FXCM Review
FXCM’s Forex Trading Zone is one of the largest and most respectable brokers in the Forex industry. The FXCM firm has over $100 million in capital and over 100,000 traders in nearly 200 countries including the United States, Britain, Japan and Canada. FXCM’s headquarters is in New York City and they also have offices in Tokyo, Hong Kong and London.
Unlike many of its counterparts, FXCM offers low minimum deposits for new customers. Their Mini account has a minimum deposit of $300 and their Standard account has a minimum deposit of $2,000. Therefore, FXCM can be a great choice for traders that are new to the Forex market and aren’t ready to trade large quantities of money.
FXCM offers its traders a lot of options when it comes to their trading platform. When you trade with FXCM you can use the popular MetaTrader 4 platform, or download FXCM’s Active Trader or Trading Station. Alternatively, Mac users can use FXCM’s Java platform. This is unique, as not all Forex trading platforms online are compatible with Macintosh. FXCM’s Trading Station is fully customizable so you can set up the interface to meet your own needs and comfort.
FXCM also offers new traders demo accounts. With a demo account you can practice trading for free with $50,000 in practice money. After 30 days of practicing the demo account will expire and you can start trading with real money. The demo account is exactly the same as the real account, with the exception of the money. As a demo user you will have access to all the same resources, including support. This makes FXCM the perfect choice for new Forex traders.
