Latest Updated General Information Broker ReviewReviewed broker:

Operated by: the broker is a subsidiary of GAIN Capital Holdings.

Regulation: US Commodity Futures Trading Commission CFTC, National Futures Association NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)

2017, FXCM reached a settlement related to charges by the National Futures Association (“NFA”) and the Commodity Futures Trading Commission (“CFTC”) to withdraw from the US market. A non-binding letter of intent has been signed with GAIN Capital Holdings (owner of the retail brand to transfer all accounts at no expense to the customer. No date has been set for the transition yet.

Location: USA

Representative offices: US, UK, Canada, Japan, and Australia

USA Traders: allowed

Established in 1999

Trading instruments: Forex, commodities, indices

Trading Platform Features of

Trading platforms: ForexTrader, Metatrader 4 MT4
Web-based interface: yes

Download interface: yes

Currency pairs: 50

Account types: standard, activetrader premium

Minimum deposit requirement: $250 which is a bit high compared to other alternative forex brokers such as XM, IG, FxPro, CMC Markets, and Plus500 and others

Maximum leverage: 1:50 (for USA traders) , 1:200

Real-time charting: yes

Pattern recognition Autochartist: yes

Spreads start from 1.4 pips on major currency pairs

Minimum trade size: 0.01

1 click trading: yes

Advanced order types: OCO, if/then, trailing stops

Demo account: available, but limited, however can be renewed upon request

Segregated accounts for client funds: no

Islamic swap-free accounts: no

Managed accounts: available

Spread types: variable

Educational material: yes

Trading signals: yes

Scalping: allowed

Hedging: not allowed

Automated trading: available

VPS services: no

API trading: yes


Payment methods within the broker

Minimum deposit requirement: $1,000 very high requirement compared to other online forex brokers such as XM, eToro, Avatrade, Instaforex and others.

Payment methods include credit cards, wire transfer, Skrill and Neteller

Customer Service

Online chat: available

Email support: yes

Phone representatives: yes

Educational Material and Promotions

Education: steaming market commentary, market research and review, trading central, reuters news, economic calendar, Tutorials for Beginner, Intermediate and Advanced traders, Platform Tutorials, fundamental and technical analysis


How was the rating of performed compared to other brokers? 

This 2017 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FX broker performance and features. 

Overall our online review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online or you find inaccurate details  broker review please get in touch with us and the changes will be applied. 

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