FXCM Logo

FXCM Minimum Deposit

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
Feb 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does FXCM have a minimum deposit requirement as of February 2024?

Reading time: 3 minutes

It's great that you are looking for deposit options at FXCM to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.

My key findings in a nutshell
Gyula
Gyula Lencsés, CFA

I've thoroughly tested FXCM services with our analyst team by opening a real-money account and these are my most important findings:

  • The minimum deposit at FXCM is $50
  • FXCM charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit FXCM's page to start the process
  • FXCM is a reliable broker regulated by at least one top-tier regulator

First, let's see if FXCM is available in your country?

No, you can't open an account at FXCM if you live in the United States!
the United States

Visit broker
70% of retail CFD accounts lose money

Disclaimer: 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

BrokerChooser score
4.4 4.4 /5
Visit broker
70% of retail CFD accounts lose money

Is FXCM safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

FXCM can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

Visit broker
70% of retail CFD accounts lose money

What is the minimum deposit at FXCM?

At FXCM, the minimum deposit amount is $50.

This means that you have to deposit at least $50 to be able to start trading.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at FXCM

Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Pay attention to the inactivity fee though. At FXCM, there is an inactivity fee, with the following conditions: $50 per year after one year of inactivity.

Visit broker
70% of retail CFD accounts lose money

What base currencies are available at FXCM?

At FXCM, the following base currencies are available: EUR, USD, GBP, CHF. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

What deposit methods are available at FXCM?

At FXCM, you have multiple options to choose from when you want to deposit money to your account. These options are the following: Bank transfer, Credit/debit cards, Neteller, Skrill, Unionpay.

All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name.

There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive.

Deposit options FXCM
Bank transfer Yes
Credit/Debit card Yes
Electronic wallet Yes

Visit broker
70% of retail CFD accounts lose money

BrokerChooser score
4.4 4.4 /5
Visit broker
70% of retail CFD accounts lose money

Is there any deposit fee at FXCM?

The answer is no. No deposit fees will be applied at FXCM.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

Visit broker
70% of retail CFD accounts lose money

How to deposit money to FXCM account?

Here's a step-by-step guide:

  • Log in to FXCM's client area
  • Look for 'Deposit' or 'Funding menu'
  • Choose your funding method
  • Provide the necessary details for the transaction
  • Check if the payment details are correct
  • If you are OK with it, you are ready to proceed
The interface to send the minimum deposit to FXCM

If you get stuck during the process, you can always reach out to FXCM's customer support. At FXCM, customer support can be reached via live chat, phone and email.

Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit FXCM 70% of retail CFD accounts lose money

Follow us

Regional settings

×
I'd like to trade with...