FXCM

Forex Capital Markets (FXCM) is one of the leading forex brokers for both retail and and institutional traders. FXCM was founded in 1999 and now is one of the largest brokerages regulated by regulatory authorities in the major financial markets of the world. For example, the UK subsidiary in London, is regulated by the FSA, the German division is regulated by FAS and german BaFin, offering customers support in English and German, seminars and webinars.

The major aspect FXCM is willing to offer is fairness and reliability in order execution. To eliminate re-quotes FXCM operates a no-dealing desk (NDD) trading, by means of which the orders of the customers are passed directly to the bank with the best bid and ask price. FXCM receives only a fraction of the spread, which is the difference between buying and selling rates. Therefore there is no conflict of interest as it is the case with brokers with the dealing desk, because they normally hold an opposite position to the customer. In contrast, FXCM tried to do everything so that the customer does not get obstacles from the brokers to be successful.

FXCM maintains close relationships with ten of the largest liquidity providers that compete for the order flow from FXCM. This leads to a very high liquidity, even with market-moving news, and very low spreads, which may, in the majors (major currencies) be equal to only 1 pip.

Over 365 billion dollars of nominal volume are traded on the its platforms every month. FXCMs CFD products enable traders to trade crude oil, gold, silver and stock indices together with Forex instruments on one platform.

FXCMs default account with no-dealing desk (NDD) execution with no re-quotes for forex and CFDs and a minimum investment of $1,000 (EUR 1000) is the complete package for each trader. The free trading platform Trading Station offers the latest technology combined with all features of a professional trading platform: trading directly from the chart, charting module with various technical indicators, advanced order types such as as trailing dynamic stop and OCO (one-cancels-other), hedging possibilities and others. For “Active Trader” there’s also a web-based platform with up to ten levels of market depth and even lower spreads available.

FXCM offers 24 hours a day, seven days a week live support via phone, IM and e-mail.

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