Mini Accounts: Mini accounts offer 18 CFD instruments and up to 21 currency pairs. Mini accounts default to Dealing Desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Mini accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Experienced traders can trade Mini Accounts with up to 200:1 leverage. Traders that are new to FX and CFD trading will be defaulted to 50:1 leverage. Mini accounts with equity greater than 20,000 CCY may be switched to a Standard account with 100:1 leverage, No Dealing Desk execution, and commission based pricing.
Standard and Active Trader Accounts: Standard and Active Trader accounts offer 18 CFD instruments and 39 currency pairs. Non-spread bet accounts default to a Low Spreads + Commission pricing structure. Spreads are variable and are subject to delay. Experienced traders can trade Standard and Active Trader accounts with up to 100:1 leverage. Traders that are new to FX and CFD trading will be defaulted to 50:1 leverage. Standard and Active Trader accounts with equity below 10,000 CCY may be switched to a Mini 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.
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.
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.
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.
EFX Access: You can receive the eFXplus service with an initial balance of 25,000 base currency on your live FXCM Account. (For example, if your account denomination is British Pounds (GBP), that is an account balance of 25,000 GBP and 10 standard lots is 1,000,000 notional volume). Trade at least 10 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.