Is FXCM Broker a Scam? | FXCM Broker Review (Updated 2024)

Broker News

Account Type

7.4

Good

Features

Trading Platforms

MT4

Min Deposit

50.0 USD

Max Leverage 1 : 400

Min Trade Volume

0.01 Lots

Margin Call Level 100%

Stop Out Level 50%

Commission

0 USD

Spread Type Variable Spread

Account Currencies

NZD, ‎AUD, GBP, EUR, USD

Trading Instruments

Cryptocurrencies, Stocks/Equities, Indices, Commodities, Forex/Currencies

Hedging

Scalping

NBP

Islamic

Deposit and Withdrawal

7.0

Good

Features

Company and Service

7.6

Good

Features

Profile

Headquarters Address

20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom

Founded 1999

Broker Type

MM/DD

Time Zone GMT

Credit Profile No information

Trading Platforms

MT4

Mac, Windows, iOS, Android, Webtrader

Contact

No Data

Others

Website Language

Arabic, Chinese(Simplified), Chinese(Traditional), Dutch, English, French, Greek, Hebrew, Indonesian, Italian, Malay, Portuguese, Spanish, Tagalog, Vietnamese

Customer Service By

Phone, Email, Live Chat, Facebook, Twitter, Youtube, SMS message, RSS Feed

Supported Language

Arabic, Chinese(Simplified), Chinese(Traditional), Dutch, English, French, Greek, Hebrew, Indonesian, Italian, Malay, Portuguese, Spanish, Tagalog, Vietnamese

Related Complaints

Q&A Complaints

How's the FXCM bonus?

Cas

Canada

2024-08-21

ANSWER Dear Investor,FXCM's bonuses vary based on the initial deposit amount and the time of deposit after account activation. For details, please visit their Promotions page. It's recommended to contact their customer service to ensure you get the most accurate and up-to-date information.

Does FXCM allow scalping?

Vlado Shah

Peru

2023-09-27

ANSWER Yes, FXCM does allow scalping. FXCM welcomes scalping strategies because of its No Dealing Desk (NDD) forex execution. You can open and close trades in any amount of time, even if you want to close the trade seconds after opening it.For more details, you can contact their customer support team.

Overall Score

8.0

168 Reviews

Cost 7.5

Platforms 7.3

Deposit & Withdrawal 7.0

Customer Support 7.1

Indicates the average level of Brokers

Keywords for selection

Low Spreads Low Swap Fee Deposit/Withdrawal Problems Fast Execution Do Not Recommend Recommend Reliable & Reputable Satisified Unstable Server Connection Good/Professional Customer Support

168 Reviews Clear filter

Sort by

Mavendo Ninjago

0-6 months Malaysia

I lost my money and now when I try to login they said abnormal account. The Support Team is slow, usually unresponsive.

2024-11-08

Oleg Mishyn

1-3 years Malta

If someone asks me what is the best trading platform in the world my answer would be FXCM's standard and micro platforms!

2024-10-31

karma

Over 3 years Australia

Good platform, fast requote and withdrawal.

2024-10-12

Mich K

1-3 years Bahamas

You're nuts. The more you know about a broker the better it is. Then you won't lose any money. The FXCM review taught me a lot.

2024-09-24

Jack Dunk

7-12 months Germany

I love FXCM. I invested about $5,000 and now I have about $50,000. My friends say to quit while I’m ahead but that was so much fun I don’t think I can. OMG, I could make so much more money. Can you imagine if I did that with 1:500 or 1:1000 leverage???

2024-09-13

Amin Sadaf

7-12 months Egypt

I have not faced any trouble with FXCM , their support is very good and reliable. Most traders care about the withdrawal, which I found they are very fast with. However, they have small problems which are the entry set and the slippage, when I set stop SELL or BUY some time it does not take it from the entry that I want. Also , they have slippage problem, I was trading with other broker and I noticed my SL hit on FXCM and it did not on the other broker.

2024-09-04

Berson

7-12 months Balitmore

I use the FXCM trading station 2, it performs well at first everything in place, then came the slippage, I place a stop loss of 20 pips but because of what they call "Slippage" they made me lose 40+ pips tell me what's the use of a stop loss if the system can't follow your setting and can overide it? now is that safe trading?Here's another I placed my sell order on AUD/USD 1.02302 the currency dropped to 1.01739 I was suppose to earn 30 pips on this, since my net limit is set to 30 but because of the "slippage" they entered my sell order on 1.01918 I almost lost the trade luckily I took it off the time it reached 5 pips, now as a trader do you want to use this as your broker?

2024-09-02

Roman Karpe

7-12 months Bahamas

I am trading with them for some time now and i am happy from the service.

2024-08-28

Julian Bramer

7-12 months Germany

They have a large selection of courses and videos. A variety of platforms including the auto trader which I use.

2024-08-26

Juan Condel

0-6 months Saudi Arabia

I just opened ACCOUNT MICRO , I FIND VERY EASY ,COMFORTABLE.MOREOVER NO PAPER WOTK. WITHDAWAL IS ALSO PAPERLESS. ONLY ONLINE.VERY ASSURING.

2024-08-23

1-10 of 168 comments

Rate and Review

Bernhard Krebs

2022-11-24

The broker's trading platform is easy to understand and its customer support is helful.It has the best software in the trading world.

mannan

2023-02-05

Do not use their Mt4 platform for live trading. It is unstable.

FXEnjoyment

2022-12-12

I have been trading with FXCM for nearly 6 months and think they are an excellent broker. Their offer tight spreads and fast execution. I have been impressed by the quality of service I have received so far.

Mbulelo Trevor Tshabalala

2022-10-19

Customer support is quite good and helpful,deposit and withdrawal are very fast.But they have minor problems with entry set and sometimes have slippage.Hope it can be improved.

FXCM

Broker News

Account Type

Deposit and Withdrawal

Company and Service

Profile

Trading Platforms

Contact

Others