FXCM is among the top players in Forex trading and has a significant global presence with offices in the major financial centers around the world (such as London, New York, Berlin, Paris, Milan, Athens, Tokyo, Sydney, and Hong Kong).
FXCM offers a Forex brokerage service, but unlike other brokers that only work with large investors and institutional traders, FXCM accepts clients regardless of their initial investment capital and trading experience. This review aims to examine the broker’s development since its start in 1999.
FXCM had suffered a severe blow in January 2015 because of the abrupt appreciation of the Swiss franc. The sudden movement in the Swiss currency triggered the biggest one-day loss in the company’s history and led to a net loss of $427 million for FXCM’s first quarter that year. As a result, many clients of FXCM fled to other brokers.
FXCM offers several trading platforms that are very popular among traders, namely the MetaTrader 4, the NinjaTrader, and the proprietary TradingStation platform.
FXCM – Pros (+) and Cons (-)
+ The broker is regulated and trustworthy;
+ FXCM’s clients can choose between several different platforms;
– In January 2015, the company suffered a major financial setback because of the sharp appreciation of the Swiss franc, which led to a net loss of $427 Million for its Q1 2015.