The leading global forex and CFDs broker FXCM constantly tries to optimize the trading experience of its clients and puts much efforts into technology innovation. After launching big-data technical analysis indicator in August (free of charge), the brokerage announced the latest enhancements to its API technology services on Tuesday.
FXCM maintains thousands of live Application program interface (API) accounts, as well as institutional third party partnerships. Currently, its API Technology Solutions Suite Includes the following:
- For Algorithmic Traders
Marketscope Indicore is perfect for the most common API needs, built specifically for algo trading. Algorithmic Traders can use it to back test their customized trading strategies. Furthermore, it offers a number of prebuilt, open source strategies and indicators, as well as free data on more than 80 instruments across 40 months.
- For Technology and Cloud Providers
FXCM's APIs for technology and cloud providers provide traders with low-bandwidth, pulling architecture, with no account minimums, a full range of trading orders, and access to historical forex and CFD data. The brokerage offers ForexConnect and Java API solutions.
The most flexible API offered by FXCM is ForexConnect, which allows traders to use the capabilities of its Trading Station GUI. It supports multiple languages (C, C++, C#, Java, Visual Basic), and platforms in Windows, Linux, iOS and Android. Java, on the other hand, is a scalable light and API based on the FIX specification for forex and customized for trading, with which developers can create client or server-side applications.
- For Institutional Traders
FXCM's FIX API is an enhanced high-speed option for money managers, high-frequency traders as well as for those who are running their own brokerage. Institutional traders (having an account with a $25,000 minimum balance) are able to get cutting-edge interface with the largest amount of pricing data per second, market depth, and EMF and receive fast trade confirmation.
What is more, FXCM offers API-enabled demo so anyone who is interested may check out the API options for free.
FXCM is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). It has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France. The broker offers forex, CFDs, and spread betting services.