Opening an account with FXCM takes 3 easy steps:

  • 1

    Fill out the form below to get started

  • 2

    Complete the application on our secure server

  • 3

    Log in to your new account, deposit, and trade

Step 1

Review our account types, then complete the form on the rightbelow.

*Please note that the conversions in South African Rand are an approximation. They are used for illustrative purposes only and they do not constitute the rate at which funds will be converted when funding an FXCM account.

Compare Account Types

Step 2

You will then be directed to a secure website. Fill out the application.

FXCM Account Application

Step 3

You will be provided with a username and password upon completeing the application. Log in to the myfxcm client portal, deposit funds, and start trading.

Apply for a live account Now

  • Letter of Direction (LOD)

    A account requires that you complete an LOD in addition to the application.

  • Please apply through FXCM LTD to trade FX, Oil, Gold and Stock Indices.

    Click here to be automatically redirected.

    If you wish to continue with FXCM LLC with access to only trade FX, click here.

  • Please apply through FXCM LTD to trade FX, Oil, Gold and Stock Indices.

    Click here to be automatically redirected.

    If you wish to continue with FXCM LLC with access to only trade FX, click here.

Supporting Documentation: Typically you will need to submit a certified copy of your ID and a certified Proof of Residence (such as a bank statement stamped by your bank) issued within the last six months. Learn More

FXCM LTD will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.

Notice: This product summary should be read in conjunction with our Terms of Business. While every effort has been made to ensure the accuracy of this guide, this information is subject to change, often without notice, and therefore is for guidance only. If you ever have any questions please contact FXCM directly.

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.

Compensation: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.

Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.