Is FXCM Broker a Scam? | FXCM Broker Review (Updated 2022) - BrokersView
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FXCM is a leading online forex trading and CFD broker. Sign up for a risk-free demo account and trade forex 24/5.
57 Reviews

Founded: 1999 Min deposit: 50 USD

Headquarters: London, United Kingdom Max Lev: 1 : 400

Contact

+44 2073984050

info@fxcmmarkets.com

https://www.fxcm.com

8.2 Business Scope

Trading instrument and serviced countries

8.1 Trading Cost

Spread and commission

7.5 Trading Platforms

Trading software and multi-end trading

7.9 Customer Support

Customer support and value-added services

Good Reputation
Multilingual Support
Good Customer Service
Fast Order Execution
Market Execution
Multi-regulation
Strict Regulation
Multiple Trading Instruments
Islamic Account
Low Minimum Deposit
Bernhard Krebs
Nov 24, 2020
The broker's trading platform is easy to understand and its customer support is helful.It has the best software in the trading world.
mannan
Feb 05, 2021
Do not use their Mt4 platform for live trading. It is unstable.
FXEnjoyment
Dec 12, 2020
I have been trading with FXCM for nearly 6 months and think they are an excellent broker. Their offer tight spreads and fast execution. I have been impressed by the quality of service I have received so far.
Mbulelo Trevor Tshabalala
Oct 19, 2020
Customer support is quite good and helpful,deposit and withdrawal are very fast.But they have minor problems with entry set and sometimes have slippage.Hope it can be improved.
Licence Status

operate with both strict & offshore licenses

Is FXCM Broker a Scam? | FXCM Broker Review (Updated 2022) - BrokersView
CySEC 392/20
Is FXCM Broker a Scam? | FXCM Broker Review (Updated 2022) - BrokersView
FCA 217689
Foreign exchange, precious metals, stock index futures, foreign exchange dealers,FXCM,fxcm.com
ASIC 309763
Account & Cost Deposit & Withdrawal Company & Service Broker News Related Q&A Reviews

Deposit and Withdrawal

8.0

Very Good

fast deposit

Features

Fast Deposit Low Minimum Deposit

See more
See more

Company and Service

8.8

Very Good

Multi-language and many branch offices

Features

Multilingual Support Quick Response Good Reputation

Profile
Headquarters Address
20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom
Founded 1999
Broker Type
MM/DD
Time Zone GMT
Credit Profile No information
Trading Platforms
MT4
Mac,  Windows,  iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
Arabic,  Chinese(Simplified),  Chinese(Traditional),  Dutch,  English,  French,  Greek,  Hebrew,  Indonesian,  Italian,  Malay,  Portuguese,  Spanish,  Tagalog,  Vietnamese
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  Youtube,  SMS message,  RSS Feed
Supported Language
Arabic,  Chinese(Simplified),  Chinese(Traditional),  Dutch,  English,  French,  Greek,  Hebrew,  Indonesian,  Italian,  Malay,  Portuguese,  Spanish,  Tagalog,  Vietnamese

Broker News

Michel Chabbouh Moves from FXCM to Zenfinex as CEO MENA Feb 16, 2022
The FCA licensed FX and CFDs broker Zenfinex has hired Michel Chabbouh as the company's CEO MENA. In his new position, Chabbouh will head the company's UAE based operations.
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$99.5M Max Loss Exposure due to FXCM Involvement, Jefferies Says Feb 07, 2022
Investment bank, financial services provider, Jefferies Financial Group Inc, has filed its annual report for the year to end-November 2021 with the Securities and Exchange Commission (SEC), offering an update on Jefferies'involvement with FXCM Group LLC (FXCM).
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FXCM, ThinkMarkets, Exness and other 4 Companies are Hiring Now Dec 03, 2021
In FX, CFD and fintech industries, FXCM, ThinkMarkets, Exness and other 4 companies have announced hiring plans this week. Let us look at what jobs they're offering and what are the responsibilities.
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Related Q&A

I am wondering if FXCM is a good broker to deal with? If so, do them accept Islamic customer?

