FXCM Review
FXCM is based in the US and is regulated by the NFA license number 030817. Some of the advantages of using this service is that you have all trading styles accepted, tight spreads, no dealing desk, options to being more profitable such as scalping, trading on news, ect. Price improvements can also help you to make more money. This broker gives leverage up to 50:1 for its accounts. There are at least three different accounts that you can open here. Micro, live and demo are the three accounts that can be opened with this broker.
You have choices on trading platforms with this broker. They include MT4, Trading Station II, Mobile, Active Trader, automated trading platform and Mac or web trading platform. Along with this, you get resources such as programming services, trading signals, charts, news, live events and economic calendars can help a bunch. For education purposes, you have a lot to choose from. Trading guides, video libraries, Forex vs. Stocks, Forex Trading Course and a New to Forex trading course for educational purposes. If you want to know how many currency pairs can be traded, there are at least 36 different pairs that can be traded.
You can also get automated trading strategies with this broker. For depositing of funds, you have several options such as credit cards, paper check, ACH or bank wires. Customer service is also a snap via phone, email or live chat. 10 different countries have freephone numbers to call. You can also call the trading desk for information. Trading Desk operation hours are Sunday 5:15 PM ET to Friday 4:00 PM ET. The home pages can also give you access to news and information that can be of help when trading in the Forex market at any time.
There are also many different accounts that can be used here. The Standard account has a deposit of $2,000, the Micro account has a minimum deposit of $50, the Active Trader account has a deposit level of $50,000. This information can be helpful in deciding which of these accounts you want to start with. The Demo account will give you at least 50,000 of money that you can use for practice in trading. So with this particular broker there are a good many choices. This is a good call for those living in the US. So you may want to check them out to see if they are a good fit for what you want to do in Forex.