Opinions and information about the forex broker FXCM
¿Is FXCM a reliable broker? In this section we will talk about this broker, and we invite anyone who has experience with it, to leave a comment with their experience.
FXCM Holdings, LLC, now known as FXCM Group, or simply as FXCM, is one of the largest brokers (if not the largest of all) with more than 200.000 active accounts.
The company is based in New York and was founded in 1999. So it is one of the most recognized companies in the world of forex trading. It is considered one of the first companies to trade forex. The company has offices in New York, London, Berlin, Sydney, Paris, Milan, Tokyo, Athens, Hong Kong, Toronto, Tel Aviv, Santiago de Chile and Johannesburg. Another interesting fact about this broker is that the Dailyfx site (news and analysis on forex) is owned by it, as well as the Dailyfx forum, which is also a benchmark in terms of FX forums.
Even being one of the best-known and largest broker companies in the world, FXCM almost went bankrupt in January 2015, apparently due to the sudden movement in the Swiss franc (it was freely traded and without a minimum exchange rate). The broker suffered very considerable losses and had to be saved by Leucadia.
When we look at the types of account that the broker offers, we have 3 different types of account. First of all we have the MINI type account, this is to start operating with little money, since the initial deposit required is $ 50. Leverage is up to 400: 1 on FX and 200: 1 on CFDs. The account type that follows is the STANDARD account type, the minimum deposit is $ 10.000. Leverage is up to 100: 1 on FX and 200: 1 on CFDs. The last type of account is the ACTIVE TRADER account. The minimum deposit in this type of account is $ 25.000, the leverage like the STANDARD account is up to 400: 1 in FX and up to 200: 1 in CFDs. In general, the MINI account is ideal for traders who are just starting out, or want to start with little money. The STANDARD account offers FX pricing structure with lower commissions. The ACTIVE TRADER Account is for more experienced traders
If we look at the resources that the broker offers on its website, we can see the forex chart, the economic calendar, video library, online conferences, trade coach (although for this we must pay) and the FXCM trading tour.
FXCM broker features
Additional information about the company
Phone number: +1 866 272-2715
E-mail: [email protected]
Clarification: Note that FXCM works in different countries, so the information provided may not apply to your country.
With the information we have so far, the comments and reviews of users and traders, our opinion is that FXCM is a broker that can be trusted.
Do you know this broker? Have you operated with him? Leave a comment with your experience.
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