Is FXCM regulated in UK?
Forex Capital Markets Limited (FXCM LTD) is regulated by the Financial Conduct Authority (FCA) in the UK.
How much does FXCM cost?
Snapshot of FXCM platform
| Feature | Description |
|---|---|
| Spread fee – AUD/USD | $0.03 per $1,000 |
| Education and resources | Yes |
| Does it offer fixed spreads? | No |
| Leverage | 1:1 – 30:1 on the standard account |
Does FXCM have bonus?
Although FXCM does not offer bonuses, rewards, promotions, or competitions traders should not be discouraged by this from registering for a real account as bonuses may still be in planning and development phases to be announced at a later stage.
What is MMR in FXCM?
For example, the margin requirement (MMR) for a specific currency pair is calculated as a percentage of the notional value of such pair. As an example, if the Euro strengthens against the US dollar, more margin will be required to hold a EUR/USD position in a US dollar denominated account.
Can I use FXCM in USA?
The company was banned from United States markets for defrauding its customers. Its former parent company, Global Brokerage, Inc. filed for bankruptcy on December 11, 2017. FXCM withdrew its CFTC registration and agreed not to re-register in the future, effectively banning it from trading in the United States.
Which broker gives welcome bonus?
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Does FXCM allow scalping?
Forex: On the forex, the major currency pairings are suitable targets for scalping. Specifically, the EUR/USD and GBP/USD offer consistent opportunities. Futures: Listed on the Chicago Mercantile Exchange (CME), equity index and commodity futures are renowned scalping markets.