FXCM Pro Pricing, Reviews & Features

Inactivity fee – FXCM also charges a Trading Inactivity fee. A trader will be charged a dormancy account administrative fee every calendar year if there is no client-initiated activity in the 12 months preceding the charge date. The fee is up to 50 units of the account currency or the account balance, whichever is less, debited from the account.

For better trading performance, it provides advanced indicators including Real Volume and Speculative Sentiment Index to help you in approaching real-time market data. Another important comparison is trading platforms and tools. NSBroker provides you with MetaTrader 5 – the most cutting-edge platform – of all versions .

All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada . Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at The above description indicates more assorted expenses you may bear when trading with FXCM.

I lost connection to my trading station, and connected with a gentleman in support called Joseph. He managed to understand and fix my problem within a few seconds, no mess no fuss. Thank you so much, Claudio Rotili for giving us a chance to fix the unexpected issue.

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FXCM Review

Moreover, NSBroker and FXCM become reliable partners on the ground of their negative balance protection policies. In particular, the former commits to hindering client account balances from being negative. Meanwhile, assuming your negative balance exceeds $50,000, FXCM will cover this amount and you will take responsibility for the remaining debt. Admittedly, the FCA protects the EU or UK clients’ reserves from the insolvency of FXCM by giving them the maximum reimbursement of €85,000. Nevertheless, this policy isn’t applied to traders from other regions.

For example, if you trade 50,000k EUR/USD in one month at a rate of 1.20, your notional volume would be approximately 60,000,000 units of currency. The commission can be reduced to $25 per side per million for trading in major currency pairs if your monthly trading volume is above 150 million. If your trading volume is above 500 million, please contact FXCM.

ADVFN International Financial Awards 2022 Best Zero Commission Broker

Besides the given trading fees, you should consider other charges as well. If you choose swing or position trading styles, overnight funding is charged as per the broker’s policy. In the case of financing your trading account, no deposit fee is incurred regardless of payment methods. Regarding the trading platform, NSBroker cooperates with the third party, MetaQuotes Software, to provide you with the latest model known as MetaTrader 5 . The platform is better known for its automated trading and advanced features that facilitate your risk management. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

• A trader will be charged a dormancy account administrative fee every calendar year if there is no client-initiated activity in the 12 months preceding the charge date.
• As a client-oriented broker, we are always happy to read feedback like yours.
• In addition, the company imposes tighter spreads and low commissions which are its main income.
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Friedberg Mercantile Group Ltd. (“Friedberg Direct”) is an independent legal entity and does not own, control or operate the FXCM APPS store. For accounts opened via FXCM Markets Limited and FXCM South Africa Ltd there is no negative balance protection to prevent clients from keeping their accounts balance below zero. This means that in extreme market volatility, and without an adequate stop loss in place, a losing trading position can cause a negative account balance. Fxverify is the first of it’s kind and only publishes user reviews by verified customers with a real FXCM trading account.

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Investment Trends: Current Industry Performance And Award Honorees

As mentioned at the beginning, fxcm canada review Canada is one of the best forex and CFD brokers in Canada. The company has other branches in Canada and all over the world. FXCM is primarily regulated by the British FCA, but IIROC also carries out regular controls. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

For https://forex-reviews.org/ of Forex Capital Markets Limited and FXCM Australia Pty Limited negative balance protection is in place by default and according with ESMA and ASIC’s new directives. FXCM complies with the highest safety standards for client’s funds. For this reason, FXCM client’s funds are kept in top-tier international banks, such as the Bank of America and the Barclays Bank, fully segregated from the company’s funds. I have been trading for 6 years in a variety of things including equity derivatives, options, commodity futures, and of course, forex.

Trading accounts – The FXCM Active Trader account is a popular choice with traders looking to save on trading costs, with a lower spread and a competitive commission of $5.00 per lot traded. FXCM has two types of trading accounts; Standard and Active Trader. FXCM also offers swap-free accounts for traders of Islamic belief. This may be used indefinitely and enables the trader to get to understand all the functions of the trading platform. FXCM is a well-known forex broker that has already received several awards. This includes, for instance , taking 1st place in the so-called “Readership Award 2010”.

• Even when you make some profits, fees are worth noticing as well.
• Canadians should assume that FXCM Canada is a good and reputable broker.
• FXCM was awarded Best in Class for Platforms & Tools, Mobile Trading, Professional Trading, Ease of Use and received multiple star ratings in the ForexBrokers.com 2021 Online Broker Review.
• I saved over $10,209 in rollover fees trading with FXCM for almost 2 years now.
• As an ECN broker, NSBroker offers narrow spreads and low commissions.

I actively traded the CHFUSD and EURUSD pairs and found FXCM to be a great broker to use to achieve my goals. As a result, there are two kinds of trade in particular. On the one hand, traders can also opt for CFD trading. It’s interesting that there’s also a decent selection for traders with regard to order execution. Canadians should assume that FXCM Canada is a good and reputable broker. However, we generally recommend not only looking at the overall rating, but also reading through the ratings in detail.

FXCM offers a limited selection of about 85 assets to trade, including Forex, indices, stocks, commodities and cryptocurrencies. Only the UK company offers a deposit compensation scheme. Forex Capital Markets Limited is a member of the Financial Services Compensation Scheme , an independent compensation fund of last resort for customers of authorised UK financial services firms. Forex education – FXCM offers a great range of Forex educational tools to help traders succeed. Very originally, this broker has also created their own FXCM App Store where traders can find custom-made indicators, EAs, scripts and a lot more.