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New ESMA rules 29 July - Lower Margins for Professional Traders

Global Disclaimers

Active Trader Accounts

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.

Alias: active-trader-accounts

Active Trader Discount Table

These commissions highlight our major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY and GBP/JPY.

Alias: active-trader-discount-table

Average Spreads

Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from April 1, 2018 to June 30, 2018. 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.

Alias: average-spreads

Best Prices

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.

Alias: best-prices

CFD Pricing

Target spreads in UK100, GER30, FRA40 and AUS200 may widen when the respective exchange is closed.

Alias: cfd-pricing

CME

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.

Alias: cme

Commissions

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.

Alias: commissions

Compare Platforms

FXCM offers many different platforms to suit your trading needs. FXCM recommends our Flagship Trading Station platform for most traders. Compare Platforms

Alias: compare-platforms

Compensation

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.

Alias: compensation

Complex Instruments

Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail investor accounts lose money when trading with FXCM LTD. You should consider whether you understand how Forex/CFDs work and whether you can afford to take the high risk of losing your money.

Alias: complex-instruments

Conducting Business

FXCM LTD 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.

Alias: conducting-business

Custodial Accounts

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.

Alias: custodial-accounts

Demo Account

Alias: demo-account

Educational Videos

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.

Alias: educational-videos

eFX Access

EFX Access: You can receive the eFXPlus service for your live FXCM Account at no cost if you have a live FXCM account that has placed at least a singular trade this current month. If you do not meet this requirement at the end of the month, your subscription will be cancelled.

Alias: efx-access

Enhanced CFD Execution

Enhanced CFD Execution: There are no stop and limit restrictions on major indices.

Alias: enhanced-cfd-execution

Equity

Equity is your account balance plus the floating profit/loss of your open positions.

Alias: equity

Execution

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.

Alias: dd-execution-risks

Execution Study

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.

Alias: execution-study

FastMatch

FXCM may obtain pricing and liquidity from the FastMatch aggregation platform for spot FX and metals. In May 2017, FXCM entered into an agreement to sell its equity interest in FastMatch Inc. The transaction closed in August 2017. FXCM is now entitled to a future potential payment based on the overall volume traded by all participants on the FastMatch platform. Thus, the volume that FXCM executes via the FastMatch platform until approximately June 2018, will contribute to the overall volume traded on the FastMatch platform and may potentially generate a payment for FXCM. As of August 1st, 2017, FXCM's trading volume does not make up a significant portion of the overall volume traded by all participants on the FastMatch platform. As with all of FXCM's price and liquidity sources, FastMatch is evaluated in accordance with FXCM's Best Execution standards.

Alias: fast-match

FXCM Apps

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.

Alias: fxcm-apps

FXCM Group

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.

Alias: fxcm-group

FXCM LTD

Forex Capital Markets Limited ("FXCM LTD") is an operating subsidiary within the FXCM group of companies (collectively, the "FXCM Group"). All references on this site to "FXCM" refer to the FXCM Group.
Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Registration number 217689.

Alias: fxcm-ltd

Grid Sight Index

Grid Sight Index: Grid Sight Index only describes historical outcomes. The percentages on the indicator describe how many historical Matching Events resulted in price rising or falling by at least the states amount. The indicator does not predict the future, and is not investment advice.

Alias: grid-sight-index

High Risk Investment Warning

High Risk Investment Notice: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD"), retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by FXCM LTD, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited ("FXCM AU") (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group 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. Read and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.

Alias: high-risk-investment-warning

Historical Spreads

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.

Alias: historical-spreads

Imitation Apps

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.

Alias: imitation-apps

Information

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.

Alias: information-disclaimer

Intermediary Markup

Intermediary Markup: In some instances, accounts for clients of certain intermediaries are subject to a markup.

Alias: intermediary-markup

Jefferies

FXCM uses Jefferies Financial Services Inc (JFSI) as a prime broker for FX trading and as a price source for FX trading. FXCM pays JFSI a prime broker fee for the prime broker services. Leucadia National Corporation is a common owner of both FXCM and JFSI.

Alias: jefferies

Leverage Change

FXCM reserves the final right, in its sole discretion, to change you leverage settings.

Alias: leverage-change

Leverage Double Edge

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 with any level of leverage may not be suitable for all investors.

Alias: leverage-double-edge

Leverage Tier

Leverage Tiers: Leverage for FX and CFDs varies per instrument. Major currency pairs default to 30:1, non-major currency pairs, gold and major indices default to 20:1, and commodities other than gold and major equity indices default to 10:1.

Alias: leverage-tier

Liquidity Providers

Liquidity Providers: Liquidity providers include global banks, financial institutions, prime brokers and other market makers.

Alias: liquidity-providers

Live Chat

FXCM representatives are available 24 hours a day, 5 days a week and Live chat support is available 24/5.

Alias: live-chat

Market Commentary

Market Commentary: Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, 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.

