This FXCM review breaks down each of the relevant non-trading fees for you in detail. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than daily. Over the past 26 years, FXCM has developed into one of the best online brokers available to the public. We recognize that well-informed decisions with FXCM are the cornerstone of successful trading.
- When it comes to financing fees, our FXCM review found that this app does not charge any deposit and withdrawal fees nor account management fees.
- Thoughts.money recommends FXCM.com as a solid and reliable Forex and CFD broker.
- He has also published a book in 2023 on on investing and trading.
FXCM withdrawal and funding methods
You should take the security of your personal information seriously and check SSL encryption is enabled on the FXCM trading platform to protect you on PC and mobile FXCM platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using FXCM web trading platforms. It’s essential to note that the trading instruments offered under the FXCM brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments.
- Things are looking good for the future reputation of FXCM, but it will be a while before it is completely healed.
- FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics.
- Its commitment to regulatory compliance and security, along with a wealth of educational resources, ensures that traders can make informed decisions.
FXCM Mobile Trading Platform – Trading Station
To learn more about the FXCM funding and withdrawal options available in your area, you can explore the FXCM website. Whatever you are looking to trade, the varying FXCM account types will be able to provide you with what you need. FXCM are able to accommodate various levels of traders whether you are experienced or a beginner. We understand that informed decisions with FXCM are the key to successful trading, so we’ve provided this detailed FXCM review.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. FXCM customers have instant access to the financial market and can completely manage a Portfolio on the go. Brokers like FXCM must disclose any inactivity fees as part of their regulations.
Through these card-styled options you’ll be able to quickly find each asset based on its category or country (in the case of shares). At the home area the first thing you’ll notice is that your account financials are clearly presented at the top of the screen. When it comes to platforms, FXCM is definitely well served when compared to any other competitor out there. We may receive compensation from our partners for placement of their products or services, which helps to maintain fxcm canada review our site. We may also receive compensation if you click on certain links posted on our site.
How to Use the FXCM App
Some accounts offer a commission-and-spread model whereas Active Trader accounts come with ultra-tight spreads (from 0.2 pips) and discounted commissions ($25 per $1 million traded). All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. If your balance is negative, FXCM indicates that you contact client services. For this, you can correct any imbalances within your own account.
In this section of our FXCM app review, we are going to discuss some of the key tools and features available on the FXCM trading mobile apps. On the other hand, the MetaTrader4 – though it is not that complicated- is more suitable for active day traders that use technical analysis and place many orders in the market. The app is equipped with in-build basic charting package and some of the most basic features for trading that a trader would need. Once you enter the application, you’ll see a screen with instruments quotes. If you want to analyse the instrument or place an order, click on the instrument and you’ll be transferred to the instrument page, as you can see in the image below. FXCM is a solid choice if you seek a well-regulated broker with user-friendly platforms and strong educational support.
Compare Forex Brokers
You can use this feature to build your faith in the system and yourself and your trading strategies. When engaging in online trading with platforms such as FXCM, it’s crucial to carefully assess FXCM as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your FXCM investments to flourish. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders. Between 74-89% of retail investor accounts lose money when trading CFDs.
Best Forex Brokers for Professionals
Users can choose FXCM’s own Trading Station or some of the other well-known trading platforms like MetaTrader 4, ZuluTrade, and NinjaTrader. Another important aspect of online trading that you shouldn’t ignore — offered by FXCM and every regulated Forex broker — is negative balance protection. For this reason, regulation is critical to your online trading experience. Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies.
FXCM Web Trading Platform – Trading Station
There are only 39 currency pairs to choose from, as well as 14 Stock Index CFDs and 10 Commodity CFDs. This was found out and was followed by a list of fraud charges and a $7 million penalty. Additionally, FXCM also provides educational videos and webinars. FXCM’s charts are great, but nowadays, no broker’s charts are a match for TradingView so in this case, there are not many positive points to describe given that FXCM also provides the TradingView option. While testing the platform, we used a 13” Macbook Pro, so our screensize did not allow for the standard layout to be fully visible, meaning that we had to scroll down to gain sight of the other blocks. The subsection of “Explore Markets” is where the juice of the discover section can be squeezed.
Clients with a notional trading volume of more than 10 million USD per month are eligible for rebates, dedicated customer support, free VPS services, and free access to multiple APIs. FXCM offers its users the ZuluTrade, which is one of the largest social trading platforms in the world and is available on desktop and mobile apps. Essentially, the ZuluTrade allows traders to copy the trades of experienced traders in the forex and CFD market and also interact with other members of the community. You should note, however, that you can only use ZuluTrade on the Trading Station account. Millions of people worldwide use Android mobile devices and tablets, and FXCM offers its clients access to the MetaTrader 4 platform on these devices.
FXCM customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go. The broker goes to great lengths to comprehend what dealers want. The agent also gives a variety of programs for all types of traders. FXCM ensures that the individual needs of all traders are met to the best of their ability. This FXCM review has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about FXCM to give you the most comprehensive guide available.