FXCM Review 2026
Full FXCM review for South Africa traders — regulation, spreads, fees and our honest verdict.
Regulation in South Africa
| Regulator | FSCA — Financial Sector Conduct Authority (FSCA) |
| Licence Number | 46534 |
| Regulated Entity | FXCM South Africa Pty Ltd |
| Max Leverage (Forex) | 1:400 |
| Minimum Deposit | $50 |
| EUR/USD Spread | From 1.3 pips |
| Instruments | 300+ |
| Platforms | Trading Station, MT4, NinjaTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD50/month after 12 months |
Verdict
Regulated by FSCA (licence 46534). Minimum deposit $50. In South Africa: maximum forex leverage 1:400.
About FXCM
FXCM was founded in 1999 and is headquartered in London, UK. The broker offers 300 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by FXCM South Africa Pty Ltd under FSCA.
In South Africa, FXCM operates as FXCM South Africa Pty Ltd, authorised by FSCA under licence number 46534. South Africa traders are subject to a maximum leverage of 1:400 on forex pairs under FSCA rules.
Trading Platforms
Pros
- FSCA regulated — licence 46534
- 300+ instruments to trade
- Negative balance protection in South Africa
- Platforms: Trading Station, MT4, NinjaTrader
Cons
- Inactivity fee: USD50/month after 12 months
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is FXCM regulated?
FXCM holds FSCA licence 46534, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSCA public register.
What is the minimum deposit for FXCM in South Africa?
The minimum deposit is $50. This is the amount required to open a live trading account for traders in South Africa under FSCA regulation.
What leverage does FXCM offer in South Africa?
In South Africa, FXCM offers maximum forex leverage of 1:400 under FSCA rules. Higher leverage may be available through offshore-regulated entities.
Is FXCM safe to trade with?
FXCM is regulated by FSCA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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