FXCM try out of the App and platform

If you’ve ever looked at trader testimonials and customer reviews of the many Forex brokers, you may have noticed that the trading platform of the particular broker takes up a large part of the review. This has not always been the case, as in the past it was mainly the trading conditions that were considered most important when making a comparison.

FXCM history
FXCM history

Although this is still the case today, it is now generally accepted that it is precisely the trading platform that should be considered as the basis for trading. Without a trading platform, no broker can offer his services, because it is only through this special software that clients can place orders and manage their securities account or trading account. This is true for FXCM as well as any other Forex and CFD broker. For this reason, we would like to begin by taking a more general look at trading platforms and trading apps and then move on to the second part of the guide, which will explain in detail which trading platform traders can use with Broker FXCM.

Trading platforms as the dashboard of trading

Meanwhile, most investors, investors, and speculators are aware that trading currency pairs and CFDs are generally not possible via the house bank. Instead, the services and benefits of special brokers must be used, known as Forex and CFD brokers. Normally, it is only through these specialized brokers that private clients can also trade currency pairs and, through the CFDs, shares, commodities, and indices. The trading platform itself is a piece of software whose primary purpose is to provide traders with access to trading.FXCM offers its clients several different trading platforms through which clients can execute their trades.

The following are the main tasks that a trading platform must perform:

  • Placing orders
  • Forwarding of trades for trading
  • Account management for the trader
  • Information portal
  • numerous tools and functions available

Thus, the trading platform has the primary function of providing information and tools to every broker, including FXCM. On the other hand, it is only through the trading platform that clients can place orders and manage their trading accounts. Today, more and more trading platforms are equipped with numerous functions and various tools in order to provide the customer with the widest possible range of functions and aids free of charge.

FXCM Trading platforms
FXCM Trading platforms

Some of the features and tools that you will find more and more often on many trading platforms today are

  • Real-time quotes (real-time prices)
  • Display of charts
  • Current financial news
  • Multiple order types
  • Individual watch lists
  • Customize the platform to the personal preferences of the trader

In addition, there are numerous other functions that are also made available depending on the broker and trading platform. For years, most Forex brokers, such as FXCM, have been offering not only the trading platform accessible from a PC or notebook.

There are also so-called trading apps so that in the meantime almost every Forex and CFD broker also offers the customer access to the trading system via smartphone or tablet. The importance of mobile trading is constantly increasing because even private traders who only trade a little now and then want to be able to place an order and access the trading account at any time and from anywhere in the world in the best case.

What is special about the FXCM trading platform?

FXCM, as mentioned above, is one of the brokers that offers its clients multiple trading platforms to choose from. However, this is not uncommon, as the majority of Forex and CFD brokers do this in order to attract as many clients as possible. FXCM Brokers offer the following four trading platforms, two of which are the main platforms, and two of which offer additional trading opportunities.

FXCM offers its clients the following platforms:

  • FXCM Trading Station
  • mobile trading apps
  • MetaTrader 4
  • MirrorTradergleich
  • NinjaTrader

First of all, we would like to take a closer look at the Trading Station as a proprietary trading platform for brokers, which is now offered in three versions.

Trading with FXCM via mobile, desktop, and tablet

Broker FXCM is the first trading platform to offer its clients the Trading Station, a highly professional trading platform with outstanding analytical tools. The user-friendliness of the platform is high so that even beginners will generally find it easy to use.

In the meantime, the innovative trading platform Trading Station has received several awards and has been used on the market for over ten years. The broker FXCM writes on its website that the Trading Station combines lean design with innovative functionality. The Trading Station is a so-called multi-asset platform, which makes it possible to use practically all tradable products via the same platform. The Trading Station is offered by broker FXCM in three versions, namely as a desktop version, as a WebTrader, and as a Mobile Trading Station.

FXCM Trading Station
FXCM Trading Station

The following is a list of some of the functions and features offered by the FXCM Trading Station:

  • Trading currencies, indices, and commodities on one platform
  • Real-time prices are displayed
  • Numerous pre-set indicators help to save time
  • Always up-to-date e-mail notifications
  • Powerful charts with comprehensive chart package
  • Trading directly from the chart (one-click trading)
  • Automated strategies usable
  • Various alarms
  • Back-Testing

This and numerous other functions are mostly available on the desktop version as well as on the WebTrader and the mobile version of the Trading Station, which can be used via Trading Apps.

In addition to the respective real trading account, there is also the possibility to use a Trading Station demo account. Here the broker fills up this test account with 50,000 Dollars virtual credit. This allows the customer not only to familiarize himself with the trading platform but also to test strategies and get to know the market. In addition to the free demo account, there is also a free forex manual with a wealth of helpful information.

Trading with MetaTrader4 is possible

As mentioned above, FXCM Broker not only offers its clients a trading platform, but MetaTrader 4 offers another alternative.

Numerous clients will certainly access this trading platform because a great advantage of MetaTrader 4 is that it can be used across the board, and there are now numerous Forex and CFD brokers who make this alternative available. Especially professional traders and clients with experience are already familiar with MetaTrader, as it is the most renowned and, according to most experts, currently the best trading platform for Forex trading. FXCM is one of the brokers who have customized the MT4 platform to provide even more benefits to traders.

FXCM Metatrader4
FXCM Metatrader4

These features are available when trading with MetaTrader4:

  • Micro Lot Trading
  • Partial closing of positions possible
  • Set stop-loss order/profit order during a new trade
  • Use free Expert-Advisors as automatic trading systems
  • Creation and customization of Expert Advisors possible

The MetaTrader 4 trading platform is also available to customers as a MetaTrader 4 practice account with broker FXCM. 50,000 virtual credits are deposited into this test account so that the trader can get to know foreign exchange trading in peace and quiet.

NinjaTrader as an alternative to MT4

Especially for professional traders who want the best possible supply of all trading opportunities, the broker FXCM provides one additional trading platform, namely the NinjaTrader.

The NinjaTrader is also mainly about automated trading via the corresponding platform. Traders have the possibility to develop their own strategies. By means of the Markets Analysis, which is also a part of the NinjaTrader, every current price on the market can be followed in the best possible way via a real-time quote sheet.

FXCM Ninjatrader
FXCM Ninjatrader

Conclusion: Award-winning broker

The broker FXCM provides a wide range of trading platforms. First of all, the Trading Station is offered in three versions, namely as a desktop version, as a WebTrader, and as a mobile version via trading apps. The Trading Station has received several awards and has numerous functions that contain extensive information and tools that can be used to optimize trading.

Alternatively, the broker also offers the renowned trading platform MetaTrader 4. The MirrorTrader as well as the NinjaTrader complement the broker’s offer as trading platforms that are ideally suited for automated trading. These two platforms are especially suitable for professional traders.

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