Reviewer: Forex Trader Website Reviewed: Official FXCM Website Type: Forex Trading Broker

FXCM is a Forex broker that has been online since 1999 and is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Also this broker is regulated by the official regulators in UK, Canada, Hong Kong, Australia and France. FXCM is one of the largest and well capitalized Forex brokers with well over 150,000 live accounts that are traded via FXCM’s, along with its $100,000,000 in capital base this forex broker is here to provide experience and professionalism in the currency market.

The FXCM trading platform is installed via downloadable software. FXCM provides No Dealing Desk trading execution†, eliminating any conflict of interest between broker and trader, and ensuring that there is no dealer intervention in trades. No Dealing Desk 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 offers its clients Real-Time Charts that enables you analyze the charts, place trades and manage positions. With these advanced charts you can create market entry positions from the charts directly. This is made possible via the over 30 technical indicator tools found on its charting software. You can as well find over 30 times frames available on the charts, while you can set price alerts to help you get on the spot information on price movements. You can also download FXCM’s software that allows for Real-time Signals with blue arrow indicating a buy while the red arrow indicates a sell. It is very interesting as the trading software offers six different strategies covering a lot of market conditions.

FXCM offers a demo account with $50,000 for a 30-day period. Start trading on FXCM by trying out with a demo account, as this would give you a grab of how things would go on live trade. Most times it is advised that you try out the demo account for at least 1 month before moving ahead to live trading. FXCM offers six trading accounts; you’ll have the FXCM STANDARD that has a minimum deposit of $2,000 for new accounts, the Active Trader can start on this account with a minimum deposit of $25,000 and with features of lower commissions for high volume trading. The FXCM MICRO ha a minimum account opening size of $25 and it is designed for small investors, you can grow an FXCM MICRO account from $25 to $2,000 with the right strategy in place. It is important to note that with a $2,000 worth of equity you can trade on FXCM’s Forex System Selector that allows a minimum account size of $2,000 and allows you access to over 40 back-tested trading systems that you can apply on this trading platform. Running on the same trading minimum account balance of $2,000 is the MetaTrader 4 platform that runs on the MT4 platform and is available through Forex Capital Markets Ltd. Lastly we have the Non-USD Account platform that allows traders based outside the United States hold funds in their local currencies.

Forex Capital Market also known as FXCM offers the following On-line checks, bank wire, paper checks and credit cards as its funding options. Select any of the following and start your live trading with FXCM. It is an excellent broker for the newbie and experienced trader alike.