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FXMARE editorial rating, not user reviews.
FXCM is a veteran forex broker (est. 1999) regulated by FCA, ASIC, and CySEC, offering its own Trading Station platform alongside MT4, with competitive Active Trader pricing but a chequered US regulatory history.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
FXCM is a veteran forex broker (est. 1999) regulated by FCA, ASIC, and CySEC, offering its own Trading Station platform alongside MT4, with competitive Active Trader pricing but a chequered US regulatory history.
FXCM is regulated by FCA (UK), ASIC (Australia), CySEC (Cyprus/EU), FSCA (South Africa), ISA (Israel). Independently verifiable licences include FCA (UK) — Stratos Markets Limited, FRN 217689; CySEC (Cyprus) — Stratos Europe Limited, licence 392/20; ASIC (Australia) — Stratos Trading Pty. Limited, AFSL 309763. Regulatory coverage is solid, though some entities operate under lighter offshore licences — check which one you are onboarded to.
EUR/USD spreads start around 0.3 pips on the raw/ECN account (about 1.3 pips on the standard, commission-free account), with ~$5–$10 per 100K (Active Trader, volume-tiered; standard account is spread-only) commission. The minimum deposit is $50 (credit/debit card); no stated minimum for bank wire and maximum retail leverage is 1:30 (UK/EU/AU retail); up to 1:400 for offshore/professional clients. Swap-free (Islamic) trading is offered conditionally — Available on request (form-based application). No overnight swap charged, but FXCM substitutes a fixed daily markup — approximately 0.4 pips or ~$4 per standard lot per day held open. Application requires documentation; available under FCA, ASIC, CySEC, and FSCA entities..
Platforms include Trading Station, MT4, TradingView. FXCM provides ~440 symbols (46 forex pairs, 150+ share CFDs, 14 indices, commodities, crypto, treasuries, stock baskets) across Forex, funded via Bank wire, Visa/Mastercard credit/debit card, Skrill, NETELLER, Google Pay.
FXCM is a well-established broker with genuine tier-1 regulatory coverage (FCA, ASIC, CySEC) and a mature, feature-rich proprietary platform that excels for algorithmic and active traders. However, its 2017 CFTC enforcement action — a $7M fine and permanent US market ban for misrepresenting its execution model — is a material mark against its trust record that prospective clients should weigh carefully. The standard EUR/USD spread of ~1.3 pips is not the tightest in the industry, and the absence of MT5 narrows its appeal; the Active Trader account offers better pricing but requires meaningful monthly volumes to benefit.
Headquarters: London, UK (operational HQ; originally founded in New York) · Funding: Bank wire, Visa/Mastercard credit/debit card, Skrill, NETELLER, Google Pay
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
FXCM is authorised by FCA (UK), ASIC (Australia), CySEC (Cyprus/EU), FSCA (South Africa), ISA (Israel). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Available on desktop, web and mobile. Tradable across Forex. Track every position you take with FXCM in the FXMARE trading journal.
FXCM is a well-established broker with genuine tier-1 regulatory coverage (FCA, ASIC, CySEC) and a mature, feature-rich proprietary platform that excels for algorithmic and active traders. However, its 2017 CFTC enforcement action — a $7M fine and permanent US market ban for misrepresenting its execution model — is a material mark against its trust record that prospective clients should weigh carefully. The standard EUR/USD spread of ~1.3 pips is not the tightest in the industry, and the absence of MT5 narrows its appeal; the Active Trader account offers better pricing but requires meaningful monthly volumes to benefit.
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FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of FXCM. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.
