My opinion on FXCM
FXCM is a well-established broker founded in 1999, offering a solid range of CFD products across forex, stocks, indices, commodities, and cryptocurrencies for Canadian traders through its local regulated entity, Friedberg Direct. The broker distinguishes itself with transparent pricing, competitive spreads (EUR/USD from 1.3 pips), user-friendly and advanced platforms (Trading Station, MT4, NinjaTrader), and a clear focus on regulatory security (IIROC license in Canada). While its Trustpilot score stands at 3.9/5 from over 1,800 reviews, the overall offering is reliable and comprehensive, making FXCM a strong choice compared to competitors for those seeking well-regulated access, versatile instrument selection, and robust customer support. In my experience, this broker is best suited to the following trader profiles:
➡️ The active forex and CFD trader: this profile looks for dynamic trading opportunities across forex, indices, commodities, and crypto. FXCM’s competitive spreads, fast execution, and choice of platforms (Trading Station, MT4, NinjaTrader) make it well-suited for traders who operate frequently and value flexibility in their tools.
➡️ The strategy-focused trader using automation or advanced tools: this type of trader leverages expert advisors, custom indicators, or algorithmic strategies. FXCM appeals to this profile thanks to its platform diversity, support for automation (especially via MT4 and NinjaTrader), and detailed analytical features.
➡️ The cautious trader prioritizing regulatory security: this trader wants access to global markets while ensuring funds are protected under strict regulatory oversight. With its IIROC license through Friedberg Direct and transparent pricing, FXCM offers a trusted environment for traders wary of off-shore or lightly regulated brokers.
- ✅Competitive variable spreads (EUR/USD from 1.3 pips) and transparent fee structure
- ✅Regulated in Canada by IIROC (via Friedberg Direct) for strong client protection
- ✅Solid selection of instruments including CFD trading for forex, stocks, indices, commodities, ETFs, and major crypto pairs
- ✅User-friendly proprietary Trading Station platform plus MetaTrader 4 and NinjaTrader support
- ✅Advanced trading tools including automated trading options and sophisticated charting
- ✅Leverage up to 1:50 for forex, in line with Canadian regulations
- ✅Free demo account with $50,000 virtual capital and live pricing
- ✅Multilingual (EN/FR) and responsive customer support catering to Canadian clients
- ❌Minimum deposit for live account is relatively high ($5,000 CAD)
- ❌No direct copy trading or PAMM accounts available for retail clients
- ❌Crypto trading limited to CFDs—no spot, wallet, staking, or lending features
- ❌Withdrawal via bank wire can incur fees and may be slower compared to some fintech rivals
Score- ✅Competitive variable spreads (EUR/USD from 1.3 pips) and transparent fee structure
- ✅Regulated in Canada by IIROC (via Friedberg Direct) for strong client protection
- ✅Solid selection of instruments including CFD trading for forex, stocks, indices, commodities, ETFs, and major crypto pairs
- ✅User-friendly proprietary Trading Station platform plus MetaTrader 4 and NinjaTrader support
- ✅Advanced trading tools including automated trading options and sophisticated charting
- ✅Leverage up to 1:50 for forex, in line with Canadian regulations
- ✅Free demo account with $50,000 virtual capital and live pricing
- ✅Multilingual (EN/FR) and responsive customer support catering to Canadian clients
My opinion on FXCM
- ✅Competitive variable spreads (EUR/USD from 1.3 pips) and transparent fee structure
- ✅Regulated in Canada by IIROC (via Friedberg Direct) for strong client protection
- ✅Solid selection of instruments including CFD trading for forex, stocks, indices, commodities, ETFs, and major crypto pairs
- ✅User-friendly proprietary Trading Station platform plus MetaTrader 4 and NinjaTrader support
- ✅Advanced trading tools including automated trading options and sophisticated charting
- ✅Leverage up to 1:50 for forex, in line with Canadian regulations
- ✅Free demo account with $50,000 virtual capital and live pricing
- ✅Multilingual (EN/FR) and responsive customer support catering to Canadian clients
- ❌Minimum deposit for live account is relatively high ($5,000 CAD)
- ❌No direct copy trading or PAMM accounts available for retail clients
- ❌Crypto trading limited to CFDs—no spot, wallet, staking, or lending features
- ❌Withdrawal via bank wire can incur fees and may be slower compared to some fintech rivals
Score- ✅Competitive variable spreads (EUR/USD from 1.3 pips) and transparent fee structure
- ✅Regulated in Canada by IIROC (via Friedberg Direct) for strong client protection
- ✅Solid selection of instruments including CFD trading for forex, stocks, indices, commodities, ETFs, and major crypto pairs
- ✅User-friendly proprietary Trading Station platform plus MetaTrader 4 and NinjaTrader support
- ✅Advanced trading tools including automated trading options and sophisticated charting
- ✅Leverage up to 1:50 for forex, in line with Canadian regulations
- ✅Free demo account with $50,000 virtual capital and live pricing
- ✅Multilingual (EN/FR) and responsive customer support catering to Canadian clients
Why trust Hellosafe?