Alias: market-commentary

Market Opinions

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.

Alias: market-opinions

Market Share

Market Share: Market share is based on the number of primary relationships with current retail traders.

Alias: market-share

Mobile Trademarks

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.

Alias: mobile-trademarks

Mobile Trading

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.

Alias: mobile-trading

MT4

MT4: Accounts on the MetaTrader 4 platform have maximum account equity restrictions. Contact FXCM for details.

Alias: mt4

MT4 FXCM Independency

MT4 FXCM Independency: Forex Capital Markets Limited ("FXCM LTD") is an independent legal entity and is not affiliated with MetaQuotes Software Corp. ("MT4"). MT4 is not owned, controlled, or operated by FXCM LTD. Therefore, FXCM LTD 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.

Alias: mt4-fxcm-independency

MT4 Order Sizes

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.

Alias: mt4-order-sizes

MT4 Quote Throttling

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.

Alias: mt4-quote-throttling

No Requote Policy

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.

Alias: no-requote-policy

No Trading Restrictions

FXCM maintains a no re-quote policy. There are no stop/limit restrictions on forex and most of our CFDs products.

Alias: no-trading-restrictions

Non-FXCM Speakers

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.

Alias: non-fxcm-speakers

Opt-In Information

How we use your information

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:

  • Educational trading resources, including webinars and seminars
  • New/improved products and services
  • Exclusive trading tools
  • Trading Studies
  • Important changes affecting your trading

Forex Capital Markets Limited uses your phone number to contact you regarding your account and to guide you throughout the process:

  • Your demo account (phone and SMS)
  • Trading alerts (SMS only)

How to Opt-out

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.

Alias: opt-in-information

Order Limits

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).

Alias: order-limits

Past Performance

Past Performance: Past Performance is not an indicator of future results.

Alias: past-performance

Pip Cost

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.

Alias: pip-cost

Price

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.

Alias: price-disclaimer

Price Improvements

Price Improvements: All price improvements are contingent upon available liquidity at execution. Price improvements are available on all order types.

Alias: price-improvements

Product Summary

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.

Alias: product-summary-notice

Profitability Calculation

The calculation is based on a 12-month period preceding the date on which it is performed and includes realized and unrealized profit and loss, net of commission, financing charges, trade adjustments and dividends. The population used in the above calculation includes all FXCM LTD accounts, excluding FXCM Pro accounts, that were under FXCM LTD at any point during the 12 month period.

Alias: profitability-calculation

Reference Purposes

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.

Alias: reference-purposes

Risk Warning Short

Risk Warning: Our service includes products that are traded on margin and carry significant risks. Retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved and have read the full risk disclosures.

Alias: risk-warning-short

Service Provider

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.

Alias: service-provider

Simulated Performance

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.

Alias: simulated-performance

Slippage Statistics Report

As per the July 2018 Slippage Statistics Report

Alias: slippage-statistics-report

SMS Messages

SMS Messages: Upon opting in for SMS messages, you will receive two messages including a reminder message the day before your seminar. If you would like to opt out, simply text "stop" to 66665 after the day of your seminar.

Alias: sms-messages

Spread Bet Exclusive

Spread Betting: FXCM UK offers tax exempt spread betting accounts exclusively to UK and Ireland residents. Residents of other countries are NOT eligible. Spread betting is not intended for distribution to, or use by any person in any country and jurisdiction where such distribution or use would be contrary to local law or regulation. The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change. Spread Betting accounts offer spread plus mark-up pricing only. Spreads are variable and are subject to delay.

Alias: spread-bet-exclusive

Spreads Widget

Live Spreads Widget: Dynamic live spreads are available on Active Trader commission-based accounts. When static spreads are displayed, the figures are time-weighted averages derived from tradable prices at FXCM from April 1, 2018 to June 30, 2018. 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.

Alias: spreads-widget

Supporting Documentation

Additional documentation such as a government issued photo ID and proof of residence may be required to complete your account application.

Alias: supporting-documentation

Tax Treatment

Tax Treatment: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.

Alias: tax-treatment

Third Party Info

Third-Party Information: For the purposes of this specialty platform, your personal information will be handled in line with FXCM's Privacy Policy.

Alias: third-party-info

Third Party Links

Alias: third-party-links

Third Party Payments

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.

Alias: third-party-payments

Third-Party Speakers

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.

Alias: third-party-speakers

Top Trader Funds

Each first-prize winner wins the unique opportunity to trade professionally for TopTrader in a fund equivalent to $37,500, earning a cut along the way.

Alias: top-trader-funds

Trading Accounts

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. Leverage for FX and CFDS varies per instrument. Major currency pairs default to 30:1, non-major currency pairs, gold and major indices default to 20:1, and commodities other than gold and major equity indices default to 10:1.

Alias: trading-accounts

VPS Risk Disclosure

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.

Alias: vps-risk-disclosure