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FXCM Review

Forex Capital Markets Limited – more commonly known as FXCM – is one of the original retail forex brokerage firms, dating all the way back to 1999. It is owned by the publicly traded company, Jefferies Financial Group Inc. (NYSE: JEF), and headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom.

Besides mere longevity in the forex brokerage business, FXCM has built a reputation as a good, full service broker, an innovator in retail forex trading, and as a firm that is continually expanding the trading services that it offers to clients.

FXCM started out as solely a forex broker. In the years since, it has made available trading in several more financial markets – stocks, market indexes, commodities, and even cryptocurrencies. (All assets outside the forex market are traded in the form of CFDs.)

It has captured dozens of noteworthy industry awards over the years, including awards for financial transparency, customer service, and its proprietary trading platform.

FXCM distinguishes itself from other forex brokers with a number of elements. It offers an exceptionally wide selection of online, desktop, and mobile trading platforms, including its own Trading Station platform, MetaTrader 4, TradingView and Capitalise AI. In addition, it gives clients access to multiple specialty platforms that offer API and other algorithmic trading tools.

FXCM also provides its clients with extensive market news and research, including daily market news and commentary, and several weekly seminars on financial markets and trading. It also maintains a large library of articles, guides, and videos on all aspects from trading, from the basics to advanced trading strategies.

FXCM clients also have access to copy trading, social trading, VPS service, market scanners, and trading ideas from Autochartist and several other sources.

Its healthy supply of trader education resources, low minimum deposit requirements, and user-friendly trading platforms make FXCM stand out as a good choice for beginning traders. However, its broad range of trading instruments and extremely advanced trading tools, such as algorithm creation programs, also make it quite appealing to even the most sophisticated and demanding professional traders.

FXCM offers a choice of account types, acceptably low bid and ask spreads and, overall, offers attractively low trading fees.

FXCM serves more than 100,000 individual retail clients, as well as many institutional clients, across 42 countries, and is regulated by multiple financial regulatory entities.

There’s a lot for any trader to like about FXCM – a very broad selection of trading platforms, low overall fees, and a huge amount of free trader education resources, news and research information, and helpful trading tools. Its services are attractive to both novices and very experienced traders.

FXCM has stood the test of time and established a solid reputation as a trustworthy forex broker. It’s regulated by multiple financial regulatory authorities. It has continually added to both the trader services it offers and the financial markets that it offers trading in.

