FXPCM

FXPCM is a forex and CFD brokerage registered in the United Kingdom, with a reported founding date of 13 October 2020. Its official domain is fxpcm.net, and its registered address is International House, 24 Holborn Viaduct, London EC1A 2BN, UK.

As of our review, FXPCM holds no known regulatory licences from any financial authority. This absence of regulation represents a significant point of caution for potential traders, as it means the broker is not subject to oversight by a recognised regulatory body.

FXPCM lists seven account types on its website, catering to different trading styles and capital levels. These include accounts named ECN PRO, 1000 Leverage, Zero Spread, Elite, Fixed Spread, Mini, and Micro. Minimum deposits vary from $100 for several accounts up to $10,000 for the Elite account.

Leverage is offered on a sliding scale per account type, with the highest leverage of 1:1000 available on the 1000 Leverage account. Other accounts offer leverage of 1:500, 1:200, or 1:100. Such high leverage, while potentially magnifying profits, also carries elevated risk.

The broker claims to provide trading in 58 currency pairs, along with commodities, CFD indices, stocks, the Dollar Index, and ICLN. This offers traders a diverse range of asset classes. Information on trading platforms is not explicitly available from the known facts; however, forex brokers typically offer MetaTrader 4 or 5, web-based platforms, or proprietary solutions.

Funding methods and account currencies are not detailed in our records. Potential clients would need to verify directly with the broker for specific deposit and withdrawal options.

Given the variety of account types and low minimum deposits (starting from $100), FXPCM appears to target both retail traders with limited capital and more substantial investors via the Elite account requiring $10,000. The high-leverage accounts may appeal to traders seeking aggressive speculation.

However, the lack of regulatory authorisation means that traders, particularly those in jurisdictions with strict requirements, should proceed with caution. The broker is not eligible for protections such as negative balance protection or compensation schemes typical of regulated firms.