FXCM Review 2025 | Regulated Broker for Forex, Crypto & CFDs

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OVERVIEW

About FXCM

Founded in 1999, FXCM is a leading online trading provider offering forex, indices, commodities, shares, and cryptocurrencies. Known for its advanced platforms and strong regulatory framework, it delivers fast execution and competitive pricing. FXCM focuses on empowering traders with innovative tools, education, and market insights worldwide.

Fees & Commissions

Spreads (Standard Accounts):
No commission; trading costs are included in spreads.
Major forex pairs like EUR/USD typically start from 1.3 pips.
Indices and commodities also offered with spread-only pricing.
Commission Accounts (Active Trader):
Designed for high-volume traders.
Spreads start from 0.2 pips on major pairs.
Commission charged from $25 per $1 million traded, scaling down for larger volumes.
Cryptocurrency Trading:
Spread-based pricing on popular cryptos like Bitcoin, Ethereum, and Litecoin.
No additional commission applied.
Swap / Overnight Fees:
Charged on positions held overnight.
Rates vary by instrument and market conditions.
Swap-free (Islamic) accounts are available.
Inactivity Fees:
A $50 inactivity fee is applied after 12 months of no trading activity.
Deposits & Withdrawals:
FXCM does not charge fees on most deposits and withdrawals.
Bank or third-party charges may apply depending on the method used.

Tradable Assets

Forex: 40+ currency pairs including majors, minors, and exotics
Indices: CFDs on major global indices such as S&P 500, NASDAQ, Dow Jones, FTSE 100, DAX, and Nikkei
Commodities: Gold, silver, oil, natural gas, and other key commodities
Shares/Equities: CFDs on leading U.S., UK, European, and Asian company stocks
Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and other major cryptos (availability may vary by jurisdiction)
ETFs: Selection of popular exchange-traded funds
Baskets: FXCM’s custom-created thematic baskets (e.g., Crypto Basket, FAANG Basket, Yen Basket)

Terms

Account Types: Standard, Active Trader, Professional, Islamic (swap-free), and Demo accounts.
Minimum Deposit: Generally starts at $50 for Standard accounts; higher balances recommended for Active Trader accounts.
Leverage:
Up to 1:30 for retail clients (as per FCA, ASIC, and EU regulations).
Professional clients can access higher leverage, up to 1:400 depending on jurisdiction.
Spreads & Pricing:
Standard Accounts: spreads from 1.3 pips with no commissions.
Active Trader Accounts: spreads from 0.2 pips plus commission ($25 per $1 million traded).
Execution Model: No Dealing Desk (NDD) execution with access to multiple liquidity providers.
Order Types Supported: Market, limit, stop, and trailing stop orders.
Negative Balance Protection: Available for retail clients under regulated jurisdictions.
Islamic Accounts: Swap-free accounts available for Sharia-compliant trading.
Deposits & Withdrawals: Free for most payment methods; third-party bank or card charges may apply.
Inactivity Policy: $50 charged after 12 months of inactivity.
Regulatory Restrictions: Certain asset classes (e.g., crypto CFDs) may not be available in all regions due to local regulations.

Regulators

Financial Conduct Authority (FCA) – United Kingdom
Australian Securities and Investments Commission (ASIC) – Australia
Financial Sector Conduct Authority (FSCA) – South Africa
Investment Industry Regulatory Organization of Canada (IIROC) – Canada