Typical Spread on Majors - Live info

EUR/USD 1.0
GBP/USD 1.2
USD/JPY 1.0
* STANDARD account shown.
Headquarters London, United Kingdom
Type of Broker Market Maker
Founded 1999
Regulated By Regulated By ASIC (Australia), FCA (UK), CySEC (Cyprus), ISA (Israel), FSCA (South Africa)
Offices In United Kingdom, Cyprus, Germany, Australia, Israel, South Africa
Supported Languages English, French, Chinese, German, French, Italian, Spanish, Hebrew, Indonesian, Vietnamese, Arabic, Russian, Polish, Dutch, Swedish, Danish, Romanian, Malaysian
ESMA Regulation ? This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article
Currencies Swap
Short Long Type
AUDCAD 0.00 0.00 0
AUDCHF 0.00 0.00 0
AUDJPY 0.00 0.00 0
AUDNZD 0.00 0.00 0
AUDUSD 0.00 0.00 0
CADCHF 0.00 0.00 0
CADJPY 0.00 0.00 0
CHFJPY 0.00 0.00 0
EURAUD 0.00 0.00 0
EURCAD 0.00 0.00 0
EURCHF 0.00 0.00 0
EURGBP 0.00 0.00 0
EURHUF 0.00 0.00 0
EURJPY 0.00 0.00 0
EURNOK 0.00 0.00 0
EURNZD 0.00 0.00 0
EURSEK 0.00 0.00 0
EURTRY 0.00 0.00 0
EURUSD 0.00 0.00 0
GBPAUD 0.00 0.00 0
GBPCAD 0.00 0.00 0
GBPCHF 0.00 0.00 0
GBPJPY 0.00 0.00 0
GBPNZD 0.00 0.00 0
GBPUSD 0.00 0.00 0
NZDCAD 0.00 0.00 0
NZDCHF 0.00 0.00 0
NZDJPY 0.00 0.00 0
NZDUSD 0.00 0.00 0
TRYJPY 0.00 0.00 0
USDCAD 0.00 0.00 0
USDCHF 0.00 0.00 3
USDHUF 0.00 0.00 0
USDJPY 0.00 0.00 0
USDNOK 0.00 0.00 0
USDSEK 0.00 0.00 1
USDTRY 0.00 0.00 0
XAUUSD 0.00 0.00 0
XAGUSD 0.00 0.00 0
BTCUSD 0.00 0.00 0
BCHUSD 0.00 0.00 0
ETHUSD 0.00 0.00 0
Swap Chart for EURUSD for different FX Brokers
Long Swaps
Short Swaps
Change Currency
Volume
AUDCAD 42
AUDCHF 35
AUDJPY 62
AUDNZD 55
AUDUSD 44
CADCHF 25
CADJPY 3
CHFJPY 22
EURAUD 50
EURCAD 3
EURCHF 9
EURGBP 26
EURHUF 6
EURJPY 26
EURNOK 15
EURNZD 34
EURSEK 1
EURTRY 2
EURUSD 6
GBPAUD 86
GBPCAD 47
GBPCHF 37
GBPJPY 12
GBPNZD 83
GBPUSD 58
NZDCAD 18
NZDCHF 15
NZDJPY 28
NZDUSD 11
TRYJPY 6
USDCAD 6
USDCHF 39
USDHUF 2
USDJPY 19
USDNOK 15
USDSEK 2
USDTRY 2
XAUUSD 49
XAGUSD 17
BTCUSD 6
BCHUSD 6
ETHUSD 12
Volume Chart
Account Currencies USD, EUR, GBP
Minimum Deposit $50
Traders from USA Allowed No
Clients Funds Segregated Yes
Interest on Margin Yes
Islamic Accounts Yes
ECN / STP Accounts Offered Yes
Commission on STP or ECN $4.0 Lot per side
VIP Accounts Offered Yes
VIP Account Requirements $25,000 minimum deposit or $10 in million trades per month
Mini Accounts Offered Yes
PAMM / MAM Solutions Yes
API Solutions Yes
Mobile Trading Yes
Web Based Trading Yes
Funding Methods Credit/Debit Cards, Wire Transfer, PayPal, Google Pay, Apple Pay, Skrill, Neteller
Withdrawal Methods Credit/Debit Cards, Wire Transfer, PayPal, Google Pay, Apple Pay, Skrill, Neteller
Platforms Offered MetaTrader 4, MetaTrader 4 iOS, MetaTrader 4 Adnroid, Trading Station Desktop, Trading Station Mobile, TradingView, Capitalise AI
NO of Pairs 42
Cryptocurrency Trading Yes
Pricing Digits 5
Trade off Charts Yes
One-click Execution Yes
Email Alerts Yes
Mobile Alerts No
Trading Server Time GMT + 0
Demo Account Expiry Non-Expiring
VPS Offered No
Dealing Desk Yes
Maximum Leverage 30:1
Minimum Contract Size 0.01
Execution Market Execution
Hedging Yes
Scalping Yes
Scalping Restrictions No
Option of OCO Yes
Option of FIFO Yes
Liquidity Providers 10+
Negative Balance Protection Yes
CFD's Yes
Metals Yes
Oil Yes
Stocks Yes
Indices Yes
Spread Betting Yes
Short Long Type
AUDCAD 0.00 0.00 0
AUDCHF 0.00 0.00 0
AUDJPY 0.00 0.00 0
AUDNZD 0.00 0.00 0
AUDUSD 0.00 0.00 0
CADCHF 0.00 0.00 0
CADJPY 0.00 0.00 0
CHFJPY 0.00 0.00 0
EURAUD 0.00 0.00 0
EURCAD 0.00 0.00 0
EURCHF 0.00 0.00 0
EURGBP 0.00 0.00 0
EURHUF 0.00 0.00 0
EURJPY 0.00 0.00 0
EURNOK 0.00 0.00 0
EURNZD 0.00 0.00 0
EURSEK 0.00 0.00 0
EURTRY 0.00 0.00 0
EURUSD 0.00 0.00 0
GBPAUD 0.00 0.00 0
GBPCAD 0.00 0.00 0
GBPCHF 0.00 0.00 0
GBPJPY 0.00 0.00 0
GBPNZD 0.00 0.00 0
GBPUSD 0.00 0.00 0
NZDCAD 0.00 0.00 0
NZDCHF 0.00 0.00 0
NZDJPY 0.00 0.00 0
NZDUSD 0.00 0.00 0
TRYJPY 0.00 0.00 0
USDCAD 0.00 0.00 0
USDCHF 0.00 0.00 3
USDHUF 0.00 0.00 0
USDJPY 0.00 0.00 0
USDNOK 0.00 0.00 0
USDSEK 0.00 0.00 1
USDTRY 0.00 0.00 0
XAUUSD 0.00 0.00 0
XAGUSD 0.00 0.00 0
BTCUSD 0.00 0.00 0
BCHUSD 0.00 0.00 0
ETHUSD 0.00 0.00 0
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