Does FXCM have good education materials?
If you're new to the world of investing, FXCM could be a great companion for learning, as it offers generally good education materials.
FXCM also offers a demo account, allowing you to try your hand at trading without risking actual money.
I've thoroughly tested FXCM services with our analyst team by opening a real-money account and these are my most important findings:
- FXCM offers great educational tools, making it ideal for beginner investors
- FXCM offers a demo account, so you can try the platform using virtual money
- Before diving into real-money investing or trading, it is crucial to educate yourself or even gain experience through demo accounts to understand the intricacies of financial markets
Read on to find out exactly how FXCM can help you learn about investing in general, and about its trading platform in particular. But if you also want to check other brokers with low fees, easy-to-use platforms and great educational tools, browse our list of the best brokers for beginners.
General educational videos
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Yes |
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Platform tutorial videos
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Yes |
Demo account
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Yes |
Quality educational texts
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Yes |
Data updated on December 14, 2024
Here's a snapshot of some educational tools available at FXCM:
To find out more about how brokers can aid your independent stock research, read our overview of the most common brokerage research tools.
73% of retail CFD accounts lose money
Educational videos and texts at FXCM
Are you a first-time investor? Congratulations! But before you commit your hard-earned money, you'll need to learn some basics about what stocks or ETFs are and how financial markets work in general; so you don't end up losing money. There's a lot of material on the internet, but if you need some reliable and easy-to-digest information, your broker is often the best source, in the form of general educational texts and videos.
We checked more than 100 online brokers to see if they provide such texts or videos and whether their quality is up to standard. If you haven't yet found a broker that can satisfy your hunger for financial knowledge, check out what FXCM has to offer:
General educational videos
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Yes |
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Quality educational texts
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Yes |
Platform tutorials at FXCM
So now you've figured out what assets you should buy, but where exactly is the 'Buy' button? Trading platforms can look a bit overwhelming at first, so it helps if your broker has some tutorial videos or infographics about the basic features of the platform - such as search, buy/sell orders or funding transactions. See below whether FXCM has such tutorials.
Platform tutorial videos
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Yes |
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Demo account at FXCM
You've seen the platform tutorials, now you're ready to invest. Or are you? A common fear among those new to investing or to a specific broker platform is that maybe they'll push the wrong button and end up losing money. If you want to practice your platform's features, or simply get a feel for trading using virtual money, a demo account is the best place to do it. Unfortunately, not all stockbrokers offer demo accounts, so see if it's available at FXCM.
Demo account
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Yes |
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Webinars at FXCM
Once you've mastered the basics of stock investing, you may find you want to expand your knowledge even more. In addition to texts or videos, an exciting way to learn is to take part in webinars organized by your broker. Here, you can hear firsthand from expert analysts at your broker about the latest market trends or investing tips - you may even pose a question! Check below if webinars are usually available at FXCM.
Webinars
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Yes |
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73% of retail CFD accounts lose money
Best brokers for long-term investment
Are you in the stock market for the long term? Check out our list of the top brokers for buy-and-hold investors.
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.