FXCM - What's now?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- What is FXCM?
- Trading and Service Condition of FXCM
- Financial Products you can invest in with FXCM
- Tax-Free Spread Betting for UK traders
- FXCM’s Award Winning Trading Platforms
What is FXCM?
FXCM, a leading provider of online foreign exchange (FX) trading, CFD trading and related services.
With FXCM, you can trade Spread Betting (only available to UK and Ireland residents), Shares, Forex, Crypto, Oil and Gold with zero commissions.
By becoming a client of FXCM, you can invest in all of these financial markets through FXTM’s online trading platforms which you can access from PC or mobile phones anytime and anywhere.
With FXCM, you can invest online without additional trading commissions, while you can benefit from various trading tools and platforms for free through FXCM Official Website.
FXCM prides themselves the growing international presence, while meeting strict regulatory and financial standards.
FXCM brand is regulated and licensed by multiple financial authorities in order to provide secure, suitable and comfortable trading experience for traders all over the world.
With offices located in several places in the world, FXCM’s team is ready to support clients in multi-language for 24 hours a day and 5 days a week.
Whether you are a new or experienced trader, FXCM has educational guides and trading tools to assist you to get started in online trading.
Trading and Service Condition of FXCM
FXCM is an international online brokerage firm which provides various financial products for trading.
See the table below for the summary of FXCM’s trading conditions in general.
|Financial Products||CFDs on Forex, Shares, Indices, Commodities, Cryptocurrencies and Spread Betting|
|Trading Platforms||MT4 (MetaTrader4), Trading Station Web, Ninja Trader|
|Demo Risk Free Account||Available|
|Average Minimum Spread||1.4 pips (EUR/USD)|
|Additional Trading Commission||None|
|Swap Points (Overnight Interest)||Credited / Charged|
|Average Execution Speed||28 milliseconds|
|ZuluTrade Copy Trade||Available|
|Mobile Apps||Available for Android and iOS devices|
Note that the above table shows the summary of FXCM’s service, but some conditions maybe different for traders residing in certain jurisdictions.
To find out more details, please FXCM Official Website.
Financial Products you can trade with FXCM
FXCM as an international brokerage firm, provides a number of financial products to invest in.
Mainly the available financial products are Forex, Shares, Indices, Commodities, Cryptocurrencies and Spread Betting.
Let’s look into the characteristics of each financial product and find the most suitable markets for you.
1. Forex Currency Pairs
Forex currency pairs are the most traded products by online investors.
With FXCM, you can trade Forex currency pairs with up to 1:400 high leverage, which increases the trading volume and lets you trade more volume than the original margin.
Typical for major Forex currency pairs, FXCM’s deep liquidity makes it easier to execute orders even with large volumes.
Along with major currencies such as EUR, USD, GBP and JPY, FXCM also provides minor and exotic currencies such as MXN (Mexican Peso), NOK (Norwegian Krone), SEK (Swedish Krona), TRY (Turkish Lira) and ZAR (South African Rand).
These exotic currencies are suited for trading to earn Swap Points, due to high interest rate when buying these currencies.
Explore FXCM’s quality pricing, transparency and execution services in the official website.
With FXCM, you can trade CFDs on Shares.
The list of available Shares for trading includes all the major company stocks such as Apple, Facebook and Tesla.
As FXCM is offering Stock CFDs instead of real Shares in the exchange market, there are various merits that you can benefit from.
One benefit would be the trading cost.
As Stock CFDs eliminates unnecessarily costs for transaction and other agency commissions, you can trade Stock CFDs with no additional trading commission, but the cost is only the spread (the difference of bid and ask prices).
Another merit is the high leverage, for non EU and UK clients.
With FXCM, you can trade Stocks with up to 1:10 leverage, meaning that you only need to cover 10% of the whole trading volume as margin.
The last but not least, is the possibility of hedging.
Stock CFDs market allow you place orders on both directions, thus you can also make profit from falling market prices.
Hedging of positions is also not limited with FXCM.
Trade some of the most popular international companies with FXCM.
3. Stock Indices
Stock index is a collection of stocks.
With FXCM’s Stock Indices, you can invest in stock markets without a need of picking individual stocks.
You can choose the market to invest by nationally, regionally, globally, and even by industry.
For the trading of Stock Indices, FXCM does not charge any additional trading commissions, but the trading cost you need to cover is only the spread.
And the average spread by contract is also reduced to minimal.
The minimum lot size for FXCM’s index CFDs is 1 contract, meaning you can trade an index for as low as $0.10 to minimise your risk exposure.
Invest in Stock Indices with low spreads and enhanced execution on FXTM’s trading platforms.
Commodities are the most popular CFD products traded by online traders.
