FXCM attempts to cater to the trader by offering a variety of platforms, account types and spread/commission structures. All account types provide instant, no-dealing desk execution, access to news, analysis tools, forums, events and trade signals. Infrequent or small traders will benefit from using the Micro account which only requires $50 to open, provides a competitive spread but does not have live phone or chat support. The average trader can use the Standard account which provides competitive spreads, requires a minimum $2000 initial deposit and provides 24-7 live support. Traders doing $10 million or more a month, in volume, will benefit from the Active Trader account, which has reduced spreads but charges a small commission, and also has live 24-7 support.
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