I took the time to sign up and trade with FXCM, going through the full process from account opening to actually placing live and demo orders on both the Trading Station and MetaTrader platforms. I paid special attention to trading fees, spreads, withdrawal times, and how effective customer support is for Canadian users.
I compared FXCM to other regulated CFD and crypto brokers available in Canada. This helped me notice where FXCM stands out—like wide platform support, transparent pricing, and a practical demo option—as well as some drawbacks, such as higher minimum deposits and fewer asset classes than some global competitors.
These insights are based entirely on my own trading experience and communication with their support team—not just what’s printed on their website. My goal is to help you see FXCM’s real strengths and potential limitations, whether you’re just getting started or trading actively, so you can make an informed choice.
FXCM at a glance
| Fonctionnalité | Détail |
|---|---|
| 💰 Dépôt minimum | $5,000 CAD (standard account); $50 minimum for card deposit |
| 🛡️ Régulation | IIROC (Canada, via Friedberg Direct); additional international licenses (FCA, ASIC, etc.) |
| 🪙 Licence crypto | No direct crypto license; crypto trading via CFDs |
| 📝 Enregistrement FSMA | Not registered |
| 📈 Actifs disponibles | Forex, stock CFDs, indices, commodities, ETFs, ETF CFDs, crypto CFDs |
| 📊 Plateformes de trading | Trading Station (web/desktop/mobile), MetaTrader 4 (MT4), NinjaTrader |
| 🛠️ Outils de trading | Advanced charting, analytics, automated trading, live prices |
| 📝 Compte démo | Yes, $50,000 virtual capital, no time limit specified |
| ☪️ Compte islamique | Yes, available on request (interest-free/swap-free) |
| 🏁 Ordres clés | Market, limit, stop, stop loss, take profit, conditional orders |
| ⚖️ Effet de levier | Up to 1:50 (forex, retail clients, per IIROC regs); varies by asset |
| 💸 Frais | No account opening fee; competitive spreads (EUR/USD from 1.3 pips); possible withdrawal fees |
| 📞 Support client | Toll-free phone, online contact form, English & French, 2:00–13:00 Quebec time |
| 🌟 Avis Trustpilot | 3.9 / 5 (1,800+ reviews, July 2024) |
Security and Regulation
FXCM demonstrates strong reliability and security for Canadian clients, primarily due to its IIROC regulation via Friedberg Direct, which ensures compliance with some of the most rigorous standards in the financial industry. Client funds are segregated from company assets, and FXCM’s transparency in fee structure and competitive spreads adds to its credibility. While the selection of crypto and stock CFDs is present, it is not as extensive as some global peers, which is a limitation for more diversified traders.
Risk controls are robust, with essential tools such as stop loss, take profit, and negative balance protection. Two-factor authentication is available, further strengthening account security. FXCM’s long track record in the industry, combined with solid user feedback, earns it a reputation as a trustworthy choice for forex and CFD traders in Canada.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | IIROC regulated in Canada (via Friedberg Direct); entities also regulated by FCA (UK), ASIC (Australia) | 5/5 |
| Fund security | Segregated client funds, standard for forex/CFD; no direct crypto custody | 4.5/5 |
| Risk management tools | Stop loss, negative balance protection, 2FA, platform-based order controls | 4.5/5 |
| Notoriety and coverage | Strong history, Trustpilot 3.9/5, generally positive user reputation | 4/5 |
Fees, Spreads & Commissions
FXCM’s fee structure for Canadian clients is primarily spread-based, with no account opening or maintenance fees, making cost transparency a clear strength. Minimum spreads start from 1.3 pips on major forex pairs like EUR/USD, which is in line with what I notice from other regulated Canadian brokers, though not the tightest globally. Commission details for stock and ETF CFDs are less explicit, but generally competitive, and particularly appealing for traders who seek a single-tier structure without surprises.
