Open a Forex Trading Account - FXCM

Open an Account

Step 1

To get started, complete the form on the right and then click Begin Application.

Compare Account Types

  • The Mini account is ideal for new traders with all trading costs within the spread.
  • The Standard Account offers Low Commission pricing similar to stocks.
  • Reduced commissions are available to high-volume traders.

Step 2

You will then be redirected to a secure website. Fill out the application.

FXCM Account Application

Step 3

You will be provided with a username and password upon completing the application. Log in to the myfxcm client portal, deposit funds, and start trading.

Learn about Supporting documentation

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.

Mini Accounts: Mini accounts offer 18 CFD instruments and up to 21 currency pairs. 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 offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. 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, 200:1; more than 20,000, 100:1 leverage and No Dealing Desk execution. See Execution Risks.

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 addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. While generally NDD accounts offer spreads with no markups, in some circumstances, FXCM may add a markup to NDD spreads. This may occur due to, but not limited to, account type, such as accounts opened through a referring agent. 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.

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.

Mini Standard Active Trader
General Settings
Equity Range $50 - $20,000 $2,000 - Unlimited $25,000 or higher
FX Lot Size 1,000 1,000 1,000
Forex Pairs 211 39 39
Forex Leverage Up to 400:1 100:1 100:1
CFD Instruments 18 18 18
CFD Leverage 200:1 200:1 200:1
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
Trading Platforms
MetaTrader 4
Trading Station
Mirror Trader
NinjaTrader
ZuluTrade
Trading Services
24/7 Live Support
DailyFX PLUS
Free VPS Service
Relationship Manager
Dedicated Service Team
Free Bank Wires2
FIX API Connection
FXCM Apps/Programming Credit3 $100 credit 2%
Account Types
Individual/Joint
Trust/Superannuation4
Corporate/Partnership4

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. 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 offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. 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, 200:1; more than 20,000, 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 addition to the spread, the trading cost with NDD is a fixed lot-based commission at the open and close of the trade. While generally NDD accounts offer spreads with no markups, in some circumstances, FXCM may add a markup to NDD spreads. This may occur due to, but not limited to, account type, such as accounts opened through a referring agent. 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.

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