1. Open a Live Account by submitting the online application.
2. Fund your account and place your first trade.
3. Explore our indices offering in the trading platform.
Not ready to open an account?
Get a feel for the platform by signing up for a Free Practice Account.
Our platforms are battle-tested and have been in development throughout FXCM's 20 year history. You may trade any commodity product you like without regard for what you currently hold in your account, and can also trade FX, Indices and Shares all from the same account.
When trading Index CFDs with FXCM, trading costs are included in the spread and there are no extra commission fees charged when opening or closing positions and unlike many other brokers there are no minimum commission levels, so at FXCM you are able to avoid the extra costs of placing smaller trades.
The spread costs can easily be calculated on the Trading Station platform, as you can see the real-time spreads and pip costs (in your account denomination) before you enter any trade. To calculate the spread cost in the currency of your account:
(Pip Cost) x (Number of Contracts) x (Spread) = Total Transaction Cost
As long as there is sufficient margin in your account, you can hold your position indefinitely. Only one Index at FXCM expires monthly (VOLX, which tracks the VIX index). To see the list of upcoming expirations, click here.
Any positions held past 5pm EST may be subject to a "financing charge" which reflects in an FXCM account as "rollover." Visit our CFD Product guide for more information.
The financing charges are updated daily and can be seen in the Trading Platforms under RollB and RollS.
There are no taxes applied by FXCM when you open and close a CFD position. Please consult a tax professional to advise you on your particular situation.
When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging commissions at the open and close of a trade, and adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.
