The desktop version is compatible with Windows, Linux, and Mac OS, while the web-version is accessible through all fxcm canada review major browsers. The mobile version is compatible with iOS and Android devices and can be downloaded for free on Google Play Store and App Store. Upload a valid government-issued photo ID (like a passport or driver’s license) along with a recent proof of address (utility bill or bank statement).

FXCM education section provides for a good range of choice when it comes to learning more about forex trading and the wider industry. The range of materials available here is ideal for beginners, but also has something to offer more experienced traders particularly through the daily webinars that are made available. This includes a selection of major, minor, and exotic pairs with some forex futures also available. The spread here typically starts from 1.3 pips for EUR/USD unless you are in the active trader program where this can drop to 0.2 pips.

Trading Conditions

With expert-led sessions and focused content on forex and cryptocurrencies, FXCM supports your journey to becoming a confident and successful trader. FXCM delivers a one-stop trading experience with a strong range of available markets. Whether you want to focus on forex, branch into shares, or trade crypto CFDs, FXCM’s diverse product lineup, straightforward pricing, and reliable platforms make multi-market trading simple. The FXCM Active Trader Rebate Program is built for traders who want more value for their volume.

Trading offers: A review of the conditions for traders

Overall, traders highlight solid performance and features, with a common request for clearer fee structures. FXCM offers live chat, email support, and phone support around the clock Monday to Friday. Its multilingual support teams handle general account questions, technical issues, and trading platform assistance. FXCM delivers 24/5 customer support through phone, email, and live chat.

The only drawback with this broker is that users may have to wait for up to 48 hours for their ID to be verified. FXCM’s CFD trading combines the reach of a global broker with powerful leverage and low fees. Flexible trading hours, award-winning support, and an intuitive multi-asset platform make FXCM an ideal choice for traders seeking dynamic opportunities across global markets. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version.

Account Types

Yes, FXCM is regulated by several reputable authorities, including the 🇬🇧 FCA, 🇦🇺 ASIC, 🇨🇾 CySEC, and 🇿🇦 FSCA. These regulations enforce strict standards to protect traders and ensure transparency in FXCM’s operations. Yes, FXCM operates under multiple regulations, including the FCA (🇬🇧 UK), CySEC (🇨🇾 Cyprus), ASIC (🇦🇺 Australia), and FSCA (🇿🇦 South Africa).

• FXCM doesn’t provide any extra fortification through a private coverage firm.
• To learn more about the FXCM funding and withdrawal options available in your area, you can explore the FXCM website.
• Withdrawal methods may vary depending on the trader’s region and the regulatory entity overseeing their account.
• This helps ensure that even if the broker did run into financial troubles, you would be fully protected.
• As FXCM supports a wide range of trading platforms and features, both beginner and experienced traders will find that this online broker has a lot to offer to help meet their trading needs and goals.

FXCM has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support. While learning, you can also use global trading times to practice making live buy or sell trades using FXCM. This hands-on experience can help you gain confidence and become more comfortable with trading. Stop-loss orders are especially important for FXCM traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an FXCM trader should use a stop-loss order can vary depending on the specific trade and market conditions. The next step involves submitting identification documents for FXCM account validation and making a deposit.

How does the FXCM Active Trader Rebate Program work?

Also available are free trading courses, webinars, and trading workshops. The workshops take place at FXCM’s offices in all the jurisdictions of operations. FXCM was launched in 1999 and currently operates in over 50 countries. It is among the most revered brokers across the globe and is regulated in all jurisdictions by top-tier regulatory bodies. The regulators include the UK Financial Conduct Authority (FCA), the Australian Securities and Exchange Commission (ASIC), and the South Africa Financial Sector Conduct Authority (FSC). Yes, FXCM has global offices with local teams in regions such as 🇬🇧 UK, 🇦🇺 Australia, 🇨🇾 Cyprus, 🇿🇦 South Africa, and more.

