FXCM

Written by How we review

FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.
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Key facts

#9
Trust rank
1999
Founded
4
Licences
226
Countries accepted
HeadquartersUnited Kingdom
Broker typeSTP
RegulationFCA; ASIC; CySEC; FSCA
PlatformsMT4, Proprietary, TradingView
InstrumentsCommodities, Cryptocurrencies, Forex, Indices
Fee levellow

Updated

Pros

  • • FCA- and ASIC-regulated; segregated client funds
  • • NDD/STP agency execution; deep liquidity
  • • Trading Station and MT4; advanced charting and order types
  • • REST/FIX APIs and Python SDK; VPS support for algos
  • • Broad instrument range: FX, indices, commodities, crypto CFDs

    • Cons

  • • Not available to U.S. clients
  • • Inactivity fee
  • • Limited product range
  • • Best pricing requires high balance/volume
  • • Offshore unregulated entity exposure

    • Key Features

  • • STP No Dealing Desk Forex Execution
  • • Multi Asset Forex and CFD Trading
  • • Trading Station MetaTrader 4 NinjaTrader and TradingView Integration
  • • REST and FIX API and VPS for Algorithmic Trading
  • • FCA ASIC and FSCA Regulation with Segregated Funds and Negative Balance Protection
  • • Active Trader Account with Volume Based Pricing

    • Similar Brokers

    Where This Broker Ranks

    FXCM is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

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    Frequently Asked Questions

    You can trade spot forex on major and minor pairs. In some regions, you may also access contracts for difference on indices, commodities, and shares. Digital asset CFDs can be available in select locations. Product lists, trading hours, and minimum sizes vary by entity. Margin rules and shorting policies differ by instrument. Check the product disclosure and terms for your account before placing a trade. This content is for general information only.

    You can open a live or demo account online after identity checks. Account features, base currencies, and margin rules depend on your location. You can trade on a proprietary platform across web, desktop, and mobile. Some entities also support compatible third‐party platforms and APIs for automated strategies. You can enable one‐click trading, hedging, and custom order presets where allowed. Review the terms for your chosen account and platform in your client portal. This is general information only.

    Pricing uses variable spreads. Some account types may add a commission per trade. Overnight financing applies when you hold positions past the daily cutoff. Currency conversion charges can apply if your account currency differs from the instrument's currency. An inactivity fee may apply after a period with no trading. Deposit and withdrawal processing can involve third‐party charges. You can find the fee schedule and pricing methodology in your account documents and the legal section of the website. This is general information only.

    Orders execute at the best available price that the system can obtain at the time. During fast markets, you may see positive or negative slippage between requested and filled prices. Supported order types typically include market, limit, stop, and trailing stop. You can attach stop‐loss and take‐profit on entry. Large orders may fill in parts. Execution method and fill logic can vary by instrument, liquidity, and account type. Review the order execution policy for your entity. General information only.

    The group operates through separate entities that are authorized in their local jurisdictions. The entity you onboard with determines product access, leverage limits, dispute handling, and disclosures. Client money is usually held in segregated accounts under local rules. Negative balance protection and any compensation schemes depend on your region and account. You can see the entity name on your account agreement and statements. This information is general and should not be considered legal or investment advice.

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