de | cn | ru

Brokers News

FXCM: America's Top Forex Broker

Late last week the Australian research company Investment Trends announced to the media that it has completed a comprehensive report on the U.S. retail forex market. 

 
In order to figure out what's what on that scene, in March and April this year Investment Trends surveyed close to 12,000 retail investors (let's hope they didn't lie on their questionnaires; kidding!). 
 
According to the research, American traders have a favorite broker, and that's – not surprisingly – FXCM, one of the forex giants not only in the USA but also worldwide, with 26% of interviewed traders putting the broker on top of the “Overall satisfaction” list. FXCM also ranked best in the customer service and educational resources departments (frankly, I have never been too impressed by the broker's customer care reps but I guess they do what they're supposed to). 
 
There one more leaderboard that FXCM is heading: the size one; take a look at the five biggest brokers in the U.S.: 
 
1. FXCM
3. OANDA
4. FXDD
 
To rank them, traders had to evaluate their brokers based on a complex mix of criteria, featuring 21 areas such as functionality, service, and price. What's interesting to note here is that 88% of the investors who took part in the survey claimed that they are happy with their brokerage house, and rated it positively, and a mere 2% gave their brokers a poor rating. When you think about it, this makes a lot of sens: we are speaking of a very limited market here, and brokers are going that extra mile to make sure their clients are satisfied with what they get.  
 
 

The U.S. forex market: the most mobile forex market worldwide

 
According to Investment Trends, 115,000 Americans traded forex at least once in the period April 2012 – April 2013, which accounts for a decent market – however this number also speaks of a low level of adoption relative to the adult population of the country – only 0.05%. For comparison, this percentage is 0.31% in Australia, and 0.15% in the United Kingdom. 
 
What's peculiar, though, is that the USA takes the lead when it comes to mobile trading: according to Investment Trends, over 60% of the American traders trade from a mobile phone and/or tablet. This level of mobile trading adoption is incredibly high, given that on a global scale only 10% of trading is carried out through a mobile device. 
 
Most of the traders who tool part in the survey admitted that they would mainly use mobile trading apps to monitor their accounts but the number of people who actually place orders is increasing. 
 
 

About FXCM

 
FXCM is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
 
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts.
 
FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
TAGS: forex  forex broker  forex trading  forex survey  US retail forex market  retail forex  Investment Trends  FXCM 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

de | cn | ru