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14:49		 LONDON
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04:49

Forex Brokers

FXCM
Name:
FXCM
14_screen1
Website:
http://www.fxcm.com
Platform:
FXCM Trading Station II, FXCM Active Trader, MT4, Mobile TSII Trading Platform
Online Since:
1999
Country:
U.S. (CFTC, NFA Member), U.K. (FSA), Dubai (DMCC), Hong Kong (SFC), Australia (ASIC), France (FSA/CECEI), Italy (CONSOB)
Bonus:
Changing
Leverage:
200:1
Spread:
As low as 1 Pip
14_small_logo Go to FXCM website
Registration Process Other Commodities Practice Trading Account Micro Trading Account Islamic Account
Available Available Available Available
Founded in 1999, FXCM is one of the largest and most financially strong forex brokers, and is regulated in the United States, the United Kingdom, Dubai, Hong Kong, Australia, Italy, and France. FXCM offers a wide variety of products and services, providing No Dealing Desk trading execution* to over 150,000 live accounts trading through multiple platforms offered by FXCM. FXCM’s No Dealing Desk Execution* eliminates any conflict of interest between broker and trader, 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**.



Key benefits to trading with FXCM include trading directly from charts, positive rolls at all margin levels, flexible leverage† and free access to real-time proprietary trading signals.



FXCM has a trading volume of over $365 billion worth of transactions monthly and, as a result, FXCM has obtained close banking relationships with some of the world’s largest and most aggressive price providers.  FXCM’s trading platforms have been tested in all market conditions, and routinely handle about 300,000 trades per day, averaging 8,000,000 orders executed each month.



FXCM's discount brokerage division, FXCM Micro, allows traders to experience the excitement of the forex market with as little as $25.



FXCM’s top tier product, Active Trader, offers a level II type trading environment with up to 10 levels of market depth for a liquidity view seen by market makers. Short-term traders have the advantage of seeing actual liquidity available at individual price levels.



FXCM’s CFD product allows traders to trade gold, oil and stock indices, along with forex on one platform.



FXCM has LIVE support 24-hours-a-day, 7 days a week via phone, IM, and e-mail.






*Please note FXCM Micro in its discretion may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.



† 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.
Features
Trading From Charts --Placing trades directly from the charts - No Dealing Desk* Transparent and fair execution. Every trade is 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. The best spreads available to FXCM are streamed to you with a small markup, which is generally one pip or less for major currency pairs. - Fractional Pip Pricing o FXCM offers prices in tenths of a pip to provide lower spreads for popular currency pairs. - MetaTrader 4; All of the features of MetaTrader 4, plus the benefits of trading with one of the largest and most financially strong Forex Brokers.
Pros
Cons
Deposit Options
Credit and Debit Cards, Bank Wire, Paper Cheque
Languages
English, Chinese, Spanish, Japanese, Arabic, Cantonese, French, Farsi, German, Hebrew, Italian, Korean, Portuguese, Russian
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Broker of the Month

logo UFXMarkets provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXMarkets traders can access the biggest market in the world 24 hours a day with ease.

By keeping their new ParagonEX 4.1 platform, site and deposit process simple, safe and secure, UFXMarkets have become the web’s premier online forex trader.

Promotion of the Month

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Markets.com will teach you to trade Forex with 1-on-1 Personal Training, a detailed Beginners Trading Guide and Weekly Market News & Analysis. Markets.com offers its traders the best trading experience, coupled with numerous trading benefits. Check them out

Polls

Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex


1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.