Company Name: Forex Capital Markets, LLC
Address and Contact Details: 55 Water St., 50th Floor, New York, NY 10041 USA
Toll Free Phone: +1 888 50 FOREX (36739)
U.S. and Int’l: +1 212 897 7660
Sign Up Offer: No
Demo Account: Yes
Regulator: Commodity Futures Trading Commission, National Futures Association (“NFA”)
What is Forex? Forex Basics
- Overall Client Satisfaction from Investment Trends (2012)
- Best Currency Broker from Shares (2008)
- Best Retail Foreign Exchange Platform from FX Week (2009 and 2010)
- Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities (2008).
FXCM Inc. provides currency trading opportunities to its worldwide clients. The company was founded 1999, and they earned the reputation of being the first foreign exchange to be listed on the New York Stock Exchange. Today, FXCM enjoys a status of a market leader in the Forex trading business by maintaining transparency in business and offering financial stability to the investors who want to trade in currencies using their services.
FXCM offers many different types of platforms keeping in mind various kinds of trading needs of the traders.
Trading Station Web: Their most popular trading platform is Trading Station Web, which the majority of the FXCM traders use. The platform is very intuitive and is equipped with a specialized charting package, allowing traders to execute trades directly from the charts. There is no need to download and install any software and one can start trading various assets in an automated environment.
Trading Station Desktop: Their Trading Station Desktop is the right platform for the advanced traders who want to use more complex functionalities for trading purposes. For example, traders can take help of pre-loaded strategies, detailed history and the market analysis that this platform brings to them. This platform comes with better customization abilities and users can take advantage of its automated trading tools.
Professional Charts: The charts offered by FXCM allow traders to maintain the flexibility of trading with the opportunity of creating and managing positions directly from the offered charts. The robust charting feature comes with some of the advanced charting tools which include Fibonacci lines and Gann Fanns. It also includes tick volume data and pre-loaded indicators for the traders to help make sensible decisions. It brings more than six hundred custom indicators that a trader can immediately download to take help. A trader can customize the chart setup and can choose the look and feel of his own choice.
Signals: Traders can receive automated trading signals offered by FXCM. All live account holders with FXCM can receive free alerts and signals on a daily basis. The signals include detailed descriptions of the assets and their market movements, besides one can also get expert market analysis to get a fair idea about the market movements.
Education: FXCM has developed a Trading Course with an objective of educating the newbie traders while at the same time it can increase the profitability of the experienced traders. The course is available for free to all live account holders of FXCM. The course explains how to use basic and advanced trading strategies to optimize profits and manage the risks. It also enables traders in using money management techniques to help sustain the adversaries of the financial trading industry.
FXCM allows traders to use their Smartphones and tablets to enjoy trading while on the go. Traders can use their various types of devices such as: iPhone, iPad, Android phone and tablet, Windows phone, and Blackberry to use their Trading Station Mobile. The mobile platform allows traders to view live streaming rates, and one can also manage orders, access charts, news and reports for performing a market analysis.
At FXCM, traders can perform two types forex trade execution. These are No Dealing Desk Execution and Dealing Desk Execution. No Dealing Desk execution provides traders with a better trading experience. On the other hand, Dealing desk execution comes with some trading restrictions and it also provides lower spreads.
Deposits and Withdrawals
FXCM offers several types of deposit and withdrawal options. They do not charge any administrative fees for deposit of funds. The funding options available with them are:
Credit or Debit Card: They take approximately one business day to process it so that funds can reach into your trading account. The minimum deposit amount is of $50 for using credit card or debit card system, while the maximum deposit is of $10,000.
Bank Wires: For domestic banks, it will take approximately one to two business days while for international banks, it may take three to five business days.
ACH: It will take one to five business days of processing time. The minimum deposit is $100 and the maximum deposit is of $50,000 per transaction.
Paper Check: It will take a little longer and it always depends upon the clearance of the check.
The withdrawal options available with them are:
Credit or Debit Card: The time frames of receiving fund depend on the credit card issuing company after it has been processed by FXCM.
Bank Wires: For transferring to a domestic bank account, they will take about one to two business days and for international bank transfers, it may take three to five business days.
Paper Check: Paper checks may take ten business days or even longer.
All withdrawals using credit card, debit card, or paper check do not involve any fees. But for bank wires, the fees charged by the bank will be applicable.