GENERAL |
No Dealing Desk |
Maximum Balance |
None |
Maximum Order Size |
50 Million |
Price Feed |
NDD |
Typical Spreads |
EUR/USD 0.2 pips |
ORDER EXECUTION |
|
Re-Quote Orders* |
No. FXCM does not re-quote orders or manipulate market prices. |
Conflict of Interest |
No. FXCM cannot profit from the trading losses of its clients. |
Anonymous Orders |
Yes. FXCM’s liquidity providers cannot see your stop, limit and entry orders |
Partial Fills |
Yes. Orders can be broken up and filled at multiple prices |
STRATEGIES |
|
Scalping |
Yes.Scalp the market with no restrictions. |
News Trading |
Yes.Trade news events with no restrictions. |
Automation (e.g. EAs) |
Yes.Automate your trading with no restrictions. Use any EA. |
API Trading |
Yes.Trade with APIs and no restrictions. |
3. ACCOUNTS
Leverage: |
Maximum approximately 50 to 1 - Leverage magnifies both gains and losses** |
Fractional pip pricing: |
Yes |
Mobile trading: |
Yes |
Free demo account: |
Yes |
URL Open Demo account: |
http://www.fxcm.com/free-forex-trading-demo.jsp |
Duration: |
Demo accounts do not expire as long as the trader logs in at least every 30 days. |
Description: |
Free Practice Trading Account
- The FXCM Practice Account provides unlimited Live Quotes and Real-Time Charts.
- You can test and evaluate trading strategies with no risk.
- You can access FXCM’s Clients Services staff 24 hours, 7days a week, 365 days a year.
- Live Buy/Sell Prices
- $50,000 in Practice Money
- Get FXCM’s New to Forex Trading Guide with Practice Account
|
Demo Regular Account Size: |
50,000 USD |
Regular Account: |
Yes |
URL Open Real account: |
http://www.fxcm.com/open-forex-account.jsp |
Minimum account size for Regular Account: |
$2,000 |
Accounts denominated in non-USD currencies: |
EUR, GBP, CAD, NZD, CHF, AUD, YEN (200,000) |
Segregated Accounts: |
Yes |
Payment methods: |
Credit Card, Debit Card, Bank Wire, Paper Check, ACH |
Services: |
FXCM representatives are available 24 hours a day, 7 days a week |
24 Hour trading: |
Monday Through Friday |
Hedging Facilities: |
No |
Order Types: |
Market Order, Close Order, Entry Order, Stop Order, Limit Order, OCO Order |
FIFO Rule: |
Yes |
Scalping: |
Yes |
Scalping Policy: |
No Restrictions |
Swap Free Accounts (Shariah Law): |
N/A |
PAMM: |
Yes |
PAMM description: |
N/A |
4. TYPICAL SPREADS
| |
Low Forex Spreads¹ |
|
| Currency Pairs |
No Dealing Desk Spreads |
Commission for 1,000 Trade Size (per side)¹ |
| AUD/JPY |
0.6 pips |
$ 0.06 |
| AUD/USD |
0.4 pips |
$ 0.04 |
| EUR/CHF |
0.6 pips |
$ 0.06 |
| EUR/GBP |
0.5 pips |
$ 0.06 |
| EUR/JPY |
0.7 pips |
$ 0.04 |
| EUR/USD |
0.2 pips |
$ 0.04 |
| GBP/USD |
0.6 pips |
$ 0.04 |
| NZD/USD |
0.7 pips |
$ 0.06 |
| USD/CAD |
0.5 pips |
$ 0.06 |
| USD/CHF |
0.4 pips |
$ 0.04 |
| USD/JPY |
0.3 pips |
$ 0.04 |
¹Spreads & Commissions: FXCM spreads are variable. Spread figures are time-weighted averages derived from tradable prices at FXCM from 2 July 2014 to 31 July 2014. The spreads and commissions may differ for Active Trader accounts.
Commissions are charged in the currency denomination of your account. Advertised spreads & commissions may not be applicable to certain account types such as client accounts under particular referring brokers.
FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed here. Commissions shown above represent accounts with a base currency of USD.
For more information regarding Forex-Pricing, visit www.fxcm.com/product/forex/forex-pricing/
5. PLATFORM
FXCM combines cutting edge technology with market expertise to deliver its retail FX trading platform. FXCM provides retail customers with software available in more than 16 languages, as well as customer support and research in more than a dozen languages. Retail customers have easy access to the FX market through FXCM’s Trading Station Platform, where they can take advantage of one-click order execution and trading from real time charts, placing six different types of orders. Trades can be executed by using desktop, web or mobile solutions. For more advanced traders, FXCM offers a variety of automated trading platforms that allow users to take advantage of the 24 hour FX market. The selection of software - accessible through Mirror Trader, MetaTrader4 and NinjaTrader - enables users to choose between a choice of systems, programming languages and hosting services.