For commodities and indices, FXCM offers reasonably tight spreads (e.g., gold from 0.76 pips, crude oil from 0.04 pips on major contracts), but the actual trading cost can widen considerably during off-hours or volatile periods. Withdrawal fees are typically industry standard for wire transfers, but funding via card is usually free. Currency conversion fees apply when trading non-CAD assets—these can add up, so I recommend being aware of the base currency of your account and instruments you trade.
Crypto trading at FXCM is limited to CFDs, with variable spreads and no specific commissions. Though spreads are generally wider than on the most competitive crypto platforms, they remain accessible within the regulatory environment of Canada. The absence of deposit fees and inactivity charges for most users helps reduce the overall long-term cost.
What are the account-related fees?
| Fee Type | Conditions at FXCM | Market Average |
|---|---|---|
| Opening fee | $0 | $0–$50 |
| Maintenance fee | $0 | $0–$10/month |
| Withdrawal fee | Bank wire fees may apply (avg. $25–$40) | $0–$35 |
| Inactivity fee | Not explicit for CA; often $0 | $5–$30/month |
| Currency conversion fee | Applies for non-CAD assets (around 0.5%–1%) | 0.3%–1% |
Tip:
Minimize withdrawal costs by consolidating transfers to limit wire transactions. Optimize your trading by monitoring major session timings for the lowest spreads, and consider account base currencies that match your most frequently traded assets to reduce conversion fees.
What are the fees on stocks and ETFs?
Stock and ETF exposure at FXCM is through CFDs. Commissions are not always explicitly posted for Canadian users and tend to be baked into the spread for most products. There are no custody or stamp duty taxes, as these are synthetic trades and not ownership of the underlying shares.
| Fee Type | Conditions at FXCM | Market Average |
|---|---|---|
| Commission | Usually $0, or included in spread | $0–$7/trade (direct brokers) |
| Spread fee | Variable; often from 2–5 cents/share | 1–5 cents/share |
| Overnight fee | Applies; variable, see platform | Yes, varies |
| Custody fee | $0 (CFDs, not direct stocks) | $0–$2/month |
| UK stamp duty tax | $0 (not buying real shares) | 0.5% (if direct shares only) |
What are the fees on cryptocurrencies?
Crypto trading on FXCM is offered via CFDs, not underlying tokens. There are no direct commissions—costs are reflected in the spread, which can be 0.5% or higher, depending on market liquidity and volatility. No transfer or custody fees are charged, but overnight financing is applicable.
| Fee Type | Conditions at FXCM | Market Average (crypto/CFD brokers) |
|---|---|---|
| Buy/sell fees | $0 (cost in spread) | $0–$5/trade or 0.1%–0.5% |
| Spread fees | Variable; typically 0.5%–2% | 0.2%–1.5% |
| Overnight fees | Yes, varies by crypto/position | Yes, varies |
| Custody fees | $0 (CFDs, not spot coins) | $0–$5/month |
| Transfer fees | $0 (traded as CFD, not blockchain) | $0 (CFD); $1–$10 for withdrawals |
What are the fees on CFDs?
FXCM’s spreads on major forex and index CFDs are competitive for a regulated Canadian offering. Asset spreads may widen in volatile markets. Swap/overnight rates are market-driven and disclosed in the platform prior to order placement.
