FXCM Review | FXCM Binary Options| Open a FXCM Demo Account Now!
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FXCM (Forex Capital Markets) Review. Forex Capital Markets Ltd is a UK forex brokerage company which operates the FXCM brand out of the UK. It is part of the global operations of FXCM (known as FXCM Holdings) which also includes the US operations. International traders will be directed to the UK branch, binary options strategy as the US branch only caters to US residents and presents them with the unique trade conditions for retail traders set out by the CFTC.
FXCM is regulated in the US by the CFTC and in the UK by the Financial Conduct Authority with registration number 217689. Offers and Promotions. FXCM maintains bonus offer which are time-sensitive and not fixed. Many of these offer are also given out through affiliates and introducing brokers and not directly from the broker. Trading Platform Features. The following trading platforms are available on FXCM: a) Trading Station from Marketscope: This is the proprietary platform from FXCM which is available as desktop, binary options web-based and mobile trading applications.
It works well on PC and Mac computers. b) MT4: FXCM has also upgraded to the new MT4 Build 600 platform, and offers comprehensive mt4 brokers features, combining the best of traditional MT4 with the newer MT5 as well as some enhancements to totally take the MT4 trading experience to a new level. c) NinjaTrader: This is a specialized trading platform that can be customized to the trader’s specifications. It contains a Market Analyzer, Strategy Builder and a Market Replay facility.
This is available to traders who can open account with at least $5,000 and turnaround $500,000 in trade volume in a month. d) Mirror Trader: The Mirror Trader is a specialty platform that enables traders to manually copy the trades of other professional traders on FXCM’s network. e) ZuluTrade: forex Is an automatic trade copy system which involves a partnership between Zulutrade and FXCM. Over 50 currency pairs, binary options gold, silver, crude oil and stock index assets can be traded from any of the FXCM platforms.
FXCM Account Types and Information. There are several account types to cater to the various needs of the different types of market participants who use FXCM’s trading platforms. In addition to the below, new customers can also sign up for a $50,000 demo trading account. a) Basic Account: This is for those who are essentially trying out the forex market for the first time (view other micro accounts here). The minimum account deposit is $50.
b) Premium Account: The minimum deposit for Premium Account holders is $5,000. This account type is for more advanced users. c) Active Trader account: This account type is for binary options experienced traders with a deep pocket, requiring at least $25,000 in account deposit. d) Corporate/Trust Accounts are for corporations, trusts, partnerships and individual joint account holders. The minimum deposit is $10,000. FXCM binary options are available along with conventional spread betting accounts although there is also allowance for institutional style trading accounts which use an ECN model of execution.
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