Overall, FXCM is considered a low-risk and can be summarised as trustworthy and reliable. In terms of trading conditions, FXCM offers a user-friendly trading environment with low spreads and high leverage. FXCM has an overall average trust score of 92 out of 99.
| 🔎 Broker | 🥇 FXCM |
| 📝 Regulation | FCA |
| 💰 Min. Deposit | $50 USD / R750 ZAR |
| 🔁 Spread from | 1.4 |
| ✅ Tradeable Symbols | 276 |
| 💵 Forex Pairs | 42 |
| 💳 Cryptocurrency | ❌ No |
| 💻 Trading Platform | MT4 |
| 🚀 Open an Account | 👉 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 Review – 18 Key Point Quick Overview
- ☑️ FXCM Overview
- ☑️ FXCM Safety and Security
- ☑️ FXCM Sign Up Bonus
- ☑️ FXCM Minimum Deposit
- ☑️ FXCM Account Types
- ☑️ FXCM Islamic, Swap-Free Account
- ☑️ FXCM Demo Account
- ☑️ How to Open an FXCM Account – A Step by Step Guide
- FXCM Trading Platforms
- FXCM Fees, Spreads, and Commission
- FXCM Deposit and Withdrawal
- FXCM Affiliate Program
- FXCM Best Countries By Traders
- FXCM vs Plus500 vs XM – A Comparison
- FXCM Customer Reviews
- FXCM Current Popularity Trend
- 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 Sign Up Bonus
FXCM does offer both a Sign-Up / Welcome bonus of $25 USD / R370 ZAR plus a Deposit Bonus of up to $300 USD / R4500 ZAR respectively. A Trader has to deposit a minimum of $50 USD to earn a deposit of up to $300 USD.
$300 Deposit Bonus
FXCM does offer a multi-tier, sign-up bonus of up to $300 USD / R4500 ZAR. A Trader has to deposit $50 USD or more to earn a deposit of up to $300 USD / R4500 ZAR. The minimum deposit amount required to open an FXCM live trading account is $50 USD / R750 ZAR.
FXCM Sign Up Bonus Promotion Tiers
| 🔎 Broker | 🥇 FXCM | - |
| 🚀 Sign Up Bonus | ☑️ Yes | - |
| ✅ Tier | 💰 Deposit | ✨ Bonus |
| 1️⃣ Tier 1 | $50 - $999 | $25 |
| 2️⃣ Tier 2 | $1000 - $2499 | $100 |
| 3️⃣ Tier 3 | $2500 - $4999 | $200 |
| 4️⃣ Tier 4 | $5000 | $300 |
| 🎉 Claim Bonus Now! | 👉 Click Here | 👉 Click Here |
The Promotional Period for the FXCM Sign Up bonus mentioned above ends on the 30th of June 2025.
$25 Welcome Bonus
FXCM does offer a welcome, sign-up bonus of $25 USD / R400 ZAR. A Trader has to deposit $50 USD or more to earn a welcome bonus of up to $25 USD / R400 ZAR. The minimum deposit amount required to open an FXCM live trading account is $50 USD / R750 ZAR.
FXCM Minimum Deposit
The minimum deposit amount required to register an FXCM live trading account is $50 USD. This minimum deposit is equivalent to R750.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
| 🔎 Account Type | 🥇 Standard | 🥈 Active Trader |
| 💰 Minimum Deposit | $50 USD - $300 USD | $25'000 USD (Account Balance) |
| - | R750 ZAR - R4500 ZAR | R370'000 ZAR |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
FXCM Account Types
FXCM provides four different account types the Standard Account, the Active Trader Account, an Islamic, Swap-Free Account plus the FXCM Risk-Free Demo Account. The minimum deposit amount required to open an FXCM live trading account is $50 USD / R750 ZAR.
| 🔎 Account | 🥇 Standard | 🥈 Active Trader |
| 💰 Min Deposit | $50 USD / R750 ZAR | - |
| 💵 Account Equity | - | $25'000 / R370'000 ZAR |
| ☑️ Account Currency | USD, GBP, EUR | USD, GBP, EUR |
| 📈 Leverage | 1:30 | 1:30 |
| 🔁 Spreads from | 1.3 | 0.2 |
| 💳 Commission | Yes | Yes |
| ⚙️ Instruments | - | - |
| 📊 Forex | Yes | Yes |
| 🍎 Commodities CFDs | Yes | Yes |
| 📉 Crypto CFDs | Yes | Yes |
| 📈 Indices CFDs | Yes | Yes |
| 🆓 Demo Option | Yes | Yes |
| ✅ Swap / Rollover Fee | 📌 No | 📌 No |
| ➕ Copy Trading | Yes | Yes |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
FXCM Islamic, Swap-Free Account
FXCM does offer an Islamic, Swap-Free trading account that is roll-over fee-free. FXCM offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. Spreads plus Commission may apply.
| 🔎 Broker | 🥇 FXCM |
| ☪️ Islamic Account | ✅ Yes |
| 🔁 Swap Fee | ❌ No |
| 💳 Commission | ☑️ Yes |
| 🚀 Open an Account | 👉 Click Here |
FXCM Demo Account
FXCM does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. A demo account generally expires after 30 days. The FXCM Demo Account comes pre-loaded with £50,000 in virtual funds.
