+ Founded in 1999 | – No Moneybookers or Paypal deposit options |
+ Regulated by FSA, SFC, CONSOB and others | |
+ No-Dealing-Desk | |
FXCM UK-BROKER OVERVIEW
Company Name: | FXCM UK- Forex Capital Markets Limited |
Website Address: | http://www.fxcm.co.uk |
Headquarters address and phone number: | Northern and Shell Building 10 Lower Thames Street, 8th Floor London EC3R 6AD United Kingdom
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Country: | United Kingdom |
Phone Number: | +44 207 398 4050 |
Other offices countries: | USA, UK, Germany, France, Greece, Italy, Hong Kong, Australia, Chile, Japan, Tel-Aviv, Lebanon |
Year of company’s foundation: | 1999 |
Year of company’s forex division foundation: | 1999 |
Business Nature: | Broker, No Dealing Desk Execution (Forex) |
Regulated by: | CFTC in the US (NFA Member# 0308179) FSA in the UK (Firm registration #217689) ASIC in Australia (AFSL #309763) SFC in Honk Kong (SFC CE #AIM232) CONSOB in Italy (#76) Authorized in Germany by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin #122556)
FXCM France is registered with the Autorité de Contrôle Prudentiel (ACP), as the branch of Forex Capital Markets Limited. In addition, FXCM is also subject to the regulatory authority in the following areas respectively cited: ACP – Regulating Anti – Money Laundering Autorité des Marchés Financiers (AMF) – Règles de conduite et Principes d’Exécution (Rules of Conduct and Principles of Implementation)
FXCM Inc. (NYSE: FXCM) is a global, online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. Founded in 1999 and headquartered in New York, NY, FXCM has operating subsidiaries regulated in a number of jurisdictions, including the United States, the United Kingdom (where regulatory passport rights have been exercised to operate in a number of European Economic Area jurisdictions, including Italy, France, Germany, and Greece), Hong Kong, Japan, and Australia. |
ACCOUNTS
Leverage: | 200 to 1* | |
Pip spread on majors: | EUR/USD: | Variable, typical 2.6 |
GBP/USD: | Variable, typical 3.1 | |
USD/JPY: | Variable, typical 2.4 | |
USD/CHF: | Variable, typical 3.3 | |
AUD/USD: | Variable, typical 2.7 | |
EUR/CHF: | Variable, typical 3.8 | |
EUR/GBP: | Variable, typical 2.9 | |
USD/CAD: | Variable, typical 3.4 | |
CFDs Target FXCM Spreads | UK100 | 1(2) |
US30 | 4(6) | |
OIL | 0.05 | |
GOLD | 0.5 | |
SILVER | 0.04 | |
Commissions description: | No Commissions** | |
Fractional pip pricing: | Yes, one tenth of a pip | |
Mobile trading: | Yes | |
Free demo account: | Yes, FXCM UK demo offerings:
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URL Open Demo account: | http://www.fxcm.co.uk | |
Description: | Through its “No Dealing Desk Forex Execution”, FXCM’s goal is to offer a transparent and integral execution. All orders are executed via one of multiple liquidity providers (which include global banks, financial institutions, prime brokers and other market makers), which compete to offer FXCM their best prices. The best spreads available to FXCM are thus sent to you with a small mark-up, which may vary based on account type and liquidity provider.
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Regular Account: | Yes | |
URL Open Real account: | http://www.fxcm.co.uk | |
Micro Account: | Yes | |
Accounts denominated in non-USD currencies: | EUR, GBP, CAD, NZD, CHF, AUD, YEN (200,000) | |
Segregated Accounts: | Yes | |
Payment methods: | Debit & Credit, Bank Wire, Paper Cheque, ACH Deposits | |
Services: | Market Analysis, Online Seminars, Economic Calendar, Daily Forex News | |
24 Hour trading: | Yes | |
Hedging Facilities: | Yes | |
Order Types: | Market Order, Close Order, Entry Order, Stop Order, Limit Order, OCO Order | |
Scalping: | Yes | |
Scalping Policy: | No Restrictions | |
Swap Free Accounts (Shariah Law): | Yes | |
PAMM: | Yes | |
Pairs Offered: | EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, EUR/JPY, EUR/GBP, USD/CAD, EUR/CHF, NZD/USD, CHF/JPY, NZD/JPY, AUD/JPY, AUD/NZD, GBP/JPY, CAD/JPY, GBP/CAD, AUD/CAD, NZD/CAD, NZD/CHF, EUR/AUD, GBP/CHF, EUR/CAD, CAD/CHF, AUD/CHF, EUR/NZD, GBP/AUD, GBP/NZD, EUR/TRY, USD/TRY, EUR/SEK, USD/SEK, GBP/SEK, CHF/SEK, SEK/JPY, NOK/JPY, CHF/NOK, TRY/JPY, EUR/DKK, USD/DKK, USD/CZK, EUR/CZK, USD/PLN, EUR/PLN, USD/SGD, SGD/JPY, USD/HKD, HKD/JPY, USD/ZAR, ZAR/JPY, USD/MXN | |
Other instruments: | Trade Forex, Oil, Gold and Stock Indices | |
Disclosure | Trading foreign exchange and/or CFDs on margin carries a high risk to your capital. You may win or lose many times your original stake. Only trade with money you can afford to lose. Make sure you fully understand the risks involved and take advice if necessary. Foreign exchange trading may not be suitable for all customers. |
PLATFORM
Platform Name: | FXCM Trading Station Desktop (Spread Betting, CFD Trading and Forex) |
Platform Description: | The Trading Station Desktop is our proprietary flagship technology platform, also named FX Week’s “Best Retail Trading Platform” for 2009 and 2010. Trading Station Desktop combines power and functionality and is accessible through a user-friendly interface. A Windows-based platform with a wide variety of customization options for users to choose from, including a choice of sixteen languages.
