Open an Account

Step 1

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

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.

Compare Account Types

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: When trading Forex on both FXCM's Dealing Desk and No Dealing Desk (NDD) execution models, FXCM is the final counterparty to these transactions. In both execution models FXCM aggregates the bid and ask prices from a pool of liquidity providers. With NDD execution, the quotes that are displayed on FXCM's platforms are the best available direct bid and ask quotes received from liquidity provides. In some circumstances, depending on account type, a markup will be added to the spread. Aside from the spread between bid and ask prices, with NDD execution, the only trading cost is a fixed lot-based commission applied by FXCM at both the open and close of the trade. On the Dealing Desk execution model FXCM can act as the dealer on some or all currency pairs. There are also back up liquidity providers that fill in whenever FXCM does not act as the dealer. Please note that FXCM's Dealing Desk employs fewer liquidity providers than the No Dealing Desk execution option.

For more information, see our Execution Risks. Please note that contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC. Forex Capital Markets, LLC maintains agreements with multiple price providers and in turn provides technology and pricing to the group affiliate entities.

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

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 Spreads
Execution Dealing Desk1 No Dealing Desk No Dealing Desk
Restrictions Certain restrictions apply. See FXCM's Business Terms. None None
Trading Platforms
MetaTrader 4
Trading Station
Mirror Trader
NinjaTrader
ZuluTrade
Trading Services
24/7 Live Support
DailyFX PLUS
Free VPS Service
Relationship Manager
Dedicated Service Team
Free Bank Wires2
FIX API Connection
FXCM Apps/Programming Credit3 $600
Account Types
Individual/Joint
Trust/IRA4
Corporate/Partnership4
Custodial4

Private Client Group:
Private Client Group is only available to select institutions and individuals that trade 50 million notional per month or deposit $250,000. Private Client Group clients have access to additional services and custom commission settings. Contact us for more information on how FXCM’s Private Client Group can help you reach your complex financial goals. Call us to see if Private Client Group is right for you: +1-646-432-2970.

1 We reserve the right to transfer a client from Dealing Desk to No Dealing Desk in our absolute discretion.

2 Two free bank wires per month.

3 Credit available toward FXCM-developed apps.

4 The minimum deposit to open a corporate, trust, partnership, IRA, LLC or superannuation account is 10,000 CCY. The minimum deposit to open a custodial account is 250,000 CCY.

Execution: When trading Forex on both FXCM's Dealing Desk and No Dealing Desk (NDD) execution models, FXCM is the final counterparty to these transactions. In both execution models FXCM aggregates the bid and ask prices from a pool of liquidity providers. With NDD execution, the quotes that are displayed on FXCM's platforms are the best available direct bid and ask quotes received from liquidity provides. In some circumstances, depending on account type, a markup will be added to the spread. Aside from the spread between bid and ask prices, with NDD execution, the only trading cost is a fixed lot-based commission applied by FXCM at both the open and close of the trade. On the Dealing Desk execution model FXCM can act as the dealer on some or all currency pairs. There are also back up liquidity providers that fill in whenever FXCM does not act as the dealer. Please note that FXCM's Dealing Desk employs fewer liquidity providers than the No Dealing Desk execution option.

For more information, see our Execution Risks. Please note that contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC. Forex Capital Markets, LLC maintains agreements with multiple price providers and in turn provides technology and pricing to the group affiliate entities.

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

Mini Account Spread Pricing

Currency Pair Spreads
EUR/USD 1.3 pips
AUD/USD 1.9 pips
GBP/USD 1.7 pips
GBP/JPY 2.8 pips
NZD/USD 2.3 pips
USD/JPY 1.3 pips
USD/CHF 1.6 pips
EUR/CHF 2.2 pips
USD/CAD 1.9 pips
EUR/GBP 1.9 pips
EUR/JPY 2.2 pips
AUD/JPY 2.2 pips

Spreads & Commissions: Streaming spread figures shown are from FXCM’s Best Bid/Best Offer pricing engine. Historical spread figures shown are time-weighted averages derived from tradable prices at FXCM from 1 October 2014 to 31 December 2014. Spreads are variable and subject to delay. FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed here.

Advertised spreads & commissions may not be applicable to certain account types. Existing accounts will only be subject to the new commission after notification from FXCM. Some accounts, such as Mini Accounts and those for clients of certain intermediaries, are subject to a markup. Accounts set to a commission structure will be charged in the currency denomination of the account.

The figures above are provided for information purposes only, and are not intended for trading purposes or advice. FXCM is not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.

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.