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FXCM

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8.0
(171 Reviews)

Founded: 1999 Min Deposit: 50 USD

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

Risk Level I

Warned by the Malaysia SC for carrying on unlicensed activities.

Score
Business Scope
8.2
Trading Cost
7.5
Trading Platforms
7.3
Support
7.1
Licence Status

operate with both strict & offshore licenses

FCA 217689
ASIC 309763
CySEC 392/20
Authorised
Authorised
Authorised
Contact
+44 2073984050
info@fxcmmarkets.com
https://www.fxcm.com
Good Reputation
Multilingual Support
Good Customer Service
Fast Order Execution
Market Execution
Multi-regulation
Strict Regulation
Multiple Trading Instruments
Islamic Account
Low Minimum Deposit
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

FXCM UK Reports $2.5 Million Net Loss for 2023 2024-10-17
In 2023, the company's turnover turned to a loss of $1.7 million from 2022's $10.7 million.
FXCM Cyprus Appoints Constantina Konia as Compliance Officer 2024-02-06
Constantina Konia will serve as FXCM Cyprus Compliance Officer/Anti-Money Laundering Compliance Officer.
FXCM's New Sister Trading Platform Tradu Announces Vice President and Group CFO Appointments 2023-11-24
Bobby Nachev has assumed the role of Vice President at Tradu, and Maryke Faulkner is the platform’s Group CFO now.

Deposit and Withdrawal

7.0

Good

fast deposit

Features

Fast Deposit
Low Minimum Deposit

See more
See more

Company and Service

7.6

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

Related Complaints

Q&A Complaints

Does FXCM allow scalping?

Vlado Shah
Peru
2023-09-27
ANSWER Yes, FXCM does allow scalping. FXCM welcomes scalping strategies because of its No Dealing Desk (NDD) forex execution. You can open and close trades in any amount of time, even if you want to close the trade seconds after opening it.For more details, you can contact their customer support team.
See more

How's the FXCM bonus?

Cas
Canada
2024-08-21
ANSWER Dear Investor,FXCM's bonuses vary based on the initial deposit amount and the time of deposit after account activation. For details, please visit their Promotions page. It's recommended to contact their customer service to ensure you get the most accurate and up-to-date information.
See more

Overall Score

8.0
171 Reviews

Cost 7.5

Platforms 7.3

Deposit & Withdrawal 7.0

Customer Support 7.1

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

171 Reviews Clear filter

Sort by
Emmanuel Ellis
7-12 months Georgia
The trading platform/website is globally great but what's standing out is the amazing customer service and support through the chat.It's easy and suick to speak to an agent and every time they solve the issues and do their best to accomodate me asap.Really appreciated and I will probably stick to FXCM for a while.
2025-05-26
Reply
Vladyslav Abu El-Ezz
Over 3 years United Kingdom
After 15 years of trading with FXCM, they suddenly closed my account without giving a reason, It coincided with a successful trade
2025-01-17
Reply
Miryeong Granville
0-6 months Kuwait
I received the best assistance and great help to take me though setting up and verify MyFXCM New Account and i am excited to start my new journey trading on this platform! Thank you to the moon Mr Feras Eid! I appreciate your help god bless
2024-12-27
Reply
Mavendo Ninjago
0-6 months Malaysia
I lost my money and now when I try to login they said abnormal account. The Support Team is slow, usually unresponsive.
2024-11-08
Reply
Oleg Mishyn
1-3 years Malta
If someone asks me what is the best trading platform in the world my answer would be FXCM's standard and micro platforms!
2024-10-31
Reply
karma
Over 3 years Australia
Good platform, fast requote and withdrawal.
2024-10-12
Reply
Mich K
1-3 years Bahamas
You're nuts. The more you know about a broker the better it is. Then you won't lose any money. The FXCM review taught me a lot.
2024-09-24
Reply
Jack Dunk
7-12 months Germany
I love FXCM. I invested about $5,000 and now I have about $50,000. My friends say to quit while I’m ahead but that was so much fun I don’t think I can. OMG, I could make so much more money. Can you imagine if I did that with 1:500 or 1:1000 leverage???
2024-09-13
Reply
Amin Sadaf
7-12 months Egypt
I have not faced any trouble with FXCM , their support is very good and reliable. Most traders care about the withdrawal, which I found they are very fast with. However, they have small problems which are the entry set and the slippage, when I set stop SELL or BUY some time it does not take it from the entry that I want. Also , they have slippage problem, I was trading with other broker and I noticed my SL hit on FXCM and it did not on the other broker.
2024-09-04
Reply
tjp thetrader
WHICH BROKER WERE YOU TRADING WITH THAT DID NOT HIT YOUR STOP LOSS?
2024-12-16
Reply
Berson
7-12 months Balitmore
I use the FXCM trading station 2, it performs well at first everything in place, then came the slippage, I place a stop loss of 20 pips but because of what they call "Slippage" they made me lose 40+ pips tell me what's the use of a stop loss if the system can't follow your setting and can overide it? now is that safe trading?Here's another I placed my sell order on AUD/USD 1.02302 the currency dropped to 1.01739 I was suppose to earn 30 pips on this, since my net limit is set to 30 but because of the "slippage" they entered my sell order on 1.01918 I almost lost the trade luckily I took it off the time it reached 5 pips, now as a trader do you want to use this as your broker?
2024-09-02
Reply

1-10 of 171 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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.