An Honest Review of FXCM Forex Broker

forex broker

When you want to use a Forex broker to help with your trades, you want to be sure you are using someone with experience, integrity and a track record of success. You want to make each trade as successful as you can, and you can do this by being able to trust your broker implicitly. You can do this by getting a solid understanding of the broker you are intending to work with.

Regulation

Being regulated is a vital part of a Forex broker’s existence. Without regulation, there are a wide range of possible problems that can easily come up without recourse. In the case of FXCM, the US regulators consider some of the broker’s operations to be misleading. In 2017, the brokerage became banned in the USA for this reason. However, this is an opinion that much of the world does not share.

Much of the world sees FXCM as a reputable brokerage that will serve clients with integrity. Japan, Australia, South Africa and many countries in Europe have no qualms about allowing their citizens to do business with FXCM on a regular basis. It is important to get as broad an understanding as you can about a brokerage before you make a decision about whether or not to use it and entrust it with the money you have had to work for.

FXCM is regulated in Italy, Greece, Germany, France, Israel, Hong Kong, Japan, Australia and many other countries. If there were actually something shady going on, there is a good chance that these other countries would not be willing to put their reputations on the line by allowing such things to continue locally. Their confidence could very reasonably inspire confidence with you.

Experience Matters

It is important to find a brokerage that is experienced, because this is the kind of brokerage that will be able to stick it out through both easier and more difficult market conditions. After all, 2008 was just one example of what can happen when large companies are built on shaky foundations. In the case of FXCM, it has stood a reasonable test of time.

While the Forex market has existed in one form or another since the 19th century, it really took off in the early part of the 21st century. FXCM formed in 1999, right before the Dot Com collapse, and then expanded its operation into Europe when a fair number of financial companies were either stagnant or reducing their sizes. This faith in growth and expansion represents a level of confidence that should be inspiring to you.

Reliability

The very foundation of a reliable brokerage is that its trading platform needs to be robust enough to trust with your money. The FXCM trading platform is one of the most reliable out there. It has won awards as one of the best trading platforms and uses top level SSL encryption.

To get a further review of FXCM Forex broker, all you have to do is visit the site and learn all about this Forex broker.

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