FXCM Review – Is FXCM Scam or a Legit Crypto Broker?

FXCM Review

FXCM logo

FXCM is a clear winner for traders who value multiple trading tools and high-quality market analysis, particularly when it comes to algorithmic trading. In this FXCM review, we will discuss some of its amazing features.

Overview Of FXCM

FXCM is one of the first companies to offer online trading, including foreign currency or Currency exchange trading, stocks, CFDs, commodities, and indices. FXCM was founded in 1998 and is headquartered in London, UK.

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The company’s primary goal when it was founded in 1998 was to provide worldwide traders with connectivity to the world’s most liquid market via innovative trading tools, the support of outstanding trading educators, and the operation of all of these services following strict financial standards.

Leucadia National Corporation has acquired a majority economic ownership stake in FXCM due to the company’s growth and tremendous potential since January 2015. It is an LLC with a strong reputation that invests in a varied range of enterprises, primarily financial services.

FXCM website

The FXCM Group provides professional customer support services to clients regardless of their location through a global network of offices in Germany, Australia, France, and Italy, among other countries.

Since entering into relationships with local businesses, FXCM has expanded its reach to include citizens of Greece, Israel, South Africa, and the rest of the world through its network of affiliated offices, to become a truly global broker.

Consequently, FXCM strives to provide the best trading experience possible by developing intuitive trading platform options, such as the award-winning Trading Station, as well as a variety of appealing options for trading experience, such as the multiple automated trading strategies.

A Regulated Trading Platform

The FCA (Financial Conduct Authority) has authorized and regulated FXCM LTD in the United Kingdom, where the company’s headquarters are located. According to FCA rules and regulations, the broker must adhere to strict standards, which include capital adequacy requirements and transparency of corporate practices by those standards. Client funds must also be kept safe by being held in segregated accounts, as FCA regulations require.

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HYCM trading platform

High Leverage

FXCM offers the ability to trade Forex and CFDs with leverage, which provides an edge even on the tiniest market movements. In layman’s terms, leverage is indeed a lending shoulder that your broker extends to your account (trading) to increase the size of your trading positions.

Different levels of leverages are available at FXCM. They are determined by the funds available in the traders’ accounts and the regulations that particular nationalities or accounts may fall under.

New traders start with a 50:1 leverage ratio, which can increase to 200:1 on Forex and 400:1 on CFDs if they are Australian residents or have accounts regulated by the Australian Securities and Investments Commission.

Trading Accounts

At FXCM, you can trade all of the financial instruments available on the company’s platform using a single account. Traders can create a live forex account quickly and easily, where you first sign up for a Demo account. Then, after confirming your residency and compliance with the application, you can begin live trading.

Beginners will find FXCM’s offerings fairly appealing, with the company also proposing welcome incentives for select businesses under specific circumstances that can be seen on the company’s current website.

FXCM’s Active Trader account, geared toward high-volume investors, offers an intriguing possibility. Because you are an Active Trader, you can make use of premium services and customized solutions, in addition to receiving decreased spread fees based on the volume of trades you make.

Customer Support

Another plus is FXTM’s client-focused approach, which complements its strong trading proposition. Customer support is offered via a variety of channels, including phone, Live Chat, Email, and dedicated lines expressly for the African region, owing to FXCM’s focus on the continent.

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Conclusion

Overall, the broker’s excellent past, years of successful operation, and ownership by a reputable financial world firm are proof of FXCM’s dependable and secure trading environment. Active or high-volume traders can use a variety of interfaces, excellent and competitive value spreads, or advanced technical feature offers.

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