- 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.
Overview
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Release Date:1999
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Our Founder:Drew Niv
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Official website:www.fxcm.com
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Start free trial:Yes
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Customer Support:Chat 24/7
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Countries:All