FXCM Inc. is a leading provider of Forex trading, CFD trading, spread betting and related services. At the heart of FXCM’s business is their commitment to offer clients direct market access. They have achieved this with a No Dealing Desk Offering, which is one of the fairest way to trade the forex market. The execution model provides traders with transparent buy and sell prices streamed from over a dozen global institutions.
FXCM and CFTC
FXCM is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). As a vocal advocate of foreign exchange regulation and increased investor protection, FXCM LLC is one of the first foreign exchange firms to register as an FCM following the passage of the Commodity Modernization Act in December 2000.
FXCM has offices, partners, and affiliates in the major financial centers of the world, uniquely positioning FXCM to offer exceptional service to traders around the world.
FXCM provides 5 different trading platforms:
- FXCM Trading Station. The Trading Station is their proprietary trading platform with powerful analytical tools for chart traders and straightforward capabilities for new traders.
- Metatrader 4. FXCM upgraded its MT4 platform to integrate seamlessly with our No Dealing Desk forex execution.
- MirrorTrader. Mirror Trader offers unique features to follow and copy other traders.
- Ninjatrader. Ninjatrader users receive competitive pricing and quality execution from FXCM’s large network of forex liquidity providers, which includes global banks, financial institutions, prime brokers, and other market makers.
- Zulutrade. Zulutrade is a peer to peer auto trading platform that is an ideal solution for both traders who don’t have the time to build their own strategies, or for traders who simply want to remove the emotions from trading.
FXCM offers three different trading accounts:
- Mini Account (a Dealing Desk with $50 min. deposit)
- Standard Account (a No Dealing Desk with $2,000 min. deposit)
- Active Trader Account (a No Dealing Desk with $25,000 min. deposit)
FXCM offers a very comprehensive support. The support teams are available through phone, toll-free numbers, fax, E-Mail, web forms, chat and much more.