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Forex Capital Markets Limited is regulated by the Financial Conduct Authority in the UK. Additionally, FXCM is regulated in Germany, Italy, France, Australia, and Japan. At the heart of FXCM’s client offering is No Dealing Desk trading. Clients benefit from FXCMs large network of liquidity providers enabling it 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. Minimum deposit – Opening a trading account with FXCM can take some time.
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Customer reviews on FXTM
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- FXCM customers can take advantage of a diverse range of products, since the company offers trading not only in Forex, but also in precious metals, shares, indices and cryptocurrencies CFDs.
- Clients benefit from FXCMs large network of liquidity providers enabling it to offer competitive spreads on major currency pairs.
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Accounts can benefit from a swap-free policy, in place for an average of 4 trading days, for most currency pairs. Trading with FXTM can be done via the MetaTrader 4 and Metatrader 5, available on desktop terminal and mobile versions and via FXTM Trader, the broker’s own App, only available for Android and iOS. FXTM offers a great selection of 1,600+ assets to trade, including forex, indices, stocks and commodities.
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The minimum deposit amount to open an FXTM account vary, starting at $/€/£ 10 for a Micro Account and $/€/£ 500 for an Advantage and Advantage Plus Account. FXTM scores higher with traders looking for swap-free trading. Traders can set the swap-free option directly from the MyFXTM account panel and enjoy up to 4 days of swap-free trading. Withdrawals fees – For withdrawals , FXTM does charge an additional fee for withdrawals. The fees depend on the traders jurisdiction and deposit/withdrawal method chosen . For more information, please visit the FXTM deposit and withdrawals Intl dedicated page for International customers and the FXTM deposit and withdrawals UK dedicated page for UK customers.
She mentions that the spreads are often above $1 and it looks like the company is interfering with the trades of its clients. Searching for a legit broker can turn into a difficult challenge. There are too many scams that do not let users withdraw their funds.