FXCM
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 50
- Payment systems
Features
- Seminars and training
- Daily market analysis
- Low minimum deposit
- Copy trading
- Islamic accounts
- Interest on account balance
- Segregated accounts
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- Strong reputation as an established broker
- One account covers the full range of markets
- UK-based and regulated by both the FCA and ASIC
Cons
- $40 fee charged on bank transfer withdrawals
- No 24/7 customer support
Updated:
Founded in 1999, FXCM (Forex Capital Markets) is headquartered in London and owned by Leucadia National Corporation since 2015. It is regulated by the UK's FCA and Australia's ASIC, with partial oversight from Germany's BaFin, Italy's CONSOB, and South Africa's FSCA. Traders get one account covering forex, indices, commodities, cryptocurrencies, and UK/Ireland spread betting, plus an Active Trader account for high-volume clients. The minimum deposit is $50 (£300 for UK and EU clients), with access to Trading Station, NinjaTrader, and MetaTrader 4.
FXCM is a UK-regulated forex and CFD broker offering a single multi-asset account, copy trading, Islamic accounts, and a $50 minimum deposit, backed by seminars, daily analysis, and an affiliate program.
FXCM (Forex Capital Markets) is a forex and CFD broker headquartered in London, regulated by the UK's Financial Conduct Authority (FCA) and Australia's ASIC. Founded in 1999, it offers a single multi-asset trading account with a $50 minimum deposit.
Ownership and regulation
FXCM has been owned by Leucadia National Corporation since January 2015. FXCM Ltd is authorized and regulated in the UK by the FCA, which requires capital adequacy, transparency, and segregated client funds. Group offices operate under local regulators elsewhere: ASIC in Australia, partial regulation by BaFin in Germany, CONSOB in Italy, and the FSCA in South Africa.
Leverage
New traders start at 1:50 leverage. Australian clients can access up to 1:200 on forex and 1:400 on CFDs under ASIC rules, and other international clients up to 1:400. Under ESMA rules, EU clients are capped at 1:30 on major forex pairs, 1:20 on minor pairs, gold, and major indices, 1:10 on other commodities, and 1:2 on cryptocurrencies.
Accounts and instruments
FXCM offers one standard account covering its full range of instruments, plus an Active Trader account for higher-volume clients. Tradable markets include major and exotic forex pairs, indices, commodities, cryptocurrencies, and spread betting for UK and Ireland residents.
Minimum deposit
The minimum deposit for a live account is $50, or £300 for UK and EU clients. A free demo account is available before switching to live trading.
Trading platforms
FXCM supports Trading Station and NinjaTrader on web, desktop, and mobile, plus MetaTrader 4 with Expert Advisor support, 0.01 minimum lot size, scalping, and a free VPS.
