FXCM Review

Overview

FXCM LLC is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures… more

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Details

Broker FXCM
Website URL http://www.fxcm.com/
Minimum 1st Deposit $100
Bonus FCM
Leverage 100:1
Leverage 100:1
Free Demo Account Open Demo
Regulated Yes
Regulation FCM
MT4 Yes
Overall Score Not Rated

Full Review

FXCM LLC is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). As a vocal advocate of foreign exchange regulation and increased investor protection, FXCM LLC is proud to be one of the first foreign exchange firms to register as an FCM following the passage of the Commodity Modernization Act in December 2000. There are three main benefits for FXCM LLC clients and potential clients:

FINANCIAL STANDARDS AND OVERSIGHT

FCMs are required to meet strict financial standards, including capital adequacy requirements. On a regular basis, FCMs are required to submit financial reports to regulators. These standards are enforced by the NFA, which has the right to fine firms and/or terminate an FCM’s regulatory status for violations.

GREATER TRANSPARENCY OF BUSINESS PRACTICES

The National Futures Association keeps records of all formal proceedings against Futures Commission Merchants. With a couple clicks of the mouse, a trader can find out if the firm has had serious problems with clients or regulators. Information can be found online at:http://www.nfa.futures.org/basicnet/

View the profitability numbers for clients of Forex Capital Markets, LLC

A FRAMEWORK FOR DISPUTE RESOLUTION

The U.S. regulatory framework is widely regarded as one of the best in the world for investor protection. If a dispute with an FCM arises, investors can turn to the NFA or the CFTC.

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