We liked that you can view search terms by category, like currency pairs or popular searches. More research info Click here for the full list.

When we tested customer support, an agent was connected almost immediately both on the live chat and phone. We got relevant answers on both platforms.

We also received relevant answers to queries sent by email. The response time was around one day.

Contact customer service FXCM provides a demo account, although only for certain countries. Visit education page Depending on your country of residence, you can open an account at one or more of FXCM's legal entities.

This can be important because the investor protection amount , the maximum leverage allowed and the regulator differs depending on the entity. Only the clients of Forex Capital Markets Limited are covered by investor protection.

If the balance on your account goes into negative, you will be protected. The background of the broker matters, as a strong parent company reduces the chance that the company will go bust.

The Jefferies Group is a strong parent company, as it has an investment banking background and is listed on the New York and London stock exchanges.

The strict regulation for banks also results in higher safety for you. Meanwhile, the stock exchange listing increases transparency, as the company publishes annual reports.

FXCM was founded in Find your safe broker. Toggle navigation. Dec Gergely K. All reviews and top lists updated for Check out the annual BrokerChooser Awards.

Recommended for forex traders looking for easy account opening, funding and withdrawal Open account Overall Rating. Compare to best alternative.

Compare to other brokers. Author of this review. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets.

He concluded thousands of trades as a commodity trader and equity portfolio manager. Gergely is the co-founder and CPO of Brokerchooser.

Our readers say. I just wanted to give you a big thanks! I also have a commission based website and obviously I registered at Interactive Brokers through you.

Especially the easy to understand fees table was great! Dion Rozema. FXCM review Fees. FXCM has average trading and non-trading fees.

Trading fees occur when you trade. These can be commissions , spreads , financing rates and conversion fees. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

To have a clear overview of FXCM, let's start with the trading fees. The leverage we used was: for forex for stock index CFDs These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers.

Forex fees FXCM forex fees are mostly average. FXCM review Account opening. Also, the account opening time is longer than usual. Where do you live?

Lucia St. FXCM review Deposit and withdrawal. No Experience. Vouchers :. Subscribe to feed. Leverage creates additional risk and loss exposure.

Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.

You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.

Unlike major equities or futures markets, there is no single centralized exchange for forex trading. Such decentralized activity makes finding uniform open interest data News items will show as Green if the news is positive and Indicators Risk Management Indicator You want to practice good risk management and set stop orders to close out losing trades.

Indicators Trading Central Indicator The Trading Central Indicator is an easy-to-install customizable indicator designed to help traders make informed decisions.

Watch an educational webinar. The Trading Central Indicator plug-in superimposes Trading Indicators Donchian Channels The Donchian Channel indicator is used to identify price breakouts above or below recent price history.

MT4 traders are no longer restricted viewing their charts in only the host servers time zone. View charts customized to any time zone.

Each new candle updates to the local time automatically. Indicators Major Levels Plotter The quickest and easiest way to plot your major and minor levels and their corresponding hesitation or reaction zones is here!

Many trading theories focus on whole numbers, round numbers, double zeros, or major psych numbers. Whatever your specific theory or objective may be in regard to a major support or resistance area and the Indicators MT4 Major Levels Plotter The quickest and easiest way to plot your major and minor levels and their corresponding hesitation or reaction zones is here!

Each set of bands is configurable for the number of deviations.