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Beginner's Guide To FXCM: Services Offered

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FXCM offers a "No Dealing Desk" trading model that allows traders to interact with liquidity directly, without dealing-desk intervention. There are three types of accounts, all of which function under the no dealing desk model. Micro accounts can be opened for as little as $50, Standard accounts require a $2,000 initial deposit and Active Trader accounts require a $50,000 minimum deposit.

When starting an account, traders can choose from a number of software/trading platforms: Trading Station (download), Trading Station Web (online), mobile trading (download), MetaTrader 4 (download) and Active Trader (Active Trader accounts only).

Registered as a Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED), FXCM is a member of the National Futures Association (NFA).

SEE: Top 7 Questions About Currency Trading Answered


Figure 1: Additional FXCM advantages



Next: Beginner's Guide To FXCM: Opening A Demo Account »


by

Cory Mitchell

Cory Mitchell
Cory Mitchell is a proprietary trader and Chartered Market Technician specializing in short to medium-term technical strategies. He is the founder of VantagePointTrading.com, a website dedicated to trader education and market analysis.

Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association. His free weekend newsletter includes trading strategies, tutorials, as well as stock and forex market analysis.

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