Brokers  /  FXCM

FXCM

Low riskForex / CFD broker
🇬🇧 United Kingdom · 5-10 years · since 2017-09-07 · Stratos Markets Limited
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Independent ratingshow third parties score this broker
WikiFX9.41/10
Trustpilot4.6/5
Forex Peace Army/5
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FXCM operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
22
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC, CYSEC, FCA
Exit Risk
26/100
17 reviews in the last 3 months, 24% negative, 2 withdrawal complaints
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)2810%
Real-user sentiment88%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameStratos Markets Limited
Headquarters🇬🇧 United Kingdom
Founded2017-09-07
Years operating5-10 years
Employees0
Official websitefxcm.com
Trading conditions
Avg execution speed391.3 ms A
Avg slippage-0.2 A
Swap ratingB
Trading cost ratingAAA
Monitored traders745
Monitored orders2,196
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
110 Bishopsgate, 17th Floor, London EC2N 4AY, United Kingdom

Regulation & licenses · 4

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making License (MM)309763AustraliaRegulated
FCAMarket Making License (MM)217689United KingdomRegulated
CYSECMarket Making License (MM)392/20CyprusRegulated
ISASecurities Trading License (AGN)515234623IsraelRegulated

Review analysis AI

The dominant signal from real reviews is highly positive, with consistent praise for customer support, platform reliability, and fast execution. A significant minority, however, report serious issues with withdrawals, account KYC delays, and suspicions of price manipulation, including scam allegations. Concrete situations include a user whose account was transferred without consent, another who waited over a week for document verification, and multiple complaints of blocked or tricked withdrawals.

Best for
  • Experienced traders seeking reliable customer support
  • Traders valuing fast execution and transparent pricing
Not for
  • Traders requiring sharia-compliant accounts
  • Traders wanting multiple withdrawal options
Period:
What users complain about
What users praise
Where reviewers are from
🇬🇧 GB40
MX12
JM12
🇦🇺 AU11
🇿🇦 ZA11
🇨🇦 CA10
Positive vs negative · last 12 months Pos Neg
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Real user reviews

Where FXCM operates

Active across 71 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇺🇸 United States
🇩🇪 Germany EEA
🇨🇦 Canada
🇫🇷 France EEA
🇪🇬 Egypt
🇮🇳 India
🇹🇭 Thailand
🇻🇳 Vietnam
🇮🇩 Indonesia
🇦🇺 Australia Licensed
🇮🇹 Italy EEA
🇿🇦 South Africa
🇵🇰 Pakistan
🇨🇴 Colombia
🇲🇽 Mexico
🇳🇬 Nigeria
🇭🇰 Hong Kong
🇳🇱 Netherlands EEA
🇬🇧 United Kingdom Licensed
🇨🇾 Cyprus Licensed
🇮🇱 Israel Licensed

🇪🇺 Passported across 16 EU/EEA countries under its EU license.

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What FXCM says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

FXCM claims to be a leading retail forex broker with over two decades of industry experience, having been founded in 1999. According to the broker, it is headquartered in London, UK, and maintains a global presence with offices and affiliates in Australia, Germany, France, Italy, Greece, Hong Kong, Japan, South Africa, and the United States.

Regulatory Strength

The broker states that it is regulated by four authorities: the Australian Securities and Investments Commission (ASIC) under licence 309763, the UK Financial Conduct Authority (FCA) under licence 217689, the Cyprus Securities and Exchange Commission (CYSEC) under licence 392/20, and the Israel Securities Authority (ISA) under licence 515234623. It presents this multi-jurisdictional oversight as evidence of its commitment to client protection and compliance.

Trading Products and Platforms

FXCM claims to offer forex and CFD trading across a wide range of markets, including major and minor currency pairs, indices, commodities, and cryptocurrencies. According to the company, its proprietary trading platforms are intuitive and feature-rich, with tools such as trailing stops and OCO orders. The broker also states that it provides fast execution and competitive spreads, particularly during high volatility.

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