While all traders have access to FXCM's 24/7 Live Support and online education materials, we introduced the Mini, Standard and Active Trader account service levels to cater to your individual needs.
|Equity Range||$50 - $20,000||$2,000 - Unlimited||$25,000 or higher|
|FX Lot Size||1,000||1,000||1,000|
|Forex Leverage||Up to 400:1||100:1||100:1|
|CFD Leverage||Up to 200:1||Up to 200:1||Up to 200:1|
|Pricing & Execution|
|Spreads||All Inclusive||Low Spreads + Commission||Up to 55% Off Typical Cost1|
|Execution||Dealing Desk||No Dealing Desk||No Dealing Desk|
|Restrictions||Price arbitrage strategies are prohibited.2||None||None|
|24/7 Live Support||yes||yes||yes|
|FXCM Apps/Programming Credit3||$100 credit||2%|
|Free VPS Service||no||no||yes|
|Dedicated Service Team||no||no||yes|
|Free Bank Wires4||no||no||yes|
|FIX API Connection||no||no||yes|
1 Discounted trading commissions are available to individuals who deposit at leat $150,000 or trade at least 50 million units of currency each month.
2Mini 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.
3 Credit available toward FXCM-developed apps.
4 Two free bank wires per month.
5 The minimum deposit to open a corporate, trust, partnership, IRA, LLC or superannuation account is 10,000 CCY.
6The minimum deposit to open a custodial account is 250,000 CCY.
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.