Open Real Account
Opening an account with FXCM takes 3 easy steps:
Fill out the form below to get started
Complete the application on our secure server
Log in to your new account, deposit, and trade
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.
- Pricing: The Mini Account is ideal for new traders with trading costs all within the spread. The Standard Account offers Low Commission pricing similar to stocks. Reduced commissions are available to high-volume traders.
- Leverage: Traders that are new to the FX and CFD market will be defaulted to 50:1 leverage. Experienced traders may trade Mini Accounts with up to 400:1 leverage, and Standard/Active Trader accounts with up to 100:1 leverage.
You will then be directed to a secure website. Fill out the application.
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
- The Mini Account is ideal for new traders with trading costs all within the spread.
- The Standard Account offers Low Commission pricing similar to stocks.
- Reduced commissions are available to high-volume traders.
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.
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 up to 21 currency pairs. FXCM may decide at its sole discretion to add or remove any CFD instruments and currency pairs. Mini accounts 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 settings may also be switched to No Dealing Desk execution at the sole discretion of FXCM in some instances. Mini accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Experienced traders on Mini accounts with equity less than 10,000 CCY have 400:1 forex leverage; between 10,000 and 20,000, have 200:1. Traders that are new to FX and CFD trading will be defaulted to 50:1 leverage. Depending on the experience of the trader, Mini accounts with equity greater than 20,000 CCY may be switched to a Standard account with 50:1 or 100:1 forex leverage, No Dealing Desk execution, and commission based pricing.
Standard and Active Trader Accounts: Standard and Active Trader accounts offer 18 CFD instruments and up to 39 currency pairs. FXCM may decide at its sole discretion to add or remove any CFD instruments or currency pairs. Standard and Active Trader accounts default to a Low Spreads + Commission pricing structure. Spreads are variable and are subject to delay. Experienced traders can trade Standard and Active Trader accounts with up to 100:1 leverage. Traders that are new to FX and CFD trading will be defaulted to 50:1 leverage. Standard and Active Trader accounts with equity below 10,000 CCY may be switched to a Mini Account.
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.
Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.
Commissions: Commission-based pricing is available on Standard and Active Trader account types. Commissions are charged at the open and close of trades in the denomination of the account.
Execution Disclaimer: 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 addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. While generally NDD accounts offer spreads with no markups, in some circumstances, FXCM may add a markup to NDD spreads. This may occur due to, but not limited to, account type, such as accounts opened through a referring agent. 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 FXCM Group, which, in turn, provides technology and pricing to the group affiliate entities.
FXCM offers many different platforms to suit your trading needs. FXCM recommends our Flagship Trading Station platform for most traders. Compare Platforms