What Are FXCM Fees, Bonus Options, and Spreads?

What Types of Trading Accounts Does FXCM Offer?

FXCM provides two core account structures:

• Standard Account: Designed for most traders. No commission. Spreads start from 1.3 pips. Supports all FXCM platforms (Trading Station, MT4, TradingView).
• Active Trader Account: For high-volume traders (typically $25,000+ deposit). Offers lower spreads and personalized support. Custom commission pricing.

Additionally, FXCM offers:

• Demo Account: Includes $50,000 in virtual funds. Free for 30 days. Access to all platforms and full market conditions.
• Islamic Account: Swap-free compliant accounts available upon request.

How Competitive Are FXCM Fees and Spreads?

We tested real-time spreads on major pairs and found the following:

• EUR/USD: as low as 0.2 pips (Active Trader), 1.3 pips (Standard)
• GBP/USD: average 1.4 pips
• No deposit fees. Withdrawal via bank wire incurs ~$40 fee.
• Overnight financing applies to all leveraged positions.
  

Are There Bonuses or Incentives at FXCM?

FXCM occasionally runs region-specific bonuses (e.g., cash rebate for new deposits). Bonus terms are transparent and non-misleading, but always check local availability due to regulatory restrictions.

What Questions Do Traders Ask About FXCM Accounts?

Can I open a free demo account with FXCM?

Yes. A demo account is free and includes full platform access with $50,000 virtual funds.

What are typical spreads on major forex pairs?

For Standard Accounts: ~1.3 pips on EUR/USD. Active Traders may get down to 0.2 pips.

Are there any commissions or hidden fees?

Standard accounts are commission-free. Active Trader accounts may have tiered commissions but with better spreads.

Is there a minimum deposit requirement?

No strict minimum for Standard accounts. Active Trader account requires around $25,000.

Does FXCM offer trading bonuses?

FXCM provides limited-time bonus programs depending on the jurisdiction. Always check the promotions page or ask support.