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    FXCM

    • Australia Australia
    • 15-20 years
    • Regulated in Australia
    • Market Making(MM)
    • MT4/5 full license
    • Regional Brokers
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    FXCM AUSTRALIA PTY LIMITED

    Phone of the company

    004402073984050

    Customer Service Email Address

    info@fxcm.co.uk

    Company address

    --

    Pyramid scheme complaint
    Expose

    Check whenever you want

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    WikiFX Risk Alerts 1
    2022.07.05

    The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    • Benchmark
    Comparison
    MT4 Download
    Benchmark
    ※ Trading environment rating source: real trading data of 161,335 WikiFX VPS users
    Transaction speed rating A

    Average transaction speed(Millisecond) Good 427.3

    The fastest transaction speed(Millisecond) 280

    The fastest transaction speed [open](Millisecond) 281

    The fastest transaction speed [close](Millisecond) 280

    Slowest transaction speed(Millisecond) 794

    Slowest transaction speed [open](Millisecond) 794

    Slowest transaction speed [close](Millisecond) 672

    Rollover cost rating AAA
    EURUSD
    Long: -6.04USD/lot Short: 2.67USD/lot
    XAUUSD
    Perfect
    Long: -2.52USD/lot Short: 1.45USD/lot
    Software disconnection rating D

    Average disconnection frequency(times/day) 3.7

    Average reconnection time(Millisecond) 3

    Transaction cost rating A

    EURUSD 13.97USD/lot

    XAUUSD 35.3USD/lot

    Transaction slippage rating A

    Average trading slippage Great 0.2

    Maximum transaction slippage 13

    Maximum transaction slippage [Long] -1

    Maximum transaction slippage [Short] 14

    • WikiFX Data
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    Total Margin

    Active Trade

    New User

    Stop Out

    Total Profit

    Total lots

    Spread Cost

    Net Deposit

    Net Withdraw

    No data
    Brokers Ilies Larbi, a Former FXCM Employee, Has Launched a New Cryptocurrency Exchange, Ouinex

    Larbi was most recently the Global Head of Retail Partnerships. He held that position for the last year and a half. He began his career at FXCM in 2007 as an FX Sales associate and worked his way up to senior management.

    WikiFX
    2022/5/10 2:57:05
    Ilies Larbi, a Former FXCM Employee, Has Launched a New Cryptocurrency Exchange, Ouinex
    Brokers Global Brokerage Sees Total Net Revenues of $31.11M during Q1 2022

    Global Brokerage Inc., owner of FXCM, an online Forex trading and CFD broker, released on Wednesday its unaudited financial results for the first quarter of 2022.

    WikiFX
    2022/5/5 1:52:24
    Global Brokerage Sees Total Net Revenues of $31.11M during Q1 2022
    Brokers WikiFX' Global Market and Broker Outlook for CFD/Forex Trading in 2022

    According to WikIFX, retail CFD/Forex Trader numbers and volumes remain at record levels with over of 8.5 million traders (excluding Japan) being active in the market as continued volatility and hedging requirements create demand for OTC derivative products.

    WikiFX
    2022/4/4 7:51:07
    WikiFX' Global Market and Broker Outlook for CFD/Forex Trading in 2022
    Brokers FXCM January Single Share & Stock Baskets Report

    FXCM Group, LLC (“FXCM Group” or ‘FXCM’), the leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, is today releasing its data of most popular instruments for the month of January in its Single Share CFD and proprietary Stock Basket product lines.

    WikiFX
    2022/3/7 6:26:08
    FXCM January Single Share & Stock Baskets Report
    Brokers FXCM Pro Focusing on Future as Innovation Drives FX industry in 2022

    FXCM’s innovation has established itself as a leading provider of FX and CFD trading.

    WikiFX
    2022/3/7 6:19:10
    FXCM Pro Focusing on Future as Innovation Drives FX industry in 2022

    FXCM

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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      FXCM AUSTRALIA PTY. LIMITED

      Effective Date :

      2007-05-15
    • Email Address of Licensed Institution :

      compliance@fxcm.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      https://www.forextrading.com.au

      Expiry Date :

      --
    • Address of Licensed Institution :

      FXCM AUSTRALIA PTY LTD, Suite 214, 480 Collins Street MELBOURNE VIC 3000

      Phone Number of Licensed Institution :

      1800109751
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3 Annex4 Annex5
    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      Forex Capital Markets Limited

      Effective Date :

      2003-05-27
    • Email Address of Licensed Institution :

      compliance@fxcm.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      https://www.fxcm.com/uk/

      Expiry Date :

      --
    • Address of Licensed Institution :

      20 GreshaM STreeT FourTh Floor London EC2 7JE UNITED KINGDOM

      Phone Number of Licensed Institution :

      44 02073984050
    • Licensed Institution Certified Documents :

      Annex1

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    FXCM

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    FXCM
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    FXCM · Company summary

      General Information & Regulation

      FXCM is a leading international provider of online forex trading, CFD trading, and related services. Founded in 1999 and headquartered in London, UK, the company's mission is to give traders around the world access to the world's largest and most liquid markets by providing innovative trading tools, employing talented trading mentors, meeting strict financial standards, and striving to provide the best online trading experience in the market. The company is currently fully licensed by the Australian Securities and Investments Commission ( regulatory license number 309763) , also fully licensed by the Financial Conduct Authority (license number 217689) in the UK.

      Market Instruments

      FXCM offers investors a diverse range of tradable instruments, including currency pairs, precious metals, commodities, global stock indices, treasury bonds, as well as a forex basket, a stocks basket, CNH, and other popular products.

      Leverage & Accounts

      There are two types of accounts: Regular Accounts and Premier Accounts. Regular accounts have a minimum deposit of $50 and allow investors to trade up to 39 popular currency pairs and the entire CFD range with up to 1:400 leverage. The Premier Account is designed for high-volume investors and requires, firstly, an FXCM account or a new account, a total USD notional trading volume of $10 million per natural month. The account offers investors a range of benefits: exclusive support, premium services, and tailor-made trading solutions.

      Spreads & Commissions

      The spreads are 1.3 pips for EUR/USD, 2.3pips for EUR/GBP, and 1.8pips for AUD/USD. The Premier account offers investors a cashback offer. If a client trades EUR/USD pair and reaches $300 million in notional volume for the month (for the fifth step), then the cashback amount is $25/million, for a total cashback amount of $7,500. The cashback for equity index CFD products ranges from $1 to $3 per million USD.

      Trading Platform

      FXCM has fully optimized and upgraded its MT4 platform to execute traders' orders faster and more consistently. The advantages of MT4 are setting stop-loss/stop gain before execution, setting stop loss and stop gain of 0.01 (micro) lot when creating a new trade, trading with more accurate lot sizes, enhancing risk management by partially closing positions, and controlling when traders want to close a position and how much of a position traders want to close. In addition, FOREX offers a free MT4 Virtual Private Server (VPS) storage service. This VPS has three advantages: EA will continue to operate when the computer is turned off; the server is dedicated to EA trading and will not operate other applications; and traders can log into their platform from any computer even if they do not have MetaTrader 4 installed.

      Deposit & Withdrawal

      FXCM welcomes several payment methods, including online banking payments, bank transfers, and other payments. The minimum single deposit for CUP is $100, and the minimum deposit for a credit card or wire transfer is $50. Besides, traders can withdraw funds once a month for free.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.