Founded in 1999, FXCM is one of the largest and most financially strong forex brokers, and is regulated in the US, the UK, Dubai, Hong Kong, Australia, and France. In the US, FXCM is a registered FCM with the CFTC and is a member of the NFA (ID # 0308179). FXCM offers a wide variety of products and services, providing No Dealing Desk trading execution† to over 150,000 live accounts trading through FXCM’s multiple platforms. FXCM’s No Dealing Desk Execution eliminates any conflict of interest between broker and trader, ensuring that there is no dealer intervention in trades. No Dealing Desk trades are executed back to back with one of the world’s premier banks or financial institutions, which compete to provide FXCM with bid and ask prices, providing spreads as low as 1 pip.*
Key benefits to trading with FXCM include trading directly From Charts, Positive Rolls at All Margin Levels, Up to 400:1 Leverage** and free access to real-time proprietary trading signals.
FXCM’s trading volume, over $365 billion worth of transactions monthly, as a result, FXCM has obtained close banking relationships with some of the world’s largest and most aggressive price providers. The trading platforms have been tested in all market conditions, and routinely handle about 300,000 trades per day, averaging 8,000,000 orders executed each month.
FXCM has received numerous awards from the investment community, including “Best Currency Broker” from Shares, “Best Retail Foreign Exchange Platform” from FX Week and “Best Foreign Exchange Specialist” from Technical Analysis of Stocks & Commodities.
FXCM's discount brokerage division, FXCM Micro, allows traders to experience the excitement of the forex market with as little as $25.
FXCM has LIVE support 24-hours-a-day, 7 days a week ―Phone, IM, and E-mail.
Sign up for a free $50,000 practice account.
Products Offered
* Self-Trading Accounts
o Micro
o Standard 10K accounts
o Active Trader Platform, 5-Level Display of Market Depth
o Segregated accounts through FXCM UK (an FSA regulated entity) http://www.fxcm.co.uk/open-an-account.jsp
* Automated Trading
o Forex System Selector
* Non-USD Accounts
o Euro
o Pound
o CAD
o JPY
o AUD
o NZD
* Trading From Charts
o Placing trades directly from the charts
* No Dealing Desk
o Transparent and fair execution. Every trade is executed back to back with one of the world's premier banks or financial institutions, which compete to provide FXCM with bid and ask prices. The best spreads available to FXCM are streamed to you with a small markup, which is generally one pip or less for major currency pairs.
* Fractional Pip Pricing
o FXCM offers prices in tenths of a pip to provide lower spreads for popular currency pairs.
* MetaTrader4
o All of the features of MetaTrader 4, plus the benefits of trading with one of the largest and most financially strong Forex Brokers.
* $50,000 Practice Trading Account
o You can test and evaluate trading strategies with no risk. You can access FXCM's Client Services staff 24 hours a day, 7 days a week, 365 days a year.
Education is another major area of emphasis at FXCM. Over the years, the FXCM Education Department has developed several beginner to expert-level currency trading courses, enrolling almost a thousand new traders each month. FXCM recently added 15 free instructional videos to its Web site; they attracted over a quarter-million views in their first six months.
News DailyFX.com, FXCM’s free news website, is one of the world’s leading news and information sources for the currency trading community. With a wide international audience, it attracts over 4 million page views a month. DailyFX analysts produce 10 to 20 articles and reports every day on the latest changes in the currency market, providing timely technical analyses and a close examination of promising chart formations. DailyFX.com also attempts to predict market moves, explaining economic, political, and technical factors driving the market.
Other Special Features:
* Economic Calendar: a complete release schedule of news events coming out of the G-10 countries, with sort and filter capabilities to rank each by their importance and impact on specific currencies.
* Forum: The DailyFX.com Forum is a serious online forum that avoids the “market noise” and irrelevant personal commentary that plague many forex blogs and forums. DailyFX continues to keep the DailyFX.com Forum the place where real traders go to talk about serious trading.
* Free Charts: free forex charts for beginning, intermediate, and expert traders, complete with live currency quotes.
* Live rates: live currency rates around the clock.
* Economic Countdown: watch the clock tick down to enter the market and actively trade in fast-moving market conditions. When the countdown reaches zero, the economic announcement will be published on DailyFX.com. Within minutes, DailyFX.com analysts will release an in-depth examination of the event and how it may affect the currency market.
