Independent rating of Forex broker FXPCM

About company

FXCM entered the market in 2007 in Dubai (UAE). Since then it keeps on expanding its activity around the world. Nowadays, the company's representative offices are open in Canada, the United Kingdom and Mauritius. In its work, FXPCM adheres to the ECN model - perhaps the most popular and conflict-free model in the Forex market. In other words, the company makes clearing transactions with major exchanges and banks, and clearing houses around the world. Its clients get access to a variety of currency pairs, commodities, and indices that they trade using the popular MetaTrader 4 trading platform. Apart from this, FXCM offers its clients White Label Partnerships, wholesale Forex trading, and CFD liquidity through third-party trading platforms.

Trading conditions

• currency pairs, commodities, futures, stocks, precious metals, indexes
• 8 account types
• there trading platforms, including МТ4
• market execution
• commission
• demo account
• Islamic account
• promotions
• financial news, forecasts, analysis
• Market Depth tools
• Glossary
• training materials for newcomers
• forum for traders

Trading platform

To make the trading process as convenient as possible, FXCM offers its clients such trading platforms as MetaTrader 4, EOS, and Cinnober TRADExpress.

The MetaTrader 4 trading platform provides access to Forex, CFDs, commodities, and futures. It contains all the tools necessary for traders, designed to quickly respond to constantly changing market conditions.

With the help of MT4, traders can create and use Expert Advisors, as well as perform manual analysis for any of the selected tools.

The software provides many opportunities for charting and helps traders make a profit from custom indicators and strategies. On top of that, MT4 assures investors of hours of accurate trading without delays.

EOS, the new DGCX technology platform, offers contracts in several currencies, including the UAE dirhams. In the future, this trading platform will also provide multi-currency settlement services. EOS is focused on the needs of high-frequency traders who prefer trading platforms with ultra-low latency.

The main trading and clearing offers of the FXCM broker are presented in the Cinnober TRADExpress trading platform. It will provide a multi-asset solution that delivers market-leading functionality, speed, and throughput capacity.

Cinnober TRADExpress gives traders access to control and algorithmic trading and full functionality with integrated direct processing. The trading platform brings together more than seventy global banks with a high-end electronic trading network.

Cinnober is a wise choice for traders who prefer to make money on the difference in exchange rates. Besides, this trading platform guarantees the protection of transaction information, as well as the complete confidentiality of users.

Support service

The headquarters of FXCM is open from 9:00 to 17:00 on weekdays. Access to the order counter during market operations is carried out 24/7 by phone, the feedback form, and through the user's personal account on the official website of the broker.

Traders’ reviews

On the Internet, there are both negative and positive reviews about FXCM. Some traders praise the broker for high-quality trading platforms and excellent order execution. However, there are also those who complain about problems with the withdrawal of funds, unjustified blocking of trading accounts, and poor feedback from the support service.

Advantages:

• wide array of trading instruments and trading account types
• high leverage
• МТ4
• demo account
• Islamic account
• promotions
• fee training materials for newbies

Disadvantages:

• unregulated broker
• commission