FXCM is one of the oldest brokers in the forex world, with over 20 years of experience. Although since 2017 it has not operated in the US as a retail broker, it maintains a strong presence in Europe, Asia, and Africa. It offers access to forex, indices, commodities, and crypto CFDs through platforms like Trading Station, MT4, and NinjaTrader, with spreads from 0.2 pips and regulation in the United Kingdom, Australia, and South Africa.
How to Open an Account with FXCM
Digital Registration Process with KYC Validation
Opening an account with FXCM is done 100% online. In less than 20 minutes, the user completes their personal information, verifies their email, and uploads two documents: one for identity (passport or ID) and one for address (bill or bank statement).
Minimum Deposit and Accepted Methods
To start trading, a minimum deposit of $50 is required. Funding methods include credit or debit card, bank transfer, and Skrill. Accounts can be in USD, EUR, GBP, or other currencies depending on the user's region.
Multi-Platform and Mobile Access
Once activated, the account can be used from Trading Station (proprietary platform), MetaTrader 4, NinjaTrader, or ZuluTrade. There is also an official mobile app for tracking and executing orders in real time.
Online registration in 10–20 minutes
Mandatory verification with document and ID
Minimum deposit: $50 USD
Multiple currencies and payment methods
Mobile app and advanced platforms
Available Assets and Trading Platforms
Diversification in CFDs with Competitive Spreads
FXCM allows trading in over 40 currency pairs, stock indices, commodities, and cryptocurrency CFDs. The spreads are tight, starting from 0.2 pips in major pairs like EUR/USD. The structure is entirely spread-based, with no direct trade commissions.
Robust Platforms for Every Type of Trader
Trading Station is FXCM's proprietary platform, known for its fast execution, customizable charts, and advanced tools. MT4 is ideal for those who prefer to trade with EAs, while NinjaTrader and ZuluTrade enable social trading and automated strategies.
More than 40 currency pairs and CFDs
Crypto CFDs available in select regions
Low spreads from 0.2 pips
Trading Station, MT4, NinjaTrader, and ZuluTrade
Mobile app for quick monitoring and trades
Fees, Regulation, and User Experience
Competitive Costs with Some Restrictions
FXCM does not charge explicit trading commissions, as their model is 100% spread-based. However, withdrawals under $100 incur a $40 fee for bank transfers. There are no inactivity fees, and margins are tight for standard accounts.
International Regulation and Protected Funds
The broker is regulated by authorities such as the FCA (UK), ASIC (Australia), and FSCA (South Africa). This ensures client fund segregation, negative balance protection, and clear compliance policies.
Customer Support and Educational Resources
FXCM offers 24/5 support via chat, email, and phone, with assistance in multiple languages. It also provides basic educational tools and online seminars, although it does not include a demo account for cryptocurrencies.
No trading commissions (spreads only)
Withdrawal fee of $40 if under $100
Regulated by FCA, ASIC, and FSCA
Balance protection and segregated funds
24/5 support with educational resources
