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FXCM

FXCM

✓MTR verified
NDDFCA | ASIC | FSCATier-1Australia | Founded: ~2010-2020

9.4 /10

Editorial score

Fajar Febriansyah
Written byFajar Febriansyah
Alex Firdaus
Edited byAlex Firdaus
Karol Cempa
Fact Checked byKarol Cempa
Updated
May 2026

Min. Deposit

$0

Max Leverage

1:400

Regulation

Tier-1

FCA, ASIC, FSCA

Broker Type

NDD

Copy Trading

—

Founded

~2010-2020

Spreads From

0.3 Pips

Withdrawal Time

—

Instruments

600+

Demo Account

—

Platform

Trading StationMT4

Payment Methods

—

Pros

  • Regulated by 5 Tier-1 authorities including FCA and ASIC — UK retail clients covered by FSCS up to £85,000
  • Strongest platform offering for algo and active traders: Trading Station, MT4, NinjaTrader, TradingView, and ZuluTrade all available
  • Full execution transparency with publicly published slippage statistics — rare among retail brokers
  • Low $50 minimum deposit for standard global accounts
  • 25+ years of operating history with parent company Jefferies Financial Group listed on US exchanges

Cons

  • FXCM has a serious historical regulatory issue in the US, where the CFTC ordered a $7 million penalty in 2017 and prohibited FXCM from CFTC registration
  • No MetaTrader 5 support, now an industry standard and a common requirement among active traders
  • Standard account spreads are uncompetitive (EUR/USD from 0.7 pips); competitive pricing requires $25,000 minimum for Active Trader
  • Limited instrument range (~440 symbols, 35–46 forex pairs) compared to brokers offering 1,000+ markets
  • $50/year inactivity fee applies after 12 months with no trading activity
Open AccountReport issue
Regulated & Active

Customer Reviews

See what traders are saying about FXCM.

150 Reviews
Total Verified Reviews
3.7
Out of 5
Average
5 Stars
33%
4 Stars
27%
3 Stars
20%
2 Stars
13%
1 Stars
7%

All Reviews (150)

CP
Chioma Patel
17h ago

Funded my account on FXCM easily and started trading right away.

ZS
Zhang Sharma
17h ago

Customer service at FXCM is outstanding. Quick and helpful responses.

WP
William Popov
17h ago

Very happy with FXCM. Recommended to my trading group.

ED
Emma Dubois
17h ago

Professional service throughout. FXCM is a quality choice.

PW
Pham Wu
17h ago

Customer service at FXCM is outstanding. Quick and helpful responses.

…

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Detailed Review Coming Soon

Our editorial team is currently evaluating FXCM to bring you a comprehensive long-form review.