FXCM review logo

TOP broker FXCM Review UK

Website:

Minimum deposit:
$50

★★★★★

4.0/5

Visit Broker
Recommended for
  • beginners 4.6/5
  • equity trading 4.7/5
Trusted broker
  • Low minimum deposits required to begin FX trading
  • Membership in the Jefferies Financial Group offers both financial power and knowledge
  • Available one-click order execution and mobile trading
  • Gives access to premium resources, proprietary data, and educational courses on FX trading
  • Global offices with dedicated 24/7 client service
Popularity
74,125 people chose this broker in the last 6 months

General information

FXCM is a leading forex and CFD broker with decades of experience in the industry. The company was established in 1999 and has its headquarters in London, UK. FXCM offers traders access to a broad range of assets, including forex, stocks, indices, commodities, and cryptocurrencies. The broker provides traders with a choice of different trading platforms, including MetaTrader 4, TradingView, and the in-house Trading Station.

Pros

– Low minimum deposits required to begin FX trading

– Membership in the Jefferies Financial Group offers both financial power and knowledge

– Available one-click order execution and mobile trading

– Gives access to premium resources, proprietary data, and educational courses on FX trading

– Global offices with dedicated 24/7 client service

Cons

– Due to past customer fraud, banned from marketplaces in the United States

Expert opinion

FXCM is a broker with a reputation built on trust and quality service. The broker’s platforms, educational resources, and customer support are of high quality, making FXCM a preferred choice for traders. For more than two decades, the broker has maintained a good track record of regulatory compliance, which indicates a reliable and secure service.

FXCM main highlights

🕐 Founded1999
 ⭐ Rating4.0
🌐 Websitehttps://www.fxcm.com/markets/
💰 Minimum deposit$50
💸 Payment methodsBank transfer, credit/debit cards, Neteller, Skrill, Unionpay

FXCM has a transparent and competitive pricing model with spreads starting from 0.2 pips and no commission for forex trades. For other asset classes, commission fees apply, depending on the type of account that the trader is using. FXCM charges no deposit fees on bank wire transfers, while other payment options may incur a fee, depending on the specific payment method used.

Opening an account at FXCM is an easy and straightforward process that can be completed in a few simple steps. You can use the broker’s online portal to open a live account or a demo account for practice. The broker offers different account types for traders to choose from, depending on their expertise and needs. The process of opening the account is free of charge.

FXCM offers various payment methods, including bank wire transfers, credit/debit cards, and e-wallets. The minimum deposit for a live account varies based on the account type chosen. Withdrawals are processed within one working day, with additional time needed for the bank to process the transaction. There is no fee charged by FXCM when withdrawing funds, but there may be some charges by the payment provider.

FXCM provides traders with multiple trading platforms, including an in-house platform, Trading Station, and other third-party platforms like MetaTrader 4 and TradingView. The Trading Station platform is equipped with advanced charting tools and custom indicators, making it a top choice for technical traders. FXCM’s trading platforms also offer intuitive user interfaces and easy-to-use navigation.

FXCM offers a mobile trading platform called Trading Station Mobile. This platform can be downloaded for free from both the Apple App Store and Google Play. With the Trading Station Mobile app, traders can access a range of powerful trading tools on their smartphones, including the ability to monitor their portfolio, analyse live charts, adjust orders and open new trades . Because of its advanced features and intuitive user interface, the Trading Station Mobile app has received positive reviews and ratings on both platforms.

Top 5 brokers

In this FXCM review, we will explore the features, pros, and cons of a leading broker in the UK. The well-known broker FXCM offers services to both novice traders and seasoned investors. Whether you are new to trading or an experienced investor, it offers a range of services and advantages that make it a popular choice. In this article, we will discuss what sets FXCM apart from other brokers, its safety and reliability, its mobile app, and more. Let’s dive into the details.

What is a broker FXCM?

FXCM, which stands for Forex Capital Markets, is a renowned brokerage firm that provides online trading services to individuals interested in forex, stocks, commodities, and other financial instruments. It functions as a platform for traders to access different marketplaces and carry out trades. This trading platform has over 20 years of experience and a solid reputation in the market. To aid traders in developing their abilities and making wise decisions, it provides cutting-edge trading technology, competitive pricing, and a wealth of training resources.

FXCM review

Pros and cons of the broker FXCM

Let’s examine the benefits and drawbacks of choosing this platform as your broker in this FXCM review table:

– Competitive pricing and low spreads
– Wide range of tradable assets
– User-friendly trading platform
– Access to advanced trading tools
– Strong regulatory oversight

– Limited cryptocurrency offerings
– No direct access to stock markets
– Inactivity fees for dormant accounts
– Limited research and analysis resources
– Limited customer support options

How is the FXCM broker better than the others?

The FXCM forex broker stands out from other brokers in several ways. Here are some key advantages that make it a preferred choice for many traders:

– Competitive Pricing: offers competitive spreads and pricing, ensuring that traders get the best possible deal.