| Underlying Asset | Maximum Leverage | Spread at FXCM | Overnight Fee | Market Average (CFD brokers) |
|---|---|---|---|---|
| CFD Stocks | Up to 1:5 | From 2 cents/share | Variable | 1–5 cents/share + swap |
| Gold (XAU/USD) | Up to 1:20 | From 0.76 pips | Variable | 0.3–1.5 pips |
| Silver (XAG/USD) | Up to 1:10 | From 0.05 pips | Variable | 0.05–0.15 pips |
| Oil (WTI) | Up to 1:10 | From 0.04 pips | Variable | 0.03–0.10 pips |
| EUR/USD | Up to 1:50 | From 1.3 pips | Variable | 0.7–1.5 pips |
| EUR/GBP | Up to 1:50 | From 2.0 pips | Variable | 1.0–2.0 pips |
| USD/JPY | Up to 1:50 | From 1.4 pips | Variable | 0.7–1.5 pips |
| GBP/USD | Up to 1:50 | From 1.8 pips | Variable | 1.0–2.0 pips |
| BEL 20 (BEL20) | Up to 1:10 | Variable, see platform | Variable | 1–3 points |
| BTC/USD (crypto CFD) | Up to 1:2 | Typically 0.5%–2% | Variable | 0.5%–1.5% |
Assets & Markets
FXCM provides access to a solid range of tradable instruments for Canadian residents, with a particular emphasis on forex pairs and global CFD products. I consider FXCM’s forex coverage to be a core strength: major, minor, and some exotic pairs are all available, with leverage aligned to Canadian regulatory limits. This serves both active forex traders and those seeking diversified currency exposure.
The platform offers a broad menu of CFD products, including an attractive lineup of US, UK, and European stock CFDs, as well as key global indices and commodities such as gold, silver, and oil. This extensive multi-asset selection allows for robust portfolio diversification or targeted market plays from a single account. While ETFs and ETF CFDs are included, the list is not as deep as the stock CFD universe, and there’s currently no direct spot market access for physical stocks or ETFs.
For crypto traders, FXCM supports trading in major cryptocurrencies via CFDs (BTC/USD, ETH/USD, LTC/USD), but does not offer spot crypto ownership, staking, or wallet services. Although this is typical for regulated forex/CFD brokers, the crypto lineup is more limited compared to dedicated digital asset exchanges. Additionally, there are no bond markets, stablecoins, or NFT offerings at present.
FXCM does not offer bonds, stablecoins, or non-fungible token trading, keeping its focus primarily on classic CFD and forex markets. The overall coverage remains ample for most retail and advanced traders seeking leveraged access to major global markets through a regulated Canadian broker.
| Asset Class | Type | Number at FXCM | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | CFD | 100+ | 100–2,000+ | Tesla, Shopify, BP |
| ETFs | CFD | 10+ | 20–100+ | SPDR S&P 500, iShares Core MSCI |
| Cryptocurrencies | CFD | 5+ | 10–50+ | BTC/USD, ETH/USD, LTC/USD |
| Currencies | Forex (CFD) | 30+ | 30–70 | EUR/USD, USD/CAD, GBP/JPY |
| Commodities | CFD | 8+ | 8–20 | Gold, Crude Oil, Silver |
| Indices | CFD | 12+ | 10–20 | S&P 500, Nasdaq 100, FTSE 100 |
| Bonds | Not available | 0 | 2–10 | – |
| Stablecoins | Not available | 0 | 2–5 | – |
| NFTs | Not available | 0 | 0–3 | – |
| Other derivatives | Not specified | Not listed | Variable | – |
Trading Tools & Apps
FXCM provides Canadian traders with a selection of industry-standard and proprietary platforms, each with its own set of advantages. Trading Station stands out for its advanced analytic tools and ergonomic layout, making daily navigation, order entry, and charting exceptionally efficient. Mobile, web, and desktop versions give me flexibility to manage trades and monitor markets from practically anywhere, all while maintaining a consistent interface and workflow.
MetaTrader 4 integration is a key feature, catering to those who value automated strategies, custom indicators, or the familiarity of the MT4 ecosystem. Algorithmic trading is well supported, with expert advisor compatibility and an extensive library of third-party tools. While not as modern as some newer interfaces, MT4’s robustness and widespread use make it relevant for both systematic and discretionary traders.
For clients seeking specialized functionality, NinjaTrader access is a positive addition, bringing advanced order management and customizable charting, suited mainly for active, experienced traders. However, copy trading and PAMM options are reserved for introducing and referring brokers, limiting direct retail access to social trading functionalities.