With FXCM, you can trade variety of commodity CFDs such as energies (Natural Gas, Brent Crude, WTI Light Sweet Crude Oil), precious metals (Copper, Gold, Silver) and agricultural commodities (Corn, Soy, Wheat).
To trade commodity CFDs, you can utilize leverage, which allows you to enter the market with only a fraction of the total trade size.
FXCM does not have any stop and limit restrictions, thus you can place pending orders wherever you like.
FXCM keeps the trading cost to the minimal, as there is no additional trading commission for trading.
Trade on the price movement of metals, oil and gas, similar to Forex with FXCM.
5. Cryptocurrency Pairs
With FXCM, you can trade Cryptocurrency markets without a need of having a Crypto wallet or actual Cryptocurrencies.
The available Cryptocurrency pairs for trading include Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), Litecoin (LTC/USD) and Bitcoin Cash ABC (BCH/USD).
You can utilize up to 1:4 effective leverage for Cryptocurrency trading.
Are you interested in trading Cryptocurrency?
With FXCM, you can benefit from their advanced trading platforms, regulations for safe environment and various trading tools for free.
FXCM also offers Bitcoin trading with one of the lowest trading cost.
Tax-Free Spread Betting for UK and Ireland
For residents of UK and Ireland, FXCM provides “Spread Betting” on the award-winning trading platforms.
FXCM’s spread betting is a derivative product which speculate on the future pricing volatility facing a specific asset class.
FXCM’s spread betting is a “Tax Free” way of trading for traders in UK and Ireland.
With FXCM, spread betting is also commission-free and you can trade with up to 1:30 leverage.
Why Spread Betting is popular among traders? Here are some of the main reasons:
- Tax Free Trading
- When trading spread betting with FXCM, there is no tax on capital gains or stamp duty.
- Leveraged Spread Betting Trading
- With FXCM, you can leverage your spread betting trading up to 1:30 or 1:2 depending on the instrument you trade.
- Bet On Both Directions
- With FXCM’s spread betting, you can trade for both directions and make profit from both rising and falling market prices.
- Betting on Small Volume
- You can bet from 7p a point with FXCM on spread betting.
FXCM’s Award Winning Trading Platforms
FXCM provides its traders with a number of award-winning trading platforms which are:
- MT4 (MetaTrader4)
- Trading Station
All of the trading platforms are free to use, and each of them has different advantages for traders.
FXCM’s trading platforms suit the needs of any types of traders with any types of trading strategies.
Let’s look into the features of each trading platform below.
1. Trading Station
FXCM’s proprietary platform, Trading Station is built in MAC friendly HTML5.
FXCM’s Trading Station is a web-based trading platform which provides you comfort in trading with clean look and a number of advanced trading tools.
Directly on FXCM’s Trading Station, you can stay updated of important financial news and events, while you can also educate yourself with FXCM’s market analysis and educational guides.
You can access to FXCM’s Trading Station via web and mobile device for free.
FXCM’s NinjaTrader supports Forex, Futures and Equity tradings, and now “Spread Betting” is also available for UK and Ireland traders.
FXCM’s NinjaTrader specializes in system development and strategy builder with NinjaScript programming language.
FXCM’s NinjaTrader is suited for traders who want the advanced analytics, charting and automation capabilities.
If you are interested in increasing potential opportunity in the forex, NinjaTrader can help take market analysis and order execution to the next level.
3. MetaTrader 4 (MT4)
MT4 remains as the most popular trading platform among online Forex traders.
FXCM provides MT4 with the full functionalities for its traders.
FXCM MT4 features all the basic order types, trading tools, chart types, and also 30 built-in indicators in addition to more than 2,000 free custom indicators and 700 for purchase.
FXCM also offers MT4 users Virtual Private Server (VPS) hosting as well as programming services for trade automation via the Expert Advisors application.
ZuluTrade is a “peer-to-peer” copy trading platform provider.
By signing up for ZuluTrade, you will have access to the copy trading platform where you can choose trading signals from thousands of money managers.
For traders who are looking for a profitable trading signals which makes traders automatically in your live trading account, ZuluTrade’s copy trading platform can be a great solution.
ZuluTrade Official Website to find out more about their copy trading service.
CFD Service. Your capital is at risk.
|Rating Traders Rating|
|Regulations Regulations & Licenses|
|Founded Founded in||1999 (21 years)|
|USA clients||Not Accepted|
|Country Base||United Kingdom|
|Headquaters||20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom|
|Cryptos Available Crypto-Currencies|
|Negative Balance||Offer Negative Balance Protection|
|Client Funds Safety||Segregated for regulated entities|
|Deposits Deposit Methods|
|Withdrawals Withdrawal Methods|