FXCM
FXCM is Forex Capital Markets. It is a retail online foreign exchange brokerage firm that runs its operations with head quarters in New York City. It has other offices in Plano, San Francisco, London, Tokyo, Montreal, Paris, Dubai, Sydney and Hong Kong. Forex Capital Markets Holdings LLC offers its services through an online trading platform Active Trader or even through third party platforms like Meta Trader IV. It holds one of the world’s largest forex dealer members and was created in 1999.
FXCM also includes financial services firms that specialize in retail forex business who supply online trading services for institutional and retail speculators. The Company has over one hundred and twenty five thousand live accounts trading through its Trading Station software. It has over four hundred institutional customers from over two hundred countries. It has about six hundred employees. Its revenue is in excess of three hundred and fifty million dollars.
FXCM is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is also a member of the National Futures Association (NFA). It is also regulated in Canada (BCSC), Hong Kong (SFC) and the United Kingdom (FSA).
FXCM is the ultimate source for foreign exchange and economic news. It is the leading provider of information, advice and resources concerning the international currency forex market. It provides many learning resources for beginners and new traders entering the forex market.
It has shifted its customers away from a dealing desk platform to a No Dealing Desk (NDD) trading platform. It passes orders to nine major liquidity providers. Its clients can now trade during news events or periods of high volatility without requotes. The clients can scalp the market without interference from the dealer and without any trade restrictions. They can place entry orders anywhere and even within the spread. But the NFA disclosure on the customer account application shows that the company may take the opposite side of its clients’ trades and could gain at their expense.
For people who are new to forex trading, it provides free forex trading education. There are over sixty lessons for you to choose on video. You can learn from experts with their live instructor webinars on a daily basis. The Company support personnel is available round the clock and round the year. You can practice what you learn with their homework assignments and all this is free for its clients. In this free forex research, you can see free forex rates and check the weekly listing of news and events on the economic calendar that is customized by currency pairs. Expert analysts give trading recommendations including the entry and target levels.
The FXCM demo account is quite easy to open and it works much like the live account but it is limited only to tenure of thirty days. The top features of the Active Trader platform are that it allows full hedging, micro lot trading and funding by credit card. Other important features are that you can get forex buy or sell signals and alerts in real time. The profit or loss for each signal can be tracked live.