FXCM Offering of Investments | Markets and Products

Pros

Cons

  • 200 trading products
  • Forex and CFD trading
  • Shares, commodities, bonds, and cryptocurrency trading
  • Trading baskets
  • Copy trading through ZuluTrade platform
  • No ETFs, futures, or mutual funds trading
  • Very few trading instruments

Introduction

FXCM is a forex and CFD broker that was originally founded in the US. in 1999. After about 10 years, there was an acquisition in 2010 and its headquarters moved from NYC to London in the UK. FXCM has over 200,000 traders worldwide and is regulated by top-tier financial authorities like FCA, the Financial Conduct Authority and CySEC, the Cyprus Securities and Commission Exchange. FXCM has no commissions on shares and low trading fees as well as non-trading fees.

Trading Products

FXCM has a variety of products in different categories like forex, CFDs, baskets, commodities, and cryptocurrencies.

On the other hand, there’s no ETFs, futures, or mutual funds trading.

Disclaimer: CFDs have a high risk of losing money rapidly. About 80% of retail investor accounts lose money due to leverage when trading CFDs with this provider. Please note that CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

Forex

FXCM has about 40 currency pairs including pairs like EUR/ USD.

Indices

FXCM has about 15 indices including instruments like SPX 500.

Commodities

FXCM has about 12 commodities including instruments like US Oil.

Stocks/ Shares

FXCM has about 115 stocks including stocks like Apple and Amazon.

Cryptocurrencies

FXCM has about 7 cryptocurrency options including cryptos like BTC/ USD.

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.

Learn more about CFDs for muslims.

FXCM Offering of Investments

 

FXCM

Currency Pairs

40

Share CFDs

115

Index CFDs

15

Stock Baskets

14

Commodities

12

Bond CFDs

1

Forex Baskets

3

ETFs

No

Cryptocurrencies

7

Notes:

  • The FCA bans crypto trading for the UK retail customers from 6th of Jan 2021.
  • Some of the trading options may depend on your account type and / or your country of residence according to the governmental rules.

Countries that can not trade on Forex

  • Africa: Burundi, Central African Republic, Ivory Coast, Liberia, Libya, Sudan, Zaire, Zimbabwe
  • Asia: North Korea, Singapore, South Korea
  • Eastern Europe: Belarus, Russian Federation, Ukraine
  • Island Nations: Cuba, Vanuatu
  • Middle East: Iran, Syria, Turkey, Afghanistan

FAQs

  1. Does FXCM allow bot trading?
  • Yes, FXCM allows it through API trading.
  1. Does FXCM give a bonus?
  • Yes. FXCM gives a $20 Welcome Bonus.
  1. Does FXCM allow scalping and hedging?
  • Yes. Scalping and hedging are available for FXCM clients.
  1. When trading forex, will you lose more than your initial deposit?
  • Both our MetaTrader 4 and Trade Station platforms are set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.


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