Broker Review

FXCM

Verified Broker

FXCM — regulated broker. Score: 9.4/10.

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Editorial Score9.4/10ExcellentHow we score brokers

Founded2010

CEO—

Min. Deposit—

Written by Fajar Febriansyah

Edited by Alex Firdaus

Fact checked by Karol Cempa

Updated September 2026 · Our methodology

Broker Overview

Regulation

FCAASICFSCA

Account types

NDD

Platform

TSTrading Station

MT4

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

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.

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.

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.

Ready to trade with FXCM?

Editorial score 9.4/10 · CFDs carry a high risk of losing money.

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