Standard Account Transfer Form - FXCM

Standard Account Transfer Form

By completing the following form, you are requesting FXCM Markets Limited ("FXCM") to change your leverage profile and execution type for one or all of your FXCM accounts from a Premium Account to a Standard Account.

  Standard Premium
Forex Leverage Up to 400:1 100:1
Equity Range $0 – $20,000 $20,000 – Unlimited
CFD Leverage: Indices & Commodities 200:1 200:1
CFD Leverage: Shares 10:1 10:1
Spreads All Inclusive All Inclusive
Forex Pairs 21 39
Execution Dealing Desk* No Dealing Desk
Restrictions Price arbitrage strategies are prohibited.  

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. Your account must be flat for at least 24 hours at the time of processing.

Please complete the form below

By submitting this form, I request FXCM to change one or all existing trading accounts associated with the name, email address and account numbers above to a Standard Account(s) (my “Request”), subject to the following terms and conditions (the “Terms”):

  1. I understand that submission of this form only constitutes a request and that it does not require FXCM to comply with my Request. I agree that following my submission of this form, FXCM will act in a commercially reasonable manner to review my Request, but that it shall not be bound to act or make any decision within a specified period of time. FXCM may approve or reject my Request in its sole and absolute discretion.
  2. I understand that my account must be flat for at least 24 hours and have no open positions (i.e. no live trades, stop orders, limit orders, or entry orders) at the time of processing. If my account is not flat, and there was FX trading within 24 hours, I understand that FXCM may not be able to process my Request.
  3. I understand that in order to process my Request, FXCM may, in its sole discretion, create a new Standard Account and transfer the funds from my existing trading account. I understand that I may receive a new account number.
  4. I understand that if I have multiple accounts under the same login, each account will be reviewed individually and either designated a Standard Account or rejected if the criteria is not met.
  5. I understand that any foreign exchange commission schedule will not apply to my Standard Account(s).
  6. I understand that even if my Request is fulfilled, FXCM reserves the right, in its sole discretion, to transfer my account(s) from a Standard Account to a Premium Account or vice versa, at any time, and that it will endeavor to provide notice of such occurrence to me. I understand that a transfer of my account may result in differences in tradable prices. Changes in account may occur for various reasons including, but not limited to, instances in which the equity in my account(s) falls outside the Equity Range for that account type. I understand the Equity Range is published by FXCM from time to time in its sole discretion.
  7. I understand that even if my Request is fulfilled, these Terms do not impact FXCM’s rights under the Terms of Business to change margin requirements in its sole discretion at any time without notice to me.
  8. If my Request is approved, I understand that FXCM’s Terms of Business, Rate Card and all relevant policies will continue to govern my accounts and trading activity with FXCM, as amended and supplemented by these Terms.
  9. I understand that changing my account type from a Premium Account to a Standard Account carries with it inherent conflicts of interest and will result in changes to how my trades are handled. I fully understand how orders are executed and have thoroughly reviewed FXCM’s dealing desk execution risks.

Thank You

Your information has been received and will be processed shortly.

*FXCM reserves the right to transfer a client from Dealing Desk to No Dealing Desk in its absolute discretion.

Leverage Tiers: Standard Accounts default to dealing desk execution on 400:1 leverage. Premium accounts default to No Dealing Desk execution on 100:1 leverage. Accounts with equity that surpasses 10,000 may be switched to 200:1 leverage. Accounts with equity that surpasses 20,000 may be switched to 100:1 leverage. FXCM may take steps to mitigate its risk arising from market making more effectively by, at our sole discretion and at any time and without previous consent, transferring your underlying account to our NDD execution offering.