Standard Account Transfer Form
By completing the following form, you are requesting Forex Capital Markets, Pty ("FXCM AU") to change your Mini Account into a Standard Account.
|Mini( For new traders )||Standard( Most popular )|
|Forex Leverage up to||400:1||100:1|
|CFD Leverage (Indices & Commodities)||200:1||200:1|
|Forex Execution||Dealing Desk||No Dealing Desk|
|Forex Pricing||Total cost is spread||Low commissions|
FXCM reserves the right to transfer a client from Dealing Desk to No Dealing Desk in its absolute discretion.
Please take care when completing this form and ensure that you understand the terms of your request before you click submit. Please feel free to contact client services should you have any questions, comments or concerns regarding your request. A Minimum Account Balance Fee applies to Standard Accounts. See Rate Card here here.
Please note your account must be flat for at least 24 hours at the time of processing.
Please complete the form below
Your information has been received and will be processed shortly.
Execution Disclaimer: 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 addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. While generally NDD accounts offer spreads with no markups, in some circumstances, FXCM may add a markup to NDD spreads. This may occur due to, but not limited to, account type, such as accounts opened through a referring agent. 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 FXCM Group, which, in turn, provides technology and pricing to the group affiliate entities.
Commissions: Commission-based pricing is available on Standard and Active Trader account types. Commissions are charged at the open and close of trades in the denomination of the account.
Compensation: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.
Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.