FXCM is not scam
The reason: FXCM is considered reliable as it has multiple top-tier regulation globally, such as the UK FCA or the Australian ASIC.
See below the full list of regulators (country of clients - regulatory body):
- UK - Financial Conduct Authority (FCA)
- Australia - Australian Securities and Investments Commission (ASIC)
- South Africa and some other African countries - Financial Sector Conduct Authority
- EU - Cyprus Securities and Exchange Commission (CySEC)
- Rest of the clients - Bermuda
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Is FXCM scam?
Other factors ensuring that FXCM is not a scam
See whether FXCM clients are entitled to investor protection in the event that FXCM goes bankrupt:
| FXCM investor protection | |
|---|---|
| Investor protection amount: | £85,000 in the UK, €20,000 in the EU, no protection in other countries |
There are other factors you can check to make sure FXCM is not a scam. Having been on the market for a long time or being listed on an exchange are all signs that the broker is reliable. Check these factors below.
| 🌎 Country of origin | UK |
| 📅 Foundation date | 1,999 |
| 🏛 Banking background | No |
| 📈 Listed on exchange | No |
| 🗺️ Broker ownership is transparent | Yes |
| 👔 Broker management is transparent | No |
| 🔒 Negative balance protection is provided | Yes |
| 📋 Read more | Check out the FXCM review for 2023 |
Is FXCM scam?
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