| 🔎 Account | 🆓 Demo |
| 💰 Currency | USD, GBP, EUR |
| 📈 Leverage | 1:30 (Retail) |
| 💵 Min. Deposit | 📌 None |
| 🔁 Spreads from | 1.3 |
| 📌 Commission | 📌 None |
| ⚙️ Instruments | - |
| 📉 Forex | Yes |
| 🍎 Commodities CFDs | Yes |
| 📊 Cryptocurrency CFDs | Yes |
| 💻 Indices CFDs | Yes |
| ✅ Swap / Rollover Fee | 📌 No |
| ☑️ Copy Trading | Yes |
| 🚀 Open an Account | 👉 Click Here |
How to Open an FXCM Account – A Step-by-Step Guide
1. Step 1: Start Process.
Click on either blue Open Account button located on the FXCM homepage in order to start the process. Once this step has been completed, the applicant will be met with an explanation page with a larger Open Account Button. Click the button to continue.
2. Step 2: Apply Now.
The applicant must now select their country of residence plus their preferred platform for trade.
3. Step 3: General Information.
The following step is for the applicant to complete a selection of general information, including their preferred account option.
4. Step 4: Personal Information.
The applicant will be required to complete a Personal Information section, including citizenship, date of birth, and more.
5. Step 5: Contact and Employment Information.
The fifth step in the application process is to complete both contact and employment information, followed by questions in regards to the applicant’s trading history.
6. Step 6: Security and Referral
The final set of questions to complete will be concerning security measures plus a referral.
7. Step 7: Terms and Conditions
The account applicant must now carefully read, consider and ensure that they understand FXCM’s terms and conditions. Once they are secure in their choice to open an FXCM live trading account, they can now click on Finish.
FXCM Trading Platforms
FXCM makes multiple trading platforms available, including its own proprietary platform, Trading Station. Other available trading platforms include MetaTrader4 and NinjaTrader.
| 🔎 Platforms | 🥇 Trading Station | 💻 MetaTrader4 | ✅ NinjaTrader |
| 📌 1K Micro Lots | Yes | Yes | Yes |
| 🖥️ Automated Trading | Yes | Yes | Yes |
| 📊 Pre-Loaded Strategies | Yes | Yes | Yes |
| 📈 Advanced Back Testing | Yes | Yes | Yes |
| 📉 Chart Trading | Yes | Yes | Yes |
| 📁 One-Click Trading | Yes | Yes | Yes |
| 📧 Email/SMS Alerts | Yes | Yes | Yes |
| 🖱️ Custom Indicators | Yes | Yes | Yes |
| ☑️ Desktop | Yes | Yes | Yes |
| 📱 Web and Mobile | Yes | Yes | - |
FXCM Fees, Spreads, and Commission
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 |
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 Affiliate Program
FXCM makes two promotional offers available to their clientele. This includes a Rebate Program and a Friends + Family offer. FXCM’s Rebate Program is designed for traders who are active in the market whereas the Friends and Family Referral Promotion is for those who wish to refer their friends and family to FXCM.
The requirements to become a part of the rebate program is:
FXCM Best Countries By Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 United Kingdom | 20.18 |
| 🥈 Vietnam | 9.02 |
| 🥉 United States | 5.54 |
| Mexico | 5.21 |
| France | 5.02 |
FXCM vs Plus500 vs XM – A Comparison
| 🔎 Broker | 🥇 FXCM | 🥈 Plus500 | 🥉 XM |
| 💰 Min. Deposit | $50 | €100 | $5 |
| 🔁 Tradeable Instruments | 276 | +2800 | 1372 |
| ☑️ Forex Pairs | 42 | 71 | 57 |
| ✅ Average Spread | 1.4 | Variable | 1.6 |
| 💻 MetaTrader4 | Yes | 📌 No | Yes |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here “CFD Service. Your capital is at risk” | 👉 Click Here |
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 Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term “FXCM” is entered into Google’s search engine over a given period of time.
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
Overall, FXCM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.
You might also like: FXCM Account Types Overview
You might also like: FXCM Demo Account – Step by Step
You might also like: FXCM Fees and Spreads
You might also like: FXCM Minimum Deposit
You might also like: FXCM Sign up Bonus
Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The trading of financial instruments involves a high level of risk where traders can lose amounts that exceed their initial deposit, thus trading financial instruments and this level of risk is not suitable for all traders.
The information provided on the FXCM website is purely for information purposes and should not be regarded as an encouragement or recommendation to invest in financial instruments.
Frequently Asked Questions
Is FXCM a fake or a scam?
No, FXCM is not considered as a scam or fake broker as our review revealed that it is a trustworthy broker who is authorized by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust).
What are the advantages of trading with FXCM?
FXCM is an excellent broker choice for algorithmic forex traders. This is due to its wide array of related platform options, advanced charting tools, and support for automated trading strategies.
Which trading platforms are supported by FXCM?
FXCM supports the following trading platform – MetaTrader4, Trading Station, NinjaTrader and ZuluTrade.
What is the overall rating for FXCM out of 10?
The Overall rating for FXCM out of 10 is 9.6.
What type of broker is FXCM?
FXCM offers STP execution.
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