Regulation FXCM Holdings, LLC includes firms registered and regulated in 6 international jurisdictions, which all have separate and stringent financial requirements:
United States: Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA)
United Kingdom: Financial Services Association (FSA)
Hong Kong: Securities and Futures Commission (SFC)
Australia: Australian Securities and Investments Commission (ASIC)
France: Banque de France (BDF)
Contact Information
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
USA
Phone: + 1 212 897 7660
Toll-free (USA): 1 888 50 FOREX (36739)
Toll-free (International): Find Number
Fax: 212.897.7669
E-mail: sales@fxcm.com
Website: www.fxcm.com
Please note FXCM Micro in its discretion may or may not offset individual transactions unlike transactions in most FXCM Standard accounts. For additional information, click here.
*Please note that FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the typical spreads displayed here. Additionally, typical spreads may not be applicable to Japanese-yen-denominated accounts or client accounts of referring brokers. Certain currency pairs may not be available for all account types.
** Without proper risk management, Currency Trading has a high degree of leverage which can lead to large losses as well as gains.
http://www.forex-ratings.com/fxcm/
FX Clearing Forex Broker, a Canada-based trading company, started their online operations in 2007. They are regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC http://www.fintrac-canafe.gc.ca/), and is registered with the Ministry of Government Services (Member # 1710457). FX Clearing requires $10 for initial deposits.
Their payment options include PayPal, Moneybookers, any major credit or debit card, and wire transfer. Third party deposits are not accepted, meaning it has to come from an account under your name before they accept funds. FX Clearing already has a few reviews on some trustworthy forex sites out there, and these feedbacks convey different views.
Some clients claim that upon checking, the difference between demo and real accounts are quite noticeable, as there are requotes due to the slow server. So far there are no complaints regarding mishaps on withdrawals, so it would be best to test the real account diligently before deciding if FX Clearing is the broker of your dreams.
Basic Broker Details
Site https://www.fxclearing.ca/
Country of Origin Canada
Accepted Deposit Modes PayPal, Moneybookers, any major credit or debit card, and wire transfer
Withdrawal Method PayPal, Moneybookers, any major credit or debit card, and wire transfer
Leverage 1:500, 1:400, 1:200 and 1:50
Regulation Body Financial Transactions and Reports Analysis Centre of Canada (FINTRAC http://www.fintrac-canafe.gc.ca/)
Spread 1-2 pips (EUR or USD)
Minimum Account Requirement $10
Pros of FX Clearing Forex Broker
* MetaTrader 4 support
* Good spreads
Cons of FX Clearing Forex Broker
* Slow server
http://www.itradeallday.com/fx-clearing-forex-broker-review
When foreign tourists visit the United States and they have some extra cash based on their home currency (like the British Pound as an example), would they wait until the exchange rate goes in their favor before cashing it to US Dollars? Although the scenario is merely a tourist tactic, choosing a broker Forex option can help save an aspiring trader from foreclosure.
There are several tips from experts and even some of those who have been trading with currencies even if they do not have any business-related degrees or education and managed to be successful even on a small scale. One thing to consider when choosing a broker Forex option is that everything is nearly on the safe side, and it can vary 24 hours every time. Time is money, literally, as a chosen currency may deflate with the next three weeks to three months before decaying, and everything can be returned from what it was paid for.
This is something that cannot be determined by simple logistics or the best Forex software robots in the market, as everything is based in insight and the information used. Currency brokers would be the best source of information, giving tips and advises on what to invest on for the coming months, as everything economic rides on the fate of the said currency.
Before choosing a broker Forex option, consulting a broker would be the first step, as everything can be purchased in packages to determine if it can be traded in the long run without losing too much on the initial investment.
http://www.articlesbase.com/
If you're just starting out in currency trading and you want to make a quick profit, then forex swing trading is ideal for you. In swing trade, trade takes place in over a few days to as long as a week as the forex trader seeks to take advantage of short- to medium-term swings in price movements.
Basic concepts the swing trader needs to understand are support and resistance levels. Support is a price level below which a currency price rarely falls; on the other hand resistance is a level above which prices rarely rise. Once you have identified such levels, you can use them to develop a swing trade strategy.
For example, a trader doing forex swing trading identifies a resistance level that prices continuously fail to exceed. This is a sign that you should sell your holdings when they approach the resistance level. On the other hand, if the prices break through the resistance level, it is an indicator that the upward price trend is accelerating.
Apart from developing a strategy, you also need to have the right psychological mindset when swing trading. You have to adopt a hit and run approach rather than riding a trend in the hope that it would lead you to bigger profits. Thus, when your holdings approach the resistance level, sell at once rather than waiting for prices to test the next level.
Even if you're a beginner to currency trading, forex swing trading can lead to huge profits, as long as you can develop a good system that is easy to apply and learn to trade with discipline.
http://www.articlesbase.com/
