Advertisements:

FXCM — Forex Broker

  • Free education
  • Trading by telephone
  • PAMM accounts
  • LAMM accounts
  • Segregated accounts
  • Managed accounts
  • Islamic accounts available
  • US traders are welcome
  • Requires sending documents via postal mail

  See FXCM reviews

Unrated
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Company Forex Capital Markets, LLC
Founded in 1999
Online since 2001
Offices in Show countriesHide
Payment options Credit/debit cards
Wire transfer
Demo platforms
  • MetaTrader 4 (Limited with 30 days)
  • Trading Station II (Limited with 30 days)
  • MirrorTrader (Limited with 30 days)
  • ZuluTrade (Limited with 30 days)
  • NinjaTrader
Account currencies Show account currenciesHide
Currency pairs Show currency pairsHide
Regulated by Show regulationHide
Website available in Show website languagesHide
Support available in Show support languagesHide
Support methods Email
Live chat
Phone
Trading server time zone GMT
VPS for traders Free for deposits greater than $5,000.
Conditions for VIP traders Low spreads for Active Trader.

Account Types

Minimum account size $5,000
Minimum position size 0.01 lot
Spread type Variable
Typical spread on EUR/USD, pips 2.5
Minimum spread on EUR/USD, pips 1
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:400
Gold & silver 1:400
CFD 1:400
Oil 1:400
Indexes 1:400
Trading platforms MetaTrader 4
Trading Station II
NinjaTrader
Digits after the dot in quotes 5
Margin call level 100%
Stop-out level 100%
Number of currency pairs 56
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

  Open demo account with FXCM.

  Open real account with FXCM.

View contract specifications.

Reviews 

33 reviews of FXCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Andrew from Belarus. Trading account #IXXXXXXXXXXXr
Wednesday, May 14, 2014

Guys, FXCM was my first broker. I remember also my first deal opened with them! I had no problem with WD or something else. But they has a leverage 1:50 and I wanted at least 1:100. I opened my account with FXCM because my friend said me that this is a good broker. After trading with FXCM I opened an account with other broker that proposed me leverage 1:200. So my impression is neutral. But I think they had good terms of trading for USA customers. Execution speed and speads are good, and I had no problems with WD. It's just I don't like their leverage.

  HelenM512 from LONDON.
Wednesday, November 23, 2011

FXCM are a untrustworthy broker. The connection and execution is terrible, I have been stopped out of trades prematurely numerous times with no compensation offered by FXCM. Auto updates on the MT4/Meta quotes platform cut me from three swing trades only yesterday, after a call to FXCM they tell me this sort of error happens occassionaly!! Unbelievable. If this is the case where is my bloody compensation! Customer service is dreadful and the audit form investigation team is automated. Greedy and unstable broker.

  nasa750 from Malaysia.
Friday, October 7, 2011

i aggreed with pakrul and alfian.So far so good broker. i was trading with them almost 4 years and i found nothing problems there..the problems is came from our behavior..don't trading with MT4 because many MT4 have the same problem.the server and requote with bad connections

  Goran from Australia.
Tuesday, August 23, 2011

Which good FXCM ... GCI ... FOREX ? FXCM never notify me before they frozen it out till next day I loss amount!!!

  pro trader from UK.
Sunday, February 27, 2011

HI GUYS, HONEST REVIEW HERE, TRADED WITH FXCM 3 YEARS NOW BUT CLOSED MY ACCOUNT 3 DAYS AGO. CAME ACROSS THIS SITE WHILST HUNTING A NEW BROKER.

PROS...

MONEY IS QUIT SAFE WITH THEM.

CONS...

UNSTABLE MT4 PLATFORM

TRADING STATION 2 IS OK BUT CRASHES FROM TIME TO TIME AND WILL NOT EXECUTE THE CORRECT LOT SIZE FROM TIME TO TIME.

SPREADS ARE WAY TO HIGH WHICH WAS THE REASON FOR MY DEPARTURE, I HAVE NEVER SEEN THE SPREAD GO LOWER THAN 2 PIPS AND ON AVERAGE ITS 3 PIPS AND SOMETIMES HIGHER, TOTALLY UNECCEPTABLE NOW IM A MORE ACCOMPLISHED TRADER AND REALISE THAT THEIR ARE BETTER BROKERS OUT THEIR, I THINK THEY LIKE TO ATTRACT NEW TRADERS WITH NOT MUCH IDEA TO TAKE ADVANTAGE OF THEIR LACK OF KNOWLEDGE ABOUT SPREADS AND HOW IT CAN BE A CRUCIAL TOOL. THE WAY I TRADE IS SALPING AND LONG TERM WHERE AS SCALPING IS MY BREAD AND BUTTER WHICH MEANS 3 PIPS SPREAD IS A KILLER AND MY LONG TERM TRADES WHICH ARE BETWEEN 1-2 TRADES A DAY WHERE THE SPREAD IS NOT SO IMPORTANT BUT IF YOU MISS THE START OF THE TRADE THEN A FEW SCALPS ON THE WAY UP OR DOWN MEANS SPREAD IS CRUCIAL FOR QUICK IN AND OUT TRADES.

