Editor’s Verdict
The FXCM minimum deposit requirement for the individual account types, CFD and Active Trader is $50 or a local currency equivalent. There is no minimum requirement for deposits via bank wires. Corporate, Trust, and IRA accounts, if geographically available as an option, require a minimum deposit of $50,000.
The FXCM Minimum Deposit Overview
MinimumDeposit | FXCM | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
Commission-Free | $50 | $0 | $1 | $100 | $100 |
Commission-Based | N/A | $0 | $1 | $100 | $100 |
How to Make a Deposit with FXCM
Traders must deposit into their FXCM trading account before using it. While the FXCM minimum deposit requirement is only $50, it optimally requires a larger deposit to be able to trade effectively. Therefore, traders should consider higher deposits and plan additional ones until their portfolio grows to support an income that warrants the investment of time and capital.
Traders must satisfy the following conditions before making the FXCM minimum deposit:
- Open a live trading account.
- Pass mandatory AML/KYC verification.
- Have funds in their preferred payment processors under the name matching the FXCM trading account.
Here is how to deposit with FXCM:
- Log into the FXCM client portal with the login details given by FXCM.
- Select “Deposit”
- Choose the preferred payment processor.
- Follow the on-screen instructions.
Noteworthy:
- Most deposits are instant, but FXCM states that delays of up to one business day may occur.
- The FXCM client portal will only list available payment processors.
FXCM Deposit Fees and Deposit Methods
There are no FXCM deposit fees. Therefore, if a trader makes the $50 FXCM minimum deposit into a US Dollar base account, they will receive $50. Traders should consider potential currency conversion and third-party payment processor costs. Geographic restrictions exist on most payment processors except bank wires and credit/debit cards.
FXCM deposit methods, internal processing times, and known transaction limitations are summarized below:
Deposit Method | Processing Time | Deposit Currencies | Minimum Single Deposit | Maximum Single Deposit | WithdrawalOption |
|---|---|---|---|---|---|
Bank wires | Two to five days | All supported currencies | $0 | Unlimited | Yes |
Credit/debit | Up to 24 hours | All supported currencies | $50 | $30,000 | Yes |
PayPal | Up to 24 hours | GBP, EUR, USD | $50 | Unlimited | Yes |
Google Pay | Up to 24 hours | All supported currencies | $50 | $30,000 | Yes |
Apple Pay | Up to 24 hours | All supported currencies | $50 | $30,000 | Yes |
Open Banking | Up to 24 hours | All supported currencies | $50 | Undisclosed | Yes |
Skrill | Up to 24 hours | USD | $50 | $20,000 | Yes |
Neteller | Up to 24 hours | USD | $50 | $20,000 | Yes |
Klarna | Up to 24 hours | EUR | $50 | $5,000 | Yes |
Rapid Transfer | Up to 24 hours | EUR, GBP | $50 | $5,000 | Yes |
China UnionPay | Up to 24 hours | All supported currencies | $50 | Undisclosed | Yes |
Cryptocurrencies | Up to 24 hours | All supported currencies | $50 | Undisclosed | Yes |
Noteworthy:
- The FXCM deposit screen will list all available payment methods.
- Withdrawals must follow the same method as used for the deposit, especially for the initial deposit.
- Most traders must deposit in US Dollars.
FXCM deposit methods vs. similar brokers
DepositMethods | FXCM | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
Bank wires | Yes | Yes | Yes | Yes | Yes |
Credit/debitcards | Yes | Yes | Yes | Yes | Yes |
Skrill | Yes | Yes | Yes | Yes | Yes |
WebMoney | No | No | Yes | Yes | No |
ChinaUnionPay | Yes | Yes | No | Yes | No |
PerfectMoney | No | No | Yes | No | No |
Othere-wallets | Yes | Yes | Yes | Yes | Yes |
LocalizedMethods | Yes | Yes | Yes | No | No |
Crypto-currencies | Yes | Yes | Yes | No | No |
FXCM Deposit Currencies
Traders should differentiate between account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency denomination of a trading account, and the latter are currencies available for deposits through payment processors. FXCM notes it accepts all available deposit currencies supported by payment processors.
FXCM supports the following account base currencies:
- US Dollar
- Euro
- British Pound
- Swiss Franc
- Canadian Dollar
- Australian Dollar
- New Zealand Dollar
- Japanese Yen
FXCM supports the following deposit currencies:
- All currencies supported by the available payment processors.
Noteworthy:
- A currency conversion fee applies for deposits in an unsupported account base currency.
- FXCM has a four-tier currency conversion structure with markups of 10, 50, 100, and 150 pips, with most traders paying 150 pips.
FXCM trading account currencies vs. similar brokers:
AccountCurrencies | FXCM | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
US Dollar | Yes | Yes | Yes | Yes | Yes |
Euro | Yes | Yes | Yes | Yes | Yes |
British Pound | Yes | Yes | No | Yes | Yes |
Swiss Franc | Yes | Yes | No | No | Yes |
AustralianDollar | Yes | Yes | No | No | No |
Others | Yes | Yes | Yes | No | Yes |
Total | 8 | 10 | 3 | 3 | 10 |
Steps for Sending the FXCM Minimum Deposit
The secure and user-friendly FXCM client portal manages the FXCM minimum deposit, which functions similarly to online banking. The FXCM minimum deposit is $50. Traders may deposit via bank wires, credit/debit cards, PayPal, Google Pay, Apple Pay, Open Banking, Skrill, Neteller, Klarna, Rapid Transfer, China UnionPay, and cryptocurrencies, but geographic restrictions may apply.
Only verified accounts can make the FXCM minimum deposit, and the name on the payment processor must match that of the FXCM account. FXCM credits most deposits within 24 hours, but e-wallets and credit/debit cards usually take minutes.
Here is a step-by-step guide to sending your FXCM minimum deposit:
1. Log into the FXCM client portal and navigate to “Deposit” next to the trading account you wish to deposit.
2. Choose your desired payment processor and follow the on-screen instructions.
3. FXCM notifies clients once it credits the deposit to the trading account.
FXCM Minimum Deposit - Pros & Cons
Before making the FXCM minimum deposit, traders should consider the pros and cons of FXCM. They should evaluate the trustworthiness of the broker and the security of funds.
The pros of the FXCM minimum deposits are:
- Segregation of client deposits from corporate funds
- Founded in 1999 and compliant with seven regulators.
- No internal deposit fees.
- Availability of cryptocurrencies and e-wallets
The cons of the FXCM minimum deposits are:
- High currency conversion fees of 150 pips for deposits below $10,000
- History of malpractice resulting in the loss of US license
- Lack of deposit details
FXCM Minimum Deposit Bottom Line
The FXCM minimum deposit for individual accounts is $50 or a currency equivalent. While FXCM offers eight account base currencies, most traders only get US Dollar accounts unless they reside in a country where the other seven currencies are the default choice.
Internal processing times for most payment processors are almost instant, but FXCM states up to 24 hours, except for bank wires, which can take up to five days.
Traders should also consider potential third-party payment processing charges. FXCM does not levy internal deposit fees except for a currency conversion fee on deposits below $10,000. For additional information on FXCM, please visit our in-depth FXCM Review. FXCM offers bank wires, credit/debit cards, PayPal, Google Pay, Apple Pay, Open Banking, Skrill, Neteller, Klarna, Rapid Transfer, China UnionPay, and cryptocurrencies, as deposit methods. The FXCM minimum deposit is $50 or a currency equivalent. No, FXCM does not have a no-deposit bonus.FAQs
What are FXCM’s deposit methods?
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