FXCM Capital Markets; Account Types, Minimum Deposits And Services Offered
Account Types and Minimum Deposits
There are three types of accounts offered at FXCM:
FXCM offers traders multiple platforms for trading forex. Contract for Difference (CFD) trading is also available for non-US residents. Figure 1 shows the features offered by the different platforms. "TS" stands for Trading Station, FXCM's main platform. Active Traders have their own software that allows them to see market depth. MetaTrader 4 is a very popular trading platform used around the globe. Mirror Trading accounts mimic the trades of successful traders automatically in the account.
There are three types of accounts offered at FXCM:
- Standard accounts require a minimum deposit of $2000 (or 200,000 Yen) and caters to most traders or investors. Standard accounts can be opened in USD, EUR, GBP, CAD, NZD, AUD or JPY funds.
- Active Trader accounts are for traders doing significant monthly volume of $10 million or more. These accounts require a minimum $50,000 initial deposit. This account can only be opened with USD funds.
- Micro accounts only require a $50 deposit, and allows investors and traders to introduce themselves to the forex market and/or trade in very small increments. The account can only be opened with USD funds. (For related reading, see Forex Basics: Setting Up An Account.)
FXCM offers traders multiple platforms for trading forex. Contract for Difference (CFD) trading is also available for non-US residents. Figure 1 shows the features offered by the different platforms. "TS" stands for Trading Station, FXCM's main platform. Active Traders have their own software that allows them to see market depth. MetaTrader 4 is a very popular trading platform used around the globe. Mirror Trading accounts mimic the trades of successful traders automatically in the account.
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| Figure 1. FXCM Platform Features |
Next: FXCM Capital Markets; Commission Structure »
Table of Contents
- FXCM Capital Markets; Introduction
- FXCM Capital Markets; Account Types, Minimum Deposits And Services Offered
- FXCM Capital Markets; Commission Structure
- FXCM Capital Markets; Customer Support And Analysis Tools
- FXCM Capital Markets; Additional Info
- FXCM Capital Markets; Summary
by
Cory Mitchell
Cory Mitchell is a proprietary trader and Chartered Market Technician specializing in short to medium-term technical strategies. He is the founder of VantagePointTrading.com, a website dedicated to trader education and market analysis.
Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association. His free weekend newsletter includes trading strategies, tutorials, as well as stock and forex market analysis.
Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association. His free weekend newsletter includes trading strategies, tutorials, as well as stock and forex market analysis.
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