FXCM Capital Markets; Account Types, Minimum Deposits And Services Offered
  1. FXCM Capital Markets; Introduction
  2. FXCM Capital Markets; Account Types, Minimum Deposits And Services Offered
  3. FXCM Capital Markets; Commission Structure
  4. FXCM Capital Markets; Customer Support And Analysis Tools
  5. FXCM Capital Markets; Additional Info
  6. FXCM Capital Markets; Summary

FXCM Capital Markets; Account Types, Minimum Deposits And Services Offered

Account Types and Minimum Deposits
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.)
Services Offered
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.



Figure 1. FXCM Platform Features
FXCM Capital Markets; Commission Structure

  1. FXCM Capital Markets; Introduction
  2. FXCM Capital Markets; Account Types, Minimum Deposits And Services Offered
  3. FXCM Capital Markets; Commission Structure
  4. FXCM Capital Markets; Customer Support And Analysis Tools
  5. FXCM Capital Markets; Additional Info
  6. FXCM Capital Markets; Summary
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RELATED FAQS
  1. For what types of accounts are demand deposits available?

    Learn about the different types of accounts designated as demand deposit accounts, such as savings accounts and money market ... Read Answer >>
  2. What types of accounts are available for forex trading?

    There are many different types of forex accounts available to the retail forex trader. Demo accounts are offered by forex ... Read Answer >>
  3. What should I look for when choosing a forex trading platform?

    A trading platform is a piece of software that acts as a conduit for information between a trader and a broker. A trading ... Read Answer >>
  4. What determines the interest rate in my money market account?

    Placing funds in a money market account may provide a higher interest rate than a savings account due to the underlying securities ... Read Answer >>
  5. What are the Federal Reserve's guidelines on demand deposit accounts?

    Read about some of the Federal Reserve's requirements and guidelines regarding the treatment, safeguarding and processing ... Read Answer >>
  6. What does it mean when the shares in my account have been liquidated?

    An account liquidation occurs when the holdings of an account are sold off by the firm in which the account was created. ... Read Answer >>

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