FXCM - global broker or a scam?

FXCM talks about absolute leadership in the global markets. It promises its clients fast account funding and a welcome bonus of 25 American dollars. A registered player gets zero commission, the opportunity to trade with currencies, stocks and CFDs on different investment products. The broker provides services worldwide, but can we believe in its infallibility? Today we will tell you about the true characteristics of the brokerage project, describe its advantages and disadvantages.

General characteristics of the brokerage project

The company offers to open a trading account in just 5 minutes. It provides free access to numerous cryptocurrencies and other financial assets. The trader gets at his disposal a mobile application that can be easily downloaded to any smartphone. Professionals can compete for cash prizes by trading on real or demo accounts. The Metatrader 4 platform, equipped with rich functionality, is provided for trading transactions.

FXCM describes its culture, which consists of the following principles:

The client is first and foremost. The company emphasizes traders, trying to satisfy every need. It shows attention to details that play an important role for interaction.
Integrity. Brand employees do what benefits their partners and clients. The company is interested in its investor’s earnings, and therefore it does not create additional obstacles.
Flexibility. Brand representatives monitor changing market trends and strive to adapt to them. They are attentive to business conditions and customer requirements. With years of experience and acquired skills, employees help move the business forward.

The company has positioned itself as a reliable provider of online services. It was founded in 1999 to provide global access to the world markets. The official website talks about innovative trading tools, experienced teachers and adherence to strict financial standards. Having said that, an investor should exercise caution while choosing his broker. One should check the documents before depositing the initial capital.

Trading with an exchange intermediary

The company provides an opportunity to work on the proven Trading Station Web 2.0 platform. The program is characterized by a modern and understandable interface. It is equipped with useful functionality that simplifies trading activities on the world markets. The exchange intermediary calls this terminal its best development. The client gets access to a wide range of financial instruments from a single account.

Among the functional features of the system are noted:

News calendar integrated into the working platform. It allows you to track important economic events and react to them in a timely manner.
Educational materials and analytical studies remain always at hand. The client gets direct access to the necessary knowledge, he can regularly improve his professional level, increasing potential profits.
Cloud storage allows you to save your profile without losing your past achievements.
Trading analytics helps you improve your performance with a customizable working system.
Price charts provide convenient observation of market quotes. The client will expand his charts to the full screen. He can detach them and transfer them to a second monitor.

The FXCM website talks about the great prospects for cooperation. At the same time, it is important to understand what the company actually does and whether it is a fraud. Checking the reputation online will help to find out the truth. A trader should pay attention to security, talk to past and current clients of the brand.

FXCM: Can I make money?

The exchange intermediary promises good trading conditions, but does not fulfill them in practice. Contacting support did not bring any result, because the employees did not want to deal with the problem. The working system constantly demonstrates failures, which does not allow to reach an attractive level of earnings. Many clients complain about the low quality of service and do not recommend registering in the system www.fxcm.com. The broker cannot be called completely reliable, and therefore it is better for a trader to choose another intermediary for long-term cooperation.