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FXCM Micro Accounts

FXCM Micro Account Trading Review

FXCM introduced micro lot trading in 2008 and rebraded their popular “King of the Mini” trading contest into the “King of the Micro” shortly after the introduction of this new account type.  Micro lots at FXCM come standard with higher leverage (400:1) but lack many of the customer service features that make them standout from much of the competition

Pros of Trading Forex Microlots with FXCM

Spreads are potentially tighter on forex microlots than on FXCM’s standard or mini accounts. They have a database of frequently asked questions that is very thorough. The standard leverage for trading micro lots at FXCM is 400:1. Microlots do allow for hedging. They are regulated by the CFTC and FSA.

Cons of Trading Micro lots with FXCM

FXCM prides itself on unparalleled customer service, but falls short for its microlot clientele. There is no phone or chat support for microlot clients. Clients are also not permitted to trade microlots by phone. Corporate and joint accounts can no be opened for trading micro lots as they are only available for self trading individuals. 

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