One of the leading Forex brokers, Forex Capital Markets (FXCM) is a reputable broker for both institutional trading and retail.
Founded in 1999, it is now is one of the largest brokerages supervised by regulatory authorities and it operates in all the major global financial markets. For example, in London the UK subsidiary is regulated by the Financial Services Authority (FSA), in Germany the regulator is German BaFin and FAS, offering customer service and support in both English and German, and also providing webinars and seminars.
Every month, more than 365 billion dollars of nominal volume are traded on FXCM’s platforms. The company’s CFD products enable traders to trade gold, silver, crude oil, and stock indices, together with Forex instruments, on one platform.
FXCM operates No Dealing Desk (NDD) trading, so customers’ orders are sent to the bank complete with the ask price and best bid. As FXCM receives only a very small proportion of the spread, there is no conflict of interest. In fact, FXCM tries to do everything it can so that the customer is not prevented from being successful. FXCM has consistently maintained a very high liquidity and very low spreads, which may, in terms of the major currencies, be equal to just one pip.
FXCM’s free trading platform, Trading Station, offers up to date technology combined with all the characteristics of a professional trading platform.
FXCM offers 24-hour support via email, phone, and IM. The major features FXCM offer include fairness and reliability in order execution.
