FXCM is considered a low-risk and can be summarised as trustworthy and reliable. Trading with FXCM involves fees from $50 USD / R750 ZAR, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. With a minimum deposit fee of $50 USD / R750 ZAR.
| 🔎 Account | 🥇 Standard | 🥈 Active Trader |
| 💰 Min Deposit | $50 USD / R750 ZAR | - |
| 💵 Account Equity | - | $25'000 / R370'000 ZAR |
| 📈 Leverage | 1:30 | 1:30 |
| 🔁 Spreads from | 1.3 | 0.2 |
| 💳 Commission | Yes | Yes |
| ✅ Swap / Rollover Fee | 📌 No | 📌 No |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
Min Deposit USD 50 Regulators FCA Trading Platform MT4, NinjaTrader, Trading Station Crypto Yes Total Pairs 42 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FXCM Fees, Spreads, and Commission – 7 Key Point Quick Overview
- ☑️FXCM Overview
- ☑️ FXCM Safety and Security
- ☑️ FXCM Deposit and Withdrawal
- FXCM Customer Reviews
- FXCM Pros and Cons
- Conclusion
- Frequently Asked Questions
FXCM Overview
FXCM is a UK-based broker that offers CFD trading on shares, stock indices, forex, commodities, and cryptos to a global market. FXCM has offices in a wide variety of global locations, including Berlin and Sydney with more than 130’000 customer accounts registered worldwide.
FXCM Safety and Security
FXCM is regulated by the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority of South Africa (FSCA), and the Cyprus Securities and Exchange Commission (CySEC). Furthermore, FXCM provides negative balance protection for retail clients under selected regulated entities.
FXCM Deposit and Withdrawal
FXCM clients will have access to the client service portal through their live trading account credentials. FXCM offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller. In regards to withdrawals, withdrawal requests are submitted online. A withdrawal request can be submitted online by selecting your withdrawal method and clicking “Submit”.
FXCM Customer Reviews
Great Experience.
Excellent attention from the Customer Support Team. I really appreciate it. The platform is fast, and easy to use and everyone that I could talk to was very nice and professional. Thank you so much! – Fred
Very Good Service.
Very good service! Very fast, practical, and effective. – Rafael
Highly Recommend!
I am giving FXCM ten stars for customer service. Everything has been consistent and professional. – Keith
FXCM Pros and Cons
| ✅ Pros | ❌ Cons |
| Easy Account Setup | Limited Product Portfolio |
| Good Technical Tools | High Withdrawal Fees |
Min Deposit USD 50 Regulators FCA Trading Platform MT4, NinjaTrader, Trading Station Crypto Yes Total Pairs 42 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Conclusion
FXCM is considered a low-risk and can be summarised as trustworthy and reliable. Trading with FXCM involves fees from $50 USD / R750 ZAR, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected.
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Frequently Asked Questions
How do FXCM fees compare to similar brokers?
FXCM fees are compared as Low when compared to same-tier brokers.
Does FXCM charge overnight fees?
Yes, a Financing rate or overnight rate is charged when a trader holds a leveraged position for more than one day.
Does spread betting cost apply to FXCM?
FXCM accounts offer spreads plus mark-up pricing. Spreads are variable and traders can trade up to 400:1 leverage on FX and 200:1 leverage on CFDs.
What type of spreads applies to FXCM?
FXCM spreads are variable and are subject to delay.
What is the cost of trading with FXCM?
Trading with FXCM involves fees from $50 USD / R750 ZAR.
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