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FXCM Reviews

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Editor's Overall Rating:
Average User Rating:
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Category: UK Online Trading Websites
Website: http://www.fxcm.co.uk

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Editor's Review Costs & Features Videos User Reviews
 

FXCM Costs & Features


Compiled by No1Reviews.com.

Costs:

  • FREE demo account with $50000 virtual money
  • Choose from a variety of accounts offering different features at varying minimum deposits:
    • FXCM Micro Account: $50
    • Spread Betting Account: 2000 GBP
    • MetaTrader 4 Account: 2000 GBP
    • FX, Oil, Gold and Stock Indices Trader Account: 2000 GBP
    • Active Trader Account: $50000
  • Low spreads on currency pairs:
    • EU/USD from 0.7 pips
    • GBP/USD from 1.8 pips
    • USD/JPY from 1.2 pips
    • USD/CHF from 1.8 pips
  • Low commissions:
    • $5 per side per 10K lot for an account trading 10M per month
    • $3.5 per side per 10K lot for an account trading 100M per month

 

Features:
  • FXCM Active Trader is a web based trading platform
    • Mac and PC compatible
    • No dealing desk: users access markets directly enabling lower spreads, higher liquidity and improved market information
    • 3D market view: price, amount and market depth all illustrated giving users additional market information
      • Up to 10 levels of market depth
      • View available liquidity at each price level
    • 1 click market orders with the option to preset stops and limits
    • 1 click entry orders
    • Leverage of up to 200:1
    • Charting and market information
    • Downloadable toolbar
    • Chat function
  • MetaTrader 4 facilitates automated trading with;
    • Free VPS hosting for accounts with a balance of over $5000
    • Parallel processing: faster order execution speed, especially during news events
  • The Spread Betting Account, despite less market information, allows UK and Rep. of Ireland users to takes advantage of tax free capital gains
  • Deposit as little as $50 to open a Micro Account; perfect for first time traders

 

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