• The task becomes even more daunting when considering the vast number of online brokers like FXCM available, each with unique features, fees, and regulations.
• – The Forex Broker offers currencies, commodities, indices, metals, and cryptocurrencies to trade.
• Even though the recorded spreads commissions are average to competitive, they don’t have the side-by-side comparison.
• FXCM offers a variety of withdrawal options including bank wire transfers, credit/debit cards, and e-wallets like Skrill.
• In order to open an account with this broker, you will need to make sure that you visit the correct website.
• With over 20 years of experience, FXCM is one of the oldest spot forex and CFDs brokers.

Trading Platform Screenshots

However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. Please be aware that FXCM does not currently support the MetaTrader 5 (MT5) trading platform. However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

When it comes to payment options, eToro supports an array of deposit methods such as via debit cards and credit cards, Neteller, PayPal, and more. After having completed the application you will be given your login credentials. The quickest method to use when depositing funds to your account is with a credit card or debit card. For instance, let’s say you buy and sell the EUR/GBP currency pair and during a given calendar month you reach $160 million in notional volume traded. As you reach Tier 4, you will earn $20 per million traded, giving you a total rebate of $3,200.

Once you have deposited funds into your account, you can start trading financial instruments with the click of a button. Choose from the supported trading platforms such as MT4 and Capitalise.ai based on your trading goals and preferences. Placing your first trade involves a myriad of key elements such as leverage, margin requirements, choosing whether to go long or short, placing an order type and more. As you would expect, FXCM’s Active Trader account is ideal for active traders as it offers very competitive spreads when compared to the individual standard trading account. For instance, the typical spread for the EUR/USD currency pair is 0.2 pips. FXCM also offers tight spreads, for example, the typical spread for the EUR/USD pair is 1.3 pips.

Traders often highlight FXCM’s user-friendly platforms, responsive customer service, and robust educational resources as key strengths. The FXCM MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give FXCM traders detailed market tools. Millions of people worldwide use Android mobile devices and tablets, and FXCM offers its clients access to the MetaTrader 4 platform on these devices. With the FXCM MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing FXCM traders to stay on top of their trades and react quickly to changes in the market.

Anthony Milev reached out to me and was helpful and patient in helping me negotiate my demo account and also access the charts and tools on trading view. Though, this gives FXCM’s products and services barred to certain clients depending on their location and country. This is due to the strict regulations given by the authorities of a country and can prove to be of inconvenience to some trading with them.

As mentioned, the timing is usually instant but wire transfer may take a couple of business days to complete. Here are some more details in regard to the FXCM minimum deposit and the deposit methods that are available to you as a trader with FXCM. Here is a closer look at exactly what the broker makes available in this respect. When it comes to FXCM awards, they have won more than 25 over the years. This includes picking up an award for having the best trading tools in 2020.

The process and duration of withdrawal depend on the method of payment you have selected. Note that if a request is made for credit/debit card withdrawals, you are only permitted to remove the whole amount initially deposited into that account. Withdrawal of a more considerable sum can be made through bank transfers or any other alternative means. FXCM offers more than 200 instruments for trading yet the range is different based on entity rules and offerings. Through our efforts in the leadgen campaigns for forextraders.com, we’ve been finessing the nurturing process through a CRM.

Moreover, the broker provides regular webinars for updates on the latest market developments. Traders are also given opportunities to learn by challenging each other through contests with prices of up to $10,000. FXCM makes funding and withdrawing from your trading account simple and secure. Traders can choose from multiple payment methods, including cards and bank transfers. Processing times are competitive, and FXCM provides clear guidance to ensure you can access your funds when you need them. FXCM rewards active traders through its Rebate Program by paying cash rebates based on monthly trading volume.

FXCM review written by Andrew Blumer and Mark Hansen

FXCM doesn’t provide any extra fortification through a private coverage firm. This broker also provides a comprehensive and well-organised FAQ page. The FAQ covers topics from basic to the most advanced, including matters relating to tax. Moreover, the page comes with a search box to help users navigate easily.

This helps ensure that even if the broker did run into financial troubles, you would be fully protected. Overall, if you are into spread betting then FXCM could be a good value starting point with a low spread and accessible minimum deposit. FXCM spread betting is made available where regulation permits, to UK and Ireland based traders.