FXCM (Forex Capital Markets) was founded in the year 1999 and in the U. S. A. and an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc.
500 list of America’s Fastest Growing companies three years in a row. The FXCM group headquarters in New York, with offices around the globe in places like England, France, Italy, and Australia. It is regulated and licensed in each of them. FXCM, a publicly traded company on the Nasdaq stock exchange, the principal U.S. stock exchange listing the equity capital of the large technology companies.
FXCM has been in the news a lot in the years 2015 and 2016, after an extremely violent movement in the value of the Swiss franc, especially against the Euro The consequence of this crisis was a loss of $ 225 million suffered by FXCM, a major restructuring of the company’s capital, and this was primarily carried out by the drawing of a loan of US $ 300 million from Leucadia National Corporation.
The company also sold off many of its less core business activities, notably including a large site. It was a big change in the management, with a staff of Leucadia to his appointment as Chairman of the FXCM board. To keep Leucadia continues to be a large chunk of the FXCM equity.FXCM Trading accounts
FXCM provides several account types designed for experienced traders as well as for those who are new to the FOREX market. The standard 5K account is ideal for experienced traders, take advantage of the full benefits of the FX trading. Traders can also open an Active Trader account with $25,000 to receive elite services.
Also, open a mini-account requires a Deposit in the amount of $50 and offers 1:uses up to 200* for all traders outside of the United States, and 50:1 leverage for US traders.FXCM also offers two training accounts are available for 30 days.
The standard demo $50,000 demo money, and the mini-demo $2,000. Platforms for all account types are identical, however, a separate user name and password must be used for each type of account.
The advantage of online Forex trading is the possibility to deal with no Dealing Desk. With this option traders basically trade on prices direct from the banks, which makes it possible to offer the FXCM low variable spreads. Typical Standard account spreads for FXCM traders as 0.5 pips for EUR/USD and 1.3 pips for GBP/USD, competitive spreads for other currency pairs
Trading platforms and Features
In addition to its proprietary platform, FXCM is the popular MT4 uses platform. The environment is the use of user-friendly and intuitive to use and can be customized according to user settings. The products offered are day trading, stop loss & take profit as well as trailing stop / limit orders and entry orders. A hedging feature is available in No Dealing Desk accounts for clients of FXCM UK. By the end of 2016 FXCM a DOM display also added, so that “no dealing desk” – clients, up to five levels, the liquidity and the depth 17 of the most traded currency pairs. The “Best” feature, short for ” at Best price, enables filled at the best rate streamed to FXCM at that moment from all global banks and financial institutions with which you are working. This function, in contrast to the standard “At Market Range”, prevents situations in which the price you intended to the order at has expired.