FXCM
STPFXCM is a veteran forex broker with 25 years of history, offering its proprietary Trading Station platform and no dealing desk execution across 4 major regulatory jurisdictions.
Trading Forex and CFDs involves a significant risk of loss.
Our Rating Breakdown
Scores based on independent research and live account testing.
FXCM Full Review
FXCM (Forex Capital Markets) was founded in New York in 1999 and is one of the pioneering retail forex brokers. Despite past regulatory issues in the US (resulting in withdrawal from the US market), FXCM remains a respected broker with FCA, ASIC, FSCA, and IIROC regulation.
Trading Station
FXCM's proprietary Trading Station is considered one of the best non-MetaTrader platforms available. It features advanced charting, strategy backtesting, and automated trading through FXCM's ACM API. Active Trader's Strategy Lab allows algo development without coding.
Platform Diversity
FXCM supports more platforms than most brokers: Trading Station, MetaTrader 4, TradingView, NinjaTrader, and various API solutions for developers — making it appealing to traders with specific platform preferences.
No Dealing Desk
FXCM operates a No Dealing Desk (NDD) execution model, meaning it doesn't trade against its clients. Orders are filled at the best available prices from liquidity providers.
Research
FXCM's research team produces daily market analysis, trading signals, and an Economic Calendar — useful supplementary resources for fundamental traders.
Verdict
FXCM is best suited for experienced traders who specifically want the Trading Station platform or NinjaTrader integration. Beginners may find better value with more beginner-friendly alternatives.
Pros
- 25 years of history in the industry
- Excellent Trading Station platform
- Multiple platform choices including NinjaTrader
- Strong research and market analysis
- No dealing desk execution
Cons
- Wider spreads compared to ECN competitors
- Not accepting US clients
- Less competitive than newer brokers
Broker Details
- Headquarters
- London, UK
- Founded
- 1999
- Type
- STP
- Min Deposit
- $50
- Max Leverage
- 1:400
Regulation
Platforms
- Trading Station
- MetaTrader 4
- TradingView
- NinjaTrader