FXCM provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers.
Available accounts include the Standard Account (ideal for casual traders), the Active Trader Account (ideal for high-volume traders), the Spread Betting Account (exclusive to UK traders), and the Islamic Account (swap-free for Muslim traders). Advanced traders and money managers can access the Professional Account, which offers higher leverage, lower margin requirements and additional benefits.
Each FXCM account type has distinct pricing models and offers platform compatibility across MT4, Trading Station, TradingView and Capitalise AI.
The availability of the FXCM account types is subject to Regulatory compliance, trader expertise, and regional restrictions.
What types of trading accounts are available at FXCM?
The FXCM account types are listed below.
- FXCM Demo account
- FXCM standard account
- FXCM Active Trader account
- FXCM Spread Betting account
- FXCM professional account
- FXCM Islamic account
FXCM Standard Account: Best for casual traders
The FXCM Standard Account is designed for casual traders. It offers access to over 100 assets, such as forex, commodities, indices, stocks, and cryptocurrencies. The account features floating spreads starting from 1.3 pips on forex, with no additional commissions.
The features of the FXCM Standard Account are listed below.
- 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, 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
The FXCM Active Trader Account is tailored for high-volume traders. This account offers benefits such as dedicated support, up to two free withdrawals per month, expedited processing times, and rebate pricing.
The features of the FXCM Active Trader Account are listed below.
- 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, 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
The FXCM Spread Betting Account is intended for UK traders interested in spread betting. It allows trading on more than 100 assets, such as forex, commodities, shares, and indices. Spreads start from 1.3 pips, and trades can be placed from as little as 7 pence per point.
The features of the FXCM Spread Betting Account are listed below.
- 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, 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
The FXCM Professional Account is suitable for expert traders who meet specific eligibility criteria. It offers access to over 100 assets, such as forex, commodities, indices, stocks, and cryptocurrencies. This account provides higher leverage of up to 1:200 and may include a cash rebate program.
The features of the FXCM Professional Account are listed below.
- 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, 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
The FXCM Islamic Account is designed for Muslim traders seeking Sharia-compliant trading options. It provides access to over 100 assets, such as forex, commodities, indices, stocks, and cryptocurrencies. This account features floating spreads starting from 1.3 pips and does not incur rollover fees.
The features of the FXCM Islamic Account are listed below.
- 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, 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 $300 (CySEC, FCA).
How to compare the FXCM trading accounts?
The table to compare the FXCM trading accounts is shown below.
| FXCM Account Types | Minimum Deposit ($) | Minimum Spread (pips) | Volume-based Commissions | Overnight Fees | Minimum Trade Size (lots) |
|---|---|---|---|---|---|
| FXCM Standard Account | $50 (ASIC, FSCA) / $300 (CySEC, FCA) | 1.3 | None | Yes | 0.01 (1 micro lot) |
| FXCM Active Trader Account | $50 (ASIC, FSCA) / $300 (CySEC, FCA) | 1.3 | None | Yes | 0.01 (1 micro lot) |
| FXCM Spread Betting Account | $300 | 1.3 | None | Yes | 7p per point |
| FXCM Professional Account | $50 (ASIC, FSCA) / $300 (CySEC, FCA) | 3.0 | None | Yes | 0.01 (1 micro lot) |
| FXCM Islamic Account | $50 (ASIC, FSCA) / $300 (CySEC, FCA) | 1.3 | None | No | 0.01 (1 micro lot) |
What are the requirements to open a FXCM account type?
The requirements to open a FXCM account are listed below.
- Contact requirements: The contact requirements of FXCM include a valid email address and a valid phone number
- Age requirements: The age requirement at FXCM is that you must be over 18 years old to open an account
- Legal requirements: The legal requirements at FXCM include complying with KYC laws by verifying your identity with documents such as a passport or utility bill.
- Minimum deposit requirements: FXCM minimum deposit to activate a live trading account is $50
- Regulatory requirements: The regulatory requirements at FXCM stipulate that you must be a resident in a country where the broker operates
- Knowledge requirements: The knowledge requirements at FXCM include answering questions about your trading experience and financial knowledge before accessing complex financial products.
Do FXCM account types charge inactivity fees?
Yes, FXCM account types charge inactivity fees when an account remains dormant for a certain period. 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.
FXCM considers an account inactive if no trading activity occurs for 12 months. Once this period passes, the broker deducts an inactivity fee from the remaining balance. 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.
Demo accounts at FXCM do not incur inactivity charges in any case. These accounts serve as trial platforms with virtual funds, allowing traders to practice without financial risk. Abandoning a demo account does not result in FXCM fees since users do not owe any money to the broker.
To learn more, read our FXCM review.
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