FXCM Account Types: List & Characteristics (2023)

filippo ucchino Filippo Ucchino calendar Last Updated: December 2022 timer 5 Min Read

FXCM offers a good number of account types:

  • FXCM Demo account
  • FXCM standard account
  • FXCM Active Trader account
  • FXCM Spread Betting account
  • FXCM professional account
  • FXCM Islamic account
Table of Content

FXCM account types: Full list and features

According to the FXCM (71% of retail CFD accounts lose money) branch you’re trading with you may notice some variations in available features and assets. Leverage for retail clients in Europe, UK, and Australia is capped at 1:30.

FXCM standard account: Best for casual traders

  • Availability: Under CySEC, FCA, ASIC, FSCA.
  • Markets: Forex, forex baskets, commodities, indices, stocks, stock baskets, cryptocurrencies (100+ assets in total).
  • Commissions: Floating spread from 1.3 pips on forex with no other commissions. A Rollover fee will be charged on positions held open overnight.
  • Platforms: MT4, Trading Station, TradingView, NinjaTrader, Capitalise AI.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:30.
  • Account opening: Demo account is unlimited while the minimum deposit for the live account is $50 (ASIC, FSCA), or $300 (CySEC, FCA).

FXCM Active Trader account: Best for high-volume traders

  • Availability: Under CySEC, FCA, ASIC, FSCA.
  • Markets: Forex, forex baskets, commodities, indices, stocks, stock baskets, cryptocurrencies (100+ assets in total).
  • Commissions: Spread starts from 1.3 pips; rollover fees on open positions for consecutive days.
  • Platforms: MT4, Trading Station, TradingView, NinjaTrader, Capitalise AI.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:30.
  • Special features: Dedicated support, up to 2 free withdrawals per month, expedited processing times, rebate pricing (ASIC only).
  • Account opening: You can first try a demo for as long as you want; a live account needs a minimum deposit of $50 (ASIC, FSCA), and $300 (CySEC, FCA).

FXCM Spread Betting account: Best for UK traders

  • Availability: Under FCA.
  • Markets: Forex, commodities, shares, indices (100+ assets in total).
  • Commissions: The spreads starting point is 1.3 pips.
  • Platforms: MT4, Trading Station, TradingView, NinjaTrader, Capitalise AI.
  • Trade size: You can place bets from 7p per point.
  • Leverage: Up to 1:30.
  • Account opening: There is an unlimited demo; live accounts come with a $300 minimum deposit requirement.

FXCM professional account: Best for expert traders

  • Availability: Under CySEC, FCA, ASIC.
  • Markets: Forex, forex baskets, commodities, indices, stocks, stock baskets, and cryptocurrencies (100+ assets in total).
  • Commissions:3 pips is the minimum spread; you will be charged rollover fees.
  • Platforms: MT4, Trading Station, TradingView, NinjaTrader, Capitalise AI.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:200.
  • Special features: Cash rebate program (ASIC only).
  • Account opening: You must satisfy certain conditions to be eligible; the minimum deposit ranges from $50 (ASIC, FSCA) to $300 (CySEC, FCA). When opening an FXCM professional account, negative balance protection no longer applies.

FXCM Islamic account: Best for Muslim traders

  • Availability: Under CySEC, FCA, ASIC, FSCA.
  • Markets: Forex, forex baskets, commodities, indices, stocks, stock baskets (100+ assets in total).
  • Commissions: Floating spreads start from 1.3 pips, but since there are no rollover fees, FXCM may apply an additional mark-up from 0.4 pips.
  • Platforms: MT4, Trading Station, TradingView, NinjaTrader, Capitalise AI.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:30.
  • Special features: No rollover fee applies here.
  • Account opening: Unlimited demo to test the account; according to your area, the minimum deposit for a live account differs as it is $50 (ASIC, FSCA), or $300 (CySEC, FCA).

What happens to inactive FXCM trading accounts?

An FXCM trading account is considered inactive after no trading activity in a 12 month period. A fee of up to $50 is charged to inactive accounts every 12 months.

If your balance falls to zero and maintains a zero balance for six consecutive months, FXCM has the right to close your trading account.

Once your account is closed you can only open a new one. However, if you log in and place a trade you won’t be charged the inactivity fee.

To learn more, read our FXCM review.

InvestinGoal is acting in a capacity of a marketing affiliate of FXCM EU LTD.


About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Better Informed

Find and Compare The Best
Online Broker For You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2023 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap