eFXplus Access FXCM

Once authenticated, I had access to FXCM’s entire suite of APIs, including order management, market information, and account data. In December 2010, FXCM completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, FXCM. Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.242526 In its IPO prospectus, FXCM described its no dealing desk trade execution. We are dedicated to delivering an unparalleled trading experience, emphasizing top-notch pricing, utmost transparency, and seamless execution services. When it comes to providing access to the forex and CFD markets, FXCM is one of the tops brokers. Our award-winning service package is here to help you reach your trading goals, whether you’re a seasoned pro or just starting out.

Market news

• Through our dedicated global 24/5 customer support and individual client feedback, we aim to ensure that we are constantly building a better brokerage for our traders.
• Stop-loss orders are set to limit potential losses by automatically closing a trade if the price moves against the trader.
• Margin requirements can periodically change to account for changes in market volatility and current exchange rates.
• This allowed me to focus on higher-level tasks, such as market analysis and strategy development, freeing up time to explore new trading opportunities and scale my trading operations.
• To get started with FXCM REST API, you need to obtain an authentication token.

For example, the margin requirement (MMR) for a specific currency pair is calculated as a percentage of the notional value of such pair. As the exchange rates for any specific currency pair fluctuate up or down, the margin requirement for that pair must be adjusted. As an example, if the Euro strengthens against the US dollar, more margin will be required to hold a EUR/USD position in a US dollar denominated account.

Our people are agile and thrive in an environment of fast changing industry trends and business conditions to meet the demands of our customers. Past experiences and newly acquired skills provide the confidence for our people to forge ahead. However, FXCM does not exhibit control over the entire funding process and may rely on third parties to facilitate verification and transfer of funds depending on the deposit origin.

• Up-to-date margin requirements can also be found in the Simple Dealing Rates window of the Trading Station.
• This dominance in trading is due to their ability to attract a significant number of buyers and sellers, resulting in the narrowest spreads typically being observed.
• FXCM PLUS has everything you need to optimize your performance in the ultra-competitive forex market, including proprietary analytics.
• With my API token in hand, I ensured that I kept my token safe by storing it securely and never sharing it with anyone.
• We value a meritocracy where the most capable people and ideas have an opportunity to succeed.

Why Trade With FXCM?

With FXCM REST API, developers can create trading applications, automate trading strategies, and even build their own trading platforms. Stop-loss orders are set to limit potential losses by automatically closing a trade if the price moves against the trader. Take-profit orders automatically close a trade when a certain profit level is reached. The formula to calculate profit is (Closing Price – Opening Price) × Pip Value fxcm × Number of Lots.

FXCM Market News

This dominance in trading is due to their ability to attract a significant number of buyers and sellers, resulting in the narrowest spreads typically being observed. To get started with FXCM REST API, you need to obtain an authentication token. This token is used to authenticate your API requests and ensure that only authorized applications can access your trading account. The real-time Economic Calendar covers financial events and indicators from all over the world. Be in sync with the markets with live economic data and notice of macroeconomic events that have an impact on the global markets. FXCM Hub offers a one-stop app to access the global markets, manage your account and check the latest notices, promotions, economic calendar and market news.

Q: What happens if my authentication token is compromised?

All of this functionality is available in a single app, along with easy access to our outstanding multilingual customer services. Utilizing your trading platform frequently is the optimal method of profit management. Software packages such as Trading Station, Metatrader 4, ZuluTrade, and NinjaTrader are some examples of applications that compute profits and losses on a pip-by-pip basis. Your account balance is routinely updated in response to market fluctuations via the functionality of your platform. Profit, regardless of whether it involves active trading or not, is the difference between gains and losses minus operating expenses. The benefit of forex trading is that calculating profit is simple, as expenses are minimal and gains and losses are straightforward to account for.

FXCM is capable of providing a suitable solution to improve your trading experience in the forex market, regardless of your available resources and trade-related goals. Beyond these advantages, all live account holders gain access to real-time actionable data, impact and volatility analysis tools, and interactive charting. These features empower traders to track market trends, anticipate shifts, and make informed decisions based on economic events. FXCM PLUS has everything you need to optimize your performance in the ultra-competitive forex market, including proprietary analytics. Margin requirements can periodically change to account for changes in market volatility and current exchange rates.

Trade on Trading Station

This is not a fee or a transaction cost, it is simply portion of your account equity set aside and allocated as a margin deposit. The amount of margin that you are required to put up for each currency pair varies by your leverage profile, Learn more. FXCM REST API a set of APIs provided by FXCM, which allows developers to access FXCM’s trading platform.

This allowed me to access real-time market prices, quotes, and charts, giving me a competitive edge in identifying trading opportunities. I used this data to implement advanced technical indicators, monitor market trends, and make informed trading decisions. The forex market primarily sees the highest liquidity and trading activity in the majors and commodity pairs. These currency pairs, along with their combinations (such as EUR/JPY, GBP/JPY, and EUR/GBP), constitute the majority of all forex trading.

Shares, Forex, Bitcoin and More

Traders predict whether a currency will strengthen or weaken relative to another currency. The prevailing consensus in the field of finance posits that substantial financial resources are required in order to engage in market activities. One of the advantages of engaging in forex trading is that it does not require individuals to possess substantial wealth in order to participate. Access to technology that aids in the implementation of indicators such as Pivot Points is one of the greatest advantages of trading forex in the modern era. Pivot points are the technical instrument of choice for traders who wish to construct unique support and resistance levels for market entry and exit.

The forex doesn’t limit your trading choices or your ability to make money. You can obtain an authentication token by creating an API account, and following the instructions provided. The token will be generated and displayed on the API account dashboard. Implement token renewal mechanisms to ensure your application can request a new token before the existing one expires.

I could place, amend, and cancel orders directly through the API, ensuring that my trading strategies were executed accurately and promptly. This feature allowed me to implement complex orders, such as trailing stops and bracket orders, further optimizing my trading performance. A secure token storage mechanism, such as a secure token vault or a hashicorp’s Vault, to store your authentication token. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. FXCM is an independent legal entity and is not affiliated with MetaQuotes®.