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Trading accounts – The FXCM Active Trader account is a popular choice with traders looking to save on trading costs, with a lower spread and a competitive commission of $5.00 per lot traded. Withdrawals fees – Same policy applies for withdrawals (processing times are typically 3-5 working days). FXCM does not charge any additional fees for withdrawals by cards. However, there is a $40 fee for all bank wire requests.
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A trader will be charged a dormancy account administrative fee every calendar year if there is no client-initiated activity in the 12 months preceding the charge date. The fee is up to 50 units of the account currency or the account balance, whichever is less, debited from the account. Trading with FXCM can be done via the MetaTrader 4, NinjaTrader, TradingView and FXCM’s own proprietary platform, the Trading Station. All the trading platforms are available for desktop and mobile trading.
FXCM offers a limited selection of about 85 assets to trade, including Forex, indices, stocks, commodities and cryptocurrencies. FXCM does not have any PAMM accounts alternatives for private money managers. Fxverify is the first of it’s kind and only publishes fxtm broker reviews user reviews by verified customers with a real FXCM trading account. Overall, on our FXTM review, the broker scores a great 4.1 out of 5 as it is a good choice for traders looking for a reputable broker with good regulations in place and safety of funds.
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