Open an Account

Step 1

To get started select your account type, complete the form on the right, and then click Begin Application.

Compare Account Types

  • The Mini Account is ideal for new traders with trading costs all within the spread.
  • The Standard Account offers ECN Style Low Commission pricing similar to stocks.
  • Reduced commissions are available to high-volume traders.

Step 2

You will then be redirected to a secure website. Fill out the application.

FXCM Account Application

Step 3

You will be provided with a username and password upon completeing the application. Log in to the myfxcm client portal, deposit funds, and start trading.

Learn about Supporting documentation

Are you looking for reduced pricing?

FXCM's Active Trader Program rewards our high-volume traders with even lower FLAT commissions. Learn More

FXCM LLC will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.

Notice: This product summary should be read in conjunction with our Terms of Business. While every effort has been made to ensure the accuracy of this guide, this information is subject to change, often without notice, and therefore is for guidance only. If you ever have any questions please contact FXCM directly.

Customers should consider many factors when deciding which execution type best suits their needs (e.g., conflict of interest, trading style or strategy, etc.).

Risk Warning: Trading foreign exchange on margin carries a high risk to your capital. You may win or lose many times your original stake. Only trade with money you can afford to lose. Make sure you fully understand the risks involved and take advice if necessary. Foreign exchange trading may not be suitable for all customers.

1 Execution: FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex on FXCM's dealing desk and No Dealing Desk (NDD) execution models. With NDD, FXCM's platforms display the best-available direct bid and ask prices from the liquidity providers. In some circumstances, FXCM may add a markup to NDD spreads, based on account type. In addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. With dealing desk execution, FXCM can act as the dealer on any or all currency pairs. Backup liquidity providers fill in when FXCM does not act as the dealer. FXCM’s dealing desk has fewer liquidity providers than NDD. There are many other factors to consider when choosing an execution model (such as conflict of interest, trading style or strategy). See Execution Risks. Note: Contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC, which, in turn, provides technology and pricing to the group affiliate entities.

FXCM offers many different platforms to suit your trading needs. FXCM recommends our Flagship Trading Station platform for most traders. Compare Platforms

Compare FXCM Account Types

While all traders have access to FXCM's 24/7 Live Support and online education materials, we introduced the Mini, Standard and Active Trader account service levels to cater to your individual needs.

Mini Standard Active Trader
Balance $50 - $20,000 $2,000 - Unlimited $25,000 or higher
FX Lot Size 1,000 1,000 1,000
Forex Pairs 18 40 40
Pricing & Execution
Spreads All Inclusive Low Spreads + Commission Up to 60% Off Typical Cost1
Execution Dealing Desk No Dealing Desk No Dealing Desk
Restrictions Price arbitrage strategies are prohibited.2 None None
Trading Platforms
MetaTrader 4
Trading Station
Mirror Trader
NinjaTrader
ZuluTrade
Trading Services
24/7 Live Support
DailyFX PLUS
FXCM Apps/Programming Credit3 2% 2%
Free VPS Service
Relationship Manager
Dedicated Service Team
Free Bank Wires4
FIX API Connection
Account Types
Individual/Joint
Trust/IRA5
Corporate/Partnership5
Custodial6

1 Discounted trading commissions are available to individuals who deposit at leat $150,000 or trade at least 50 million units of currency each month.

2 Mini Accounts: Mini accounts offer 18 currency pairs and default to dealing desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilizing prohibited strategies or with equity surpassing 20,000 CCY may be switched to No Dealing Desk execution. See Execution Risks.

3 Credit available toward FXCM-developed apps.

4 Two free bank wires per month.

5 The minimum deposit to open a corporate, trust, partnership, IRA, LLC or superannuation account is 10,000 CCY.

6The minimum deposit to open a custodial account is 250,000 CCY.

Execution: FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex on FXCM's dealing desk and No Dealing Desk (NDD) execution models. With NDD, FXCM's platforms display the best-available direct bid and ask prices from the liquidity providers. In some circumstances, FXCM may add a markup to NDD spreads, based on account type. In addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. With dealing desk execution, FXCM can act as the dealer on any or all currency pairs. Backup liquidity providers fill in when FXCM does not act as the dealer. FXCM’s dealing desk has fewer liquidity providers than NDD. There are many other factors to consider when choosing an execution model (such as conflict of interest, trading style or strategy). See Execution Risks. Note: Contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC, which, in turn, provides technology and pricing to the group affiliate entities.

An Individual account gives access to one client. All FXCM joint accounts will be registered as Joint Tenancy with Right of Survivorship (JTWROS). This means that account proceeds may be paid or delivered to either joint account holder during the lifetime of both or to the survivor after the death of one of them. Please see the Client Agreement for more information. Our business accounts (Corporate, Partnership, Trust and LLC) allow for multiple users and require additional legal documentation during the application process. Additional users must complete an application. Business accounts require a minimum deposit of $10,000.