Order execution at FXCM is quick and encompasses all major order types—market, limit, stop-loss, trailing stop, and take-profit—supporting effective risk control. The interface across platforms is responsive, supporting both rapid-fire trades and more strategic setups. Crypto trading is limited to CFDs, and the absence of cryptocurrencies in wallet or spot format, as well as no staking or earn options, restricts FXCM’s platform innovation compared to specialized digital asset brokers.
New traders can leverage demo mode for deep, risk-free exploration. Asset screening is straightforward and technical analysis tools, especially within Trading Station, cover a broad range of needs. Overall platform usability ranks highly for both beginner and advanced user profiles, though expansion into direct social trading and crypto-native features would further enhance competitiveness.
| Feature | Verified Details |
|---|---|
| Mobile app | Trading Station (proprietary) for iOS/Android, MetaTrader 4 mobile; no standalone crypto app or wallet |
| Usability | Fluid, modern interface (Trading Station); technical and highly customizable (MT4, NinjaTrader) |
| Compatible software | Trading Station, MetaTrader 4, NinjaTrader; no TradingView or MT5; no crypto wallet integration |
| Order types | Market, limit, stop-loss, take-profit, trailing stop, conditional orders; OCO via advanced entry options |
| Charting and technical analysis | Advanced tools in Trading Station; custom indicators in MT4; multi-chart layout, built-in analytics |
| Auto trading / Automated strategies | MT4 Expert Advisors, scripts, backtesting; limited algorithm support in Trading Station |
| Algorithmic trading | Supported in MT4 (EAs); NinjaTrader scripting; limited in Trading Station |
| Negative balance protection | Yes, for CFD/Forex under IIROC regulations |
| Trading signals | Customizable alerts in Trading Station/MT4; no TradingView or built-in crypto signals |
| Asset search and filters | Advanced search and symbol filtering available across all desktop and web platforms |
| Spot stock purchase | Not available (CFDs only for stocks and ETFs) |
| Staking and earn | Not available |
Tip
Take full advantage of demo accounts on all FXCM platforms to master advanced order types and test indicator combinations. This not only shortens your learning curve but helps tailor desktop and mobile layouts to your personal workflow, resulting in faster and more confident execution.
Account Opening and Deposits
Account opening
Opening an account with FXCM is an online process that emphasizes regulatory compliance and client security. Start by accessing MYFXCM.com, where you complete a digital registration form with your personal and financial details, including information on trading experience and risk tolerance as required by IIROC regulations.
You must upload KYC documents: a government-issued ID (such as a passport or driver’s license), and a recent proof of address (like a bank statement or utility bill). The application also includes questions about your financial situation (annual income, assets, net worth) to ensure suitability for leveraged products.
Once you submit all documents, FXCM reviews your application, which typically takes one business day but may be longer if additional information is required or during peak periods. After approval, you will receive a confirmation email with instructions for funding your account and accessing the trading platform.
Good to know
Carefully select your account base currency during registration—this can help you avoid later conversion fees for both deposits and withdrawals. Delays most often occur due to unclear or incomplete documentation.
| Item | Details |
|---|---|
| Opening procedure | Online registration at MYFXCM.com, financial questionnaire, KYC (ID + address), document upload |
| Validation time | Usually 1 business day; may be longer during peak or if further info is needed |
| Accepted deposit methods | Credit/debit card (Visa, MasterCard), bank wire transfer |
| Minimum required deposit | $5,000 CAD (usually), $50 CAD minimum for card deposits |
| Required documents | Government-issued ID, proof of address, financial details (income/assets/net worth) |
| Practical tip | Upload clear, legible copies of all documents to reduce the risk of processing delays |
Deposits and withdrawals on FXCM
With FXCM, you can fund your account via credit/debit card (Visa, MasterCard) or bank wire transfer. Card deposits are usually instant and require a minimum of $50 CAD per transaction (maximum $10,000 CAD). Bank wires do not have a set minimum and are processed according to your bank’s timelines, typically posting to your FXCM account within 1–2 business days for domestic wires.
Withdrawals are made via bank wire transfer; they generally take 1–2 business days within Canada but may be longer for international destinations. FXCM does not provide e-wallet, stablecoin, or direct crypto deposit/withdrawal facilities. Card deposit fees are not charged by FXCM, but your bank may apply charges for wires, especially international ones. Note that no integrated crypto wallet or fiat-to-crypto conversion is available for Canadian accounts.
