Here's how to deposit money to FXCM
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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.
THE ESSENCE:
- 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?
Disclaimer: 75% 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.
FXCM minimum deposit
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.
FXCM minimum deposit
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.
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.
FXCM minimum deposit
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.
FXCM minimum deposit
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 |
FXCM minimum deposit
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.
FXCM minimum deposit
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
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.
FXCM minimum deposit
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 have a question or a suggestion, drop us an email to cust[email protected], and we will get back to you soon.
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