FXCM Broker Review 2018

The New York broker has been active on the market as a non-dealing desk provider since 1999. The company now has numerous branch offices worldwide, and German investors are cooperating with the London branch, as the FXCM broker review 2018 explains. FXCM is one of the world's leading Forex and CFD companies in 2018, as our Forex Broker comparison shows. FXCM has received numerous awards from industry insiders for its reputation as a reputable and trustworthy broker, but it is primarily aimed at the demands of professional traders. Whether FXCM is also suitable for beginners can be read in this article. One thing is clear: the regulatory environment is very reliable, so that fraud can be virtually ruled out in FXCM, as our broker review 2018 shows. For this and other reasons, the provider regularly scores well in our broker ratings.

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The broker was one of the 500 fastest-growing companies in the USA between 2009 and 2011. Numerous awards from the specialist press show that the broker is one of the more demanding providers among the FX and CFD brokers. FXCM promises fair and transparent trading - with the offered non-dealing desk execution without conflict of interest. In contrast to dealing desk trading, the trader gets prices here that primarily reflect the market and not the broker's desire for advantage. In addition to the usual market fluctuations, the trader is thus not additionally dependent on a conflict of interest of the broker, but is only subject to the general market risk. This fact is an important criterion in the broker review 2018.

For trading purposes, investors can choose from more than 50 currency pairs as well as various indices and commodities. With a maximum leverage of 200:1, larger positions can be traded even with a moderate use of own funds. The margin is variable up to this upper limit and may change depending on the currency pair. Five platforms are available for trading, including MetaTrader 4, NinjaTrader and mobile applications. As an alternative to the MT 4, FXCM offers the in-house development Trading Station in three versions. The Active Trader enables automated trading, but requires a minimum deposit of 10,000 euros for a company account. In the FXCM broker review 2018, however, this is rewarded with lower spreads. A minimum deposit of 2,000 euros applies to a private account.

Customer spreads start at 0.2 pips (EUR/USD), plus a trading commission of €0.03 per micro lot (1,000 units of base currency) or €3 per lot (100,000 units). All trading accounts have in common that FXCM's margin obligation is excluded. This serves as sensible risk protection for customers. The rollover costs for overnight positions are moderate and there are no rollover costs at all for short positions.

FXCM offers no-dealing desk order execution for CFD and Forex transactions. Various platforms are available, which run both web- and software-based or mobile. In addition to over 50 currency pairs, CFDs on indices and commodities can also be traded. Oil and gas, including crude oil and natural gas, gold, silver and other metals, as well as bonds and equity indices: no re-quotes and low transaction costs.

Investors wishing to test the FXCM business model can use a free demo account for initial experiences. This makes it possible to implement the theoretical background of the seminars and webinars directly, since the demo account offers the same features as the real accounts. According to our FXCM broker review 2018, this is not possible everywhere. When opening an account, investors must decide which of the available trading platforms they wish to prefer. According to the broker review 2018, four different platforms are available for private customers, including MetaTrader 4 and NinjaTrader. Which platform traders prefer may also depend on the experience with other brokers. These experiences often lead to fears of fraud. Clearly positive is the fact that FXCM has a serious focus on a potential conflict of interest in dealing desk execution and offers its clients the low spread, commission-based non-dealing desk execution. In contrast to market maker fee models, this ensures transparency purely on a spread basis.

FXCM does not provide for a bonus payment. Investors who wish to trade with a professional and established broker, however, do not usually belong to the clientele who is looking for bonuses, but place more value on perfect information and supporting analysis tools, as our FXCM broker review 2018 explains to you.

Four trading platforms are offered to private customers: The in-house platform Trading Station as well as Meta Trader 4, Mirror Trader and Ninja Trader. Demo accounts are available for all platforms.

Mobile trading is only possible with the Trading Station, but fast mobile access via any mobile device is secure.

Opening a trading account with FXCM is quick and easy: Fill out the application online - confirmation will be sent by e-mail.

Filling in the application takes 15 minutes, as the FXCM broker review 2018 shows. If you have any questions, a service hotline is available every trading day. FXCM does not charge any fees for completing applications and forms. Customers living in Germany need a certified copy of their identity card (PostIdent). Customers who do not live in Germany must additionally submit a proof of address. The application is secure and is protected by SSL (Secure Socket Layer).

FXCM offers various webinars, platform training and seminars. Forex and CFD newcomers can take part in free online training courses, and professional traders are also regularly invited to attend seminars. The spectrum of topics ranges from the basics of foreign exchange trading, introduction to trading platforms and their functions, trading strategies, types of order execution to supplementary trading tips for advanced traders. In the DailyFX Forum, traders can place questions and discuss strategies with analysts.

The comprehensive range of services and training ensures the FXCM company philosophy of maintaining a transparent and equal relationship with traders and providing them with the best possible information about forex and CFD trading. This fact is included in the FXCM valuation.

FXCM has a branch office in Berlin, which provides telephone support five days a week. The business partner for this clientele is the London branch, which is regulated by the Financial Conduct Authority (FCA). The Broker's head office in New York plays only a minor role for local investors. Support is excellent, as you would expect from a supplier of this calibre. Both the response time and the quality of the information are convincing.

The very good response of the press shows: FXCM is one of the leading brokers in CFD and Forex trading in 2018.

FXCM is the market leader in Germany for active forex traders, as can be seen from the Investment Trends Germany Report 2014. FXCM received awards and top marks from Investment Trends Germany in the categories Research Offerings, Trading Tools, Mobile Trading Platforms and Training Materials.

In June 2014, FXCM was voted best CFD broker by EURO am Sonntag together with the Deutsche Kundeninstitut. In 2014, the Fuchsbriefe editorial team awarded the broker full marks in the categories of service, consulting quality and transparency.

The Deutsche Kundeninstitut describes FXCM 2014 as the most popular CFD broker, the largest Forex provider with the highest customer satisfaction for research and trading tools, training offers, mobile platform for smartphones and tablets.

FXCM is certainly one of the most demanding forex brokers in 2018. This is evident not only in the trading model that customers can choose for themselves, but also in the extensive information and training offerings, which include regular presence seminars in Berlin. Beginners benefit from the excellent offers, which also extend to the daily information about the trade. These are offered in compact form on the in-house information portal DailyFX. de. The free demo account is the icing on the cake in the US's overall concept.