Pros
- An established broker since 1999 with the mature Trading Station & MT4 platforms
- Now backed by a large financial group (Jefferies/StoneX)
- International entities regulated by FCA/ASIC/FSCA
Cons
- Permanently banned from the US market (2017) + a US$7 million fine for hiding a conflict of interest — a serious regulatory record
- Trust was dented by that case; verify the entity serving your region
- Leveraged products are high-risk
Feature summary
CategoryForex
Minimum depositVaries by account type — check the official site
Demo accountAvailable
PlatformTrading Station (web/desktop/mobile), MetaTrader 4, TradingView (integrated), API
InstrumentsForex, Index CFDs, Commodity CFDs, Crypto CFDs (some regions)
SupportLive chat, email & phone (market hours)
Regulation statusInternational entities regulated by the FCA (UK), ASIC (Australia), FSCA (South Africa), and others. IMPORTANT: FXCM has been permanently banned from the US market since 2017 (see the risk note).
Fee modelSpread model or spread + commission (Active Trader) — varies; exact figures not yet verified
Estimated cost per lotSpread or spread + commission (Active Trader) — not yet verified
Risk & regulation notes
IMPORTANT: In February 2017, FXCM was permanently banned from the US market by regulators (CFTC/NFA) and fined US$7 million for hiding a conflict of interest with a market maker (a misleading 'no dealing desk' claim). The company then exited the US. Its international entities are now regulated by the FCA and others, but this history is important to weigh before signing up.
Primary sources
Product facts are summarized from the broker's official materials. A broker's own claims are not automatically treated as independent verification.
Update history
- 2026-08-01
Editorial review 2026-08-21: regulation score held back (3/5) due to the 2017 permanent US market ban + US$7 million fine, even though international entities are now FCA-regulated. Included as a primary con.