FXCM logo

FXCM Review

4.4Very Good
#5 Ranked

Established forex broker since 1999 with award-winning trading platforms and excellent research tools.

25+ YearsAward-Winning PlatformNo Dealing Desk

Min Deposit

$50

Spreads From

0.2 pips

Max Leverage

1:30

Platforms

4

Overall Rating

4.4

Very Good

Regulated by FCA (UK)

CFDs are complex instruments with high risk of losing money. FXCM retail accounts lose money trading CFDs.

Pros & Cons

Pros

  • Excellent proprietary platform (Trading Station)
  • Strong research and analysis tools
  • No dealing desk execution
  • Low minimum deposit ($50)
  • Good algo trading support

Cons

  • Limited product range
  • Spreads higher on standard accounts
  • Past regulatory issues in some regions
Full FXCM Review

FXCM is one of the original online forex brokers, established in 1999 and headquartered in London. With over two decades of experience, FXCM has built a strong reputation for innovation, having pioneered many features that are now industry standard.

The broker offers its proprietary Trading Station platform alongside MetaTrader 4, providing traders with powerful charting, automated trading capabilities, and extensive market analysis tools. FXCM is particularly known for its strong research offerings and its proprietary Speculative Sentiment Index (SSI).

FXCM is regulated by the FCA in the UK and serves clients globally, offering forex, indices, commodities, and cryptocurrency trading.

Account Types
Most Popular

Standard

Min Deposit$50
Spreads1.3 pips

Active Trader

Min Deposit$25,000
Spreads0.2 pips
Commission$30/million
ForexIndicesCommoditiesCryptoStocks CFDs

40+ currency pairs available for trading

Frequently Asked Questions

Score Breakdown4.4/5
Trust & Safety
4.3/5

Regulation, fund safety, track record

Trading Conditions
4.4/5

Spreads, execution, leverage

Platforms & Tools
4.7/5

Platform quality, charting, features

Research & Education
4.6/5

Analysis, webinars, learning materials

Customer Service
4.2/5

Support quality, responsiveness

Mobile Trading
4.3/5

Mobile app quality, features

Quick Facts
Min Deposit
$50
Spreads From
0.2 pips
Max Leverage (Retail)
1:30
Headquarters
London, UK
Founded
1999
Currency Pairs
40+
Commission
From $30/million
Withdrawal Time
1-2 business days
Inactivity Fee
$50/year after 12 months

Regulators

FCA (UK)ASIC (Australia)CySEC (Cyprus)

Platforms

Trading StationMetaTrader 4TradingViewZuluTrade
Not Available In
USAIranNorth Korea
Last verified: January 12, 2024

Compare Alternatives to FXCM