The entry/maintenance margin is the initial deposit set aside as collateral in order to open and maintain a position. To find the exact amount of required margin to open a position, simply check under the MMR column on the Trading Station platform. We tested it and collected the options and costs in How to withdraw money on FXCM.
We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Since being founded in the US in 1999 they have gone on to become one of the most popular choices for new and experienced traders around the world. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. It means a lot to know that our platform meets your trading needs and that you are satisfied with the provided support! In any case, if you ever want to share any feedback, our team would be more than happy to hear you out. With Negative balance protection, traders cannot lose more money than they have deposited.
This generated annual retail trading volume valued at US$3.9 trillion. In addition, FXCM has worked with more than 700 institutional clients over the course of the past decade. FXCM’s Active Trader account is designed for traders who actively trade. When trading is more than a hobby, treat yourself to our very best. Active Trader benefits include dedicated support, premium services and custom solutions.
Is FXCM Safe?
I opened a new account but could not set stop loss and the quotation closed. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about is fxcm legit genuine experiences.Learn more about other kinds of reviews. Customer support was attentive to my concerns and made sure the case was closed when my issues were addressed.
With FXCM’s Market Scanner, you get a quick way to screen Forex and CFDs using the technical parameters you like best. The market scanner will then give you the five strongest signals based on your preferences. I found this tool to be a really way to find trade ideas which can be helpful if you need some inspiration. It gives the latest news and happenings in the economic activities of different nations. This can be a great way to get inspired about possible trade opportunities and to assist with making informed decisions.
The broker was founded in 1999 with a mission to provide access to the financial markets via innovative tools and superior trading conditions. I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis. They are a global trading broker with offices in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan. The brand also has affiliate offices in Toronto and Tel Aviv, Israel. FXCM is a retail forex and CFD broker that operates as a No Dealing Desk (NDD) broker.
- Of course there are traders that are happy with FXCM but there are not many of them.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- That being said, each platform is good in its own right with different advantages and disadvantages that we will cover in this section.
CFD spreads also differ with the instrument traded and the type of account. The average spread for S&P 500 CFD through the Standard and Active Trader accounts is 0.38 pips. When it comes to crypto, FXCM bitcoin spreads are among the most competitive in the industry.