A Review Of The FXCM Website
What is the URL to go directly to it?
It’s quite easy to remember – the URL is http://www.fxcm.com/.
What is the site like?
The tones of blue on this site draw the eye in to the best sections of it. You can instantly see they have a practice trading account you can open as well as a real live one, so we’ll explore these in more detail in a moment.
The top part of the home page cycles between four separate images, telling you more about what to expect from this site. For example it has ten banks providing it with competitive spreads at all times. There is also no dealing desk, so this sets it apart from some other websites of this nature.
Scroll down and you will see more reasons why you should join this site and trade Forex. Some of the key reasons and features of the site are listed here, so it provides a good place to start when you want some initial information.
What else can you find there?
Take a look back up at the top of the home page. Do you see the yellowish line going from one side to the other? This tells you what the main menu options are. If you click on the first one – trading accounts – it tells you what your choices are in terms of opening different accounts. For example there are micro, standard and active trader accounts, each with their own minimum opening amounts.
The trading platforms section is also worth a look at, because it gives you a video tour of the site and how it works. There are nine separate short videos here that tell you all you need to know, such as information on leverage and margin and the accounts window.
The charts and news section is also worth a look. In particular it is notable because it has charts that are aimed at different people. If you look at each one it is labeled as such, either focusing on beginners, intermediate, expert or advanced users.
Information about opening a trading account for potential users
So let’s whisk ourselves back to the home page so we can see how to open an account here. Since they give you the option of opening a practice account, this is probably the best thing to do initially. Click on the ‘free practice account’ link underneath the big box near the top of the site that scrolls through the different images. This will take you to the practice account sign up page. You will need to fill in all the boxes and once you have done this you can look forward to receiving the password for your account via email.
The benefits of this account are that you get $50,000 of practice money to trade with, as well as having twenty four hour access to the site. You’ll also have access to all their training and informational videos to make sure you get to grips with learning all about Forex trading.
Once you decide you want a proper trading account just click on that option on the home page. You’ll need to select your country of residence first, and once you have done that you can go through the sign up procedure and choose the type of account you want. It’s all quite straightforward and you should be able to start trading for real in no time at all.
In conclusion
As far as Forex trading sites go, this is definitely one of the best. Not only does it provide all the tools you need to start trading, it also provides plenty of information and advice. And in addition to this you can take advantage of opening the right kind of trading account for you. Many sites don’t offer these alternatives – you get the one account and that’s it. But FXCM offers you a range of accounts so you can pick the best one for your situation.
So if you are ready to get practicing or to get started, perhaps you should take a closer look at the FXCM website. It could be just what you are after.
