FXCM Review 2026
The full FXCM write-up for Australia traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Australia
| Regulator | ASIC ASIC, Australian Securities and Investments Commission (ASIC) |
| Licence Number | 309763 |
| Regulated Entity | FXCM Australia Pty Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $50 |
| EUR/USD Spread | From 1.3 pips |
| Instruments | 300+ |
| Platforms | Trading Station, MT4, NinjaTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD50/month after 12 months |
| Verify on ASIC register → | 309763 |
Verdict
Cooks under ASIC (licence 309763). Cover charge $50. In Australia, forex leverage is capped at 1:30.
About FXCM
FXCM opened its doors in 1999 out of a kitchen in London, UK. Its menu runs to 300 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by FXCM Australia Pty Ltd under ASIC.
In Australia, FXCM serves as FXCM Australia Pty Ltd, cleared by ASIC under licence number 309763. Under ASIC house rules, Australia traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- ASIC regulated, licence 309763
- 300+ instruments to trade
- Negative balance protection in Australia
- Platforms: Trading Station, MT4, NinjaTrader
- Founded in 1999 (27 years operating)
- Headquartered in London, UK
Cons
- Inactivity fee: USD50/month after 12 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is FXCM regulated?
Yes. FXCM is authorised by ASIC, issued to the entity FXCM Australia Pty Ltd, an authorisation you can look up for yourself on the official ASIC public register.
What is the minimum deposit for FXCM in Australia?
The cover charge is $50, the smallest amount Australia traders need to open a live account with FXCM under ASIC rules.
What leverage does FXCM offer in Australia?
In Australia, ASIC rules cap FXCM at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is FXCM safe to trade with?
The kitchen passes inspection: FXCM cooks under ASIC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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