Platform Name: |
FXCM Trading Station Desktop |
Platform Description: |
The Forex Trading Station Desktop is our proprietary flagship technology platform, also named by Forex Magnates as “Best Proprietary FX Platform” in 2012. Trading Station Desktop combines power and functionality and is accessible through a user-friendly interface. A Windows-based platform with a wide variety of customization options for users to choose from, including a choice of sixteen languages.
- Fractional pricing—in one-tenth of a pip
- 24-hour tight bid and ask spreads
- Live streaming prices for more than 24 currency pairs
- Trade from Charts, One-Click Trading, and Customization
- +600 Custom Indicators and automated Trading
- Platform now available on iPad and Android tablets
|
Trading from charts: |
Yes |
Platform Video Tour |
Trading Platform Video Tour |
Platform Video Tour |
http://www.fxcm.com/resources/video-library/trading-station-features/trading-station-desktop/ |
Platform Name |
FXCM Trading Station Mobile |
Platform Description: |
The Trading Station Mobile Platform is available for iPhone, BlackBerry, Android, and Windows Mobile.
- VIEW LIVE STREAMING RATES-View live streaming rates and spreads on-the-go.
- PLACE MARKET AND ENTRY ORDERS-Place market and entry orders with only a few clicks.
- MANAGE LIVE TRADES AND ORDERS-View real-time P/L. Close all or a portion of live trades.
- MONITOR BALANCE AND MARGIN LEVELS-View balance, equity and margin levels—all on one screen.
- ACCESS AND ANALYZE CHARTS, NEWS AND REPORTS-Streaming news and real-time charts provide actionable trading information.
|
Trading from Charts |
Yes |
EA Compatibility |
No Restrictions |
Platform Video Tour |
Yes |
Platform Video Tour URL: |
http://www.fxcm.com/resources/video-library/mobile/login/ |
Platform Name: |
FXCM Active Trader |
Platform Description |
Active Trader provides a three-dimensional market view: Price, Available Liquidity, and Market Depth. Active Trader gives you the same type of view as a market maker.
- Minimum: $50,000 deposit OR trade more than 10M per month in notional volume
- Up to 10 levels of market depth
- View Available Liquidity at Each Price Level
- One-Click Market Orders with the option to pre-set stops/limits
- Ideal for scalping and short-term trading
|
Trading from charts: |
Yes |
Platform Video Tour: |
Yes |
Platform URL: |
http://www.fxcm.com/services/active-trader/ |
Platform Name: |
FXCM Trading Station Web |
Platform Description |
Trading Station Web is an online forex trading platform designed to offer similar features and a similar trading experience to FXCM's award winning desktop platform, Trading Station Desktop. Can now be used with any Trading Station account login.
- No Downloading or Installation Required
- Works on Mac computers
- Accessible from behind most personal and corporate firewalls
- Trade Directly From Charts
|
Trading from charts: |
Yes |
Platform Video Tour: |
N/A |
Platform Video Tour URL: |
http://www.fxcm.com/resources/video-library/trading-station-features/trading-station-web/ |
Platform Name: |
Mirror Trader |
Platform Description |
- Remove the Emotion and Guesswork from Trading
- Create a Customized Portfolio from over 40 Back-Tested Systems
- Automate Your Trading to Capture Opportunities 24 Hours a Day
- Web-Based Automated Trading Platform—View Performance Anywhere
|
Trading from charts: |
Yes |
Platform Video Tour: |
Yes |
Platform Video Tour URL: |
http://www.fxcm.com/products/specialty-platforms/mirror-trader/dailyfx-trading-signals/ |
Platform Name: |
MetaTrader4 |
Platform Description |
FXCM MT4 platform is integrated seamlessly with our No Dealing Desk Forex execution. No 3rd party bridges and no auto account syncs. We offer more features to enhance your MetaTrader 4 trading experience.
- Accepting All EAs, including Scalping EAs
- FREE VPS Hosting†: Have your trade robot capture trading opportunities 24 per day. Programming services unit to build EAs on demand and support EA developers.
- FXCM App Store professional developed trading apps for MT4
|
Trading from charts: |
Yes |
Platform Video Tour: |
Yes |
Platform Video Tour URL: |
http://www.fxcm.com/products/metatrader-4/ |
Platform Name: |
NinjaTrader |
Platform Description |
NinjaTrader gives traders an edge, allowing in depth market analysis and customizable automated trading strategies.
- Award-winning software beneficial to all trading levels
- Real-time quote sheet Market Analyzer tracks market conditions and trading opportunities
- Easy-to-use Strategy Wizard builds a custom strategy based on conditions you set
|
Trading from charts: |
Yes |
Platform Video Tour: |
No |
Platform Video Tour URL: |
http://www.fxcm.com/products/specialty-platforms/ninjatrader/free-software/ |
6. SUPPORT
|
FreePhone: |
+1 212 897 7660 |
Fax: |
1 888 50 FOREX (36739) |
E-mail: |
info@fxcm.com |
E-mail average response time: |
30 Minutes |
Live chat: |
Yes |
Live Chat Links: (Max. 4 links) |
Customer Service: http://www.fxcm.com/faq.jsp |
Forex Sales: http://www.fxcm.com/support/contact-client-support/ |
Technical Support: http://www.fxcm.com/contact-fxcm.jsp |
|
Languages: |
English, Spanish, French, German, Russian, Arabic, Korean, Chinese, Portuguese, Italian, Scandinavian, Turkish, Greek |
Dealing Desk Support: |
Yes |
Technical Support: |
Yes |
Tech Support Hours: |
24/7 |
FAQ |
Yes |
7. EXTRA SERVICES
Educational Programs: |
FXCM offers educational Forex Videos, Webinars and Seminars to learn the forex market and how you can trade it like an experienced trader.
