FXCM Account Types

FXCM offers a variety of account types to cater to different trading needs, including:

• FXCM Standard Account
• Minimum Deposit: $50 (ASIC, FSCA) or $300 (CySEC, FCA)
• Leverage: Up to 1:30
• Spreads: From 1.3 pips
• Commissions: Yes, with rollover fees on overnight positions
• Platforms: MT4, Trading Station, TradingView, Capitalise AI
• Best For: Casual traders
• FXCM Active Trader Account
• Minimum Deposit: $50 (ASIC, FSCA) or $300 (CySEC, FCA)
• Leverage: Up to 1:30
• Spreads: From 1.3 pips
• Commissions: Yes, with rebate pricing available for high-volume traders
• Special Features: Dedicated support, expedited processing times, up to 2 free withdrawals per month
• Best For: High-volume traders
• FXCM Islamic Account
• Minimum Deposit: $50 (ASIC, FSCA) or $300 (CySEC, FCA)
• Leverage: Up to 1:30
• Spreads: Floating spreads start from 1.3 pips, with an additional markup of 0.4 pips
• Commissions: Yes, with no rollover fees
• Best For: Muslim traders
• FXCM Demo Account
• Initial Balance: Between $20,000 and $50,000 in virtual funds
• Time Limit: No time restrictions if used at least once every 30 days
• Best For: Beginners to practice trading without risk

FXCM Broker Account Opening Process

Opening an account with FXCM involves a straightforward process that can be completed in just a few steps:

• Visit the FXCM Website
• Go to the FXCM homepage and click on the "Open Account" button.
• Select Your Country
• Choose your country of residence from the drop-down menu and provide a valid email address.
• Choose Account Type
• Select your desired account type (Standard, Active Trader, Islamic, or Demo) and choose your base currency (USD, EUR, GBP, etc.).
• Complete Application
• Fill out the online application form, including personal information, trading experience, and account preferences.
• Verify Your Identity
• Upload a government-issued ID and a proof of residency document for account verification.
• Make the Minimum Deposit
• Complete the process by making the minimum deposit required for your chosen account type.
• Receive Confirmation
• FXCM will send you an email confirmation with your account login details.

Note: It typically takes 1-3 business days to process the application. Be aware that geographic restrictions may apply, and US-based traders are not eligible to open accounts with FXCM.