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FXCM Review

A Review of the FXCM Forex Brokerage

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From , former About.com Guide

Top Features

  • Full Hedging (FXCM UK)
  • Funding by Credit Card
  • Microlot Trading (FXCM Micro)

Least Liked Features

  • No trading on US holidays (FXCM US)

Demo Accounts

The FXCM demo account is very easy to open. It performs very much like the live account. It is sadly limited to only 30 days.

Customer Service

FXCM offers customer service by email, phone, and live chat. The customer service at FXCM has been a little slow the few times I have needed to contact them by email. Overall the customer service speed is fair, but not great.

Spreads

FXCM provides variable spreads, which means that spreads can change depending on market conditions. Spreads can widen without warning. In the case of FXCM, not all of their spreads are competitive and their spreads can expand widely depending on which markets are open and which currency pairs you are trading.

Leverage

FXCM allows 100:1 for standard accounts, 200:1 for mini accounts, and 400:1 for micro accounts
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