I WOULD GO BACK TO THEM IF THEIR SPREADS CAME DOWN BUT I FEEL THIS WILL NEVER HAPPEN AS THEY SEEM QUIT GREEDY

  JC from USA.
Friday, December 31, 2010

It sounds a lot like most of the negative reviews are around trading times when even the pros tell you not to trade...high market volitility. If you're on the web with a lot of sudden traffic it gets slowed down and delays happen. I have been trading with FXCM for about 6 months and have never had a problem with their system. The only problem I face is myself. No responsibility means no learning. If you're trading irresponsibily you're not trading, you're gambling! Go to vegas and see how many people win at the slots! Good Luck with that.

  rizal aman from malaysia.
Saturday, December 4, 2010

I was introduced to fxcm by my friend . At first I was attracted to their advanced and beautiful platform. Then, I realized there was one way trade only. Deposit deposit deposit and no withdrawal. Always no connections and requotes. Stay away bro ! Now I am with two other brokers so far i am satisfied. Not as bad as fxcm !

  Aaron from Texas.
Monday, October 25, 2010

FXCM stinks. In their marketmaker platform you'll be requoted repeatedly on both ends of a transaction from a gain into a loss. In their "active trader" you'll encounter huge slippage with relative meager order size. So, it's all a question of how you want to give away your money to them. And in their forum, say anything negative (that is truthful) abou them & they'll remove the post & ban you. They're like the KGB. Avoid at all costs. You have been warned.

  pakrul from Malaysia.
Thursday, October 14, 2010

So far so good broker. Don't be greedy. Planning before trading. Take your time to learn. You will enjoy trade with them.

  Madhawa from Sri Lanka.
Saturday, July 17, 2010

They are good for me.

  Alfian from Malaysia.
Sunday, July 4, 2010

Trade Station II is the best platform fxcm offer to us.

But first all U guys need is knowledge and experience in FX business.

It takes time and hardwork and a lot of money.

Then U will gain your profit back and a lot more then U lost.

Just a matter of greed.

Don't luv ur money. luv ur planning and strategy.

FXCM is a good broker.

  sunny yeoh from malaysia.
Sunday, May 23, 2010

i found the connection with fxcm is terrible,wat's going on,i always fail to trade conveniently,i hate this,i have lost lots of opportunity and money during the selling processing,i earn this second and i sell it but the software is hanging,and i lost the next second..help!!!!!!!!!!!!!!any1 from malaysia who found this problem,i am pleased to share and to be shared with this,email me-sunny_ych91@htm.com

  Andrew Tan from Singapore.
Thursday, May 20, 2010

Today I can't open my platform and close my trade which made me lost USD$20,000.00 on a single trade. FXCM is not reliable and from what I heard the people say things about this broker, it is the truth. Last week I lost USD$5,000.00 because can't close my trade. They say will refund the money to me and I never hear from them again.

  linda from usa.
Monday, March 22, 2010

FXCM is terrible. I completely agree with Larry from Missouri. I've been with them for almost three years and their system went down three times (way too many), causing interruption to me and rest of the FXCM customers. I lost money this way several times. Just recently, they raised cost of the spread for micro account. I had standard account before but switched to micro to keep the spread cost lower. How can they just raise the cost whenever they feel like? I'm so upset! They are one of the biggest currency brokers out there but very highly unethical. It seems all they care about is making money for themselves and don't really care about their customers. Do not open your account with them because you will lose money. Also I read in their blog that people who wants to with draw their money from their account have difficulty getting back their money. It takes about a month before they receive check in the mail.

  Alam from Canada.
Wednesday, December 30, 2009

I have 4 accounts with them, Active trader account has execution problem, and its fine so far,, since it’s in New York I think my money is safe, If you think they cheat, or scam you can file a complaint to New York state department, They will love to hear from you, Winner never quite and quitter never win,

Visit FXCM website. 

Submit your review

To submit your own Forex Broker review for FXCM fill the form below. Your review will be checked by a moderator and published on this page.

By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties. Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. example@mailinator.com) will not be published. Please submit your normal e-mail address that can be used to contact you.

Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.

Attention! This is NOT a Broker's contact form. You CANNOT contact FXCM via it. The form below can only be used to post a review of this Broker.

required
required (will not be published)
only first and last digit will be published
Image Code (5 characters)
CAPTCHA 


© 2005—2014 EarnForex.com. Design — Mart Studio.
Do You Even Hedge, Bro?