Min $300

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73.42% of retail CFD accounts lose money.
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8.3/10 (Expert Score)
Product is rated as #10 in category CFD Brokers
This FXCM review gives you all the key facts you need to decide if it’s the right platform for your money. Brought to you by Brokerage Compare.
Commissions & Fees
Offering of Investments
Platforms & Tools
Customer Service
  • Min Deposit $300
  • 30:1 Max Leverage
  • Forex, Crypto, Stocks, Commodities & Indices
  • Credit/Debit card, Bank transfer, Electronic wallets
  • Web Trader, Mobile App, Desktop Trader, MetaTrader 4, NinjaTrader, ZuluTrade
  • Regulated by FCA, ASIC, FSCA
  • 16 Languages Supported
  • Free Trading Signals
  • Best Forex Trading Platform at Global Forex Awards 2020
  • 120+ Tradable Assets
  • No ETFs
  • Up to $40 bank transfer withdrawal fee
  • No 24/7 support

FXCM Review

FXCM (Foreign Capital Markets) is an online trading platform for the foreign exchange market, commodities such as crude oil and gold, as well as CFDs on major indices. It was founded in 1999 in Ney York and it operated under the name Leucadia National Corporation until 2018. Today it sits under the FXCM Group, it’s owned by Jefferies Financial Group and it’s based in London.

FXCM Fees Review

  • Low trading fees
  • Low CFD fees

  • Up to $40 bank transfer withdrawal fee
  • $50 annually inactivity fee after 1 year of no trading

CFD Fees

CFD trading fees are low on FXCM. E.g., for a $1,000 long position held for a week, the fees are:

S&P 500 index CFD feeEurope 50 index CFD feeApple CFD fee

Forex Fees

Forex trading fees are high on FXCM. E.g., for a $10,000 30:1 long position held for a week, the fees are:


Non-trading Fees

Account FeeDeposit FeeWithdrawal FeeInactivity Fee
$0$0$0 for credit/debit cards, but $40 for bank transfers$50 per year after one year of inactivity

Visit FXCM

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FXCM Deposits & Withdrawals Review

  • No deposit fee
  • No Credit/Debit card withdrawal fees

  • High bank transfer withdrawal fees

Account Base Currency

Your FXCM account can be in one of these 4 currencies: GBP, USD, EUR or CHF.

Deposit & Withdrawal Currency Conversion Fees

FXCM charges withdrawal fees on bank transfers. The actual amount depends on when the country where the account is based.

Bank transfer$25 in the UK and US and $40 outside the UK or US€15 in the UK, France, Germany and Italy and €30 outside those countries.£15 in the UK and £30 outside the UK
Credit/Debit card & Electronic walletsNoneNoneNone

How long will it take for my deposit to show on FXCM?

If you make the deposit over card, either debit or credit, it’s instant. Bank transfers take a few business days.

When will I have access to my money if I withdraw from FXCM?

Withdrawals via debit card take around 3 working days.

What is FXCM minimum deposit?

FXCM minimum deposit is $300. The max is $10k per transaction or $20k per month.

Can I withdraw any amount?

There’s a minimum limit of $50.

Does FXCM charge withdrawal fees?

Withdrawals to cards, either debit or credit, are free. However, FXCM charges a fee for withdrawals to bank accounts, which can be up to $40.

Are there any terms on where I direct any funds I withdraw?

FXCM’s only specification is that you withdraw to accounts in your name.

Make your First Deposit with FXCM

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FXCM Account Types Review

You can easily open an FXCM account online, using your email address. Then you get two options: you can either try out the platform using play money with a demo account or you can start trading directly with a live account. Once you deposit funds, you’ll need to verify your identity by uploading a copy of your passport or ID and your residency by uploading a copy of a utility bill or bank statement. The whole process should take about a day.

Platform Languages

The FXCM platform is multilingual with 16 languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Turkish.

Open a Trading Account with FXCM

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FXCM Platforms & Assets Review

  • Web Trader, Mobile App, Desktop Trader, MetaTrader 4, NinjaTrader, ZuluTrade
  • Free Trading Signals for Live Accounts

  • No ETFs

Trading Signals

FXCM offers free forex trading signals with all live accounts and you can also benefit from them during the free 14-day trial. FXCM’s forex trading signals apply to 39 currency pairs.

Start Forex Trading with FXCM

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FXCM Customer Service Review

  • Live chat
  • Phone support
  • Email

  • No 24/7 support

FXCM offers customer support over live chat and email, the agents are quick to respond and knowledgeable. There’s also a phone support service which is available in 42 countries.

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Is FXCM safe?

RegulatorLicenseLegal Entity
Financial Conduct Authority (FCA)217689Forex Capital Markets Limited
Australian Securities and Investments Commission (ASIC)309763FXCM Australia Pty
Financial Sector Conduct Authority of South Africa (FSCA)46534FXCM South Africa (PTY) LTD

Is FXCM safe?
  • Yes, it is authorised and regulated by the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC) and the Financial Sector Conduct Authority of South Africa (FSCA).

Is there negative balance protection on FXCM?
  • No. FXCM expects you to make sure you don’t end up with a negative balance. If you do you will need to cover the amount with additional payments.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.42% 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.

Trade Safe with FXCM

Specification: FXCM

Max Leverage 30:1
Assets 120+
CFDs Forex, Stocks, Commodities, Indices
Customer Type Experienced Traders
Country/Region UK, Europe, Australia, Middle East, America, Asia
Platforms Web Trader, Mobile App, Desktop Trader, MetaTrader 4, NinjaTrader, ZuluTrade
Deposit Options Credit/Debit Cards, Electronic Wallets, Bank Transfer
Regulated by FCA, ASIC, FSCA
Customer Service Phone, Email, Live chat

Videos: FXCM

Photos: FXCM

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