FXCM is a CFD regulated broker that offers CFDs on indices, commodities and cryptocurrencies in addition to currency pairs. The company is licensed in Europe by CySEC, the Cypriot financial regulatory authority, so the broker can legally offer its services to citizens of the Czech Republic and Slovakia. The minimum deposit for FXCM broker is set at $50.
|Minimum deposit||50 USD|
|Trading platform||MT4, NinjaTrader, Trading station|
FXCM – Trading Platforms
FXCM offers its clients a total of 3 trading platforms – MT4, NinjaTrader and Trading station. All three platforms are very popular among traders and serve very well not only for opening and closing trades, but also for analyzing the markets. Both, MT4 and NinjaTrader support automated trading systems (EAs). You can either trade with them directly from a web browser, or you can download the platforms to your computer or mobile device.
FXCM Fees (spreads)
Like any other CFD broker, FXCM charges a spread fee. For the current value of this fee, please visit FXCM’s website. We have prepared a small comparison table here, where you can find the amount of FXCM spread fees on popular currency pairs compared to 2 other popular CFD brokers.
Plus500** 0.6 0.7 1.1 0.6 XTB** 0.8 1.4 2.0 1.7
*Average spreads. Spread data was taken from the broker’s website on 19.12.2019 at 12:03 GMT.
**Spread data was taken from the broker’s trading platform on 26.09.2019 at 12:26.
FXCM Review Summary
FXCM must adhere to strict regulatory guidelines set by the CySEC regulatory authority. The broker offers a total of 3 trading platforms and a limited-time free demo account. The range of assets is decent, the only thing missing is CFDs on stocks. The broker’s website is available in English or another world language, the broker does not offer Czech language support. The spreads that the company charges are slightly above average compared to other FX and CFD brokers which you can find on our website.
- three trading platforms
- lower minimum deposit than competing brokers
- missing CFD’s on stocks
- slightly higher spreads
- Czech language not supported