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Broker Review

FXCM

Verified Broker

FCA · ASIC · FSCA | United Kingdom

FXCM — regulated broker. Score: 9.4/10.

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Editorial ScoreNot yet ratedReview in progressHow we score brokers
Founded2010
CEO—
Min. Deposit—
Fajar FebriansyahWritten by Fajar Febriansyah
Fajar Febriansyah

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 Alex Firdaus
Alex Firdaus

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 Karol Cempa
Karol Cempa

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 August 2026 · Our methodology

Broker Overview

Regulation
FCAASICFSCA
Account types
NDD
Platform
TSTrading StationMT4

Pros & 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

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User Reviews · 47

Trader-submitted reviews for FXCM

More Reviews
AI Review Summary

Across 47 trader reviews, FXCM holds 4.2 out of 5, rated great overall, with 23 reviews backed by verified proof. Reviewers most consistently highlight a solid platform and execution, fast, reliable payouts, and responsive customer support. A number of traders specifically mention the 10x Quest.

Rating Breakdown
536% · 17
457% · 27
34% · 2
22% · 1
10% · 0
4.2
47 reviews
JP
Jonas Papadopoulos VERIFIED TRADER
4.0Great2 months ago

No requotes, no slippage

Spreads on the majors are consistently tight and execution has been fast with no slippage during normal sessions.

TB
Tarek Braun VERIFIED TRADER
4.0Great2 months ago

Reliable withdrawals every time

Withdrawals are processed within a day or two and I have never had an issue getting my funds back to my bank.

JN
Jan Nikolić VERIFIED TRADER
5.0Excellent2 months ago

Low fees and quick execution

Support answered all my questions clearly and the deposit and withdrawal process is straightforward and fast.

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