Min. Deposit
$0
FXCM
✓MTR verifiedNDDFCA | ASIC | FSCATier-1Australia | Founded: ~2010-2020
9.4 /10
Editorial score
Max Leverage
1:400
Regulation
Tier-1
FCA, ASIC, FSCA
Broker Type
NDD
Copy Trading
—
Founded
~2010-2020
Spreads From
0.3 Pips
Withdrawal Time
—
Instruments
600+
Demo Account
—
Platform
Trading StationMT4
Payment Methods
—
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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Detailed Review Coming Soon
Our editorial team is currently evaluating FXCM to bring you a comprehensive long-form review.