Upgrade Your Account(s) to Receive Super-Tight Forex Spreads

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Experience the Next Evolution of No Dealing Desk Execution: Super-Tight Forex Spreads and Low, Competitive Commission. Complete the form below to request an upgrade to FXCM's new Forex Pricing Model. A minimum account balance of 5,000 USD is required to complete the account upgrade. Visit the Forex Pricing Upgrade Center and review the Rate Card to learn more.

UPGRADE YOUR ACCOUNT(S)

By completing the following form, you are requesting to upgrade all eligible accounts associated with the name and email address provided below to the new Forex Commission Model. Please take care when entering your information, and ensure that you understand the terms of your request before you click submit.

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TERMS AND CONDITIONS:

By submitting this form, the Client listed above acknowledges, authorises and directs FXCM Markets Limited (“FXCM”) to upgrade any and all of its accounts, whether individually or jointly, to the new Forex Commission Model provided in the following Rate Card and described in the Forex Pricing Upgrade Center subject to the terms and conditions therein and below (the terms below, “Upgrade Terms”):

  1. The operation of the new Forex Commission Model will be governed by the terms provided in the client’s Terms of Business (as amended below and otherwise from time to time) and the Rate Card provided above (as amended from time to time). By requesting that its accounts be migrated to the new forex commission rates through this opt-in form, the Client agrees (where FXCM provides notice that any of the Client's accounts will be or have been migrated to the new commission rates) that the following Terms of Business (as amended from time to time) will govern all of the Client’s accounts with FXCM, which shall take effect as of the date of upgrade.
  2. Where the Client requests that its accounts are migrated to the new forex commission rates through this opt-in form, any and all of the Client’s accounts with FXCM Markets Limited will not be subject to the new Forex Commission Model unless and until FXCM notifies the Client that such account(s) has/have been successfully migrated to the new Forex Commission Model.
  3. The new Forex Commission Model and accompanying rates will only apply to certain account types in select regions, subject to FXCM’s sole and absolute discretion. FXCM reserves the right to selectively migrate any, all or none of the Client’s accounts to the new Forex Commission Model at its sole discretion, without the need to provide any justification or explain the reasons for its decisions. Where the Client is located in a region that is ordinarily subject to a minimum initial account funding requirement set and amended by FXCM from time to time, the Client will not qualify for an upgrade to the new forex commission rates unless his/her/its accounts have balances greater to or equal to the stated minimum initial account funding requirements that would ordinarily apply to the Client at the time of account opening; FXCM reserves the right to deviate from the requirements of this clause 3 in its sole and absolute discretion.
  4. Following submission of this form, FXCM will act in a reasonable manner to review the Client’s request to upgrade pricing models, but FXCM shall not be bound to act or make any decision within a specified period of time.
  5. The new Forex Commission Model is not available on FXCM’s Dealing Desk accounts. Where the Client requests that its accounts are migrated to the new forex commission rates through this opt-in form and any of its accounts are currently utilising FXCM’s Dealing Desk model, FXCM will, where it decides to apply the new Forex Commission Model to that account, change the Client’s account(s) to a No Dealing Desk model at the time the account(s) is/are set to the new Forex Commission Model. The Client agrees that he/she/it will be solely responsible for reviewing and amending (where necessary) the set-up and/or configuration of any expert advisors (EAs) used on his/her/its account or platform following the move from a Dealing Desk execution model to a No Dealing Desk execution model as certain changes may be required.
  6. The new Forex Commission Model is not available for Interest-Free accounts (being accounts that FXCM has explicitly agreed will be charged a fee in lieu of paying/receiving interest for positions held open past the close of a business day) and/or accounts that are set to receive interest on any client money held with FXCM. Where the Client requests that its accounts are migrated to the new forex commission rates through this opt-in form and any of its accounts are currently Interest-Free accounts or are set to receive interest on any client money held with FXCM, FXCM will, where it decides to apply the new Forex Commission Model to that account, change the Client’s account(s) to a standard interest account (being accounts that FXCM pays/receives interest for positions held open past the close of a business day) and/or cease paying interest on any client monies held with FXCM at the time the account(s) is/are set to the new Forex Commission Model. In an event of conflict between this clause 6 of these Upgrade Terms and any other terms or agreements agreed between the Client and FXCM, this clause 6 shall prevail.
  7. Where any or all of the Client’s accounts has/have open positions at the time of upgrade, those positions will be subject to the new Forex Commission Model so that any request to close a then open position, whether partially or in full, will be subject to the new commission rates.
  8. By submitting this form, the Client or representative of the Client listed above acknowledges and agrees that he/she/it is authorised to submit the request on behalf of all of the accounts he/she/it is attached to (whether or not such account is an individual, joint or corporate account), and that he/she/it has obtained all necessary consents to submit this form. Where this form is submitted by one account holder listed on a joint account, FXCM may process the form as if it was submitted by all joint account holders together.
  9. The Client agrees that he/she/it will not hold FXCM responsible for any errors or issues arising from the upgrade so long as FXCM acted with reasonable skill and care in performing the upgrade.
  10. FXCM’s new Forex Commission Model is not designed to alter or modify an individual's risk preference or encourage individuals to trade in a manner inconsistent with their own trading strategies. Traders should ensure that they operate their trading account in a manner consistent with their trading comfort level following an upgrade.
  11. These Upgrade Terms shall be governed by and construed in accordance with the laws of England and Wales and the parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute which may arise out of or in connection with these Upgrade Terms.

Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from January 1, 2017 to March 31, 2017. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.

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