Open an FXCM Mini Account : Forex Capital Markets

Open an FXCM Mini Account : Forex Capital Markets

Name of the Organization : Forex Capital Markets


Type of Facility : Open an FXCM Mini Account

Head Office : Johannesburg


FXCM Open an Mini Account

Step 1 :

** Review our account types, then complete the form on the right.

Mini : For Smaller Accounts

Related : Forex Trading Contest :

** $50 min ( approx. R 699 )* up to 400:1 on FX up to 200:1 on CFDs 21 Forex Pairs 18 CFD instruments Dealing Desk Spreads Only


Standard : Most Popular

** $2,000 min ( approx. R 27952 )* 100:1 on FX up to 200:1 on CFDs 39 Forex Pairs 18 CFD instruments No Dealing Desk Spread + Commission

Active Trader : Elite Pricing

** $25,000 min ( approx. R 349403 )* 100:1 on FX up to 200:1 on CFDs 39 Forex Pairs 18 CFDs instruments No Dealing Desk Spread + Reduced Comm

** Please note that the conversions in South African Rand are an approximation.

** They are used for illustrative purposes only and they do not constitute the rate at which funds will be converted when funding an FXCM account.


Compare Account Types

** The Mini Account is ideal for new traders with trading costs all within the spread.

** The Standard Account offers Low Commission pricing similar to stocks.

** Reduced commissions are available to high-volume traders.

Step 2 :


** You will then be directed to a secure website. Fill out the application.

** FXCM Account Application

Step 3 :

** You will be provided with a username and password upon completeing the application.


** Log in to the myfxcm client portal, deposit funds, and start trading.

Supporting Documentation

** Typically you will need to submit a certified copy of your ID and a certified Proof of Residence (such as a bank statement stamped by your bank) issued within the last six months. Learn More

** FXCM LTD will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form.

** For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.

Notice :

** This product summary should be read in conjunction with our Terms of Business.

** While every effort has been made to ensure the accuracy of this guide, this information is subject to change, often without notice, and therefore is for guidance only.


** If you ever have any questions please contact FXCM directly.

Mini Accounts :

** Mini accounts offer 18 CFD instruments and 21 currency pairs, and default to dealing desk execution where price arbitrage strategies are prohibited.

** FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Mini accounts with equity less than 10,000 CCY have 400:1 forex leverage; between 10,000 and 20,000, have 200:1. Mini accounts with equity greater than 20,000 will be switched to a Standard account with 100:1 leverage, No Dealing Desk execution, and low spreads + commissions. See Execution Risks.

Compensation :

** When executing customers’ trades, FXCM can be compensated in several ways, which include, but are not limited to: charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.


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