They say all good things come in small packages and when it comes to currency trading at Forex Micro that’s certainly the case. In defiance to its diminutive title, Forex Micro has grown to become an online FX broker that offers big opportunities for recreational traders.
In a bid to capitalise on the increasing popularity of the online Forex market, FXCM has created a portal where novice investors can trade in 1,000 lots with a minimum account balance of just $50. This strategy has become so successful in recent years the FXCM has adopted the same conditions for their standard account resulting in year-on-year growth.
Indeed, because FXCM is listed on the New York Stock Exchange users are given access to the company’s financial data which reveals a total revenue turnover of $417 million in 2012.
ForexMicrolot.com’s Special FX:
Forex Micro offers a three-pronged FX trading package that’s designed to help traders improve both their skills and their bankroll. Taming the currency exchange world can be tough, but thanks to professional charting, automated signals and a comprehensive training course, the task is markedly easier at FXCM than it is elsewhere.
Professional Charting: Having the ability to map out and track the movements of the currency exchange market is important for traders of all abilities and which is why Forex Micro offers a range of charts. Downloadable and accessible through a trader’s desktop, FXCM’s custom charts have more than 50 technical indicators and provide access to both live and historical data. Beyond this users can utilise third party charting tools such as NetDania, FX Trek and Strategem to help bolster their overall trading strategy.
Automated Signals: Developed through its dedicated research branch, DailyFX, Forex Micro has a range of exclusive automated signals that make it easier to manage your risk and investments. Free for all FXCM members, the signals provide stops and limits as well as expert market commentary to complement the automated trades on offer.
Education: Thanks to the DailyFX Plus Trading Course, FXCM traders can learn everything from the usage of Bollinger Bands to basic strategies such as the Carry Trade.
Forex Micro offers three trading platforms which cater to the needs of traders from all areas of the market.
For novice and intermediate traders the MetaTrader 4 platform provides direct access to the FX market without the need for a dealing desk. Because FXCM has integrated their software with MT4, traders get seamless access to the market without the interference of a third part bridge.
Experienced traders can access a more advanced platform courtesy of Trading Station. This software contains all the provisions provided by MT4 but offers a more generous selection of indicators. From pre-made tools such as Golden MACD, Candle Patterns and VoltyChannel_Stop to custom indicators, users can improve their ROI through a number of resources.
FXCM’s final account option is automated trading. Using either Mirror Trade, NinjaTrader or ZuluTrade, users can copy the investments of professional traders and play the FX market with just a small amount of knowledge and experience.
FXCM offers some of the lowest spreads in the industry on more than 50 currency pairs. Indeed, spreads can range from just 1.5 pips on non-dealing desk accounts and margins on major currency pairs are set at 0% with a leverage of 200:1.