This 30-Day Demo Account will enable you to test and evaluate your trading strategies under real market conditions. FXCM Practice Account provides unlimited live quotes and real-time charts. Furthermore, learn about the key features of the platform such as: dealing rates, market orders, tailing stops, margin watcher, 24-hour reporting, hedging, live streaming news, etc. Download your trading software now.
Download your free software now as well as instantly learning
the key features of our Forex Trading Platform!
Free Software: http://www.fxcm.com/software-download.jsp A representative from FXCM will be in contact with you shortly to assist you with the setup process. Good Luck!
Key Features
Dealing Rates The dealing rates window reflects streaming real-time prices that update automatically with the slightest market movement. All rates are "dealable" prices where traders can buy or sell the currency pair, not an indication of where the market is trading.
ƒ Real time streaming prices ƒ 24 of the most active currency pairs In an over-the-counter market like foreign exchange, not all participants have equal access to competitive pricing. The larger and more creditworthy an institution, the better its access to other market participants and the more competitive it's pricing. The size of the FXCM Group gives us access to interbank prices that are not available to other market makers and makes the execution of your trades second to none.
1 Market Orders Placing a market order is quick and efficient. Simply click on the price where you would like to buy/sell the currency pair. This will bring up a market order box and once you click on OK the order will be filled at the exact price you specified. *
ƒ Instantaneous order execution ƒ Immediate trade confirmation* ƒ Real-Time P/L tracking Trade confirmations are immediate. In the "open positions window" you will find all the information you need regarding your open trade including the open price and real-time profit/loss on the position in both pips and dollar terms.
*Order execution and trade confirmations are immediate under normal market conditions. All quotes and trades are subject to the terms and conditions of the Client Agreement accessible through this website.
2 Trailing Stops Stop and limit orders can be placed on open orders by simply clicking on the stop/limit column on the open ticket. These orders can be modified or cancelled at any time. Traders also have the option of setting a trailing stop-loss order that will electronically adjust itself as the market rate moves in the direction of your open position. The trailing stop feature allows traders to lock in profits without having to monitor the market.
ƒ Precise execution of stop/limit orders ƒ Trailing Stops feature All stop-loss, limit and entry orders are guaranteed against slippage except in extraordinarily volatile market conditions. All quotes and trades are subject to the terms and conditions of the Client Agreement accessible through this website.
Margin Watcher All account information is updated on a tick-by-tick basis giving traders a complete view of their account activity. The most lenient margin requirement is .5% on both standard and mini accounts. Traders have the ability to select the degree of leverage they wish to use. Margin requirements are fixed for both intraday trading and for positions held overnight.
ƒ Real-time margin tracker ƒ Multiple leverage options* ƒ No debit balance ever!
3 Based on each trader's margin requirement, the FX Trading Station will calculate in real time both the funds needed to maintain current positions (Used Margin) and the funds available for available for taking new positions (Usable margin). If the equity in the account drops below the margin required to maintain the open positions, a margin call will occur and some or all open positions will be closed by the dealing desk at the market price. This provides protection against accounts falling below the account equity, particularly in volatile or fast moving markets. *Leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
24 Hour Reporting Clients can generate detailed account statements on demand from the FX Trading Station. The reports can contain up-to-second account information or be customized to reflect activity between any two given dates. These reports are comprehensive, including the details for each specific trade. In order to receive a hard copy record, the client simply clicks on the print function.
ƒ 24-hour access ƒ Detailed information on every trade ƒ Select time parameters ƒ HTML and printer friendly
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