FXCM Broker Review

Welcome to Fxcm. Fxcm is probably the worlds biggest and most recognizable online forex broker on the internet today. FXCM LogoBut life wasn't always so peachy for this forex trading broker. Once upon a time, Fxcm was involved with Refco, or rather Refco bought a 35% stake in Fxcm. Refco was the biggest futures and commodities trading broker on the CME. Due to an accounting scandal, Refco collapsed in 2005. Since that time, the 35% stake has since changed hands and Fxcm began rebuilding itself anew.

And a stellar job they did as no other broker is as popular on the internet today as FXCM is. Part of the reason why Fxcm is such a popular choice among forex brokers is the fact that Fxcm has the best spreads for smaller accounts anywhere on the internet. A 4 to 5 pip Gbp/Jpy spread offer on mini or micro accounts is unheard in any other online forex broker. Fxcm is fully regulated by the NFA and CFTC. Fxcm has offices in all the major financial hubs worldwide (New York, London, Hong Kong, Sydney, Tokyo). They are a true multilingual forex broker, offering their services in all major languages such as English, Japanese, Chinese, French, German, Spanish, Arabic and in Russian as well. Fxcm does not have a dealing desk, meaning all orders are put through to a financial institution or a bank. While their bread and butter platform is the FXCM Trading Station II, they are testing with Metatrader 4 which is sure to make many customers happy. Metatrader 4 is highly configurable yet easy to use forex trading platform that is very popular among Malaysian online forex traders.

 

Due to the immense number of people trading with Fxcm along with their stability and excellent spreads, they are easily among the broker elite along with InterbankFX, Easy Forex and Oanda. Fxcm offers free trading signals as well as free automated trading softwares for its customers.

Fxcm Micro is the most popular forex micro account on the internet. All that is needed to open an account is $25 US Dollars and you can begin trading. The spreads for Fxcm micro accounts are still as low as regular accounts which is a huge plus. They also hold free forex seminars in Australia, Asia, Europe and America. All in all, it is tough to find a crack in Fxcm's armor as their huge size combined with prompt service and low spreads make them a very secure forex broker for all forex traders in Malaysia..

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