Leading US brokerage FXCM Inc. (NYSE:FXCM) now makes a buffer between margin warnings and trade liquidation available to its retail traders, as the broker has just introduced a suite of new improvements exclusively launched for its flagship Trading Station platform.
As part of the launch, clients will also have access to a more user-friendly symbol list which allows them to quickly find tradeable instruments.
New updates include:
- New ‘Smart Margin’ Watcher
Smart margin is designed to alert traders when their account equity falls below margin requirements, which gives trader an opportunity to better gauge his strategies and adjust to market conditions accordingly.
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- New ‘Weekend Simulation’
The new simulator allows traders to enter and exit trades like they would in a real market even when trading is closed on weekends. You can use the simulator to test how well you would have fared under particular historic market conditions, all during open or closed market hours.
- Intelligent Symbol List Window
Finding an instrument to trade is now much easier with the new symbol list, either through scrolling down the list of tradeable instruments, or by typing the instrument name into the search bar.
Last time Finance Magnates reported about Trading Station upgrades was in February, when FXCM made live FX volume figures available to retail traders for free through a directional real volume indicator.
Unlike exchange-traded products, forex is a global OTC market, which means that there is no single place to obtain consolidated volumes data. However, figures released by a global brokerage firm like FXCM, which reported last month that its clients’ total volume is worth more than $320 billion, could act as a proxy for the whole industry.