information about fxcm uk and fxcm Market

Broker review
B
Balut
12 Jul 2018, 12:20 1,485 Views
I want to ask, sir. There is information that fxcm has two types, fxcm uk and fxcm Market, and now there is an IB in Indonesia, which is forexbrokerpro. According to the master, is fxcm Market a scam or is fxcm markets an NDD and not regulated by the FCA UK?
Thank you.

1 Answer

R
rachmat 12 Jul 2018, 16:54

To Balut,

Forexbrokerpro is an IB of FXCM. You can register through that IB or even directly to FXCM.com as it is the same thing. IB itself is just an abbreviation for the main Broker.

If there are problems from the main broker, then the IB is not responsible,
because the IB does not handle administration such as account verification, deposit / withdraw. The IB will only receive commissions from the entry of customers, or from open positions made by customers.
Therefore, make sure you deposit into an account in the name of FXCM,
not to the IB or in the name of an individual.

If the IB receives deposit / withdrawal services, it is better to avoid it.
However, brokers regulated by the FCA UK will reject / not accept / not allow deposit and withdrawal services through individuals / third parties.

forexbrokerpro is only an IB / individual marketing and is not officially recorded by FXCM ( unless its position is as a white label ). Even if you register through an IB, you are still a customer of FXCM, and the type is an NDD broker and regulated by the FCA UK.

Thank you.

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