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FXCM Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
4.13 4.13 / 5
Min. Deposit USD 50
Max. Leverage 400:1
Min. Spread Variable pips
Regulators FCA,ASIC,FSCA
Regulator Origin FCA ASIC FSCA
Trading Desk Type

Summary

With accounts starting at just 50 USD, FCXM is not just excellent value, it also excels in platform choice, quality of educational material, and customer support. For traders looking for a big international brand with good regulation and Malaysian educational resources, FXCM is your choice in a broker.

FCXM doesn't run a normal bonus program, but any unused trading funds made will automatically earn 5% interest, an approach we have not seen before.

 

Reviews

Regulation 11110.5
Trading Conditions 11110
Trading Platforms 11110.5
Deposit & Withdrawal 110.500
Education & Research 11110.5
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Standard
Bonuses $20 Welcome Bonus
Our Review Process

Trading Conditions

Minimum Deposit USD 50
Base currencies USD, GBP, EUR
Number of FX Pairs 39
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD 1.3
GBP / USD 1.8
USD / JPY 1.4

Company Details

Company name www.fxcm.com
Founded 1999
Website www.fxcm.com/za
Type Market Maker
Regulators FCA,ASIC,FSCA
Office locations South Africa, Australia, United Kingdom

Deposit & Withdrawal Methods

Supported Platforms for FXCM

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.13 / 5 11110.5 4.18 / 5 11110.5 4.51 / 5
Minimum Deposit USD 50 USD 100 USD 200
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading Instruments Cryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs 39 50+ 80+
Crypto Pairs 5 18 5
Pros
  • Well regulated
  • Great platform choice
  • Excellent education
  • Innovative trading tools
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Limited demo account
  • Dealing desk
  • Limited education
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11110 4 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 110.500 2.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Education & Research 11110.5 4.5 / 5 11000 2 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 75.38% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage 400:1 400:1 500:1
Spread Variable pips 0.9 pips 0.01 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard (Mini)
  • Retail (Standard)
  • Swap-free
Islamic Account Yes Yes Yes
Trading Platforms MT4 , NinjaTrader MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Neteller, BPay, POLi
Trading Commission From 6 USD / lot Fees Included in Spread From 7 USD / lot - Razor Account
Clear all brokers Clear all brokers

FXCM

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Pepperstone

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Overall Rating 11110.5 4.13 / 5 11110.5 4.18 / 5 11110.5 4.51 / 5
Minimum Deposit USD 50 USD 100 USD 200
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading Instruments Cryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs 39 50+ 80+
Crypto Pairs 5 18 5
Pros
  • Well regulated
  • Great platform choice
  • Excellent education
  • Innovative trading tools
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Limited demo account
  • Dealing desk
  • Limited education
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11110 4 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 110.500 2.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Education & Research 11110.5 4.5 / 5 11000 2 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 75.38% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage 400:1 400:1 500:1
Spread Variable pips 0.9 pips 0.01 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard (Mini)
  • Retail (Standard)
  • Swap-free
Islamic Account Yes Yes Yes
Trading Platforms MT4 , NinjaTrader MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Neteller, BPay, POLi
Trading Commission From 6 USD / lot Fees Included in Spread From 7 USD / lot - Razor Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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