Markets continuously shift in this fast-paced world of online trading, with new emerging possibilities every minute. This puts traders and investors in a junction deciding which brokerage platform best suits their financial goals and trading styles.
Most of them lay down their trust in the published evaluations of trading experts. Thus, financial specialists from Traders Union (TU) conducted a thorough analysis of 350 brokerage firms, and two well-known entities, FusionMarkets and FXCM, emerged in the spotlight.
These experts aim to provide traders with various insights into the brokers’ offerings, advantages, and disadvantages using the TU Methodology, which is based on the evaluation of more than 100 different parameters.
Based on the FXCM reviews, the broker passed the evaluation of most influential parameters such as user satisfaction, regulations and safety, commissions and fees, trading instruments, brand popularity, customer support, and education, with scores of 5.33, 9.40, 7.86, 7.67, 6.60, 5.38, and 5.22, respectively. Hence, it received an overall rating of 5.70 out of 10, ranking 73rd among its peers.
Established in 1999, this British brokerage platform caters primarily to self-directed active traders who employ traditional trading strategies.
It offers a minimum deposit of $50 and provides a wide range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies. Yet, crypto is only offered outside the United Kingdom.
FXCM is also regulated by reliable authorities, such as the Financial Conduct Authority (FCA),
Australian Securities and Investment Commissions (ASIC), Cyprus Securities and Exchange Commissions (CySEC), and South Africa’s Financial Sector Conduct Authority (FSCA).
In terms of customer service, the company provides technical and operational support 24/5 in the form of telephone support and emails. Besides, there is also a FAQs section on its website intended for customers seeking immediate help.
Furthermore, its clients can choose among its four trading platforms: MetaTrader 4, MetaTrader Web, ZuluTrade, and Trading Station Web. Also, it provides mobile trading and open deals worldwide.
Traders Union’s FusionMarkets review shows that it is a moderate-risk broker. It garnered a TU Overall Score of 6.42 out of 10 and ranked 55th among 350 entities featured in the ranking.
Its advantages include a low minimum deposit requirement of just $1, a choice of trading platforms including MetaTrader 4 and MetaTrader 5 for both desktop and mobile devices, as well as a web terminal, support for passive investing through copying services, low trading fees with no deposit fees, availability of multiple communication channels for support, and a swift registration process combined with a user-friendly trader’s office interface.
The platform maintains direct affiliations with Gleneagle Securities, a financial services company overseeing assets exceeding $273 million.
Leveraging Gleneagle Securities’ partnerships with liquidity providers, FusionMarkets extends to its clients the opportunity to trade with minimal spreads and commissions.
Therefore, the broker’s clientele can engage in trading activities encompassing currency pairs, as well as CFDs involving stocks, indices, metals, cryptocurrencies, and energy products.
Analysts have observed that the broker does not offer bonuses when clients replenish their accounts. Traders who open accounts are required to utilize their personal funds entirely for trading purposes.
However, there is an alternative option in the form of a “Bring a Friend” bonus, as per the company’s regulations. Clients can receive either an account bonus or commission-related benefits for successfully referring active traders to the platform.
Disclaimer: The content of this partner post is provided by Traders Union. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
