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FXPCM Review 2021

FXPCM

FXPCM was founded in 2007 and its headquarters in Dubai, UAE. Since its inception, it has expanded worldwide and currently has representative offices in Canada, the United Kingdom, and Mauritius. FXPCM is a leading provider of online trading solutions and financial services in the Middle East. FXPCM provide a variety of tools for high speed, low latency trading. For those who like to trade traditionally over telephone, FXPCM have Order Desk team that works 24 hours. PCM International is continuously gaining new memberships in exchanges and entering agreements with some of the top financial institutions. Such agreements and connections, equip us to provide our valued traders with highly liquid financial instruments and a large number of the best Forex trading instruments.

Trading Accounts

Micro Account

  • Minimum lot size: 0.01 lot
  • Floating spread 1.6 pips
  • Maximum Leverage: 1: 500
  • No commission charged

Mini Account

  • Minimum lot size: 0.01 lot
  • Floating spread 0.9 pips
  • Maximum Leverage: 1: 200
  • No commission charged

Elite Account

  • Minimum lot size: 0.01 lot
  • Floating spread 0.6 pips
  • Maximum Leverage: 1: 100
  • Commission charged

Fixed Spread Account

  • Minimum lot size: 0.01 lot
  • Fixed spread 2, 3, or 4 pips
  • Maximum Leverage: 1: 200
  • No commission charged

Zero Spread Account

  • Minimum lot size: 0.01 lot
  • Floating spread 0.2 pips
  • Maximum Leverage: 1: 200
  • No commission charged

1000 Leverage Account

  • Minimum lot size: 0.01 lot
  • Floating spread 1.6 pips
  • Maximum Leverage: 1: 1000
  • No commission charged

ECN PRO Account

  • Minimum lot size: 0.01 lot
  • Floating spread 0.2 pips
  • Maximum Leverage: 1: 200
  • Commission charged

Digital Currencies Account

  • Minimum lot size: 0.01 lot
  • Market spread applies
  • Maximum Leverage: 1: 50
  • Commission charged

Deposits And Withdrawals

Deposit

  • Micro Account – minimum deposit of $ 100
  • Mini Account – minimum deposit of $ 2 000
  • Elite Account – minimum deposit of $ 10 000
  • Fixed Spread Account – minimum deposit of $ 100
  • Zero Spread Account – minimum deposit of $ 100
  • 1000Leverage Account – minimum deposit of $ 500
  • ECN PRO Account – minimum deposit of $ 100
  • Digital Currencies Account – minimum deposit of $ 100

Withdrawal

  • Bank Wire Transfer
  • Electronic transfer
  • MasterCard, Visa
  • Neteller, Skrill
  • PayPal
  • Ukash
  • Fasapay, UnionPay
  • Yandex

Leverage

FXPCM allows a maximum leverage ratio of 1: 1000. The amount of leverage is expressed as a ratio, for instance, 50:1, 200:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 200 000 USD/JPY, that leverage will equate to 200:1.

Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade.

Trading Platform

FXPCM offers a choice between three trading platforms, namely MetaTrader4, EOS, and Currenex.

MetaTrader4

MetaTrader4 is the most powerful and popular Forex trading platform ever created. The platform includes various execution technologies, unlimited charting quantity, a large number of Forex technical indicators, line studies, custom indicators and scripts, and much more.

One of the most important advantages of the MT4 through FXPCM lies in its security. The software has got some unique features that make it the best in the industry. The functions are easily accessible, and the procedures are easy to follow.

You do not need to be a skilled trader to use the software. Introducing Broker services is an added feature. It has both, the back-office functionality and the frontend terminal. It is available for desktop, Mac, Android, Tablet, iPhone, iPad, and web.

EOS Platform

EOS is the new DGCX technology platform and provides the ability to offer contracts in multiple currencies including UAE dirhams. In the future, the new platform will also allow DCCC, a fully owned clearing corporation of DGCX, to provide multi-currency settlement facilities. EOS is geared to the needs of high-frequency traders, who require ultra-low latency platforms to trade productively and probably.

The core trading and clearing applications are built on Cinnober’s TRADExpress and Real-Time Clearing platform, and Scila Surveillance System, which is a leading market surveillance system. EOS can be downloaded for 64-bit systems, 32-bit systems, or download a VPN Connection

Currenex

Currenex connects more than 70 global banks to a superior electronic trading network, making it one of the deepest liquidity pools in Forex. It offers Executable Streaming Prices (ESPβ„’), Request For Streams (RFS), Benchmark Trading, Algorithmic Trading, and complete Prime Brokerage functionality with fully integrated Straight Through Processing (STP). Currenex is a platform for those traders who prefer to make money with the currency exchange rates difference.

Contacts

International House 24 Holborn Viaduct
London EC1A 2BN, UK
Phone: + 44 20 3514 3351

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