FXCM

1. Broker Overview

FXCM (Forex Capital Markets) was founded in 1999 in New York, USA, and is now headquartered in London, UK. The broker also maintains offices in key financial hubs such as Australia, South Africa, and Cyprus. FXCM is part of Jefferies Financial Group, a publicly traded company, giving it strong financial stability and investment banking expertise.

The broker mainly serves retail traders and institutional investors, providing access to forex, commodities, indices, and cryptocurrencies. Over more than 20 years, FXCM has established itself as one of the pioneers of online forex trading. However, due to regulatory issues, FXCM left the U.S. market in 2017.

Its business revolves around retail forex services and institutional trading solutions, backed by advanced technology, transparency, and reliable customer service.

2. Regulation and Compliance

FXCM is licensed and supervised by multiple well-known regulators, ensuring trust and safety for its clients. Key licenses include:

• FCA (UK) – Reg. No. 217689

• ASIC (Australia) – Reg. No. 309763

• CySEC (Cyprus) – Reg. No. 392/20

• FSCA (South Africa) – Reg. No. 46534

The broker upholds strict client fund segregation, meaning customer money is held separately from company funds. FXCM also participates in investor protection programs and complies with KYC and AML standards to prevent fraud and ensure service integrity.

3. Products and Services

FXCM offers:

• Forex trading with 39 currency pairs (majors, minors, and exotics)

• CFDs on indices, commodities, and cryptocurrencies

• Special baskets and indices to diversify portfolios

• Retail trading with competitive spreads

• Institutional services with tailored liquidity solutions

The broker regularly updates its product offerings based on market trends and client needs.

4. Trading Platforms and Technology

FXCM supports multiple platforms, including:

• MetaTrader 4 (MT4) – reliable and EA-friendly

• FXCM Trading Station (desktop, web, mobile) with advanced charts and tools

• Mobile apps for iOS and Android

• API trading for algorithmic strategies

Execution uses a hybrid model (Market Maker + No Dealing Desk), enabling fast execution and competitive prices.

5. Account Types and Conditions

• Standard Account – Minimum $50, spreads from 1.3 pips

• Active Trader Account – Minimum $25,000, spreads from 0.2 pips with lower commissions

• Islamic Account – Swap-free option for Sharia-compliant traders

• Demo Account – Practice with virtual funds

Leverage depends on region: up to 1:30 in the UK/EU, and up to 1:400 elsewhere. Minimum trade size is 0.01 lots.

6. Deposits and Withdrawals

• Deposits: bank wire, credit/debit card, Skrill, Neteller (min. $50)

• Withdrawals: via same methods, $40 fee for bank wires

• Processing time: deposits 1–2 days, withdrawals 3–5 days

FXCM is transparent about transaction fees.

7. Customer Support & Education

• Support channels: phone, email, live chat (24/5)

• Languages: English, Spanish, German, French, and more

• Education: webinars, tutorials, trading guides, and market analysis

• Trading tools: calculators, calendars, and trading signals

FXCM operates globally, with offices in key financial centers. However, it does not accept clients from the U.S., Canada, Japan, and certain restricted regions. Services such as crypto trading may also be limited depending on location.