Disclosure
Active Trader Accounts: Active Trader accounts offers spreads plus mark-up pricing or spreads plus commission pricing depending on your equity level and trading volume.
FXCM is an independent legal entity and is not affiliated with Autochartist. FXCM does not endorse any product or service of Autochartist. Nothing associated with this promotion shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws or regulations of such jurisdiction.
This is the average discount across our major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY and GBP/JPY.
This defines the amount of time we receive the order until execution. This excludes internet latency and post trade booking.
Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from January 1, 2019 to March 31, 2019. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.
Best Pricing: FXCM aims to provide clients with the best pricing available and to get all orders filled at the requested rate. However, there are times when, due to an increase in volatility or volume, orders may be subject to slippage.
Applies to all accounts opened on, or after the 1st of November 2018. (Accounts opened before the 1st of November 2018 will be subject to these terms from the 30th of November 2018).
City Index has a spread of 70 as published on https://www.cityindex.co.uk/bitcoin-trading/ on May 27, 2019.
CMC Markets has a fixed minimum spread of 37 as published on https://www.cmcmarkets.com/en/cryptocurrencies on May 27, 2019.
CME Group Market Data is used under license as a source of information for certain FXCM products. CME Group has no other connection to FXCM products and services as listed above and does not sponsor, endorse, recommend or promote any FXCM products or services. CME Group has no obligation or liability in connection with the FXCM products and services. CME Group does not guarantee the accuracy and/or the completeness of any market data licensed to FXCM and shall not have any liability for any errors, omissions, or interruptions therein. There are no third party beneficiaries of any agreements or arrangements between CME Group and FXCM.
Commissions: Commission-based pricing is available on Active Trader account types. Commissions are charged at the open and close of trades in the denomination of the account.
This table is for comparative purposes only and does not indicate any future performance levels. The spread figures are taken from prominent UK competitor websites and are correct to the best of our knowledge as of May 27, 2019. FXCM cannot guarantee the accuracy of such figures and is not liable for errors, omissions or delays or for actions relying on this information. Please refer to the respective CFD broker's website to get familiarized with the assumptions or basis used during the calculation of the spreads. Please note that overnight charges may differ among brokers and are not included in this comparison.
FXCM offers many different platforms to suit your trading needs. FXCM recommends our Flagship Trading Station platform for most traders. Compare Platforms
Compensation: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, 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, etc.
FXCM AU 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.
Custodial Accounts: Custodial Accounts do not have any separate regulatory protections and any funds held, despite being maintained in separate deposit accounts, may be treated as an unsecured creditor's claim in case of bankruptcy.
Demo Account: Although demo accounts attempt to replicate real markets, they operate in a simulated market environment. As such, there are key differences that distinguish them from real accounts; including but not limited to, the lack of dependence on real-time market liquidity, a delay in pricing, and the availability of some products which may not be tradable on live accounts. The operational capabilities when executing orders in a demo environment may result in atypically, expedited transactions; lack of rejected orders; and/or the absence of slippage. There may be instances where margin requirements differ from those of live accounts as updates to demo accounts may not always coincide with those of real accounts.
FXCM Markets Interest: FXCM may change interest rate at any time at our discretion.
Educational Videos: All videos are provided for educational purposes only and clients should not rely on the content or policies as they may differ with regards to the entity that you are trading with. Further, any opinions, analyses, prices, or other information contained on this website is provided for educational purposes, and does not constitute investment advice. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
EFX Access: You can receive the eFXPlus service for your live FXCM Account at no cost. Trade at least 5 standard lots per month to get a monthly subscription to eFXplus for free. If you do not meet this requirement at the end of the month, your subscription will be cancelled.
Enhanced CFD Execution: There are no stop and limit restrictions on major indices.
Equity is your account balance plus the floating profit/loss of your open positions. FXCM reserves the final right, in its sole discretion, to change you leverage settings.
Execution Disclaimer: FXCM is your counterparty to every transaction. FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex/CFD on FXCM's trading platform. Note: Contractual relationships with liquidity providers are consolidated through the FXCM Group, which, in turn, provides technology and pricing to the group affiliate entities.
The study does not in any way attempt to represent that FXCM maintains a particular capacity or performance level. The figures in this study 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. Past results are not indicative of future performance.
Material Assumptions
FXCM’s Retail Clients are defined as individual, joint, and corporate accounts trading on our retail price stream.
The comparison to each of the Futures and Interbank data is made at the time that the FXCM client order is executed. Normal market slippage and slippage due to rejections by liquidity providers are already included by the time the FXCM client order is executed. However, there is an assumption that there is no slippage on the Futures or Interbank market data.
