FXCM Review 2025 Pros, Cons & How It Compares

FXCM Review 2025 Pros, Cons & How It Compares

With these factors, a forex trading platform will be able to provide successful trading services to all its clients across the globe. We can recommend FXCM highly to any new trader or traders who want to change their online broker. FXCM falls under top-tier government regulatory authorities such as FCA, ASIC, and FSCA. In addition to minimal trading costs, the broker offers multiple sophisticated trading platforms. FXCM also offers copy trading and social trading with useful premium addons like VPS service.

• We appreciate FXCM’s competitive spreads, lack of commissions, and low inactivity fees.
• FXCM clients also have access to a feature called Market Scanner that uses technical indicators to create buy and sell signals.
• With FXCM base currency availability, the USD, EUR, and GBP are available.
• Note that the regulated branches will not offer promotional schemes due to regulatory restrictions.
• On its Rate Card, FXCM indicates that rollover costs are subject to markups.

FXCM Deposit Fees Explained

Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card.

Trading Restrictions

Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before risking a live account. Commission-based pricing is applicable to Active Trader account types.3TradingView is currently available for clients residing in certain regions in the EU. TradingView Pro promotion is currently not available for clients residing in EU, UK and Australia.

FXCM Downloadable Tools

In general, FXCM does not charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, such as daily or weekly trading. You can start using the MetaTrader 4 platform with FXCM in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s.

Popular Forex Guides

FXCM is particularly well-known and popular among South African traders. Founded in 1999 in the United States, FXCM is one of the longest-standing brokers in the industry. The companies that make up the FXCM Group are regulated by multiple jurisdictions. However, traders are not permitted to trade from countries like Israel, the USA, Belgium, Canada, and Iran. Withdrawals on the platform do not incur any fees or hidden charges.

FXCM Review

• Moreover, the broker accepts both individuals and as well as institutions as clients.
• FXCM is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies.
• We tested communicating via FXCM support in a variety of languages across multiple countries.
• We recognize that well-informed decisions with FXCM are the cornerstone of successful trading.
• We use dedicated people and clever technology to safeguard our platform.
• Get a quick snapshot of the market through the brokers propriety Speculative Sentiment Index (SSI), and more.

This includes markets in the US, EU nations, China, Hong Kong, Japan, and Australia all with competitively low spreads attached. Micro contracts are also available which can be suitable for lower budgets and margin requirements. The overnight fee, as with every broker, is the fee that you incur if holding a position overnight. This fxcm review is charged by FXCM at the closing hour of the market and since they are a CFDs broker, this fee is applied to every asset.

Trading Hours

Our research led us to highly recommend FXCM for those interested in forex and CFD trading due to its advanced platform offerings and favorable overall experience. It is especially suited for investors interested in algorithmic trading. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.

FXCM charges an inactivity fee of $50 after 12 consecutive months of account dormancy. If you plan on taking a break from trading and would rather avoid this charge, then you might want to take a look at Swissquote instead. Forex Capital Markets Limited (“FXCM LTD”) is the brand name of the FXCM group of companies or FXCM Group.

The inactivity fee is just $50 (or 50 of the base currency, except JPY 5,000) or your remaining balance. FXCM does reserve the right to charge rolling spot foreign exchange commissions, as outlined in its Rate Card. These amount to $4 per 100,000 trade per side when the accounts are in the base currency of USD.