Designed for new traders, the FXCM Mini Account lets you start trading forex with as little as $50, and includes innovative tools to help you develop good trading habits, right from the start.
Designed for New Traders
- Start with as little as $50
- Trade 1K lots
- Learn the habits of our most successful traders
- Compete in the $10,000 monthly contest
FXCM Mini Accounts use Dealing Desk Execution1 and feature 18 forex pairs and 20 indices and commodities. Want to learn more?
Develop Winning Habits
The FXCM Mini Account is designed to help you develop winning trading habits.Learn More
*$10,000 total prizes awarded. 1st place: $5,000, 2nd place: $2,500, 3rd place: $1,500 , 4th place: $750 , 5th place: $250.
1 Execution: FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex on FXCM's dealing desk and No Dealing Desk (NDD) execution models. With NDD, FXCM's platforms display the best-available direct bid and ask prices from the liquidity providers. In some circumstances, FXCM may add a markup to NDD spreads, based on account type. In addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. With dealing desk execution, FXCM can act as the dealer on any or all currency pairs. Backup liquidity providers fill in when FXCM does not act as the dealer. FXCM’s dealing desk has fewer liquidity providers than NDD. There are many other factors to consider when choosing an execution model (such as conflict of interest, trading style or strategy). See Execution Risks. Note: Contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC, which, in turn, provides technology and pricing to the group affiliate entities.
Mini Accounts: Mini accounts offer 18 CFD instruments and 21 currency pairs, and default to dealing desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Mini accounts with equity less than 10,000 CCY have 400:1 forex leverage; between 10,000 and 20,000, have 200:1. Mini accounts with equity greater than 20,000 will be switched to a Standard account with 100:1 leverage, No Dealing Desk execution, and low spreads + commissions. See Execution Risks.