FXCM - Africa Trading Contest - BrokersOfForex.com.
High net-worth investors could me more interested in brokers having a high minimum deposit. Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when.
FXCM South Africa (PTY) Ltd Is authorized by FSP (South Africa) registration no. 46534 For the globally presented offices, each of them as a branch of Forex Capital Markets Limited, follows country financial authority and licensed accordingly.
FXCM South Africa (PTY) LTD (“FXCM ZA”) represents the FXCM brand in that country.. The minimum required deposit is GBP 300 for most instruments for UK users and USD 50 for the South African and Australian markets. The spreads are variable and they are different for spread betting, Forex, and CFDs.
Pepperstone vs. FXCM: Deposit And Withdrawals The head to head comparison shows that Pepperstone offers more options for account funding and withdrawals (9 payment options vs. 6 payment options). By comparison, while FXCM offers the standard methods of money transfers (debit and credit cards, bank wire transfers, and electronic wallets), FXCM provides access to 6 different types of payment.
FXCM is a market-making broker with a long history in the market, having been founded in 1999 in New York. The venerable broker now has headquarters in London, UK and is regulated by the country’s Financial Conduct Authority (FCA), as well as many other strict regulatory authorities around the world including in Australia (ASIC), South Africa, and several EU countries.
Let’s do the FXCM review together. FXCM Regulation The FXCM is regulated by 4 different watchdogs. Two of them, FCA and ASIC, are highly reputable and reliable regulatlors in all over the world. The other two are FBS for FXCM South Africa and ISA for FXCM Israel. Both FCA and ASIC are reliable and well controlled regulators.
FXCM South Africa (PTY) LTD is an operating subsidiary within the FXCM group of companies (collectively, the “FXCM Group”). FXCM South Africa (PTY) LTD is an authorized Financial Services Provider and is regulated by the Financial Sector Conduct Authority under FSP No 46534.