FXCM Review
Updated regularly · Independent ratings
Overall Rating
4.3 / 5
Fees
4.6 / 5
Safety
4.6 / 5
Platforms
4.5 / 5
Education
4.6 / 5
Min. deposit
$50
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
FXCM — At a Glance
Full broker data from our database
| Minimum deposit | $50 |
| Broker type | STP, Market Maker |
| Spread type | Variable |
| Spreads from | 0.8 |
| Commission | No Commission |
| Maximum leverage | 1:1000 |
| Minimum lot size | 0.01 |
| Maximum lot size | 500 |
| Decimal pricing | 5 decimals |
| Trading platforms | Web, Mobile, Desktop, Trading Station, TradingView, MetaTrader 4 (MT4), Capitalise AI |
| API access | Yes |
| VPS | Yes |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | Yes |
| Managed account | No |
| PAMM / MAM account | No |
| Joint account | Yes |
| Copy trading | No |
| Social trading | No |
| Account currencies | USD, GBP, EUR |
| One-click trading | Yes |
| OCO orders | Yes |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | Yes |
| Interest on margin | Yes |
| Bonuses | Yes |
| Contests | No |
| Regulators | FCA (United Kingdom), CySEC (Cyprus, Europe), ASIC (Australia), FSCA (South Africa) |
| Headquarters | 125 Old Broad Street, 9th Floor, London EC2N 1AR, United Kingdom |
| International offices | United Kingdom, Cyprus, Germany, Australia, Canada, Isreal, South Africa |
| Assets offered | Forex, CFDs, Spread Betting |
| Payment methods | Bank Transfer, Credit Card, Debit Card, Paypal, Apple Pay, Google Pay, Skrill, Neteller, Rapid Transfer, China Online Payment, Cryptocurrency |
| Languages | English, French, Chinese, Dutch, Italian, Spanish, Greek, Indonesian, Malay |
| Customer support | Live Chat, Email, Phone, SMS, WhatsApp |
| Contact email | info@fxcmmarkets.com |
| Minimum deposit | $50 | Social trading | No |
| Broker type | STP, Market Maker | Account currencies | USD, GBP, EUR |
| Spread type | Variable | One-click trading | Yes |
| Spreads from | 0.8 | OCO orders | Yes |
| Commission | No Commission | Trailing stop loss | Yes |
| Maximum leverage | 1:1000 | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | Yes |
| Maximum lot size | 500 | Interest on margin | Yes |
| Decimal pricing | 5 decimals | Bonuses | Yes |
| Trading platforms | Web, Mobile, Desktop, Trading Station, TradingView, MetaTrader 4 (MT4), Capitalise AI | Contests | No |
| API access | Yes | Regulators | FCA (United Kingdom), CySEC (Cyprus, Europe), ASIC (Australia), FSCA (South Africa) |
| VPS | Yes | Headquarters | 125 Old Broad Street, 9th Floor, London EC2N 1AR, United Kingdom |
| Demo account | Yes | International offices | United Kingdom, Cyprus, Germany, Australia, Canada, Isreal, South Africa |
| Segregated account | Yes | Assets offered | Forex, CFDs, Spread Betting |
| Swap-free account | Yes | Payment methods | Bank Transfer, Credit Card, Debit Card, Paypal, Apple Pay, Google Pay, Skrill, Neteller, Rapid Transfer, China Online Payment, Cryptocurrency |
| Managed account | No | Languages | English, French, Chinese, Dutch, Italian, Spanish, Greek, Indonesian, Malay |
| PAMM / MAM account | No | Customer support | Live Chat, Email, Phone, SMS, WhatsApp |
| Joint account | Yes | Contact email | info@fxcmmarkets.com |
| Copy trading | No |
Pros & Cons
Pros
- +Strong global regulatory framework
- +Parent company is publicly listed on the stock exchange
- +Fast and easy account opening
- +Demo account for practise trading
- +Multiple fast and secure payment methods
- +Low minimum deposit
- +Negative balance protection
- +Low forex trading fee
- +Low CFD trading fee
- +No deposit and withdrawal fee
- +User-friendly web, mobile and desktop platform
- +Supports, TradingView, MT4, and Capitalise AI
- +Quality educational resources
Cons
- −Limited product offering
- −No integrated social, copy, and PAMM trading feature