FXCM

MTR verified

FCA · ASIC · FSCA | United Kingdom

9.4/10

Editorial score

Visit Broker

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.

Learn about our methodology

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.

Learn about our methodology

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.

Learn about our methodology

Updated July 2026 · Our methodology

Read What Real Traders Say

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

4.2/5

User score

FXCM in a nutshell

Min. depositN/A

Spreads from0.3 pips

Max leverage1:400

RegulationFCA, 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

Visit FXCM

Broker TypeNDD

Founded2010

Copy Trading—

Demo Account—

PlatformsTrading Station, MT4

Payment Methods—