For more information, visit http://www.fxcm.com/resources/education/overview/ |
Educational Programs Description: |
Free Live Webinars
FXCM LLC offers all possible resources to become a better trader and improve your trading strategies. Over 15 hours of live instructors help.
- Graphical analysis of many pairs of currencies, indices and commodities
- Learn how to identify support and resistance levels in real time.
- Learn how to identify trade set ups based on SSI real time.
- Each session is led by an analyst and followed by questions/answers with the public.
- For more information, Webinars
DailyFX Forum
- Interact with other traders and discuss the market
- Share what you're learning with the trading community
- For more information, DailyFX Forum
DailyFX+ Trading Course
- Learn to Read Charts and Time the Market
- Learn to Identify Trends
- Identify important Political/Economic Events
- 60 Video Lessons for you to choose from
- Over 15 Hours of Live Instructor Help Webinars each week
- Community Forums to get feedback, ask questions, and share what you're learning
- Optional Homework Assignments to test your knowledge and understanding
- Learn more, Trading Course
New to Forex Guide
- Learn how to trade Forex and the top elements you need to become a Forex trader.
- More information, Free Guide
Traits of Successful Trades eGuide
|
Educational Programs link: |
http://www.fxcm.com/forex-trading-course.jsp |
News service: |
Yes , DailyFX.com |
Research: |
Yes, DailyFX.com |
Awards: |
- 2013 Investment Trends: Overall Client Satisfaction
- 2013 Investment Trends: Online Education Materials
- 2013 Investment Trends: Customer Service
- 2013 Global Financial Award: Best Retail Broker Northern America
- 2013 FXStreet- Best Sell-Side Analysis Contributor: DailyFx
- 2012 Forex Magnates- Best Proprietary FX Platform
- 2012 Investment Trends- Largest Forex Provider*. *Market share by number of primary relationships among current retail Forex traders
- 2012 Investment Trends- Overall Client Satisfaction
- 2012 Investment Trends- Online Education Materials
- 2011 FXStreet- Best FX Awards- Best Broker Research Team: DailyFx
- 2010 FX Traders’ Choice Awards- Eagle Award: Best Broker- Europe Falcon Award: High Broker Satisfaction- Oceania, Americas, Africa Global Fx Broker- Overall
- 2010 What Investment Magazine- Readership Awards- Best FX Provider 2010
- 2010 Moneyam- Online Finance Awards- Winner Best Online Fx Broker
- 2009, 2010 FX-Week- Winner Best Retail Platform
FX Weeks's e-FX Awards recognize industry excellence in electronic foreign exchange. FXCM is honored to be the recipient of the 2009 and 2010 award for Best Retail Platform.
- 2004, 2005, 2006, 2010 Inc. 500- List of America’s Fastest Growing Companies Four Time Honoree
For over thirty years, Inc. has been the go-to magazine for small business owners. Since 1982, Inc. has recognized America's fastest growing companies with its Inc. 500 list. From 2004 to 2006 FXCM was an honoree on that list.
|
About the Company:
FXCM Inc. (NYSE:FXCM) is a leading online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Visit www.fxcm.com and follow us on Twitter @FXCM, Facebook FXCM, Google+ FXCM or YouTube FXCM
Risk Disclaimers:
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in a loss of some or all of your deposited funds, therefore may not be suitable for all investors. FXCM LLC is regulated by National Futures Association [NFA # 0308179].
*No Re-Quote Policy: FXCM maintains a no re-quote policy. Circumstances exist based on order size, trading pattern, and market conditions where individuals may not receive execution at the requested rate. Orders are executed at the next available rate within the trader's parameters, subject to market conditions. The difference between the requested rate and final execution price may be more or less advantageous based on the market activity and available liquidity.
**Leverage is a double-edged sword, and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.
† Maintain a $5,000 balance on your MT4 account, and the VPS is yours at no cost. If you do not meet this requirement, a fee of $30 may be debited from any of your FXCM account(s) to cover the VPS cost.
¹Spreads & Commissions: FXCM spreads are variable. Spread figures are time-weighted averages derived from tradable prices at FXCM from 2 July 2014 to 31 July 2014. The spreads and commissions may differ for Active Trader accounts. Commissions are charged in the currency denomination of your account. Advertised spreads & commissions may not be applicable to certain account types such as client accounts under particular referring brokers. FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed here. Commissions shown above represent accounts with a base currency of USD.
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