The account base currency is that which is available to trade in on your account. With FXCM base currency availability, the USD, EUR, and GBP are available. FXCM also offer AUD, CHF and more base currencies, however, this depends on the FXCM entity you register with. Also, you only need the most basic of details including your name, email, country, and a mobile number in order to open an FXCM demo account, the process could not be easier. When it comes to FXCM awards, they have won more than 25 over the years.

How can I contact FXCM’s customer service?

Friedberg processes withdrawal requests within 24 hours, but it can take up to seven business days for funds to arrive in the trader’s account. Since Friedberg Direct does not cater to international traders, it appears a rather lengthy amount of time for a domestic-only transaction. The limited payment options remain unacceptable for a broker in the 21st century. The FXCM trading platform has been upgraded to allow flawless integration of the very popular MT4 trading platform. The upgrade also provides investors with better risk management by enabling more precise lot sizes and better control of when and how much of a position traders want to close trades.

Table of Contents

I also checked how responsive customer support was to my questions and compared the overall experience for both beginners and experienced traders. The Mini account requires a minimum deposit of $50,000 with lot sizes of $1,000 and access to 21 pairs of the most popularly traded currency pairs, including the EUR/USD. Mini accounts include free trading services like “Client-Only Trading Signals” to assist traders with learning the market and improving trading strategies. Exclusive to the FXCM Mini account is a monthly contest that awards lucky winning traders with $10,000 in prize money. FXCM provides a comprehensive and internationally recognized environment for Canadian traders who focus on leveraged derivatives. The platform excels in its coverage of major and minor forex pairs, offering both deep liquidity and a strong execution framework via its Trading Station and MT4 platforms.

The brokerage is regulated by multiple regulatory bodies to include the Financial Conduct Authority (FCA) and the  Australian Securities & Investment Commission (ASIC). Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. FXCM offers MetaTrader 4, Trading View, Trade Station, and Trading Station, each suited for different trading styles and levels. FXCM offers cashback bonus up to $10,000 for trading Gold in this broker. Based on your XAU trading volume, FXCM will reward you on a monthly basis.

DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD fxcm canada review brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

• The Active Trader account requires a minimum $25,000 deposit and includes the acclaimed “No Dealing Desk Execution” feature, as well as elite pricing for higher volume trading that saves up to 50% on trading costs.
• Today a customer not only wants to deposit funds with a regulated broker but also wants to explore and experience all the brand-new modern plugins and tools.
• Clients can request assistance via e-mail, webform, or by calling; regrettably, Friedberg does not provide a toll-free number.
• The parent company has over $2 billion in assets under management (AUM).
• In addition, you will receive a free one-year subscription to Tradingview Pro.

Is FXCM Regulated And Legit?

• Yes, FXCM is a regulated broker in the UK, Europe, Australia, and South Africa, adhering to strict standards.
• Friedberg Direct is a Canadian execution-only broker whose biggest asset is being part of the Friedberg Mercantile Group LTD, a family-owned financial firm in operation since 1971.
• Friedberg Direct fully segregates clients‘ deposits from corporate funds and maintains a safe and secure trading environment.
• He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
• This option allows traders to diversify their approach, potentially benefiting from the power of AI.

Yes, FXCM is regulated by several financial authorities, including the FCA in the UK, ASIC in Australia, the CySEC in Europe, and the FSCA in South Africa. It is regulated by multiple tier-one financial authorities, including the FCA and ASIC, which adds credibility and oversight to its operations. Note that the regulated branches will not offer promotional schemes due to regulatory restrictions. The broker’s commodity list includes gold and silver as well as energies and a few soft commodities, while the Euro-Bund Futures Index is also available to trade. Bank wire deposits take between one and two business days when you are transferring domestically, whereas e-wallets like PayPal are processed instantly, so I would opt for this if you want to fund your account promptly.

Fees

And don’t be upset because depending on which payment method you are using the money transfer time may change. Once FXCM confirms your address proof, you will be redirected to MYFXCM (Personal area) and start trading. FXCM Group is regulated under several jurisdictions and the broker has strong regulations. Overall, FXCM broker is considered a trustworthy and safe broker with a trust score of 96 out of 99.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. You would an account manager assigned right away where you could contact in case of any issue. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc. Double-check with your bank for potential incoming or outgoing wire fees.

The major averages are 1.3 pips for EUR/USD, and 2.3 pips for EUR/GBP as an example. FXCM offers users a near-flawless educational experience that includes training videos, webinars, written content, as well as a demo account with £50,000 of virtual money. The company offers a bundle of great basic forex training lessons, and a considerable video archive full of well-produced, high-quality video lessons. FXCM offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call FXCM, there are 42 country-based numbers one can call from. Friedberg Direct does not list any account types, inferring that the same CFD trading account is available to all traders.

Capitalize AI Algo Trading

Multiple built-in indicators, versatile order types, and direct-from-chart trading make Trading Station suitable for both systematic and discretionary approaches. My findings are based on first-hand use, not just reading the website. FXCM stands out for its range of Forex and CFD products and strong regulation via CIRO, but the high minimum deposit means it suits more advanced or well-funded traders. If you’re weighing FXCM against other brokers, everything I share is rooted in real usage and side-by-side comparison, so you can make your decision on honest, practical evidence.

Stock CFDs are available, although there is no direct spot equity or ETF trading— all equity exposure must be taken via contracts-for-difference. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. FXCM does not offer cryptocurrencies and they do not offer customer support during weekends.

I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. You must note that do not invest the amount you can not afford to lose it even the broker is regulated, Its because the online leveraged trading is too risky. Anthony Milev reached out to me and was helpful and patient in helping me negotiate my demo account and also access the charts and tools on trading view.