FXCM CFD review by CFDs trading experts, all about FXCM CFDs Products, Finding out how to open free demo FXCM CFD Account, For more information about FXCM CFD Broker you can also visit FXCM review by ForexSQ.com forex trading website, The TopForexBrokers.com ratings forex brokers, or Fxstay.com currency trading investing company and get all information you need to know about the FXCM CFD Broker.
What is FXCM CFD Trading Broker?
FXCM is one of the pioneering brokerages for retail international forex business. Founded in 1999 in the United States, FXCM UK LTD opened its offices in the United Kingdom in 2003, crossed the 100,000 account threshold in 2007 and quickly became one of the top forex brokers in the world.
The broker does not offer stocks, futures or options trading, although international clients do have access to trading Contract for Difference (CFD) assets. This primary focus on forex trading makes FXCM a superb choice for traders interested in trading predominantly foreign assets.
FXCM CFD Trading Features
FXCM’s trading platform provides one-click day trading and stop loss orders that include limit, entry and trailing stop orders. FXCM’s trading platform includes a hedging feature available to clients using “No Dealing Desk” accounts and a Depth of Market (DOM) indicator was added to the platform in 2016 providing up to 5 levels of depth and liquidity on 17 of the most popularly traded pairs of currency.
FXCM CFD Trading Platforms
In addition to its own proprietary trading platform, FXCM uses several platforms, including FXCM Active Trader, Trading Station Gateway, Trading Station II, Mobile Trading Station II and the well known and very popular MetaTrader 4 (MT4) trading platform that is very intuitive, user friendly and completely customization.
FXCM CFD Trading Station
Trading Station is FXCM’s proprietary software that was created using 10 years of valuable customer feedback and trading data to formulate a functionally efficient platform to meet the needs of today’s currency traders, novice or experienced.
For those who want more trading information and solutions, The company allows traders to use Mirror Trader, which operates flawlessly with FXCM’s trading platform to provide hundreds of professionally designed trading strategies that investors can copy (or “mirror) with no additional maintenance or performance fees.
Ninja Trader provides traders with advanced charting features, market analyses and trading strategies. Zulu Trade enables traders to automatically copy or mirror other people’s trades, which enables newbies to rely on the knowledge and expertise of more seasoned traders, reduces research time and completely eliminates emotional factors often involved with trading financial assets.
FXCM CFD MT4 Download
The FXCM trading platform has been upgraded to allow flawless integration of the very popular MT4 trading platform. The upgrade added more features to enhance clients’ MT4 trading activities, including eliminating third party bridges and account syncing, the ability to set Stop Loss and Take Profit (SLTP) orders while opening a new trade, no trade restrictions with NDD Execution, scalping and all other strategies are permitted with NDD execution, allows for partial closing of orders and eliminates restrictions on placing SLTP or Pending Orders.
FXCM CFD App
The FXCM Apps is free for both Android and IOS, You can download the FXCM App for Android from Google Play and download FXCM App for iPhone from Apple app store.
FXCM CFD Account Types
FXCM offers 3 types of trading accounts to its clients, which are Standard, Mini and Active trader accounts. The brokerage also offers traders a free demo trading account which is available for up to 30 days and comes with $50,000 of virtual money for practicing trading on the market platform.
The Standard account is ideal for experienced traders who want to leverage all the advantages of currency trading. An initial deposit of $10.000 is required to open a standard account which offers spreads as low as 0.5% and access to FXCM’s entire catalog of approximately 39 popular currency pairs (including exotics and crosses). Standard accounts offer leverage of up to 1:200 for non US clients and 50:1 for US based traders, as well as access to DOM data.
The Mini account requires a minimum deposit of $50with lot sizes of $1,000 and access to 21 pairs of the most popularly traded currency pairs, including the EUR/USD. Mini accounts include free trading services like “Client-Only Trading Signals” to assist traders with learning the market and improving trading strategies.
The Active Trader account requires a minimum $25,000 deposit and includes the acclaimed “No Dealing Desk Execution” feature, as well as elite pricing for higher volume trading that saves up to 50% on trading costs. No Dealing Desk Execution is a model created by FXCM with asset pricing data initiated by its liquidity providers that include financial institutions, global banks, prime brokerages and others who provide financial assets for trade with no markups.
FXCM CFD Demo Account
When clients open an online trading account, they are able to use a free FXCM demo account for up to 30 days that comes loaded with $50,000 of virtual money for traders to use for practicing currency trading before actually risking real money in a real world trading market.
FXCM CFD Minimum Deposit
The FXCM Minimum Deposit for Mini account is $50, Standard Account is $10.000 and minium deposit for FXCM ActiveTrader accounts is $25.000.
FXCM CFD Spreads
With some accounts (spread betting and Mini accounts), you pay only the spread to trade forex. So you never have to anticipate commissions down the road. With spreads-only trading, your platform calculates your transaction costs automatically using this formula:
( Spread ) x ( Pip Cost ) x ( Number of Lots Traded ) = Total Cost
FXCM CFD Commissions
On FXCM low-spreads-plus-commissions accounts (Standard and Active Trader CFD trading accounts), FXCM charges competitive commissions to trade forex. Commissions are based on instrument and trade size, and start as little as £0.03 per 1K lot.
With spreads-plus-commissions trading, your platform calculates your transaction costs automatically using this formula:
( Reduced Spread ) x ( Pip Cost ) x ( Number of Lots Traded ) + ( Round-Turn Commissions ) = Total Cost
FXCM CFD Login
For login to FXCM broker you can visit the broker website, After sign up you can check your email and do FXCM login.
FXCM CFD Leverage
The FXCM UK leverage starts from 1:1 up to maximum 1:200, However the broker provides high leverage trading but if you are a newbie forex trader then avoid to use high leverage as it will increase to lose all of your capital.
FXCM CFD Margin Requirements
FXCM margin requirements is fixed, The amount of margin that you are required with FXCM to put up for each currency pair varies by the leverage. For example, If you use 50:1 leverage then you may be required to put up €200 to hold a €10,000 position.