This rating type is not supported in the WP Review Free version
Our note:
FXCM is a quality Forex broker. Its long history and number of clients allows it to offer the most competitive spreads in the market. There’s also nothing to say about withdrawals and regulation. FXCM has a presence in Paris with physical offices.
He also owns the news site DailyFX.
FXCM is a broker with a worldwide reputation in the stock market world. FXCM for “Forex Capital Markets” is a US company that was founded in 1999. With a strong presence on the New York Stock Exchange, its abbreviation NYSE or more commonly known as Wall Street, it is one of the leading financial trading companies on the New York Stock Exchange.
This broker is established in several countries around the world and the service changes from one country to another, in accordance with the national legislation of each country.
A member of the NFA or National Futures Association, the FXCM broker is also listed with FCM or Forex Commision Merchant and works closely with various financial institutions as a reference. It is an internationally recognized forex broker, managed by a French-speaking sales team. This forex broker went through a stalemate for a while and was sanctioned for mismanagement and malfeasance, but has since regained its equilibrium.
Services offered by FXCM
FXCM began as a broker offering its services to the general public in foreign exchange. Currently, it has added index and commodity CFDs to its portfolio. As part of its development, it has set up a number of subsidiaries, including FXCM Ventures, which specialises in investment funds for trading start-ups, and FXCL PRO, which offers its services to institutional structures.
Tending towards independence, it now has its own forex flow. To mark its presence on the international stock market, FXCM attends all media events and sends its financial experts and sales staff to all trade shows related to trading. A special blog has been set up in the presence of DailyFX to introduce the platform to internet users.
The common services that are available to all traders are STP transactions and the Forex Market maker. CFDs, or Contracts for Difference, are not offered in the US and Japan. In the UK, FXCM offers Spread Betting.
FXCM’s Platforms and Trading Benefits
Trading Station and MetaTrader 4 were designed to allow traders to trade in gold, silver, platinum, palladium or copper. For gold and silver transactions, trading offers a fairly high degree of leverage to maintain a constant position.
The costs to be paid are lower than for other activities, as no brokerage commission is payable, and the same applies to exchange fees and clearing fees. The only cost generated is the spread, the difference between the sale price and the purchase price.
Gold re-listing is not possible on FXCM, which reduces costs and ensures that orders are executed quickly. Hedging is possible for gold trades, where a single account can be used for buying and selling gold on a spot basis, while running the traders’ positions. For metals, only copper expires every two months, the rest of the metals can remain open during all transactions.
Energy trading is also available on FXCM. These include crude oil and natural gas. Transaction rates are the same as for metals. Re-quoting is not permitted, and a minimum of $1 US is required for each trade. FXCM’s charts are valuable tools for previewing the risks and profit opportunities in these types of trades.
FXCM’s Compensation and Trading Risks
While FXCM used to be one of the most expensive brokers on a commission basis, since October 2014 it has reviewed its position and offers very competitive trading rates.
FXCM’s remuneration is different from that of other brokers. FXCM is paid a fixed commission at the opening and closing of trades, for “round trip” commissions. Sometimes a Markup, or spread mark-up, is applied for liquidity trades. In the case of dealing desk execution, it positions itself as a dealer, and earns fees related to the activities of its traders.
As with all trading activities, leverage is possible at FXCM: depending on positions and time periods, traders’ bets can turn into huge profits, while at the same time being able to be bankrupted. Therefore, traders are advised not to venture too quickly to other high levels if they have not yet fully mastered trading techniques.
The FXCM support system
Training in trading methods and strategies are offered to FXCM traders on DailyFX 360 course where market analysis and translations of statistics are presented.
In order to allow its clients to verify their trading knowledge, seminars are organized for them. Financial experts demonstrate the best ways to trade, and help clients acquire optimal performance through the strategies taught during these practical days in the classroom.
With a team that assists clients every day, throughout the year, by phone, email or chat, traders are sure to have ears to listen to them to guide them in their navigation, and in their transactions. Trading is a very complex financial field especially for a beginner, but well accompanied, he can make profits on online binary options trading.
In summary..
FXCM is an internationally renowned brokerage platform. As with all online Forex and Binary Options trading, the risks are enormous, but the opportunities for profit also exist. A wise trader starts by learning about brokerage methods and strategies, assimilates these trainings, and then bets a large amount.
The volatility of the trading markets is not controllable, but with the charts and analyses presented on the site, the risks are limited, provided, of course, that you know how to seize profit opportunities.
An innovative technology has been developed by FXCM to implement a beneficial interface for customers. The training courses, assistant support and educational sessions for trainers are tools for customers.
Investors are expected to comply with trading rules as FXCM is not responsible for any losses. For online trading, it is necessary to move carefully from one level to the next, making sure that the techniques used are appropriate, and that the position is timely. However, FXCM is committed to providing our clients with the best environment and tools to trade with confidence.