Founded in 1999, FXCM Group (FXCM) is a Leucadia Company, which falls under the arm of Jefferies Financial (NYSE: JEF).
FXCM is regulated in three tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
In our testing, FXCM earned Best in Class (top 7) for its Platforms and Tools, Professional Trading, Algorithmic Trading and Social Copy Trading. There’s no question; FXCM delivers in the areas important to traders.
FXCM publishes detailed monthly execution reports highlighting slippage statistics and trade execution quality across all order types.
In addition to the native Signals market on MetaTrader, FXCM offers the ZuluTrade platform for copy trading (only available in certain regions).
FXCM is a leader in algorithmic trading solutions, whether you’re a beginner using Capitalise.io or an advanced coder using Python.
Research and educational content are of good quality, but trails category leaders such as IG and Saxo Bank in terms of quantity and variety.
FXCM offers a limited selection of CFDs, and its offering of exchange-traded securities was recently discontinued.
Effective spreads (with commissions factored in) for forex and CFD trading are slightly higher than the industry average.
Although a wide variety of third-party platforms are supported for algorithmic trading, MetaTrader 5 (MT5) is not available at FXCM.
