About FXCM
Who is FXCM?
FXCM (Forex Capital Markets) is a retail forex and CFD broker founded in 1999 and headquartered in London, United Kingdom. The company operates under the legal name Stratos Markets Limited and has a registered address at 110 Bishopsgate, 17th Floor, London EC2N 4AY. With over 26 years of history, FXCM has established itself as a well-known name in online trading, with additional offices in Australia, Germany, France, Italy, Greece, Hong Kong, Japan, South Africa, and the United States.
FXCM serves a global client base ranging from beginner to experienced traders. The company emphasises its long track record and multi-jurisdictional regulatory framework as pillars of trust and reliability in the forex industry.
Regulation and Licensing
FXCM is regulated by four major financial authorities: the Australian Securities and Investments Commission (ASIC, licence 309763), the Financial Conduct Authority in the UK (FCA, licence 217689), the Cyprus Securities and Exchange Commission (CYSEC, licence 392/20), and the Israel Securities Authority (ISA, licence 515234623). Each licence is for market making (MM) or securities trading (AGN) and all are currently listed as regulated.
This multi-regulator setup means that clients in different jurisdictions are subject to different levels of leverage, negative balance protection, and compensation schemes. For example, FCA clients benefit from tier‑1 oversight, while CYSEC coverage provides access to the ICF.
Trading Platforms and Instruments
FXCM offers its proprietary trading platform alongside the industry-standard MetaTrader 4 (MT4). The broker states that its platforms come with tools like trailing stops, OCO orders, and advanced charting capabilities. Traders can access forex pairs, indices, commodities, and cryptocurrency CFDs.
From available information, FXCM provides both standard and swap-free (Islamic) accounts, although some users have raised questions about the latter’s compliance. The broker also integrates with TradingView via its API, which is noted by some users as a positive feature for charting and trade execution.
Account Types and Funding
Detailed account tier information is not publicly listed in the provided data. However, based on user reports, FXCM offers standard and commission-based accounts with variable spreads. Minimum deposit requirements are not disclosed. Funding methods include international bank transfers, though some reviews mention a desire for more options such as e-wallets or credit cards.
Withdrawals are processed via bank transfer, and some users confirm they work, though others report delays or blocks. The broker does not appear to charge for deposits, but withdrawal fees may apply depending on the method.
Corporate Information and History
Stratos Markets Limited operates under the FXCM brand and is part of a group with a history dating back to 1999. The company has undergone corporate changes and settlements with US regulators in the past, but currently holds licences in four jurisdictions. The number of employees listed is zero, which likely reflects registration data rather than actual staff count.
FXCM’s longevity in the industry and global office network suggest a substantial operational footprint, though prospective traders should independently verify current regulatory status and any outstanding issues.
Overview compiled by FXCanary from regulatory records and public data. full FXCM review