FXCM clients are being transferred to AvaTrade, a globally regulated, multi-asset broker.
Your leverage will remain unchanged, except for Australian dollar (AUD) currency pairs, where the maximum leverage will be changed from 30:1 to 20:1.
Please review your open positions before the transfer date to make sure your account holds sufficient margin.
Pending orders, including stops and limits, will not be transferred. We strongly recommend re-placing them on your new AvaTrade account once it is live, so your risk management remains in place.
If you hold an open position in an instrument AvaTrade does not offer, that position will be automatically liquidated, at the market close rate, prior to the position transfer. You can view the full list of affected instruments here: https://docs.fxcorporate.com/ava/instrument-list-eu-retail.pdf.…
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After market close on your transfer weekend, and prior to the Sunday market open, AvaTrade will update your new account with its current FXCM balance and reopen any supported positions at their original open rates. Therefore, your floating P/L will…
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Yes. You are free to close your positions and withdraw your funds at any time before closure of trading. Clients who opt out, should do exactly this before the relevant deadline. Log into MyFXCM as normal to request a withdrawal.
Yes. Your account balance is transferred automatically on the transfer date; no action is required to move your funds.
Yes. AvaTrade is regulated across multiple jurisdictions with segregated client funds. EU clients additionally benefit from ESMA-aligned investor protections, together with cover under the Irish Investor Compensation Scheme, which is operated by the Investor Compensation Company DAC (ICCL).
You will receive an initial notification, a reminder, and a final notice ahead of the transfer, and AvaTrade will send you a welcome email with your new login details on the transfer date. If you did not receive an email, or have questions about your transfer date, please contact us.
Complete the short opt-out form linked in your notification email before the opt-out deadline. You will then need to close any open positions and withdraw your funds before the transfer date. If any positions are still open on the transfer…
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No action is required. Your account will transfer automatically on the transfer date. If you would prefer not to transfer, you can opt out via a simple form before the opt-out deadline.
Also, please download your full FXCM account history for your records from MyFXCM.
Under AvaTrade, the maximum leverage available on your account will change to 400:1. This means that from the date your account transfers to Ava (you can find this in your email), a higher margin may be required to open and…
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