FXCM

Item: FXCM
Rating: 9.401
Author: MyTradingReviews

MTR verified

Tier-1 | FCA · ASIC · FSCA | United Kingdom

9.4/10

Editorial score

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Fajar FebriansyahWritten by

Written by

Fajar Febriansyah

Broker Research • Writing • SEO

Fajar is Head of Copywriting at FinMedia Group. He researches and writes the broker reviews on MyTradingReviews, turning complex trading conditions into clear, usable guidance.

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Alex FirdausEdited by

Edited by

Alex Firdaus

Editorial • Clarity • Content Strategy

Alex is Head of Media at FinMedia Group, overseeing editorial across MyTradingReviews. He edits every review for accuracy, structure, and plain language.

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Karol CempaFact checked by

Fact checked by

Karol Cempa

Industry Experience • Operations • Editorial Oversight

Karol is the founder and CEO of FinMedia Group. He began his career inside the brokerage industry and now leads MyTradingReviews’ editorial direction and final review.

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Updated June 2026 · Our methodology

Read What Real Traders Say

141 verified user reviews — community feedback, separate from our expert verdict.

4.3/5

User score

FXCM in a nutshell

Min. depositN/A

Spreads from0.3 pips

Max leverage1:400

RegulationTier-1FCA, ASIC, FSCA

Instruments600+

Withdrawal timeNot disclosed

FXCM Pros and Cons

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

Independent editorial review

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Broker TypeNDD

Founded~2010-2020

Copy Trading—

Demo Account—

PlatformsTrading Station, MT4

Payment Methods—