Is FXCM a regulated broker?
Yes, FXCM is regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. This regulatory oversight ensures that FXCM adheres to strict financial standards and practices.
What are the spreads and commissions at FXCM?
FXCM offers competitive spreads and transparent pricing. For example, Active Trader account users can access spreads as tight as 0.2 pips on major currency pairs. Standard accounts typically have slightly wider spreads but do not charge additional commissions. It's important to review the specific trading costs associated with your chosen account type and instruments.
How can I deposit funds into my FXCM account?
You can deposit funds by logging into MyFXCM.com and selecting the "Deposit" option. FXCM offers various funding methods, including credit/debit cards, bank wire transfers, and e-wallets. Processing times and available methods may vary depending on your region.