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FXCM review

FXCM is a broker that offers trading of indices, forex and commodities on a worldwide scale. Traders can have access to global markets with FXCM and trade in Contracts for Differences, Forex and gold round the clock for five days a week.

Traders have given a high rating to this broker on account of the trading experience that they gained after associating with it. FXCM offers platform options that are highly intuitive. It also offers forex education. FXCM is regulated by BaFin and FCA in the United Kingdom.

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Trading Platforms offered by FXCM

FXCM provides a vast variety of trading technology and platforms for its clients. Its trading platforms include MetaTrader 4, Trading Station, ZuluTrade and NinjaTrader. The NinjaTrader software offers a strategy wizard that can put into practice automated strategies along with a market analyzer that can provide the traders with snapshots of the market conditions, currently. ZuluTrade is also an auto-trading platform that is perfect for traders who are keen on trading conditions which are automated and they do not have to follow the goings on in the market.

Account Types offered by FXCM

The accounts start from MiniTrader with a minimum deposit of only £50. The standard account can go up to £5000 as opening deposit and the Active Trader will have deposits upwards of £25000.

Customer Service offered by FXCM

FXCM offers help and support on a global scale. Users can get in touch with its customer service desk through telephones, live chat or email. The live chat facility is available to all local representatives in their native languages. Support is given round the clock across all the sessions in the market.

Commissions and Spreads offered by FXCM

Fees and spreads will depend on the kind of account traders have initially opted for. For example, the spread on the EUR/USD is 1.5 and it can drop down to 1.0 for the Active Trader account. Traders who have opted for larger accounts will pay commissions.