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
Beginner's Guide To FXCM: Opening A Demo Account
TradingAs one of the largest retail forex brokers based in the U.S. Forex.com offers forex traders a reliable, transparent, and high-quality platform.
InvestingA demand deposit is any type of account where the money in the account may be withdrawn at any time without prior notice to the financial institution.