Good to know
Confirm your account base currency before funding to avoid unnecessary currency conversion costs. Allow for extra processing time around holidays and weekends, and check with your bank regarding possible transfer fees.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | CAD | $50 CAD | Instant | None from FXCM; card provider fees may apply |
| Bank transfer | CAD | None (practical minimum may apply) | 1–2 business days (domestic); longer for international | Bank fees (especially international) |
| E-wallets | Not available | – | – | – |
| Stablecoins/cryptos | Not available | – | – | – |
| Other local options | Not specified | – | – | – |
Account Types
FXCM is a well-established CFD and Forex broker serving Canadian clients exclusively through its partnership with Friedberg Direct under IIROC regulation. The platform delivers a classic suite of brokerage accounts for retail and professional clients, including swap-free Islamic options, and enables access to a broad selection of global CFDs (forex pairs, indices, commodities, stock and ETF CFDs, and major crypto CFDs). While not a dedicated crypto platform, FXCM covers essential needs for both beginner and experienced traders, offering demo accounts for risk-free practice, a range of base currencies, and robust trading tools on both proprietary and third-party platforms. Note that features like staking or cold crypto storage are not available.
| Account type | Available | Main features |
|---|---|---|
| Demo account | ✅ | Unlimited use, $50,000 virtual funds, real market conditions, ideal for training and test strategies |
| Standard account | ✅ | Minimum $5,000 CAD, access to all FXCM markets, retail trading, competitive variable spreads |
| Raw ECN account | ❌ | No explicit Raw/ECN account for Canadian users; all pricing is spread-based |
| Islamic account | ✅ | Interest-free trading eligible on application (swap-free; approval required) |
| Professional account | ✅ | Higher leverage and advanced features for qualified users (must meet eligibility—usually for experienced traders) |
| CFD account | ✅ | All live accounts are multi-asset CFD accounts (forex, indices, stocks, commodities, crypto CFDs) |
| Classic securities account | ❌ | No direct stock purchase—all stock trading is via CFDs |
| Staking/earn account | ❌ | Not available; no crypto yield or DeFi programs |
| Cold storage account | ❌ | Not available; crypto exposure is CFD only, not direct or wallet-based |
| Tax-advantaged account | ❌ | Not supported; RRSP, TFSA, etc. not available through FXCM |
| Accepted base currencies | – | CAD, USD, EUR, GBP, JPY (varies by platform and funding method) |
Tip
FXCM’s demo account is a low-risk way to test platform features and spreads before committing real funds.
If you seek swap-free trading, submit your Islamic account application right after registration—approval can require extra verification time.
Confirm your base currency on account setup to avoid ongoing conversion fees.
Customer reviews
FXCM has an overall Trustpilot rating of 3.9 out of 5, based on more than 1,800 user reviews. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Straightforward account opening and user-friendly platform
- Fast order execution and reliable trade processing
- Responsive and helpful customer service, with support in English and French
- Competitive spreads on major forex pairs
- Good range of supported trading platforms (Trading Station, MT4, NinjaTrader)
- Availability of an Islamic (swap-free) account option
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Slow withdrawal processing reported by some users
- Limited selection of stock CFDs and crypto assets for Canadian clients
- Occasional technical issues or platform downtime during volatile periods
- No direct copy trading or PAMM for individual retail traders
- Account minimum deposit seen as high for new or small traders
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
J.S. – 22/06/2024 : “FXCM offers a great platform and fast execution. Customer service is responsive and helpful.” L.M. – 18/05/2024 : “Spreads are competitive, but withdrawal process can be slow at times.” R.D. – 04/04/2024 : “Good for forex trading, but would like to see more stock CFDs and crypto options.”
FAQ
Is FXCM regulated in CA?
FXCM operates in Canada through Friedberg Direct, which is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). This ensures that Canadian clients’ accounts are subject to robust local regulatory oversight.
What is the minimum deposit on FXCM?
The minimum deposit to open a new account as a Canadian resident is $5,000 CAD, though some funding methods may have lower per-transaction minimums. Card deposits require at least $50 CAD.
Does FXCM offer a welcome bonus?
