Thread: New Account FAQS and Application

New Account FAQs

1. How can I apply for a FXCM Micro Trading Account?
Applying for a FXCM Micro account is quick and easy. The online application only takes 10 minutes to complete and can be accessed at the following link: Open a Forex Micro Lot Account

2. Can I trade both my FXCM Micro and FXCM Mini/Standard account on the same trading station?
You can access any of your accounts (Micro/Mini/Standard) on the same trading platform.

3. When will I receive my live trading account number?
Once your application is complete, you will immediately receive a confirmation email from FXCM Micro with your live trading account number and authorization for funding.

4. Can I apply for an (IRA, trust, corporate, or joint account) with FXCM Micro?
FXCM Micro solely offers individual self-traded accounts.
You can apply for an Individual Retirement Account (Mini or Standard) by completing an application by clicking here: FXCM - Open an Account.

5. I do not have a Social Security Number, but I live in the United States. Can I still apply for a FXCM Micro Account?
All United States residents are required to provide a Social Security Number. If you cannot provide this information, please complete an application for a Mini or Standard account with FXCM LLC by clicking here: FXCM - Open an Account. Your application will be processed within 24 hours of receipt. Additional documentation may be required upon receipt.

6. My application is complete, is there a time period I must fund my account by?
FXCM Micro applicants are free to fund at their own convenience. However, all unfunded applications will be archived after 6 months, therefore you will be required to resubmit a new application. It is recommended that you fund your account upon receiving your account information. Should you decide to close your account, you can simply withdraw funds (administrative fee will apply).

7. I entered the wrong email address on the application. What should I do?
Please send an email to admin@fxcmmicro.com. FXCM Micro will respond to your inquiry within 3-5 business days.

8. Can I have a copy of my online application?
In the event a copy of the online application is needed for your records, please send an email from the email address on file to admin@fxcmmicro.com.

9. What other way can I apply for a FXCM Micro account aside from the online application?
By offering lower spreads and minimal administrative fees, applying online is the sole method offered. FXCM Micro's online application is convenient, easy, and takes approximately 10 minutes to complete.

10. I would like to share my account login with someone. Can we open one account and just share one login?
FXCM Micro accounts are intended only for the individual who applied for the account. We advise all clients NOT share their login information with anyone else for security purposes.

11. A company I owned went bankrupt. Can I still apply for a FXCM Micro account?
If the company you personally owned filed for bankruptcy, you will be unable to open an FXCM Micro account. However, you can still apply for a Mini or Standard trading account with FXCM LLC by click here FXCM - Open an Account. Additional documentation may be required.

12. I have completed the online application. How do I fund my account?
Click Here for Deposit FAQs.

13. What currency denomination does FXCM Micro accounts offer?
FXCM Micro accounts are denominated in USD only. If you would like an account denominated in a different currency (AUD, CAD, EUR, GBP, JPY, NZD), please visit http://www.fxcm.com/account-types.jsp for various account platforms.

14. Will I be asked to provide additional documentation once my application is submitted?
Once your application is submitted, you will receive an email confirmation with your live account information. If additional documentation is required, FXCM Micro will send you an email requesting the appropriate information. Please note that all international clients will need to submit a copy of an ID and a copy of a POR, which is a proof of residency such as a utility bill or a bank statement. Domestic U.S. clients will not need additional documentation unless otherwise prompted by the admin department.