– Advanced Trading Technology: The broker offers access to cutting-edge trading platforms, such as Trading Station and the well-known MetaTrader 4 (MT4). These platforms provide a variety of features and tools to promote effective trading.

– Resources for Learning: FXCM provides a wealth of learning materials, like seminars, tutorials, and market analysis. This helps traders enhance their skills and stay informed about market trends.

– Reliable Customer Support: To help traders with their questions and problems, it offers a dedicated customer support team that is available 24/7.

How safe is Online Broker FXCM?

When picking a broker, safety should be your primary concern. The FXCM forex broker prioritises customer money protection and offers a secure trading environment. Here are a few explanations for why FXCM is regarded as a safe broker:

– Compliance with Regulations: Reputable financial regulators, such as the Financial Conduct Authority (FCA) in the UK, oversee this platform. This guarantees that the broker acts following tight regulations and adheres to accepted industry standards.

– Segregated Accounts: Client monies are kept apart from the broker’s operating funds in segregated bank accounts. Client funds are safeguarded by this segmentation even in the case of the broker’s bankruptcy, adding an added layer of security.

– FXCM provides negative balance protection, which ensures that traders cannot lose more money than they initially invested. This function guards against traders suffering substantial losses that are more than the balance of their account.

Does Broker FXCM have a mobile app, and how convenient is it?

Yes, traders can access their accounts and trade while on the go thanks to FXCM’s mobile app, which is available for both iOS and Android devices. This FXCM app review will show that it offers a range of features and functionalities, including:

– Real-Time Market Data: Traders can stay updated with real-time market prices, charts, and news.

– Trade Execution: The app enables traders to execute trades instantly and manage their positions efficiently.

– Customizable Alerts: Users can set personalized alerts for price movements and market events.

– Account Management: Traders can monitor their account balance, track performance, and manage risk using the mobile app.
Both novice and seasoned traders will find the FXCM mobile app to be easy due to its user-friendly and intuitive design.

Conclusion

In conclusion, the FXCM UK Broker provides traders in the UK with several advantages. It stands out as a dependable option for both novice and seasoned traders with its affordable pricing, cutting-edge trading technology, educational materials, and strict regulatory control. The ease of use and accessibility of trading with an FXCM forex broker is further improved by the availability of a mobile app. We hope this FXCM review will help you. However, traders need to assess their own needs and conduct thorough research before choosing a broker. Always keep in mind that trading contains risks, so it’s important to do your research and use sound risk management techniques.

F.A.Q.

FXCM broker is a reliable and compliant broker, yes. It is regulated by the Financial Conduct Authority (FCA) in the UK, which ensures that the broker operates in compliance with industry standards and safeguards client funds.

Using FXCM as a broker can be a good idea for traders looking for a reliable and well-established platform. It offers competitive pricing, a wide range of tradable assets, and advanced trading technology, making it a popular choice among traders.

Trading with this platform provides opportunities to make profits, but it also carries risks. Trading success is influenced by several variables, such as market conditions, strategy, and risk control. To improve their chances of success, traders should educate themselves, practise risk management, and make well-informed decisions.

Yes, FXCM forex broker is suitable for beginners. It offers educational resources, user-friendly trading platforms, and a supportive customer service team. Beginners will find it simpler to understand the fundamentals of trading thanks to these features.

Yes, FXCM broker is considered safe in the UK.The Financial Conduct Authority (FCA), which oversees its regulation, makes sure that the broker complies with stringent regulatory requirements and offers a secure trading environment.

You have a choice of withdrawal options from your account, including bank wire transfers, credit/debit cards, and online payment processors. For additional instructions, it is advised to visit the official website of FXCM or get in touch with their customer service.

The specific withdrawal alternatives and processes may differ. Depending on the account type, verification status, and applicable laws, the withdrawal limits may change. It’s best to consult the official website or get in touch with their customer service for a detailed FXCM broker review on withdrawal restrictions.

Depending on the type of account you select, a minimum deposit may be needed to open an account with FXCM UK. The most recent information on minimum deposit requirements may be found by visiting the FXCM official website or contacting customer care.

FXCM: Reliable and User-Friendly Trading Platform
Sarah M.

FXCM has provided me with a reliable and user-friendly trading platform. The platform offers a wide range of trading instruments, and the execution is fast and efficient. The customer support team is responsive and helpful, addressing my queries promptly. FXCM is a trusted broker for both beginners and experienced traders.

FXCM: Transparent and Trustworthy Broker
John D.

FXCM has proven to be a transparent and trustworthy broker. They provide clear information on fees, spreads, and market conditions, ensuring transparency throughout the trading process. The platform is stable and easy to navigate, making it suitable for traders of all levels. FXCM is a reliable partner for traders seeking transparency and reliability.

FXCM: Professional Trading Services for Serious Traders
Emily S.

FXCM offers professional trading services that cater to serious traders. Their advanced trading tools and comprehensive research resources have greatly enhanced my trading experience. The low-latency execution and competitive pricing make FXCM an ideal choice for active traders. With their commitment to professionalism, FXCM has become my preferred broker.