Compare FXPCM Vs FXCM: Which is the Better Forex Broker in 2025?
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Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. Currenex is a platform for those traders who prefer to make money with the currency exchange rates difference.
Which has the better spread?
These demo accounts are free to open and can be used by traders for a period of 30 days. Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data. Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
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Customer support at FXPCM
This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. The variable spreads offered by this company for trading on accounts without commissions are about 1.6 pip for the EUR/USD pair. FXPCM does not charge fees for deposit or withdrawal funds but if your bank charges a fee it will be debited to the trader’s 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. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.
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To be the preferred broker for clients looking to become successful in the forex market. That is why we have prepared this FXPCM 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.
- These demo accounts are free to open and can be used by traders for a period of 30 days.
- FXPCM offers trading in spot currencies, metals, oils, soft commodities, indices, stocks, indexes, and cryptocurrencies.
- The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.
- 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.
- Currenex connects more than 70 global banks to a superior electronic trading network, making it one of the deepest liquidity pools in Forex.
TRADING PLATFORMS
Another important element everyone should pay attention fxpcm 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. It is widely known that forex brokers offer other trading instruments other than currency pairs.
Compare FXPCM Vs FXCM: Which is the Better Forex Broker in 2025?
Although its website does not look very attractive, the company provides high-quality service and can be trusted for many reasons. 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. FXPCM offers trading in spot currencies, metals, oils, soft commodities, indices, stocks, indexes, and cryptocurrencies. Funds sent via wire transfer usually take between 1 to 3 working days to be credited to the PCM International bank account. It does not say how long withdrawals take to reflect into the trader’s account.
The core of this platform is built on Cinnober’s TRADExpress and Real Time Clearing platform, and Scila Surveillance System, which is a leading market surveillance system. There is no indication on the website in which currencies deposit can be made, but it would probably be USD, CAD, and AED. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
These trading platforms are offered in English, Arabic, Chinese, Indonesian and Russian. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
PCM Broker
FXPCM offers the choice of demo accounts on all its live account types except for the 100 Leverage and Digital Currencies account types. It does not state on the website how much virtual money is provided that sport real-time prices and trading conditions. They provide a total of 60 indicators with ultra zooming features to read the position accurately.
The head office is located in the UAE, although the company is registered offshore in Mauritius, which may raise some doubts about the safety of trading with this broker. The broker strives to provide a good trading experience and become the preferred broker for all traders. It does provide a FAQ section and a demo account which includes a video on how to open an account.
MetaTrader4 is the most powerful and popular Forex trading platform ever created. The platform includes various execution technologies, unlimited charting quantity, a large number of Forex technical indicators, line studies, custom indicators and scripts, and much more. FXPCM offers new clients a welcome bonus of 10% which is immediately withdrawable. In addition, it offers a cashback rebate of up to 55% of the spreads to all clients and a WebMoney bonus of 10%. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
- They provide a total of 60 indicators with ultra zooming features to read the position accurately.
- The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
- The spread of a currency pair is the difference between the bid and the asking rate.
- The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.
- The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
- Margin is the amount of money required in your account in order to open a position.
Yes, FXPCM offers a trading environment for both beginner and advanced traders. 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. The cost of trading depends on different factors like commissions, spreads, and margins. 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. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years.