FXCM Account Types

FXCM offers several types of trading accounts to cater to different trading needs:

• Standard Account:
• Minimum Deposit: $50 (ASIC, FSCA) or $300 (CySEC, FCA)
• Spreads: Starting from 1.3 pips
• Commission: Yes, with rollover fees on overnight positions
• Platforms: MT4, Trading Station, TradingView, Capitalise AI
• Leverage: Up to 1:30
• Active Trader Account:
• Minimum Deposit: $50 (ASIC, FSCA) or $300 (CySEC, FCA)
• Special Features: Dedicated support, up to 2 free withdrawals per month, rebate pricing (ASIC only)
• Spreads: Starting from 1.3 pips
• Commission: Yes, with rollover fees on overnight positions
• Platforms: MT4, Trading Station, TradingView, Capitalise AI
• Leverage: Up to 1:30
• Islamic Account:
• Minimum Deposit: $50 (ASIC, FSCA) or $300 (CySEC, FCA)
• Spreads: Floating spreads starting from 1.3 pips, with additional markup of 0.4 pips
• No rollover fees apply
• Platforms: MT4, Trading Station, TradingView, Capitalise AI
• Leverage: Up to 1:30
• Demo Account:
• Unlimited use as long as the account is accessed at least once every 30 days
• Initial Balance: Between $20,000 and $50,000 virtual funds
• No minimum deposit required
• Professional Account:
• Available to EEA-based traders who meet specific criteria
• Minimum Deposit: $50 (ASIC, FSCA) or $300 (CySEC, FCA)
• Spreads: Minimum of 3 pips
• Leverage: Up to 1:200

FXCM Broker Account Opening Process

To open an FXCM trading account, follow these steps:

• Visit the FXCM Website: Go to the FXCM homepage and click on "Open Account."
• Select Your Country: Choose your country of residence from the drop-down menu and provide a valid email address.
• Choose Your Trading Platform: Select your desired trading platform (MT4, Trading Station, etc.) and account base currency.
• Complete the Application: Fill out the application form, which includes mandatory account verification. Most traders pass verification by uploading a government-issued ID and proof of residency.
• Make the Minimum Deposit: Complete the process by making the minimum deposit. FXCM will send an email confirmation with your account login details.

Note: Geographic restrictions apply, and U.S.-based traders cannot open accounts with FXCM.

For more detailed information, you can visit the following sources:

• DailyForex
• InvestinGoal
• ForexSuggest
• FinanceWhile