FXCM Ltd. Micro Account Transfer Form

If you are currently a Forex Capital Markets, LLC ("FXCM LLC") Micro account holder and would like to transfer this account to Forex Capital Markets Limited ("FXCM Ltd."), please complete the required fields (*) below as pertains to your live trading account. FXCM LLC is regulated in the USA by the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA). FXCM Ltd. is regulated in the UK by the Financial Services Authority (FSA).

You will be notified by email after your FXCM account has been transferred to FXCM Ltd.

If you complete this form on or before: Your account will the transferred on: (After Market Close 4pm EST)
February 17 (5pm EST) February 19
March 17 (5pm EST) March 19
April 14 (5pm EST) April 16

Before you fill out the transfer form please note the following:

  • This form is only for FXCM LLC Micro accounts to transfer to FXCM Ltd.
  • All Micro accounts transferred to FXCM Ltd. will be set up on 0.25% margin of the notional trade size plus a small cushion.

By transferring your account to FXCM Ltd., you will also have the ability to:

  • Place stops and limits on individual trades. †
  • Modify and close orders from the "Open Positions" window.
  • Hedge positions. Hedging allows traders to hold both a buy and a sell position for the same currency pair in the same account at the same time. Additionally, stops and limits can be used to manage risk as an alternative to entry orders. ‡
Please complete the form below **
* required fields
(8-10 digits)

Applicants of the following countries cannot apply for a Micro account with FXCM Ltd.:
Australia, Belarus, British Columbia (Canada), Cuba, Democratic Republic of Congo, Iran, Iraq, Ivory Coast, Liberia, Myanmar, North Korea, Quebec (Canada), Sudan, Syria, and Zimbabwe.

I authorize and direct FXCM LLC to transfer the above account to a Micro account with FXCM Ltd. In providing such authorization and direction, I consent to the following conditions:

  1. I have read and agreed to the provisions of the FXCM Ltd. Agreement (the "Agreement"), and consent to all Terms of Business as applicable to my country of residence:
    http://www.fxcm.co.uk/docs_pdfs/FXCM_LTD_Terms_of_Business.pdf.
  2. I shall be classified as a retail client unless I specifically request to be classified otherwise.
  3. I acknowledge and agree that the Agreement will govern the Account with FXCM Ltd. and that all of the provisions of the Agreement are deemed incorporated by reference into this form.
  4. I agree to execute and deliver, or cause to be executed and delivered, any other agreements or instruments which may reasonably be requested in respect of the transfer of the Account and the establishment thereof as an Account with FXCM Ltd.
  5. I authorize and direct FXCM LLC to provide FXCM Ltd. with any personal information related to my Account which may reasonably be required in order to permit FXCM Ltd. to properly establish and administer the Account.
  6. I acknowledge and agree that the FSA's client money rules will apply. Available margin must exist in order for funds to be transferred, as removal of funds may result in a margin call. I shall hold FXCM Ltd. and its affiliates harmless for any and all claims regarding such funds transfer upon proper credit to the above named account.
  7. My account balance is USD $5000 or less. (All FXCM Ltd. Micro accounts are denominated in USD.) If your trading account is denominated in a different currency, transferring to a Micro account with FXCM Ltd. will result in the conversion of funds to USD at a conversion rate with markup.
  8. My FXCM account is not associated with a referring broker.

** You will receive a confirmation from FXCM Ltd within 2 business days of the scheduled change date. If you do not receive a confirmation from FXCM, please contact client services.

† When your account is transferred to FXCM Ltd, any Net Stop or Net Limit Orders that you placed while trading with FXCM LLC will be removed, since FXCM Ltd accounts place stops and limits on individual positions instead. FXCM suggests closing all open trades in your account before the transfer, or making sure to set new stops or limits as soon as trading starts on the Sunday following the transfer.

‡ Please note that any pending entry orders in your account will open new positions if executed after your account is transferred to FXCM Ltd, rather than close any existing positions. FXCM suggests managing or deleting your pending entry orders prior to your account transfer.

Forex Capital Markets Ltd. is authorized and regulated by the Financial Services Authority. FSA Register Number: 217689