FXCM Review – A Recommended Cryptocurrency Broker

FXCM Review

FXCM also referred to as Forex Capital Markets, is one of the oldest brokerages in the online trading sector. Since before 2000, FXCM has been an integral part of the development of online forex offerings, which it provides for retail traders. The broker’s headquarters is located in London, but during its time, FXCM has managed to expand to other parts of the world via the establishment of several international offices. It is also fully licensed in numerous major regulatory hubs worldwide. So, read through this FXCM review to know all about this brokerage and why it has been and still continues to be the preferred choice for countless traders.

Regulation

FXCM is widely considered to be a safe option as it is authorized to function by several tier-1 regulators, which include the United Kingdom’s FCA (Financial Conduct Authority), the IIROC (Investment Industry Regulatory Organization of Canada), and Australia’s ASIC (Australian Securities and Investment Commission).

There are so many brokerages out there nowadays which may offer amazing products, features, and services, but if these brokers are not regulated nor authorized to operate, then you will always face a risk when dealing with them. This won’t happen when you choose to trade through FXCM, however, and that is why this broker has earned a high trust score from us.

Investment products

There is a diverse range of products that FCXM offers to its clients. However, it must be mentioned that the products which are available for the traders to use will also largely rely on which entity of the FXCM Group you will be dealing with.

Nevertheless, there are many products available, including CFDs, exchange-traded securities, cryptocurrencies, forex, stocks, and more. For cryptocurrencies specifically, you can trade via CFDs. However, it might not be possible to trade the underlying asset, which means that you may not be allowed to buy Bitcoin (BTC) directly, for instance. Furthermore, cryptocurrency CFDs will not be available to traders based in the U.K.

Trading platform

There is no shortage of trading platforms on FXCM. The trading platforms on this broker involve the mainstay of MT4 (MetaTrader 4), which is one the world’s most popular choices for online trading, and also TradingView along with NinjaTrader 8. All of these additionally provide support for algorithmic trading.

Moreover, FXCM provides ZuluTrade for the purposes of social copy trading as well as TWS (Trader Workstation) and is powered via IBKR (Interactive Brokers) for stocks. Mobile trading is also offered, which is completely compatible with iOS as well as Android devices.

Education

FXCM offers plenty of education-based resources for you to refer to whenever you desire. These educational materials primarily take the form of informative articles or comprehensive videos. The videos, in particular, are of high quality and are easy to follow.

Additionally, users may also participate in client webinars and can even take advantage of the detailed tutorials and guides available on FXCM. Lastly, there is an investor dictionary (or glossary) that traders can always check whenever they may be unsure about any given topic or concept.

Customer support

There are numerous ways through which you can contact FXCM’s customer support if need be, which include options via email (there are different email addresses for general inquiries and inquiries specific to individual accounts), live web chat, and direct call. There is also a helpful trading desk that you can call should you ever be so inclined.

Conclusion

FXCM is an amazing broker that can help you get started within the world of online trading. If you are a seasoned veteran, you would be happy with the services that FXCM offers as its asset index is strong, and its trading platform is fully functional and accessible from a variety of different devices. Furthermore, and perhaps most importantly, it is safe to trade through FXCM as it is regulated and so you will not have to worry on that front either.

In summary, we recommend FXCM for both beginners as well as experienced traders plus algorithmic forex traders too. We are confident that you will not be disappointed in your choice once you decide to rely on FXCM for all of your online trading needs.