We do not present any investment advice or guarantees for the accuracy and reliability of the information. Free research, insights, and strategies outlook, along with greatly designed FXCM tools with FXCM Plus, Market Scanner, and Trading signals with technical levels all at your disposal. For the globally presented offices, each of them as a branch of Forex Capital Markets Limited follows the country’s financial authority and is licensed accordingly. Limited is regulated by the ASIC, FXCM Germany is partially regulated by BaFin, and FXCM Italy is subject to the control of CONSOB and FSCA (Check out the FSCA Regulated Infinox Capital Review) authorization in South Africa. Regular texts to check everything is ok, swift, professional support and service. I am more than happy with him always helpful knowledgeable and kind.
- With its wide range of available platforms and deep offering of trading tools, FXCM has set the bar high and competes among the best brokers in the industry.
- Indeed, beginning traders face numerous challenges, yet time and even capital loss due to emotion-based trading are the main barriers to success.
- An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- Traders can gain exposure to currency pairs, indices, commodities, cryptocurrencies, shares, and more.
They offer a decent range of trading instruments and their trading platform can be used by anyone. This account can be accessed using the MetaTrader 4 platform or the Trading Station platform. Traders can gain exposure to currency pairs, indices, commodities, cryptocurrencies, shares, and more. The average spread is 1.3 pips which is decent compared to other similar brokers. Overall, due to the strong background of the broker, years of successful operation, and reputation in the financial world our financial experts find FXCM broker a reliable and safe trading environment. Active or high-volume traders can enjoy their benefits with various available interfaces, good and competitive value spreads, or offerings with advanced technical features.
Is FXCM a good broker?
As a client-oriented broker, we are always happy to read feedback like yours. If you ever want to share any preferences or suggestions, we’d love to hear you out. It’s great to know that our platform is the right fit for your investing needs.
The company manages over $2 billion in assets for both retail and institutional investors. It’s a member of the Investment Industry Regulatory Organization of Canada (IIROC) as well as the Canadian Investor Protection Fund (CIPF). Step 5) Set a password for your account, check the boxes to accept the terms and condition then click ‘Continue’. Next review the information fxcm canada review you have provided and click ‘Submit’. Further, FXCM’s group entities are also regulated by the tier-1 financial authorities Financial Conduct Authority of the UK and the Australian Securities and Investment Commission of Australia. FXCM’s operations in Canada are overseen by the IIROC of Canada, which is the relevant regulatory authority in the company.
Enjoy competitive spreads and a low mark-up on a number of forex products with this trusted online forex trading platform. Beginner traders can count on company tool support while building their own strong trading strategy. Indeed, beginning traders face numerous challenges, yet time and even capital loss due to emotion-based trading are the main barriers to success. Based on our research, we found that FXCM supports the functionality of Autotrading through market-leading ZuluTrade and NinjaTrader platforms delivering best practices for social trading helping beginners to hone their skills. The FXCM Group is headquartered in London (UK), offering dedicated customer support service regardless of clients’ location through a global chain of offices situated in Germany, Australia, France, and Italy.
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Nevertheless, allow your payment provider to add on some working days to process the transaction as well. Further on, when you wish to withdraw funds, you may use the same payment methods. There are no fees for withdrawals by credit card or debit card, however, a $40 withdrawal fee will be charged for international Bank Wire requests. However, this is defined according to the FXCM’s entity, likewise, UK and EU clients would need GBP300 at the start. Our experts find FXM a highly reputable broker since it’s authorized and regulated by some of the most rigorous regulators FCA and ASIC.
Our team is always happy to help, so if you ever need anything else, do not hesitate to let us know. We’re thrilled to hear about your positive experience at FXCM. We appreciate your feedback and look forward to continuing to assist you.
FXCM Trading Platforms
This platform has a clean and modern look with an intuitive interface. It’s easy to see buy and sell prices for your trades, and you’ll be able to execute your orders with a couple of clicks of your mouse. Pip costs may vary depending on the account denomination and the notional value of a currency pair which fluctuates on a daily basis. Current pip costs can be found on the trading platform you decide to use. FXCM is an investment firm that was launched in Australia in 1999 and has since extended its services to many countries around the world. In Canada, FXCM is partnered with Friedberg Direct to allow Canadians access to FXCM’s suite of products in the context of a Canadian regulatory environment.
It works primarily with its proprietary “Trading Station” platform as well as the ever-popular MetaTrader 4 platform. Step 1) Go to the FXCM website at and click on ‘OPEN AN ACCOUNT’. On the page that loads, select the trading platform you would like to use.
Disgusted with FXCM.
The exact fee depends on the type of account held by the trader, the type of instrument being traded, the timing of the trade, amongst other factors. Their minimum spread is 1.3 pips for trading the benchmark EURUSD currency pair through the Retail account. They are safe for traders from Canada and their fees is quite reasonable.
Hello Steven,We sincerely apologize for the inconvenience you experienced due to the server issue while using FXCM through TradingView. We understand how frustrating such interruptions can be, especially when you’re in the midst of trading decisions. We want to assure you that the server issue has been resolved.Should you encounter any further difficulties or if you need assistance, please don’t hesitate to reach out to our support team. We are here to help and ensure a smoother experience for you.Thank you for your understanding. Hello Brenda Narcus, please stop with this type of advertisement for your company.
Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. You’ll also save up to 60% on your trading costs if you have an active trader account (with spreads as low as 0.1 pips). Commission-based pricing is also available for these accounts so that you won’t need to worry about calculating the spread.
I got help from Rai Bashatat from FXCM…
Friedberg Direct is as safe to use as any other online forex trading platform. The company is a licensed dealer and a member of the Investment Industry Regulatory Organization of Canada (IIROC). It’s also a member of the Canadian Investor Protection Fund (CIPF). This means your investments are regulated in Canada and protected up to a million dollars. FXCM primarily offers only two types of accounts; these are the Retail account and the Active Trader account. The Retail account is meant for beginners and individual traders while the Active Trader account is meant for high-volume traders and institutional traders.