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Banned Country List and Others
At the current time, we are not able to do business with the following countries:
British Columbia (Canada)
Traders in the following countries can apply for a Micro Account, however can only use wire transfer to fund their accounts as our credit card vendor does not accept credit card Payments from these countries:
Bosnia + Herzegovina
For Australian Clients:
FXCM Australia offers many account options, however, at this time Micro accounts are not offered. For a full description of different account types, please click here.
Last edited by Lena V.; 12-28-2009 at 02:48 PM.
I'm from Brazil, and wish to apply to a micro account. I have noticed that when beginning the application the website tells me that some contries aren't allowed and Brazil is listed. When I click "More Info" I get this post and it doesn't show Brazil on the list.
Is my country allowed to open the micro account? Are there any restrictions?
If I can't open the account than I'll have to look elsewhere as my investment plan doesn't include funding $2,000 into an account. I wish to start low and grow.
Banned countries to credit card payments
Helene plz confirm that the banned countries for credit card payments only apply for US clients only or both US and UK clients
Originally Posted by Xeeshan
This applies to clients who have an account to both FXCM US and FXCM UK.
Why can't we open a Micro Account in BC?
Originally Posted by Michael Jarosz
This is due to regulations and documents and such.. At this time BC can not open an account.
Originally Posted by Helene Z.
Thank you for your reply, but this is still not making any sense to me.
If a small(er) company like Questrade can meet those regulations and documents, why can't you guys?
And I apologize if I am little pushy about this, but I was really looking forward to trading with FXCM. Unfortunately, this is looking to be less and less likely with each day; before it was just Micro Accounts that were out of my reach, now all of FXCM has pulled out of BC.
What's worse is that I can't find a logical reason for any of this.
1. As stated above, if other companies can meet these regulations, why can't you?
2. If the regulations are really that strict/nonsensical (I know that the BCSC can be a complete a*s), why not create a separate company for BC operations that meet said regulations? That way your other operations are not affected, and BC residents get to trade with you.
Banned Country List & Allowed Country List
I'm from Philippines and am interested in openning a micro account in FXCM. However, my country is neither included in the Banned Country List nor Allowed Country List. Is it possible for me to trade with FXCM?
FXCM has an auhtorized broker in our country, Forex Club Manila, but it does not offer a micro account.
Awaiting your reply.
Originally Posted by Michael Jarosz
We have an automated application process at FXCM Micro. In part due to the unique characteristics of the British Columbia regulatory process, it has not been feasible to extend our service to BC residents. We appreciate your interest in FXCM Micro, but since we are not regulated by the British Columbia Securities Commission, we cannot open an account for you at this time.
Originally Posted by tisoy pogi
FXCM Micro does accept clients from the Philippines. You can select the Philippines from the dropdown list on the application page by clicking HERE.
Thanks for your interest in FXCM Micro.
Hello.If i use wire transfer to fund my accounts(1000 $) i can withdraw the profit via credit card ? I m from Romania.(banned country)
Originally Posted by Lorant
No, withdrawals will be via wire transfer as well.
i live in New Zealand and wish to open a micro account. New Zealand doesnt see to be an option in the drop down menu however, I get redirected to the Australian site which doesnt offer micro accounts. Can I trade micro lots with FXCM or do I need to go elsewhere?
Originally Posted by numbnuts
Please try to clear the cache and cookie to the browser you are using and try this link once again Open a Forex Trading Micro Account for $25 Dollars if it still doesn't work, please email use at firstname.lastname@example.org
I currently have a micro account with FXCM UK and I live in Ohio ,USA..I want a withdrawal check to be sent to my mom who is in India..How should I do that and what are the restriction ?..I have a bank account in my name in India too..