Mini Account Transfer Form - FXCM

Mini Account Transfer Form

By completing the following form, you are requesting Forex Capital Markets, Limited (“FXCM LTD”) to change your pricing and execution for one or all of your FXCM accounts from a Standard Account to a Mini Account setting.

Mini Standard
    ( Most popular )
Account Minimum £50 £5,000
Forex Leverage up to 200:1 100:1
CFD Leverage
(Indices & Commodities)
200:1 200:1
Forex Pairs 21 39
CFD Instruments 18 18
Forex Execution Dealing Desk No Dealing Desk
Forex Pricing Total cost is spread Low commissions

Mini Accounts: Mini accounts offer 21 currency pairs and 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 offer spreads plus mark-up pricing. Mini accounts utilizing prohibited strategies or with equity surpassing 20,000 CCY may be switched to No Dealing Desk execution. See Execution Risks.

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 firm's U.S. affiliate, Forex Capital Markets, LLC, which, in turn, provides technology and pricing to the group affiliate entities.

Please take care when completing this form and ensure that you understand the terms of your request before you click submit. Feel free to contact client services should you have any questions, comments or concerns regarding your request.

Please note your account must be flat for at least 24 hours at the time of processing.

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 Mini 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 Mini 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 Mini Account or rejected if the criteria is not met.
  5. I understand that any foreign exchange commission schedule will not apply to my Mini 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 Mini Account to a Standard 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 Standard Account to a Mini 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.

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