It is traded on globally, including in the United States. It is regulated by several bodies including CONSOB, FCA, RFED, NFA, FSM, CFTC, BaFin, ASiC. These regulators are found in various countries including the United Kingdom, United States, Hong Kong, Australia, France and Japan. In addition to this, it is also powered by a range of platforms including MetaTrader 4, Mirror Trader, Active Trader, Trading Station Gateway and Trading Station II.
This broker has more options and tools than any other forex broker that you will find online. There are extensive options available for the forex market, though there are fewer for other options. This makes this site an excellent trading place for traders of all skill levels.
There are various types of accounts that you can open with this broker. The most popular is the standard account, which requires you to have a minimum balance of $2000. Traders who are outside of the United States can experience leverages of up to 1: 200 with this account. Traders within the United States have a leverage of 50:1.
You can get started with the training account which you will have access to for a total of 30 days when you have opened an account. This will contain a total of $50000 in virtual money.
FXCM Trading Platform For All Platforms
The main assets are currency pairs, of which there are more than 50 that you can choose from. This enables you to take advantage of trends from every part of the world. For global reach, it is possible to open your account in a range of currencies, including US Dollars, Euros, British Pounds, Australian Dollars, Canadian Dollars, Yen and New Zealand Dollars.
The spreads on FXCM are typically 2.6 pips for EUR/USD or 3.1 pips for GBP/USD. The spreads can even be as low as 0.2 pips which happens often with the more popular pairs. This is a site where you will find floating spreads that prove to be quite tight which is a result of having an adequate level of competition between the asset providers on the site
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This may not be a feature that is functional but it Is worth mentioning, and this feature is the transparency of the site. In addition to being transparent, it is possible to get any information that you need to know about the site and the markets by simply asking. The customer services staff re able to let you know everything that you need, including allowing you access to their financial statements.
There are also a significant amount of educational resources that are available on this site, and these include articles on forex trading techniques, webinars, a comprehensive video library, eBooks and so on.
By virtue of being a large site that has stood the test of time, traders trust FXCM as it has proven to be highly reliable. The process of executing a trade is quick and there are rarely any problems experienced by traders.