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FXCM AU will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.
Notice: This product summary should be read in conjunction with our Terms of Business. While every effort has been made to ensure the accuracy of this guide, this information is subject to change, often without notice, and therefore is for guidance only. If you ever have any questions please contact FXCM directly.
Risk Warning: Trading foreign exchange on margin carries a high risk to your capital. You may win or lose many times your original stake. Only trade with money you can afford to lose. Make sure you fully understand the risks involved and take advice if necessary. Foreign exchange trading may not be suitable for all customers.
FXCM offers many different platforms to suit your trading needs. FXCM recommends our Flagship Trading Station platform for most traders. Compare Platforms
Compare FXCM Account Types
While all traders have access to FXCM's 24/7 Live Support and online education materials, we introduced the Mini, Standard and Active Trader account service levels to cater to your individual needs.
|Equity Range||$50 - $20,000||$2,000 - Unlimited||$25,000 or higher|
|FX Lot Size||1,000||1,000||1,000|
|Forex Leverage||Up to 400:1||100:1||100:1|
|Pricing & Execution|
|Forex Spreads||All Inclusive||Low Spreads + Commission||Up to 60% Off Typical Cost|
|Forex Execution||Dealing Desk||No Dealing Desk||No Dealing Desk|
|Forex Restrictions||Price arbitrage strategies are prohibited.1||None||None|
|CFD Spreads||All Inclusive||All Inclusive||Contact Us|
|24/7 Live Support|
|Free VPS Service|
|Dedicated Service Team|
|Free Bank Wires2|
|FIX API Connection|
|FXCM Apps/Programming Credit3||$100 credit||2%|
Private Client Group:
Available to select institutions and individual clients who deposit $150,000 or trade 50 million in notional volume per month, Private Client Group gives access to premium services and custom commission settings. Find out how FXCM’s Private Client Group can help you: 1.800.109.751
1 Mini Accounts: Mini accounts offer 18 CFD instruments and up to 21 currency pairs (GBP/AUD is only available on AUD denominated accounts). Mini accounts default to dealing desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Mini accounts with equity less than 10,000 CCY have 400:1 forex leverage; between 10,000 and 20,000, have 200:1; more than 20,000, have 100:1 leverage and No Dealing Desk execution. See Execution Risks.
2 Two free bank wires per month.
3 Credit available toward FXCM-developed apps.
4 The minimum deposit to open a Corporate Account/Trust/Partnership/Superannuation account is 10,000 CCY.
Execution Disclaimer: FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex on FXCM's dealing desk and No Dealing Desk (NDD) execution models. With NDD, FXCM's platforms display the best-available direct bid and ask prices from the liquidity providers. In some circumstances, FXCM may add a markup to NDD spreads, based on account type. In addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. With dealing desk execution, FXCM can act as the dealer on any or all currency pairs. Backup liquidity providers fill in when FXCM does not act as the dealer. FXCM’s dealing desk has fewer liquidity providers than NDD. There are many other factors to consider when choosing an execution model (such as conflict of interest, trading style or strategy). See Execution Risks. Note: Contractual relationships with liquidity providers are consolidated through the firm's U.S. affiliate, Forex Capital Markets, LLC, which, in turn, provides technology and pricing to the group affiliate entities.