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About WikiFX

    FXCM

    15-20 years
    |
    Regulated in Australia
    |
    Market Making(MM)
    |
    MT4/5 full license

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10.00

    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!

    Benchmark

    A

    Licenses

    Australia Securities & Investment Commission

    Market Making(MM)

    ASIC Regulated

    Financial Conduct Authority

    Market Making(MM)

    FCA Regulated

    Overview

    • Company Name:

      FXCM AUSTRALIA PTY LIMITED
    • Company Abbreviation:

      FXCM
    • Place of registration:

      FXCMAustralia
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      info@fxcmmarkets.com
    • Customer Service Phone Number:

      0808 234 8789
    • Company summary

      BasicInformation&RegulatorsofFXCMFXCMisaleadinginternationalproviderofonlineforextrading,CFDtrading,andrelatedservices.Foundedin1999andheadquarteredinLondon,UK,thecompany'smissionistogivetradersaroundtheworldaccesstotheworld'slargestandmostliquidmarketsbyprovidinginnovativetradingtools,employingtalentedtradingmentors,meetingstrictfinancialstandards,andstrivingtoprovidethebestonlinetradingexperienceinthemarket.ThecompanyiscurrentlyfullylicensedbytheAustralianSecuritiesandInvestmentsCommission(ASIC)andfullylicensedbytheFinancialConductAuthority(FCA)intheUK.SafetyAnalysisThecompanyiscurrentlyregulatedbytwoTire-oneglobalregulators-theAustralianSecuritiesandInvestmentsCommissionandtheUKFinancialConductAuthority.MarketInstrumentsFXCMoffersinvestorsadiverserangeoftradableinstruments,includingcurrencypairs,preciousmetals,commodities,globalstockindices,treasurybonds,aswellasaforexbasket,astocksbasket,CNH,andotherpopularproducts.Leverage&AccountofFXCMTherearetwotypesofaccounts:RegularAccountsandPremierAccounts.Regularaccountshaveaminimumdepositof$50andallowinvestorstotradeupto39popularcurrencypairsandtheentireCFDrangewithupto1:400leverage.ThePremierAccountisdesignedforhigh-volumeinvestorsandrequires,firstly,anFXCMaccountoranewaccount,atotalUSDnotionaltradingvolumeof$10millionpernaturalmonth.Theaccountoffersinvestorsarangeofbenefits:exclusivesupport,premiumservices,andtailor-madetradingsolutions.Spreads&CommissionFeesofFXCMThespreadsareaslowas1.3pipsforEUR/USD,2.3pipsforEUR/GBP,and1.8pipsforAUD/USD.ThePremieraccountoffersinvestorsacashbackoffer.IfaclienttradesEUR/USDandreaches$300millioninnotionalvolumeforthemonth(forthefifthstep),thenthecashbackamountis$25/million,foratotalcashbackamountof$7,500.ThecashbackforequityindexCFDproductsrangesfrom$1to$3permillionUSD.TradingPlatformAppliedofFXCMFXCMhasfullyoptimizedandupgradeditsMT4platformtoexecutetraders'ordersfasterandmoreconsistently.TheadvantagesofMT4aresettingstop-loss/stopgainbeforeexecution,settingstoplossandstopgainof0.01(micro)lotwhencreatinganewtrade,tradingwithmoreaccuratelotsizes,enhancingriskmanagementbypartiallyclosingpositions,andcontrollingwhentraderswanttocloseapositionandhowmuchofapositiontraderswanttoclose.Inaddition,FOREXoffersafreeMT4VirtualPrivateServer(VPS)storageservice.ThisVPShasthreeadvantages:EAwillcontinuetooperatewhenthecomputeristurnedoff;theserverisdedicatedtoEAtradingandwillnotoperateotherapplications;andtraderscanlogintotheirplatformfromanycomputereveniftheydonothaveMetaTrader4installed.Deposit&WithdrawalThiscompanywelcomesseveralpaymentmethods,acceptingonlinebankingpayments,banktransfers,andotherpayments.TheminimumsingledepositforCUPis$100,andtheminimumdepositforacreditcardorwiretransferis$50.Besides,traderscanwithdrawfundsonceamonthforfree. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    WikiFX Risk Alerts

    Previous Detection: 2021.08.04 Risk: 1 Item

    • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    WikiFX Verification

    Transaction data

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    • Total Margin

    • Active Trading

    • New User

    • Stop Out Rate

    • Total Profit

    • Total Tnxs

    • Spread Cost

    • Net Deposit

    • Net Withdraw

    Last Updated Time 2021-08

    WikiResearch

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Ad Brand

    • Search Source

    • Language

    Last Updated Time 2021-08
    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, Level 13, 333-339 GeorGe STreeT SYDNEY NSW 2000

      Phone Number of Licensed Institution :

      1800109751
    • Licensed Institution Certified Documents :

      FXCM AFCA投诉截图191213 View Certified Documents 福汇 AFCA牌照信息 20190213更新 View Certified Documents FXCM_FOS查询信息 View Certified Documents FXCM_309763.jpg View Certified Documents
    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 :

      Forex Capital FCA监管截图 View Certified Documents

    FXCM · MT4/5

    Identification Result

      FXCM · Website

      Most visited countries/areas

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          FXCM· Genealogy

          FXCM · Clones

          FXCM · Market Analysis

          The data are from WIKI Research    2021.08.04 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

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          FXCM · Survey×

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

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          FXCM · Company summary

            Basic Information & Regulators of FXCM

            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 (ASIC) and fully licensed by the Financial Conduct Authority (FCA) in the UK.

            Safety Analysis

            The company is currently regulated by two Tire-one global regulators - the Australian Securities and Investments Commission and the UK Financial Conduct Authority.

            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 & Account of FXCM

            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 & Commission Fees of FXCM

            The spreads are as low as 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 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 Applied of FXCM

            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

            This company welcomes several payment methods, accepting 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.