The experience of trying FXCM the first time could be described as being too easy. The interface is not very intrusive, which is a godsend when compared to other platforms which bombard you with fifty indicators. Nevertheless, simplicity is deceitful. A broker can only be truly comprehended after a couple of trades, particularly when the market turns jumpy. Finding more about the author at this page!
To the Malaysian traders, it is an experience that is heavily based on execution. This is the area where FXCM is more likely to shine. In normal circumstances, orders flow relatively smoothly. At the shaky times, it still slips a bit–no broker can get away without it–but there is no sense of the place being shaky. That slight distinction is better than glitzy capabilities.
Another aspect of the tale is platform choice. MetaTrader 4 is an option, although many users are inclined to the Trading Station of FXCM. It is somewhat different. Initially it is new, as it is with changing Android to iOS. It begins to make sense after awhile. The charting tools are solid and execution buttons are where you would expect.
One aspect that I was able to notice was the way pricing works when the sessions are quieter. It does not seem chaotic trading such pairs as EUR/USD or AUD/USD. Spreads are fairly consistent, so you are not attached to the screen all day. It is such a minor thing, but it alters the way you strategize trades.
There is regulation in the perception of people of this broker. FXCM has entities that are controlled by agencies such as the Financial Conduct Authority. That does not instantly eliminate risk, but it provides a little structure. That is sought by traders in Malaysia, particularly after reading about less trustworthy sites.
The deposits and withdrawals are relatively normal. Nothing fancy, yet nothing frightening, either. The transactions do not drag in ways that are not necessary and this is what most traders are concerned about. You will know why this is important, should you ever have had to wait too long before being able to draw money out of some other broker.
It also has an apparent attention to educational tools. Plots, sales forecasts, even certain in-built intelligence. Good, though you have to really take the time to use them. This is the area that many novices overlook and proceed directly to trade and when things fail, they fault the broker. Occurs more frequently than individuals would like it to.
Naturally, there are leverage options. Not too high to be approached by beginners, and that can be perilous unless you take care of the sizes of positions. It is not unique to FXCM, it is how forex operates. Nevertheless, the platform allows you to change the size of the trade with ease and this will ensure that things are within check in case you are attentive.
In day to day trading, it is a stable experience and not an exciting one. That could be considered a boring thing to hear, but boring is good here. Your broker should not give you unpleasant surprises. You desire uniformity, though it may be dull.