February 26, 2014: FXCM.uk fined by the FCA. Click here to read about it in the FPA's forums, along with FXCM's response.
October 3rd, 2011: FXCM fined by the CFTC. Click here to read about it in the FPA's forums, along with FXCM's response.
Related sites include FXCM-Markets.com, FXCMBullion.com.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$50|
|Address:||20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom|
|Contact:||email@example.com, +44 20 7398 4050|
|Regulators:||ASIC #AFSL 309763, CySEC #392/20, FSCA #46534, FCA #217689|
|Trading platforms:||MT4, NinjaTrader, FXCM Trading Station|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(3) Bitcoin, Litecoin, Ethereum|
|CFD:||(25+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill|
FXCM.com profile provided by FXCMAffiliate, Mar 20, 2020
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
FXCM CANCELLED ACCOUNT - NO REASON GIVEN! UK Based
When that came it was blunt to say the least, that they're cancelling and as their terms state they can for any reason at any time (No reason given).
Anyone else had this and find out why?
Does anyone know of software like Trading Station? It is good cause you can open multiple charts on multiple monitors not just in 1 window!!
Very good experience
They has very complicate system of registration and all others process, it is like 15 years ago.
But broker is very reliable and complex...
Winning trade...account locked!
There was no discussion or proof of any kind.
It seems that when you finally have a winning trade, they terminate the account.
If you make money, you have figured out how it works, but withdrawing is another beast.
They want losers.
Frequently Asked Questions
How good is FXCM?
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent FXCM community discussions: https://www.forexpeacearmy.com/community/tags/fxcm/
How do I open FXCM account?
- Select your country of residence and desired trading platform to get started.
- You will then be directed to FXCM server to complete the online application.
- Log in to the MyFXCM client portal, deposit funds, and start trading.
What is FXCM?
Is FXCM regulated?
- Forex Capital Markets Limited ("FXCM LTD") is authorised and regulated in the UK by the Financial Conduct Authority (FCA) with registration number 217689.
- FXCM Australia Pty. Limited ("FXCM AU") is regulated by the Australian Securities and Investments Commission (AISC), AFSL 309763.
- FXCM South Africa (PTY) Ltd Ltd is an authorized Financial Services Provider and is regulated by the Financial Sector Conduct Authority (FSC) under registration number 46534.
Why did FXCM get banned?
74.74% of retail investor accounts lose money when trading CFDs with FXCM.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.