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FXCM Markets Review
FXCM Markets is the offshore arm of FXCM, run by Stratos Global LLC in Saint Vincent and the Grenadines, with no financial regulator watching over it.
Min Deposit
$50
Spreads From
0.2 pips
Max Leverage
1:1000 for accounts under $10,000 in equity
Platforms
Trading Station, MetaTrader 4
Pros
- Part of a large, well known group with over 25 years in forex trading
- High leverage up to 1:1000 is available for smaller trading accounts
- Trading Station, MetaTrader 4, and TradingView are all offered here
- Low minimum deposit of just $50 to open a standard trading account
- Clear help pages explain the entity is not regulated, not hidden
Cons
- No financial regulator oversees Stratos Global LLC or this entity
- Not available to residents of the US, EU, UK, Canada, or Australia
- Parent brand was fined and banned from the US market back in 2017
- Bank withdrawals can carry a fee of up to $40 per transaction
- An inactivity fee applies once a year passes without a trade
FXCM Markets is the international arm of FXCM, run by a company called Stratos Global LLC. It is registered in Saint Vincent and the Grenadines. This entity has no financial regulator checking its work, unlike FXCM's UK, Australian, and South African units.
Accounts under $10,000 in equity can get leverage up to 1:1000 on forex, far above what regulated brokers like the FCA or ASIC allow. The minimum deposit is $50 and spreads start close to 0.2 pips. Traders use Trading Station, MetaTrader 4, or TradingView. An inactivity fee applies after a year without a trade, and bank withdrawals can cost $40.
FXCM Markets is not meant for US, Canadian, EU, Japanese, Hong Kong, or Australian residents, per FXCM's own help pages. The wider group has a troubled past too. In 2017, the CFTC fined FXCM's old US arm $7 million and banned it for hiding trades against its own clients. For real oversight, pick FXCM's regulated UK, Australian, or South African entity instead.
Min. Deposit
USD 50
Max Leverage
1:1000 for accounts under $10,000 in equity
Spreads From
0.2 pips
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
