FXCM review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
FXCM suits UK traders who want forex, CFDs and crypto under a single FCA licence, with investor protection of FSCS up to GBP 85,000. The trade-off is the risk profile: 63% of retail accounts here lose money, so a modest, regular position size matters more than the market list.
Key facts
- Best for
- UK traders wanting forex, CFDs and crypto under one FCA licence
- Minimum deposit
- $50↗
- Markets
- Forex, CFDs, Crypto↗
- Regulators
- FCA↗
- Investor protection
- FSCS up to GBP 85,000↗
- Retail accounts that lose money
- 63%↗
- Legal entity
- Stratos Markets Limited↗
- Official website
- fxcm.com
Facts checked September 26, 2026, 3 sources
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- A single UK regulator, the FCA, with the licence number published as 217689.
- Protection for client claims is stated as FSCS up to GBP 85,000.
- One account covers forex, cfds and crypto, so currency, CFD and crypto positions sit together.
Cons
- A $50 minimum deposit sits above €22.58, the entry typical of forex brokers on the site.
- 63% of retail accounts lose money, so a written plan matters more than the market list.
- A test account at CFI starts at $0, so FXCM's $50 is the costlier way to try a leveraged market.
Who it suits
- UK traders who want forex, cfds and crypto on one account under a single FCA licence.
- Readers who put the regulated entity and its licence number above the brand name, and both are published: Stratos Markets Limited and 217689.
- Traders who can fund $50 comfortably and work in smaller increments than that.
Who should look elsewhere
- Traders after shares, ETFs, funds or bonds, since FXCM's markets are forex, cfds and crypto.
- Anyone put off by a deposit, since bunq opens at €10 and CFI at $0.
- People outside the UK, since FXCM lists the FCA only, while Fiesta Credito MX lists CONDUSEF.
Safety of your money
FXCM is regulated by the FCA, and its UK reference number is 217689. Only one regulator is listed, so the account sits with a single UK register, which is the first place to check. Protection for client money is stated as FSCS up to GBP 85,000, and that is the figure to hold in mind if a claim ever comes up.
Who runs it
The UK account is run by Stratos Markets Limited, the legal entity behind the brand, and the reference number 217689 is the same one that appears on the regulator's register, so the paperwork and the register entry point to one firm. The trading brand and the regulated company are rarely the same name, so check the entity on your own account documents before funding it.
How FXCM compares
8.7 vs 9.4
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8.7 vs 9.2
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8.7 vs 9.2
8.7 vs 9.2
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8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 8.8
Where FXCM is available
- Available
- Everywhere except United States
- Licence in United Kingdom
- FCA (217689), checked September 26, 2026
Frequently asked questions
What is the minimum deposit at FXCM?+
FXCM lists a minimum deposit of $50, and that is the number to plan around before opening an account. The figure across brands on the site is €0.88, so FXCM asks for more than the typical entry. A small first position still fits inside it.
Who regulates FXCM in the UK?+
The regulator is the FCA, and the firm's reference number is 217689. That is the single entry to check on the register, and it links the brand to the company that holds client money rather than to a marketing name.
How much protection is there for client money?+
Protection is stated as FSCS up to GBP 85,000. Read it as a ceiling on a claim, not as a cushion for trading losses, so it is worth weighing against the size of any position before opening. The account trades leveraged markets, and the two are not the same thing.
Which markets are on offer?+
The listed markets are forex, cfds and crypto, so currency, CFDs and crypto sit on one account. Shares, ETFs, funds and bonds fall outside forex, cfds and crypto, so a reader after those would need a different kind of platform rather than a different account here.
How many retail accounts lose money?+
The retail loss figure for FXCM is 63%, against 72.13% across forex brokers on the site. Leveraged trading ends with a loss for most accounts, so the figure sets the starting expectation rather than a reason to pick smaller markets.
Which company holds the account?+
The UK entity is Stratos Markets Limited, and it is the company that carries the licence reference 217689. The trading brand and the regulated company are different names, so the entity on the account terms is the one that counts for regulation and protection.
How does the minimum deposit compare with the alternatives?+
The entry deposits differ: bunq lists €10 and CFI lists $0, while FXCM lists $50. For a first small position that gap is the practical difference, and beyond it the markets and the licence do the deciding.
Sources
- brokerchooser.com/broker-reviews/fxcm-review/fxcm-cfd checked September 26, 2026
Backs: Investor protection, Legal entity, Regulators, Retail accounts that lose money, Licences
“Stratos Markets Limited: FCA registration number 217689”
- forexsuggest.com/fxcm-review checked September 26, 2026
Backs: Minimum deposit
“Minimum Deposit 50 USD - Standard account”
- fxcmaffiliates.com checked September 26, 2026
Backs: Markets
“Variety of Trading Products including Forex and CFDs in Cryptos, Commodities & more”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Stock trade fee, Account fee, Inactivity fee.