In order to maintain consistency, Futures Market data and Interbank data used the same acceptable ranges in market trades. The summary of findings is based on the assumption that the maximum acceptable difference between the FXCM price and the Interbank/Futures market price is 5 pips in either direction.
Fees that a participant would pay on the Futures or Interbank market, such as CME Exchange Fees, FCM Fees, Clearing Fees, and other commissions, were excluded from the study. Similarly, FXCM Commissions are excluded from the study.
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FXCM Apps: The apps displayed do not take into consideration your individual circumstances and trading objectives, and, therefore, should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results.
FXCM has variable spreads that will widen and narrow subject to market conditions. Spread data is based on information published on https://www.fxcm.com/markets/cryptocurrency/ on May 27, 2019.
FXCM Group is a holding company of Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively "FXCM"].
The FXCM Group is headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom. Forex Capital Markets Limited ("FXCM LTD") is authorised and regulated in the UK by the Financial Conduct Authority. Registration number 217689. Registered in England and Wales with Companies House company number 04072877. FXCM Australia Pty. Limited ("FXCM AU") is regulated by the Australian Securities and Investments Commission, AFSL 309763. FXCM AU ACN: 121934432. FXCM South Africa (PTY) Ltd Ltd is an authorized Financial Services Provider and is regulated by the Financial Sector Conduct Authority under registration number 46534. FXCM Markets Limited ("FXCM Markets") is an operating subsidiary within the FXCM Group. FXCM Markets is not regulated and not subject to the regulatory oversight that govern other FXCM Group entities, which includes but is not limited to the Financial Conduct Authority, Financial Sector Conduct Authority, and the Australian Securities and Investments Commission. FXCM Global Services, LLC is an operating subsidiary within the FXCM Group. FXCM Global Services, LLC is not regulated and not subject to regulatory oversight.
FXCM Group is a holding company of Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU), FXCM South Africa (PTY) Ltd (FXCM ZA), and all affiliates of aforementioned firms, or other firms under the FXCM Group of companies [collectively "FXCM"].
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. The company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.
GER30 average spread displayed is for peak hours only (7:00-21:00 GMT). Effective from February 11th 2019, the GER30 remains open during off peak hours (0:30-7:00 GMT). Spreads may widen during off-peak hours, for more information on GER30 trading hours and spreads, please visit FXCM Help.
Risk Warning: Our products are traded on leverage which means they carry a high level of risk and you could lose more than your deposits. These products are not suitable for all investors. Please ensure you fully understand the risks and carefully consider your financial situation and trading experience before trading. Seek independent advice if necessary.
It is important that you read and consider the relevant legal documents associated with your account, including the Terms of Business issued by FXCM Markets before you start trading.
Historical Spreads: The information provided is historical in nature and does not imply that FXCM maintains a particular capacity or performance level. Past results are not indicative of future performance. The price at which an order is executed does not negate the high level of risk involved with forex trading. Trading could result in losses regardless of the pricing quality of opening or closing transactions.
Hypothetical/Simulated Performance: These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. Simulated or hypothetical trading programs are generally designed with the benefit of hindsight, do not involve financial risk, and possess other factors which can adversely affect actual trading results.
IG has a spread of 40 as published on https://www.ig.com/uk/cryptocurrency-trading on May 27, 2019.
Imitation Apps: Be aware of imitation apps. Never give your account credentials to a third party. If you have any doubts whatsoever, please contact your FXCM sales rep before downloading, using or giving any information to any app provider. Rogue Apps can seek to steal account information.
Credit and debit card deposits are often available immediately. However, FXCM does not exhibit control over the entire funding process and may rely on third parties to facilitate verification and transfer of funds depending on the deposit origin. Therefore, delays of up to one business day can occur.
The article does not in any way attempt to represent that FXCM maintains a particular capacity or performance level. The figures in this article 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. Past results are not indicative of future performance.
Intermediary Markup: In some instances, accounts for clients of certain intermediaries are subject to a markup.
You should not regard any transaction proposal or suggested automated or manual trading strategies as investment recommendations or advice. You must rely on your own judgment for any investment decision you make in relation to your Account.
FXCM uses Jefferies Financial Services Inc (JFSI) as a prime broker for FX trading and as a liquidity provider for FX trading. FXCM pays JFSI a prime broker fee for the prime broker services. Leucadia Investments has become the majority economic owner of FXCM. Leucadia Investments and JFSI are both part of Jefferies Financial Group.
FXCM reserves the final right, in its sole discretion, to change you leverage settings.
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/CFDs with any level of leverage may not be suitable for all investors.
Leverage Tiers: Traders that are new to FX and CFD trading will be defaulted to 50:1 leverage. Experienced traders may generally trade with up to 200:1 leverage. Leverage ratio could vary depending on the account’s equity level. Please note, clients who reside in jurisdictions outside of the European Economic Area (EEA) may have access to higher leverage settings.
