FXCM South Africa (PTY) Ltd Is authorized by FSP (South Africa) registration no. 46534 For the globally presented offices, each of them as a branch of Forex Capital Markets Limited, follows country financial authority and licensed accordingly.
FXCM belongs to one of the high ranked forex brokers at the international level. This FXCM review guides about their services, products.
They are also regulated in Germany, Italy, France, South Africa, and Australia. Client funds are segregated from company funds but FXCM is a counterparty for all client transactions through a.
FXCM in the UK and EU is regulated by the Financial Conduct Authority, while their subsidiary companies in Australia and South Africa are regulated by authorities in their own countries. FXCM also have offices in a variety of global locations, including New York, Berlin, Sydney and Singapore.
FXCM Group announced on Wednesday that its affiliate has opened its first office in Johannesburg. In order to meet the growing interest in forex trading in the country, FXCM South Africa will provide local residents with access to the its robust trading platforms, as well as with educational materials, trading analytics and free webinars and seminars.
FXCM offers commission-free trading and a simple account structure for retail traders. The minimum deposit for a live account is 50. This 50 AUD deposit also gives you access to FXCM Plus and a host of trading tools, which we will look at it in further details in the Trading Tools overview.
In the UK and EU region, FXCM is modulated by the FCA (regulator), while the authorities are controlling their affiliates in South Africa and Australia in their states, respectively. There are also FXCM offices in some significant parts of the globe, such as Berlin, Sydney, Singapore, and New York.
FXCM South Africa (PTY) LTD (“FXCM ZA”) represents the FXCM brand in that country.. The minimum required deposit is GBP 300 for most instruments for UK users and USD 50 for the South African and Australian markets. The spreads are variable and they are different for spread betting, Forex, and CFDs.