FXCM

FXCM broker has been operating since 1999 and, with five active licenses including the UK's FCA and Australia's ASIC, is one of the most reputable names in the forex market. Its final score of 4 out of 5 on Teagle confirms this standing. However, there is one decisive limitation for Iranian traders. In this overview, we review FXCM's licenses, account, platforms, payments and service availability for Iranians based on Teagle's data.

What kind of broker is FXCM?

FXCM is a broker with about 27 years of history, whose country is recorded as the United Kingdom in Teagle's data, and it ranks highly on global review sites. FXCM provides access to currency pairs, stocks, indices, commodities, metals and cryptocurrencies, and supports its proprietary Trading Station platform, MetaTrader 4 and TradingView. Negative balance protection, scalping, hedging, news trading and phone trading are among its recorded features.

FXCM broker licenses and credibility

FXCM's main strength is its regulatory framework. According to Teagle's latest review, this broker holds five active licenses:

• UK FCA (No. 217689), one of the strictest regulators in the world;
• Australia ASIC (No. AFSL 309763);
• Cyprus CySEC (No. HE405643);
• South Africa FSCA (No. 46534);
• Israel Securities Authority (ISA) (No. 515234623).

Unlike many international brokers, no offshore license is recorded for FXCM in Teagle's list. To learn where these bodies stand in the regulator tiers, read the guide on broker regulation and how it is tiered .

Does FXCM serve Iranians?

No. According to FXCM support's explicit reply to the Teagle team's inquiry, this broker does not serve residents of Iran, even though Iran is not named in the site's public restriction lists. There is no Persian website either, and access from Iran requires changing your IP. Due to the lack of official acceptance of Iranians and the risks arising from identity verification, Teagle's expert considers this broker "not suitable at all" for users residing in Iran. For more on this risk, see the article banned brokers and how to choose a safe broker .

FXCM trading account

One Standard account is recorded for FXCM in Teagle's data: minimum deposit of $50, no commission, floating spread from 1.1 pips and maximum leverage of 1:400. An Islamic (swap-free) account is also offered. Margin call and stop-out levels were not found in official sources. Notably, requotes are marked "yes" for this account in Teagle's table, meaning that in volatile markets your requested price may be rejected and a new price offered. We have explained the difference between requotes and slippage in the article slippage in forex .

FXCM platforms and services

Trading at FXCM is done on three platforms: Trading Station (iOS and Android versions), MetaTrader 4 (web and Android) and TradingView. MetaTrader 5 is not supported. If you want to have analysis and trade execution in one environment, see the guide on connecting your broker account to TradingView . Additional services include bonuses, cashback, rebates, education, copy trading, a virtual private server (VPS), trading API, economic calendar, forex calculator and support for expert advisors and trading bots .

Deposits and withdrawals at FXCM

According to Teagle's table, credit card deposits (Visa and Mastercard) are free, start from 50 units of the base currency and take up to 2 hours; card withdrawals are limited to the amount deposited that same day, processing takes 1 to 2 business days and final receipt up to 5 days. Google Pay and Apple Pay start from $50 and are instant. Bank wire has no minimum, and its deposits and withdrawals take 3 to 5 business days, but withdrawals via wire carry a fee. Crypto deposits are also possible with a network fee, and crypto withdrawals take 1 to 2 business days.

FXCM's score and risk on Teagle

FXCM's final score on Teagle is 4 out of 5: WikiFX 4.7, Trustpilot 4.6, Teagle expert 4.2 and Forex Peace Army 2.48; Teagle users have not submitted any reviews yet. The Teagle Eye risk index for this broker is 19 out of 100, in the "low risk" category, which results from its top-tier licenses and long track record. See its position in the Teagle top brokers ranking .

Pros and cons of FXCM broker

• Pro: five active licenses, including FCA and ASIC, with no offshore license
• Pro: diverse platforms (Trading Station, MT4 and TradingView)
• Pro: $50 minimum deposit, leverage up to 1:400 and negative balance protection
• Con: no services for residents of Iran and no Persian language
• Con: no MetaTrader 5 support and requotes recorded on the account
• Con: according to Teagle's expert, delays in support responses

Who is FXCM suitable for?

FXCM is suitable for traders outside Iran who want top-tier regulatory security and advanced platforms. It is not a suitable option for residents of Iran or those who need MetaTrader 5. If you live in another country, weigh it against another reputable broker in the FXCM vs AvaTrade comparison .

Conclusion

In terms of licensing and track record, FXCM is among the top tier of global brokers, but it officially does not serve Iranians, and registering from Iran can lead to your account being blocked. If you are outside Iran, start with a small amount, make a test withdrawal and follow the latest warnings on the investment risk warning page .