Beautician By Monica

FXPCM Review

You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients’ financial losses. The only indication on the website is that funds sent via wire transfer usually take between 1 to 3 working days. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account. A forex account is a trading account held by a trader with a company like FXPCM, that is issued with the primary purpose of trading through its platforms. FXCM Markets is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services.


Unfortunately, is not a trustworthy company to deal with, as they are not registered or regulated by any major regulatory authority, such as the Financial Conduct Authority . If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Fortrade is widely regarded as one of the best broker with an excellent standing and favorable trading conditions that cater to both novice and proficient traders.

Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution. This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company. FXPCM is a brokerage company offering trading services for clients since 2007 with offices in United Arab Emirates. FXPCM is regulated by Dubai Gold and Commodities Exchange 114 and SCA 204.

Customer reviews about FXPCM

Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions. FXCM is a leading provider of online foreign exchange trading, CFD trading and related services. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.

Powerful, preloaded tools like Real Volume, Market Depth, and Trader Sentiment. For example, you can look up which instruments are available via thecon.get_instruments() method. Trade popular currency pairs and CFDs with Enhanced Execution and no restrictions on stop and limit orders.

Constant vigilance should be applied at all times when trying to invest in trading platforms. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other traders who have already used the same service, and have expressed their opinions and feedback online on various forums.

Broker Information

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades. FXPCM to provide their Forex/CFD trading services to over 4 million clients.


FXPCM was founded in 2007 and its headquarters in Dubai, UAE. Since its inception, it has expanded worldwide and currently has representative offices in Canada, the United Kingdom, and Mauritius. FXPCM is a leading provider of online trading solutions and financial services in the Middle East. For those who like to trade traditionally over telephone, FXPCM have Order Desk team that works 24 hours. PCM International is continuously gaining new memberships in exchanges and entering agreements with some of the top financial institutions. Such agreements and connections, equip us to provide our valued traders with highly liquid financial instruments and a large number of the best Forex trading instruments.

Besides lots of currency pair, FXPCM also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. The broker does not charge any commissions on most of its account types. However, as the broker provides bare spreads without any commission on the Elite accounts, it charges a nominal commission of $ 6 on a roundtrip trade. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. The broker has thought of mobile users and lets its clients work without PCs.

FXPCM’s customer support team can be reached in real-time by live chat, telephone, email, or a return call option from the website. FXPCM offers trading in spot currencies, metals, oils, soft commodities, indices, stocks, indexes, and cryptocurrencies. MetaTrader4 is the most powerful and popular Forex trading platform ever created.

Trade directly online with TradingView

Currenex is a platform for those traders who prefer to make money with the currency exchange rates difference. Reading reviews from other traders who have experienced FXPCM firsthand is crucial in determining the broker’s reliability. These reviews offer insights into the platform’s functionality, customer service, and overall trading experience, allowing potential investors to make informed decisions. So, whether you’re new to online trading or you’re an experienced investor, FXCM has customisable account types and services for all levels of retail traders.

Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. Forex is a high-risk trading instrument which is not suited for all traders and investors. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

  • Some companies provide their own proprietary platform, while others prefer well-known platforms.
  • What is good for a certain trader does not necessarily mean the same thing to you.
  • For those who like to trade traditionally over telephone, FXPCM have Order Desk team that works 24 hours.

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. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from FXPCM with minimal inconvenience.

How To Withdraw From FXPCM?

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.

If there is a choice, the trader should keep in mind what he would like to trade. The broker also provides a training video to assist traders with opening an account. The process to open a demo or live account can be started from links on the company homepage. In the world of forex broker companies, it counts much for the company’s reputation if it has been honored with awards from esteemed organizations or publications. According to research recently done, FXPCM is an established forex broker company in the United Arab Emirates .

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. FXPCM provides a Research link on the website where it provides economic news, an economic calendar, forecasts and analysis, market depth tools, financial market glossary, and articles. FXPCM is an offshore company and although it is based in Dubai, it is registered in Mauritius through the Financial Services Commission .

These trading platforms are offered in several languages which include English, Arabic, Chinese, Indonesian and Russian. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade.

The FXPCM website language is displayed in English and other languages like Russian, Arabic, Chinese, Indonesian serving international traders. You must understand that Forex trading, while potentially profitable, can make you lose your money. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Currenex connects more than 70 global banks to a superior electronic trading network, making it one of the deepest liquidity pools in Forex. It offers Executable Streaming Prices (ESP™), Request For Streams , Benchmark Trading, Algorithmic Trading, and complete Prime Brokerage functionality with fully integrated Straight Through Processing .

When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Before starting to trade, potential fxpcm clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. Our sales and operations representatives can assist customers with any inquires at all times of the day in many different languages, such as English, Arabic, Chinese, Indonesian, and Russian.

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