FXCM Review 2026
The full FXCM write-up for United Kingdom traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in United Kingdom
| Regulator | FCA FCA, Financial Conduct Authority (FCA) |
| Licence Number | 217689 |
| Regulated Entity | FXCM 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 FCA register → | 217689 |
Verdict
Cooks under FCA (licence 217689). Cover charge $50. In United Kingdom, 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 Ltd under FCA.
In United Kingdom, FXCM serves as FXCM Ltd, cleared by FCA under licence number 217689. Under FCA house rules, United Kingdom traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- FCA regulated, licence 217689
- 300+ instruments to trade
- Negative balance protection in United Kingdom
- 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 FCA, issued to the entity FXCM Ltd, an authorisation you can look up for yourself on the official FCA public register.
What is the minimum deposit for FXCM in United Kingdom?
The cover charge is $50, the smallest amount United Kingdom traders need to open a live account with FXCM under FCA rules.
What leverage does FXCM offer in United Kingdom?
In United Kingdom, FCA 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 FCA. 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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