FXPCM Broker Review: Is this a Scam or a Legit Service?
The full name of the company is Forex Capital Market, and it was founded in 1999. It is an old name on the market and therefore, it is well known among traders. However, you should always make sure that the broker is really trustable.
That is why we have prepared this https://forex-reviews.org/fxcm/ review to see the real truth about this broker. The firm has gradually expanded all over the globe with offices operating from Mauritius, Canada, and the UK. FXPCM is subjected to regulation under the Financial Service Commission of Mauritius (FSC). It is important to note that FXPCM also provides Islamic accounts or, as they are also called, swap-free accounts.
This lets traders following the Muslim faith and Sharia Law keep on working with Forex. As we have already said, FXPCM specializes in Forex and CFDs trading. Cryptocurrencies, however, cannot be traded separately, only in CFDs. We have checked the way the customer service works here and were satisfied.
Payment methods at FXPCM
They provide a total of 60 indicators with ultra zooming features to read the position accurately. Lack of a watch list on mobile platforms is an important thing to consider. Customer support becomes vital when dealing with investment and it stands as one of the main features of forex brokers. The FXPCM website language is displayed in English and other languages like Russian, Arabic, Chinese, Indonesian serving international traders. Another important element everyone should pay attention to when choosing a broker is the user reviews, which can tell us a lot about a specific company. Of course, there are many fake opinions and satisfied customers do not always leave reviews, but there are still some we have to pay attention to.
This association increases the trust factor of JFG as the firm is listed on the NY Stock Exchange. It also comes under the regulation of FCA (United Kingdom) and ASIC (Australia). FXPCM is known to levy additional charges in case of inactivity for 30 days in any of their trading platforms. He is sure that this is the best company based on his experience due to good customer support and quick servers.
Mobile trading at FXPCM
It is also important to note that users with standard accounts have to pay an amount indicated in prevailing spreads. If you are an Active Trader, you only have to pay the commission per trade and have a discount for the previous type of spreads. Another user with the profile name “Nathan” reflected the same and seemed impressed with the timely withdrawal mechanism offered by FXPCM. FXPCM has the reputation of being one of the oldest forex services providers with Jefferies Financial Group, which is the prime shareholder.
- He is sure that this is the best company based on his experience due to good customer support and quick servers.
- It is important to note that FXPCM also provides Islamic accounts or, as they are also called, swap-free accounts.
- They combined the Trading Station and MT4 platform to give traders software with many features and availability of algorithmic trading.
- We have checked the way the customer service works here and were satisfied.
- The fees at FXPCM are not high, but they are also not the lowest in the industry.
- However, you should always make sure that the broker is really trustable.
Online Reviews can help grasp the online presence and reception of brokers which can be considered as a critical guiding factor before investing. The following are some of the reviews about the trading experience in FXPCM. FXPCM is one of the oldest brokers in the industry with a decent reputation. Although its website does not look very attractive, the company provides high-quality service and can be trusted for many reasons.
FXPCM Broker Review: How good is it?
It is regulated by an authority with a good reputation and has a lot of positive reviews on the internet. The broker has thought of mobile users and lets its clients work without PCs. They combined the Trading Station and MT4 platform to give traders software with many features and availability of algorithmic trading. There are many advanced tools that can be used to increase your profits. As far as the customer review goes, FXPCM comes across as a decent trading brokering service with an emphasis on customer support and ease of access. Although reviews alone cannot assure credibility and further investigation is required if serious investments are at stake.
You can create trend-lines with the smallest details thanks to the possibility to zoom in the position. However, the Trading Station software for mobile phones or tablets lacks a watch list. Keep in mind that the instruments you select to be shown are synchronized on all your devices. The fees at FXPCM are not high, but they are also not the lowest in the industry. Comparing its fees with other brokers is very difficult, so we have decided to simplify it for our readers. Traders are given access to a very big list of currency pairs and other assets.
Customer service
It usually took less than an hour during work time for a support agent to answer us. The answers were quite professional and solved most of the requests in the first two messages. More information on all the choices can be found on the official FXPCM website in the “Products” section. The main shareholder of the Forex Capital Market is the Jefferies Financial Group which is listed on the NY Stock Exchange. The broker is considered to be a safe choice because it has many years of successful experience. Also, it is regulated by the United Kingdom FCA and Australian ASIC.
FXPCM is a decent forex broker with a good reputation and has a long history of operation. The website is somewhat old-styled but the firm is known for high-end trading services and can be trusted for its secured features. The firm is supervised by various regulating authorities increasing its trust factor. It offers a trading option with less than $100 which is an optimum market offering.
About FXPCM
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Customer reviews about FXPCM
Here is what a user with a name Shervin thinks about the broker.