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
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?
Looking for the best online brokers?
Search no further. Our brokerage experts compiled a list of the best online brokers based on extensive research and testing with real money.