FXCM UK Forex Broker Review – Currently NOT VERIFIED

Looking for a new Forex broker to try out? Then you might wish to take a look at FXCM UK. Rated as a good place to start by many professionals, this broker has also become popular for veterans of the industry. If you want to get yourself into a platform that offers a very focused and specific number of trade options, then FXCM might be worth considering. Is it, though, the right choice for you at this moment in time?

Forex Broker History

With over twenty years of proven success, FXCM has been on the go since 1999. This gives you some immediate comfort that this is a platform that has been running safely for a long time. Part of that security comes from not only the longevity, but the fact it is rated as a low risk Forex broker. Why? Because it holds regulation with three Tier-1 jurisdictions.

The fact it is a Leucadia Company is a big boost, too, offering you another seal of quality. This makes it a Jefferies Financial partner, helping to further cement the proof this is reliable.

Bonus Offers and Promotions

If you are looking for a company that offers promotions, then joining the FXCM Rebate Program makes a lot of sense. This offers you cash rebates on trades, but it can also break down into a series of different tiers thus providing you with even more value for money.

You make trades, get paid, and repeat – it really is that simple to get your rebate money with the program. They also enjoy the chance to start up an account with limited zero commissions if you switch to FXCM UK from another trader. As you can see, then, the promotions offered at FXCM are worth exploring and could be just what you are looking for to help you speed things up and get your hands on some extra value for your money when trading.

In total, you could make a lot of extra savings with special offers, including their TradingView social network promotions.

Regulations

Regulations always matter when using any Forex broker, and FXCM does not let you down at all in that regard. At the moment, the three major groups that back FXCM include the Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), CySEC, FSCA and (via Friedberg Direct) the Investment Industry Regulatory Organization of Canada (IIROC).

This is a trio of highly respected regulatory platforms, so you can trust that FXCM is a safe place to use. Regulations should never be seen as an after-thought, and this platform clearly takes their regulations very seriously. As such, you can use this with total peace of mind.

Platforms Offered

If you are looking for a platform that offers you with various tools to work with, then you have a friend in FXCM. This platform uses various platforms and tools, including the likes of MetaTrader 4, NinjaTrader, and TradingView. This also includes access to the likes of ZuluTrade and Trader Workstation. So, in terms of sheer numbers and options, you should have no problem in using the platforms which are offered by FXCM.

The main station they offer is Trading Station, which has become one of the most popular options outside of MetaTrader to work with. They have various options to suit every skill level, with this one offering a great beginner-friendly option for the most part.

You get a lot of options to use that can offer numerous features such as back-testing, so you can have your ample choice when looking through the options available on-site.

The other tools they provide you with including an algorithmic trading system that is part of the wider FXCM App. You can also get access to useful speciality platforms such as Capitalise and Seer Trading, making sure you are never short on options when it comes to getting things set-up.

Education and Support

If you want to learn about the Forex trading industry through FXCM, then you can do so using their excellent in-house education system. This gives you various research tools such as EFX Data, and you can also get their FXCM Plus platform that gives you trading ideas, insight, and more. You can also use their Daily Snapshot series to help you get market ideas and coverage from their experts. With various training videos and educational tools to use, you can see why FXCM is such a popular choice for most people.

The written and video tutorials are excellent, and you should be able to gain access to most of the details you need to get started. However, one thing to think about is that many of the videos are being moved to a platform outside of Adobe Flash thanks to the fact it is no longer supported by most web browsers.

Withdrawal and Deposits

Your minimum deposit amount will vary depending on where you are based. It can be as low as $50 in some places, but as high as $300 in others. Keep that in mind. In terms of withdrawal speeds, though, you should not be waiting too long to get your money out – again, though, it does come down to where you are based to make sure your money moves in/out of your account quickly.

Customer support is friendly, though, so you should have no problem chasing up any delays in getting money in and out of your FXCM account.

Verdict

We have to say that if you are looking for a platform with plenty of insight and information built-in then you should positively adore FXCM. It’s a good choice with so many options for algorithmic traders in particular, ensuring that you can keep things moving along and progressing exactly as you would have wanted.

However, don’t think that FXCM is only for experts and advanced traders. A litany of reliable, professional options should be just what you are looking for if you are beginner. And, well, you can get that in abundance with FXCM. Definitely a choice for those who like choice, who enjoy educating themselves, and never want to be stuck with just the one option.