FXCM Forex Broker Review

FXCM Forex Broker has been around since 1999, and they offer 24-hour online currency trading services, good for international traders.  They claim to have spreads (even reaching to 1 pip) and also accept all MetaTrader 4 advisors, but they implement a few limitations. This broker does provide MetaTrader 4 support.

They give free training, and claim that they have no entry order restrictions (but please don’t overlook the clauses, they only allow upto 50 million per trade, but traders have the option to make multiple 50 million transactions).

FXCM claims to be one of the better capitalized forex brokerage companies, providing peace of mind to their traders. Their platform also has the “one click” usability, which is good for the confident and time starved traders, and bad for the clumsy ones.

Basic Broker Details

Pros of FXCM Forex Broker

*Good customer service, both online (email and chat) and on the phone, and has knowledge in forex trading

*Good platform, allows all MetaTrader 4 advisors

*Accepts PayPal and credit cards

Cons of FXCM Forex Broker

*High spreads

*Limits on MetaTrader 4 accounts

*Deals sometimes takes too long to close

*no mini accounts for novices