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Trading from Charts | Yes |
EA Compatibility | No Restrictions |
Platform Name: | FXCM Trading Station Web |
Platform Description: | Trading Station Web is an online forex trading platform designed to offer similar features and a similar trading experience to FXCM’s award winning desktop platform, Trading Station Desktop. Can now be used with any Trading Station account login.
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Trading from Charts | Yes |
EA Compatibility | No Restrictions |
Platform Name: | Active Trader |
Platform Description: | Active Trader provides a three-dimensional market view: Price, Available Liquidity, and Market Depth. Active Trader gives you the same type of view as a market maker.
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Trading from Charts | Yes |
EA Compatibility | No Restrictions |
Platform Name: | FXCM Trading Station Mobile |
Platform Description: | The Trading Station Mobile is available for iPhone, BlackBerry, Android, and Windows Mobile.
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Trading from charts: | Yes |
EA Compatibility: | No Restrictions |
Platform Name: | Mirror Trader |
Platform Description | The Mirror Trader allows you to easily create an automated portfolio of back tested forex trading systems.
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Trading from Charts | Yes |
EA Compatibility | No Restrictions |
Platform Name: | MetaTrader 4 |
Platform Description | FXCM MT4 platform is integrated seamlessly with our No Dealing Desk Forex execution. No 3rd party bridges and no auto account syncs. We offer more features to enhance your MetaTrader 4 trading experience.
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Trading from Charts | Yes |
EA Compatibility | No Restrictions |
Platform Name: | Strategy Trader |
Platform Description | Strategy Trader is an all-in-one automated trading solution, allowing you to code, backtest, optimise and trade from one platform. Strategy Trader is compatible with any non-hedging, Standard or Micro account.
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Trading from Charts | Yes |
EA Compatibility | No Restrictions |
Platform Name: | Stock Platform |
Platform Description | US stock markets offer unique challenges and opportunities to traders outside the USA. FXCM makes trading US stocks easy.
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Trading from Charts | Yes |
EXTRA SERVICES
Trading Events | FXCM offers and attends a variety of educational trading conferences throughout the year. |
Educational Programs: | Yes |
Educational Programs Description: | Live Trading Sessions and Webinars FXCM UK offers all possible resources to become a better trader and improve your trading strategies. Over 15 hours of live instructors help.
DailyFX+ Trading Course
DailyFX Forum
New to Forex Guide
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Awards: |
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* Leverage is a double-edged sword, and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.
** FXCM is compensated by a mark-up, which is automatically added to the spreads it receives from its liquidity providers. FXCM may also receive compensation for order flow from its liquidity providers.
The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.
† Without proper risk management, currency and CFD trading has a high degree of leverage that can lead to large losses as well as gains.
About the Company:
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM’s U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote† trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research.
†Re-quotes occur when a trader makes an order at a specific price, but the order is rejected by a trading desk, and the trader is given a new price to accept or reject. Re-quotes can slow down your trading. FXCM cannot re-quote forex orders because those orders operate on straight through processing. FXCM also maintains a no re-quote policy for indices, metals, and oil, although those orders do not operate on straight through processing. Orders are executed at the best price available within the trader’s parameters, subject to market liquidity at the time.
FXCM Inc., a publicly traded company listed on the New York Stock Exchange (NYSE: FXCM), is a holding company and its sole asset is a controlling equity interest in FXCM Holdings, LLC. Forex Capital Markets Limited (“FXCM LTD”) is an indirect operating subsidiary of FXCM Holdings, LLC. All references on this site to “FXCM” refer to FXCM Inc. and its consolidated subsidiaries, including FXCM Holdings, LLC and Forex Capital Markets Limited.
Risk Disclosure
Trading foreign exchange, contracts for differences, or spread bets on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in these products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.