Award-winning broker FXCM (Forex Capital Markets) claims to be the leading global provider of foreign exchange trading. Their main platform, which they dub the Trading Station, has one-click order execution and trading from real-time charts. They also have the No Dealing Desk forex execution. Since FXCM has a wide network of forex liquidity providers worldwide, they have the leverage to offer competitive spreads on forex currency pairs. Once the No Dealing Desk receives the clients’ orders, FXCM will fill in the best possible available prices from their worldwide liquidity providers.
All about FXCM Accounts
FXCM Account Manager for Asia, Mr. Paul Familiaran says that a majority of their clients have moved from stocks trading to forex trading. The reason behind that is because in the forex market, whether the market is bullish or bearish, their clients can earn.
FXCM also offers a demo account to its clients where they can buy and sell in real time using $50,000 worth of virtual funds. The demo account can be used 24 hours a day, 5 days a week. When the client feels that they are ready to open a real FXCM account, they can choose from either the Standard or Premium types. The minimum deposit for an FXCM account is $2,000.00. FXCM follows a different route compared to its competitors Xtrade, Plus500 and iForex, who only require a minimum deposit of $100.00.
FXCM offers their clients trading opportunities in four types of assets – indices, commodities, treasury, and currency pairs. They have 39 pairs on the MetaTrader 4 and Trading Station platforms. The majors are the most liquid and widely traded currency pairs in the forex market, and they usually have the tightest spreads. There are, however, other currency pairs that are not so widely traded. Stock indices from the US, European, Australian and Asian markets are offered.
FXCM Trading Platforms
This trading company provides clients with various platforms that traders can tailor-fit to suit their needs. Once a client opens an account with FXCM, they can choose to trade from their platform of choice. The most basic trading platform of FXCM is their Trading Station, which is available in desktop, web, and mobile versions. It boasts of top-of-the-line analytical tools for chart traders. The MetaTrader 4 for FXCM is upgraded, and integrates seamlessly with their No Dealing Desk forex execution. For those who prefer automated trading, Mirror Trader is ideal. This popular trend in forex trading allows the client to follow and copy a variety of strategies used by seasoned and successful traders around the globe. These strategies cover a variety of market conditions and currency pairs. The Ninja Trader, on the other hand, gets competitive pricing from international forex liquidity providers. This network consists of financial institutions, global banks, and many others. The last type of trading platform is the ZuluTrade. This is a peer-to-peer auto trading platform.
About FXCM Customer Support, Accessibility, and Language Availability
No matter how excellent the trading platform is and how much profit traders make from these online brokers, customer support and client services are very important for traders.
The first good thing about FXCM in our list is that anyone of its clients all over the world can easily access them through their international sites and offices. They currently have nine offices in four different continents. FXCM also has affiliate offices in Canada, Israel, and Chile. The addresses and telephone numbers and pertinent information about FXCM are available on the website. The second good thing about FXCM is that on their website, there is an available pop-up tab where visitors can type in their questions. There is also a separate email for trading concerns, technical concerns, and account concerns. The third great thing about FXCM is that its trading platform is available in 18 different languages.