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 »



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