM does provide as many tradable assets as some other major forex and CFD brokers.

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. This simplified trading process makes the platform a great tool for beginner traders. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders.

In our 2024 Annual Awards, FXCM finished Best in Class for its excellent Platforms and Tools. Clients can also access free live trading signals and technical analysis tools through FXCM PLUS, an exclusive live account portal designed to enhance the trading experience. For beginners, FXCM offers a demo account stocked with £50,000 in virtual money, allowing users to practice and develop strategies risk-free. Novice traders can take advantage of FXCM’s extensive educational and research resources, as well as its video library that covers a wealth of trading topics. For more advanced traders, FXCM provides application programming interface (API) trading with 4 free APIs connected to the FXCM server that includes REST API, FIX API, Java API and a ForexConnect API. You can get more information on the broker’s algorithmic trading facilities by clicking here.

You can choose among the FXCM Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms. You can also use a social trading platform to copy the transactions of other traders in your own account in real-time. Because of the range of platforms offered by FXCM, there are options that are simple enough for beginners in addition to choices that have the features and tools experienced traders seek. Since 1999, FXCM, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, Stratos Markets Limited («FXCM») has grown to have multiple international offices and is licensed in several major regulatory hubs globally.

The broker’s multilingual phone service and the live chat feature on its website are available 24 hours a day, 5 days a week.

For deposits between $300 and $4,999, the referrer gets a $100 bonus, which doubles to $200 for deposits from $5,000. The referee must trade 200 or 500 contracts, respectively, within 90 days, making it a challenging low-payout bonus to receive. 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 two VPS solutions, charged at $30 or a currency equivalent per month.

When it comes to forex trading, compliance and regulation are of utmost importance. These regulatory bodies enforce strict financial standards on FXCM, including capital adequacy requirements, and have the right to fine firms and terminate their regulatory status for violations. Accounts with FXCM are also segregated in accordance with client money rules, providing added protection for client funds. This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms.

Other account types available include an Interest-free account, which is designed for Islamic traders who can’t pay swaps. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. Also, institutional investors, retail brokers, emerging market banks and hedge funds can take advantage of FXCM Pro. This high-end broking service gives institutional clients excellent pricing and access to the forex and CFD markets.

Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The FXCM Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions. This is FXCMs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads.

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