Many Fxcm Broker Review pieces have been written on the internet. They are the most well known Forex broker in the industry of online Forex trading. However they have had their troubles in reaching this point and becoming the common name within the community of Forex brokers. Refco was who they started out as in 2005 as a commodities and futures broker. They were the biggest broker for Forex that Chicago had seen on the CME or Chicago Mercantile Exchange. At that time, they were worth around 4 billion and this allowed the purchase of Fxcm.
Unfortunately in the same year, Refco went bankrupt under the weight of over 430 million in bad debt plus the scandal in the accounting department that followed. This damaged Fxcm badly but they turned it around and are the best online broker for Forex in the industry. One reason for their turnaround is happy customers and stable finances. They are also known for the seminars all over the world along with the promotion on Google AdSense. Their marketing techniques are successful and bring new customers to the brokerage firm. Amazingly low spreads on currency pairs that are major also is a great draw.
Opening an account with this brokerage firm is easy and the deposit limit is low. A micro account needs $25 to open with this firm. Also leverage of 400:1 is the highest offered in the industry. Using the trading software is also a joy. FX Trading Station is one of the easiest platforms to use and Meta Trader 4 is also available for specific accounts only. This is highly customizable and is favored by the trading community at large. Unfortunately, this platform is not offered to those with a micro account. A demo account is also offered for those wanting to learn the market.
Trading courses, seminars and videos are available to beginners and customers that are new to the firm. Free trading signals for the Forex market are also offered to interested customers. Overall this brokerage firm is the best for both new and experienced traders in the Forex market. Making use of the demo account is also advised if you want to learn about the software and trading via the Fxcm gateway. You have learned in this Fxcm Review all about why Fxcm is one of the best trading brokers for Forex online. Try them out and see for yourself what the fuss is all about.