Ponnu
Thailand
Oct 29, 2021
FXCM Group of companies are authorised and licensed by several reputable regulators, including the UK's Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and Australian Securities & Investment Commission (ASIC). And for your stuation, Islamic residents are allowed to open an account in this broker. For more details about this broker you can check our full FXCM review. As a licensed broker under strict regulations from FCA, CySEC and ASIC, FXCM is required to follow a series of rigorous rules and obligations, therefore operating in a relatively credible and transparent way with a secure trading environment. Hence, FXCM is considered to be a reliable broker by comparison with unregulated and weak-regulated brokers.
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I want to start trading with FXCM, is there a guarantee that my money will be safe with FXCM?

LucyGeorge
Philippines
Mar 15, 2022
FXCM Group of companies is authorised and licensed by several reputable regulators, including the UK's Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and Australian Securities & Investment Commission (ASIC). For more details of this broker, you can check our full FXCM review. According to the laws and obligations enacted by the above regulators, FXCM should keep investors' funds in a segregated account. Besides, investors will get compensation in case of corporate insolvency. 
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Overall Score

57 Reviews

Cost 8.1

Platforms 7.5

Deposit & Withdrawal 8.0

Customer Support 7.9

Indicates the average level of Brokers

Keywords for selection
Low Spreads Low Swap Fee Deposit/Withdrawal Problems Fast Execution Do Not Recommend Recommend Reliable & Reputable Satisified Unstable Server Connection Good/Professional Customer Support

57 reviews

Sort by

FXEnjoyment

Dec 12, 2020 0-6 months Standard Account
I have been trading with FXCM for nearly 6 months and think they are an excellent broker. Their offer tight spreads and fast execution. I have been impressed by the quality of service I have received so far.
Morocco
Helpful
Not Helpful

Mbulelo Trevor Tshabalala

Oct 19, 2020 0-6 months Standard Account
Customer support is quite good and helpful,deposit and withdrawal are very fast.But they have minor problems with entry set and sometimes have slippage.Hope it can be improved.
Slovakia
Helpful
Not Helpful

mannan

Feb 05, 2021 0-6 months Standard Account
Do not use their Mt4 platform for live trading. It is unstable.
Poland
Helpful
Not Helpful

Bernhard Krebs

Nov 24, 2020 0-6 months Standard Account
The broker's trading platform is easy to understand and its customer support is helful.It has the best software in the trading world.
Thailand
Helpful
Not Helpful

Sunday

Dec 28, 2020 Not used yet
I was a new trader and was looking around for a good broker.After doing some research and analysis,I decided to choose FXCM. After I gained some experience I still feel FXCM is the best to use.It is is properly regulated and absolutely safe and trustworthy.Besides they are well known and stable.They have everithing a trader needs.
Latvia
Helpful
Not Helpful

Mike N

Dec 27, 2020 0-6 months Standard Account
Excellent broker.The operation is very convenient, I like it very much.
Australia
Helpful
Not Helpful

Abdur Rahman

Nov 19, 2020 0-6 months Standard Account
FXCM has no problem, they can meet my withdrawal request in the shortest working day.
Finland
Helpful
Not Helpful

WASAY

Apr 21, 2022 1-3 years Standard Account
I've been trading real money with this broker for over a year. I've had absolutely no problems, whatsoever. I was initially skeptical about opening an account with FXCM because I had read so many negative reviews about them. However, I found that virtually ALL brokers had negative reviews - stories from disgruntled novice traders that lost money and blamed the broker.After actively trading for a year, I'm convinced that most disgruntled traders lost money due to their own lack of experience in trading strategy and experience. It has little to do with the broker or the trading platform. With a good strategy and sound money management, those same traders would be singing the praises of whatever broker they were with.
Nigeria
Helpful
Not Helpful

Abdul Quddus Chowdhury

Apr 10, 2022 1-3 years Standard Account
FXCM is well-known in the Forex market,and has a huge amount of credibility. It is one of the best brokers you can find among others.Many bad reviews are for paid or just due to investors' dissatisfaction with losing money.Don not believe that! FXCM is regulated and always was a reliable broker.
Argentina
Helpful
Not Helpful

Bless

Apr 05, 2022 0-6 months Standard Account
This is site is very slow to respond to email and service seams very one sided at times, service may be good 9 times but it is the tenth time that hurts you
Philippines
Helpful
Not Helpful

1 - 10 of 57 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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