Liquidity Providers: Liquidity providers include global banks, financial institutions, prime brokers and other market makers.
FXCM representatives are available 24 hours a day, 5 days a week and Live chat support is available 24/5.
Market Opinions: Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. FXCM will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Market Scanner does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
FXCM Markets is not subject to the regulatory oversight that governs other FXCM entities, which includes but is not limited to Financial Conduct Authority, and Australia Securities and Investment Commission. FXCM Markets is not intended to be used by residents of: the United States, Canada, European Union, Japan, Hong Kong, or Australia. FXCM Markets is committed to maintaining the highest standards of ethical behaviour and professionalism as well as a high level of trust and confidence, all of which are pillars of FXCM's corporate culture. FXCM has earned a reputation for fairness, honesty, and integrity, and considers this to be our most valuable corporate asset. We recognize that our reputation hinges on the adherence of our employees to the highest standards of ethical behaviour and professionalism in the performance of their duties, without which our history of accomplishments would not have been possible. For more information please contact us.
All services and products accessible through the site www.fxcm.com/markets are provided by FXCM Markets Limited with registered address Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda.
The FXCM Group is headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom.
Copper, ESP35 and Bund all have minimum stop distances.
Mobile Trademarks: iPhone, iTunes and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android and Google Play are trademarks of Google Inc.
Mobile Trading: There are a series of inherent risks with the use of the mobile trading technology including, but not limited to, the duplication of order instructions, latency in the prices provided, latency of rollover update, latency of order execution and other issues that are a result of mobile connectivity. It is strongly recommended that clients familiarise themselves with the functionality of the FXCM Mobile Trading Station prior to managing a live account via portable device.
Monthly trading volume is the sum of all trades in terms of notional volume in USD for a given month. For example, if you trade 50,000k EUR/USD in one month at a rate of 1.20, your notional volume would be approximately 60,000,000 units of currency. As your monthly trading volume is above 50 million, as long as your account equity is above $25,000 for a given month, the commission per side per million would be $30 for trading in major currency pairs. The commission can be reduced to $25 per side per million for trading in major currency pairs if your monthly trading volume is above 150 million. If your trading volume is above 500 million, please contact FXCM. For the commission rate on other non-major currency pairs, please refer to standard rate card for details.
MT4: Accounts on the MetaTrader 4 platform have maximum account equity restrictions. Contact FXCM for details.
MT4 FXCM Independency: FXCM Markets is an independent legal entity and is not affiliated with MetaQuotes Software Corp. ("MT4"). MT4 is not owned, controlled, or operated by FXCM Markets. Therefore, FXCM Markets does not make any warranties regarding any MT4 product or service and has not reviewed or verified any performance results that may be presented and/or described on this website in relation to MT4.
MT4 Order Sizes: FXCM MetaTrader 4 allows for order sizes up to 50 million per trade. Traders have the ability to trade incremental sizes (multiple orders of 50 million for the same pair).
The MT4 platform does not allow FXCM to include commissions in pre-trade margin calculations on client's pending orders. This means that if you place a trade with a small amount of available usable margin under the MT4 account, there is a risk that the execution of the orders could trigger immediate margin call right after the execution as the commission charges can result in insufficient margin to maintain your open positions. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades.
MT4 Quote Throttling: The potential exists for variations in pricing displayed between servers. These differences do not have an impact on prices available for execution but can impact the prices used to trigger resting orders. Please note that MT4 has an inherent limitation on maximum numbers of quotes processing within a short period of time (i.e. per second). During volatile market situation, there is a risk of potential latency of price quote which may result in delays in order execution.
You need an MQL5 Community account activation to subscribe to the signals, learn more.
Signals are not currently available on CAD and JPY denominated accounts. The signal service does not constitute and should not be regarded as investment advice. FXCM provides an execution only service. You act on the signals entirely at your own risk.
MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. Contact support@metaquotes.net for support. FXCM is an independent legal entity and is not affiliated with MetaQuotes®. Metaquotes® is not owned, controlled, or operated by FXCM.
Traders that are new to FX and CFD trading are ineligible for a leverage option that is over 50:1.
No Re-Quote Policy: FXCM maintains a no re-quote policy. Circumstances exist based on order size, trading pattern, and market conditions where individuals may not receive execution at the requested rate. Orders are executed at the next available rate within the trader's parameters, subject to market conditions. The difference between the requested rate and final execution price may be more or less advantageous based on the market activity and available liquidity.
FXCM maintains a no re-quote policy. There are no stop/limit restrictions on forex and most of our CFDs products.