FXCM does not typically offer a welcome bonus or sign-up rewards for new Canadian clients. Promotional offerings may vary by region and time, so check the FXCM website for current information.
How does leverage work on FXCM?
Leverage on FXCM for Canadian clients is regulated by IIROC, with a maximum of 1:50 for forex. Leverage for other asset classes such as indices, commodities, and crypto CFDs varies by instrument and regulatory requirements.
How does FXCM make money?
FXCM earns revenue through spreads on trades, commissions for certain products, rollover/overnight fees, and currency conversion charges where applicable. Fees are transparent and vary by asset and trade size.
Who is behind FXCM?
FXCM is an established international brokerage brand, owned by Jefferies Financial Group. In Canada, it delivers trading services in partnership with Friedberg Direct, a recognized name in Canadian financial services.
When was FXCM launched?
FXCM was launched in 1999 and has grown to serve clients worldwide, including Canadian traders via a regulated local entity.
Does FXCM offer copy trading or social trading?
FXCM Canada does not provide copy trading or direct social trading features for retail clients. PAMM accounts may be available to introducing or referring brokers, not individual traders.
How can I contact FXCM’s customer service?
You can reach FXCM customer service by toll-free phone at +1 888-296-5012, or through the online contact form. Support is provided in English and French, with operating hours from 2:00 to 13:00 Quebec time (Eastern Time).
Does FXCM offer any promotions or referral programs?
FXCM does not offer ongoing promotions or referral programs for Canadian clients at this time. Promotions may be introduced occasionally, so it’s advisable to check FXCM’s official website for updates.
Does FXCM provide insurance or proof-of-reserve for customer funds?
Accounts with FXCM in Canada are protected under IIROC regulations, which include requirements for segregation of client funds and eligibility for Canadian Investor Protection Fund (CIPF) coverage up to certain limits. FXCM does not offer a specific proof-of-reserve for crypto CFDs, as crypto trading is provided through derivatives.
Is FXCM regulated in CA?
FXCM operates in Canada through Friedberg Direct, which is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). This ensures that Canadian clients’ accounts are subject to robust local regulatory oversight.
What is the minimum deposit on FXCM?
The minimum deposit to open a new account as a Canadian resident is $5,000 CAD, though some funding methods may have lower per-transaction minimums. Card deposits require at least $50 CAD.
Does FXCM offer a welcome bonus?
FXCM does not typically offer a welcome bonus or sign-up rewards for new Canadian clients. Promotional offerings may vary by region and time, so check the FXCM website for current information.
How does leverage work on FXCM?
Leverage on FXCM for Canadian clients is regulated by IIROC, with a maximum of 1:50 for forex. Leverage for other asset classes such as indices, commodities, and crypto CFDs varies by instrument and regulatory requirements.
How does FXCM make money?
FXCM earns revenue through spreads on trades, commissions for certain products, rollover/overnight fees, and currency conversion charges where applicable. Fees are transparent and vary by asset and trade size.
Who is behind FXCM?
FXCM is an established international brokerage brand, owned by Jefferies Financial Group. In Canada, it delivers trading services in partnership with Friedberg Direct, a recognized name in Canadian financial services.
When was FXCM launched?
FXCM was launched in 1999 and has grown to serve clients worldwide, including Canadian traders via a regulated local entity.
Does FXCM offer copy trading or social trading?
FXCM Canada does not provide copy trading or direct social trading features for retail clients. PAMM accounts may be available to introducing or referring brokers, not individual traders.
How can I contact FXCM’s customer service?
You can reach FXCM customer service by toll-free phone at +1 888-296-5012, or through the online contact form. Support is provided in English and French, with operating hours from 2:00 to 13:00 Quebec time (Eastern Time).
Does FXCM offer any promotions or referral programs?
FXCM does not offer ongoing promotions or referral programs for Canadian clients at this time. Promotions may be introduced occasionally, so it’s advisable to check FXCM’s official website for updates.
Does FXCM provide insurance or proof-of-reserve for customer funds?
Accounts with FXCM in Canada are protected under IIROC regulations, which include requirements for segregation of client funds and eligibility for Canadian Investor Protection Fund (CIPF) coverage up to certain limits. FXCM does not offer a specific proof-of-reserve for crypto CFDs, as crypto trading is provided through derivatives.
