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FXCM in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%65
- Round-turn cost20%70
- Safety20%0
- Payouts15%no data
- Track record10%100
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Stratos Global LLC
- Founded
- 1999
- Retail leverage
- 1000IN
- Round turn
- 11 USDIN
- Currencies
- USD, EUR, GBP; no INR.
- Swap-free account
- yes
Licence check
Open an account with FXCMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Stratos Global LLC
- Local standing
- Unregulated offshore for India. Offering OTC margin forex to Indian residents violates FEMA/SEBI; ED/FEMA authorities act against facilitators. No fund segregation, no negative-balance protection required.
- Licence as the register states it
- No SEBI registration.
- Leverage for this entity
- Up to 1:1000 default; reduced to up to 1:400 above USD 5,000 equity.
- The firm behind it
- Founded 1999 New York; part of Stratos/Jefferies. Banned from US by CFTC/NFA in 2017 ($7M penalty).
- What we hold against it
- Offshore SVG entity; residents face FEMA/SEBI illegality, no compensation scheme, no fund segregation.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youUnregulated offshore for India. Offering OTC margin forex to Indian residents violates FEMA/SEBI; ED/FEMA authorities act against facilitators. No fund segregation, no negative-balance protection required.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Single Standard account, min USD 50. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where FXCM sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 11 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 50 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:1000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| Cards | 24 | 0 | 50 |
| International wire | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 0 local rails)
Cards and international wire;
- Cards
- International wire
- Account currency
- USD, EUR, GBP; no INR.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- Trading Station
- TradingView
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.8 |
| Trading Station | — | 0.8 |
| TradingView | — | 0.8 |
| Forex pairs | 41 | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Identical for every row: Leverage 1000 IN.
Pros and cons(3 for and 6 against, each tied to a figure on this page)
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, Trading Station, TradingView
- Round turn 11 USD on the raw + commission basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 50 USD, over the India median 15
- Withdrawal in 120 h, over the India median 48
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 9IN
- Min deposit, USD
- 25 groupIN
- Leverage
- 1000IN
- Rank in this country
- #12
- Round turn, USD
- 13.6IN
- Min deposit, USD
- 0IN
- Leverage
- 200IN
- Rank in this country
- #57
- Round turn, USD
- 7IN
- Min deposit, USD
- 50 groupIN
- Leverage
- 500IN
- Rank in this country
- #20
- Round turn, USD
- 13IN
- Min deposit, USD
- 5 groupIN
- Leverage
- 3000IN
- Rank in this country
- #34
- Round turn, USD
- 9IN
- Min deposit, USD
- 10IN
- Leverage
- 500IN
- Rank in this country
- #13
- Round turn, USD
- 4IN
- Rank in this country
- #4
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | FXCM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 70 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does FXCM accept residents of India?
- No. Unregulated offshore for India. Offering OTC margin forex to Indian residents violates FEMA/SEBI; ED/FEMA authorities act against facilitators. No fund segregation, no negative-balance protection required. Onboarding entity: Stratos Global LLC
- Is FXCM licensed to serve clients in India?
- No SEBI registration. Checked on 09.07.2026.
- How much does one round turn cost at FXCM?
- About 11.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does FXCM offer to retail clients in India?
- Up to 1:1000. Up to 1:1000 default; reduced to up to 1:400 above USD 5,000 equity.
- Which trading platforms does FXCM support?
- MT4, Trading Station, TradingView. Instruments: FX, indices, commodities, crypto CFDs, shares.
- How can I withdraw money from FXCM in India?
- Cards and international wire; local INR rails not verified at review.
- What account types does FXCM offer?
- Single Standard account; min USD 50.
- Does FXCM offer a swap-free (Islamic) account?
- Yes. FXCM offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.