Non-direct clients may include clients of certain intermediaries.
The above speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Forex Capital Markets Limited uses your email address to allow you access to our trading platform and to send you, from time to time, information about your demo trading account along with educational materials to help you trade. This includes:
Forex Capital Markets Limited uses your phone number to contact you regarding your account and to guide you throughout the process:
You have the option to opt-out at any time from our emails by clicking the relevant unsubscribe link at the bottom of the communication. To opt-out from SMS you can do so by replying with STOP. Charges may apply, please check with your provider.
We do not sell or rent your personal data to any third parties.
This defines the amount of time we receive the order until execution. This excludes internet latency and post trade booking.
Order Limits: FXCM Trading Station and FXCM MetaTrader 4 allow for order sizes up to 50 million per trade. Traders have the ability to trade incremental sizes (multiple orders of 50 million for the same pair).
Past Performance: Past Performance is not an indicator of future results.
Pip Cost: The pip cost may vary depending on the account denomination and the notional value of a currency pair which fluctuates on a daily basis. Current pip costs can be found on your trading platform.
Plus500 has a spread of 45.01 as published on https://www.plus500.com/Instruments/BTCUSD on May 27, 2019.
Price: Orders will always execute based on the pricing structure of the client's account no matter what is displayed on the platform. The price quoted under this specialty platform is for reference only.
Price Improvements: All price improvements are contingent upon available liquidity at execution. Price improvements are available on all order types.
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.
References: This information is for references purposes only, and reliance on the information contained herein is not an alternative to legal advice from an attorney or other professional legal services provider. Specific questions should be referred to outside counsel. FXCM assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. FXCM will not accept liability for any loss, damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of, or reliance on the information contained herein.
REST API Tokens may require activation. Please email api@fxcm.com for issues or questions.
Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.
Note: Rollover occurs at 17:00 ET every day. Spreads can widen specifically during this time.
Service Provider: FXCM is an independent legal entity and is not affiliated with this Service Provider. FXCM does not endorse any product or service of the Service Provider. Nothing associated with this promotion shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws or regulations of such jurisdiction.
SMS Trade Alerts are not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor.
FXCM is an independent legal entity and is not affiliated with QuantInsti. FXCM does not endorse any product or service of QuantInsti. Please note the webinars are hosted by QuantInsti. By registering you would be providing your details to them and will be subject to their Privacy Policy.
Hypothetical/Simulated Performance: These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. Simulated or hypothetical trading programs are generally designed with the benefit of hindsight, do not involve financial risk, and possess other factors which can adversely affect actual trading results.
As per the July 2019 Slippage Statistics Report
Additional documentation such as a government issued photo ID and proof of residence may be required to complete your account application. Learn More
1 Retrieved 26 April 2018 https://www.asx.com.au/listing-IPO-on-ASX.htm
2 Retrieved 29 April 2018 https://www.bis.org/publ/rpfx16fx.pdf
Terms and Conditions apply
Third-Party Information: For the purposes of this specialty platform, your personal information will be handled in line with FXCM's Privacy Policy.
Third Party Links: Links to third-party sites are provided for your convenience and for informational purposes only. FXCM bears no liability for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.
Third Party Payments: FXCM does not accept Third Party payments. Deposits received from an account in a different name and/or held by someone other than the trading account holder constitutes a third party deposit. This also applies to corporate funds received for an individual account and similar scenarios.
Trading Accounts: Price arbitrage strategies are prohibited and FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Trading accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Traders can trade up to 400:1 leverage on FX and 200:1 leverage on CFDs. Leverage ratio could vary depending on the account’s equity level.
The Trading Signals do not constitute and should not be regarded as an investment advice. You act on the signals entirely at your own risk.
VPS Free Hosting: Clients who trade notional volume with an average of 500K per month for the previous 3 months will have the cost of VPS service reimbursed. At the beginning of the month (between 1st and 15th), a fee of 30 base currency (3k JPY, 240 HKD) will be debited from any of your FXCM account(s) to cover the VPS cost.
VPS Risk Disclosure: VPS services are provided by third parties. These third parties are not owned, controlled or operated by FXCM. As such, FXCM does not make any warranties regarding the services provided by the third parties. Clients are not required to sign up with the third parties FXCM offers discounts for. Instead clients are encouraged to find a VPS provider that best meets their needs. Additionally, there are significant risks and limitations involved with using VPS services. Prospective users are further encouraged to carefully examine and assess the risks and the limitations prior to use. These terms are subject to change at the sole discretion of FXCM.
FXCM cannot guarantee exchange rates for deposits not made in the currency denomination of the account. If you do not plan to wire funds in the denomination of your desired trading account, please review our Rate Card for our currency conversion fees.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.