FXCM
Rating: 4 / 5FXCM remains one of the most competitive choices for traders especially those looking for algorithmic trading solutions. Besides its proprietary Trading Station, FXCM offers MT4 and ZuluTrade. Capitalise AI, its latest addition, allows traders to automate strategies using an intuitive, code-free environment. FXCM also presents six specialty platforms for algorithmic traders and fully supports API trading. FXCM Plus provides clients with quality research, while beginner traders receive valuable educational content. I reviewed FXCM to evaluate if this broker delivers on its client-first, trader-driven mission statement. Does FXCM maintain trading conditions beneficial to traders?
FXCM remains one of the most competitive choices for traders especially those looking for algorithmic trading solutions. Besides its proprietary Trading Station, FXCM offers MT4 and ZuluTrade. Capitalise AI, its latest addition, allows traders to automate strategies using an intuitive, code-free environment. FXCM also presents six specialty platforms for algorithmic traders and fully supports API trading. FXCM Plus provides clients with quality research, while beginner traders receive valuable educational content. I reviewed FXCM to evaluate if this broker delivers on its client-first, trader-driven mission statement. Does FXCM maintain trading conditions beneficial to traders?
Broker Details
- Headquarters
- United Kingdom
- Established
- 1999
- Min Deposit
- $50
- Execution
- Market Maker, No Dealing Desk
- Regulators
- ASIC, CySEC, FCA, FSCA
Trading Conditions
- Retail Loss Rate
- 70.0%
- Min Raw Spreads
- 0.2 pips
- Min Standard Spreads
- 0.7 pips
- Min Forex Commission
- $5.00/round lot
- Trading Hours
- CommoditiesMonday 01:00 - Friday 24:00Crude OilMonday 01:00 - Friday 24:00GoldMonday 01:00 - Friday 24:00MetalsMonday 01:00 - Friday 24:00Equity IndicesMonday 01:00 - Friday 24:00StocksMonday 13:30 - Friday 20:00Stocks (non-CFDs)Monday 13:30 - Friday 20:00
Accounts & Funding
- Funding Methods
- 12 (Bank wiresCredit/debitPayPalGoogle PayApple PayOpen BankingSkrillNetellerKlarnaRapid TransferChina UnionPayand Cryptocurrencies)
- Deposit Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 0.6 pips
- GBP/USD
- 1.0 pips
- Gold
- 0.30 pips
- Bitcoin
- $40
- WTI Crude
- 0.034 pips
Platform & Features
- Trading Platforms
- Other, MetaTrader 4, Proprietary platform, Web-based
Pros
- Excellent choice of trading platforms with dedicated support for algorithmic trading
- Deep liquidity, transparent order executions, and monthly slippage statistics
- Low-cost commission-based cost structure with a volume-based rebate program
- Quality research and education via FXCM Plus
Cons
- Somewhat limited asset selection
Ad
