February Issue
What's New in FXCM?
The Markets are Moving, Are You Trading?
Are you watching the financial markets? 2023’s start has been nothing short of spectacular. The US dollar was declining and stocks jumping. Then we had a surprisingly strong jobs report. It’s early in the year and we’re already seeing some great trading opportunities.
At the home office, we’re excited to announce a new funding method that might make things just a little more convenient for you in these volatile times.
We’re also thrilled about the ForexBrokers.com 2023 Annual Awards. We won five Best-in-Class categories! Much thanks to our powerful platforms and trading tools.
Enjoy this month’s newsletter. Remember: we’re always on the line ready for your questions. Happy trading!
Google Pay Now Available!
Ditch the plastic. Add your favourite eWallet to your account. With Google Pay, you can fund your trading account in seconds and get all the benefits of your credit card, with the ease of Google autofill.
Likewise, Indonesian clients can access Indonesian local bank transfers for quick and secure account funding.
Try it today. Log in to MyFXCM and select Google Pay as the payment method.
Note: Google Pay is not be available in all countries.
Top Market Events
Stocks have been accumulated as we begin 2023. Money is moving out of havens. Capital is being rotated. Market participants are betting on a Fed pivot later in the year, but this has been talked down by Fed officials. The market is not buying it. Both SPX500 and NAS100 charted a higher trough, followed by a higher peak, showing an uptrend. Caution is advised.
The market fear index, the VIX, suggests complacency; participants may bank gains. This may lead to corrective price action. Given the trending of markets, monitor support levels. These could prove interesting.
In the Spotlight
USDOLLAR
The USDOLLAR has jumped since the surprise jobs report. However, the broader trend is down making resistance levels significant.
GOLD
The precious metals is feeling the dollar’s influence. However, if the greenback’s bounce falters, gold is a likely beneficiary.
NAS100
Pullbacks will prove interesting given the index’s uptrend.
Bullish or Bearish, there are potential opportunities ahead.
Stellar Service Delivered
Take a look at the client service response times across the FXCM Group in the month of January.
Source: FXCM Service data, review period: January 2023.
1 minute and 27 seconds
Average time to answer your call.
2 seconds
Average wait time for live chat support.
Top Traded in January
See the top instruments by trading volume during January 2023 across the FXCM Group.
Top 5 across all markets
| SYMBOL | |
| 1 | USD/JPY Spot FX |
| 2 | EUR/USD Spot FX |
| 3 | XAU/USD Spot Gold |
| 4 | NAS100 E-Mini Nasdaq 100 Future |
| 5 | GBP/USD Spot FX |
Top 5 Stocks
| SYMBOL | |
| 1 | TSLA.us Tesla Motors Inc. |
| 2 | AAPL.us Apple |
| 3 | META.us Meta Platforms Inc. |
| 4 | AMZN.us Amazon.com |
| 5 | MC.fr Louis Vuitton |
FXCM Group Awards
BEST ZERO COMMISSION BROKER
2022
ADVFN
BROKER OF THE YEAR
2022
Ultimate Fintech Awards
BEST IN CLASS
2022
ForexBrokers.com
BEST FOREX TRADING PLATFORM
2021
Shares Awards