General Information & Regulation
Foreign Currency Innovations Ltd. is a trading name of Foreign Currency Innovations Limited and is regulated by the Financial Conduct Authority under FCA Register number: 616985. Foreign Currency Innovations Ltd, a company registered in England under company number 7274218.
Market Instruments
The main financial assets that investors can trade on the FCI Markets platform are foreign exchange currency pairs, indices, and commodities. Compared to other brokers who can provide a wide range of financial instruments, the asset classes on the platform are more limited.
Account Types
FCI Markets offers two different types of trading accounts for investors: Standard and Premium. Standard accounts have a minimum initial deposit of $500, and Premium accounts have a minimum initial deposit of $5,000. Compared to the $100 to $200 opening amount required by most brokers, obviously FCI Markets' initial deposit amount is much higher, not the good option for new beginners.
Leverage
When it comes to trading leverage level, the maximum trading leverage for forex instruments is up to 1:100 (ESMA leverage rules are limited to 1:30).
Spreads & Commissions
FCI Markets offers variable spreads on both standard and premium accounts, starting at 0.8 pips on standard accounts with no commission and 0.2 pips on premium accounts with a commission.
Trading Platform
FCI Markets claimes to offer three trading platforms options, namely MT5, ClearPro, and NetStation. MT5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. ClearPro's technology and infrastructure, designed for ease of implementation, optimize the FX workflow processes end-to-end, using flexible templates and web applications that enable clients to trade more efficiently and effectively in an online environment. The FCI Netstation is an advanced cloud-based trading platform that offers you a comprehensive selection of technical studies with automatic pattern recognition on charts. You can also build and backtest algorithmic strategies using Microsoft Excel and create advanced alerts on charts, studies, and patterns.
Deposit and Withdrawal
FCI Markets supports traders to withdraw and deposit funds to their accounts via credit cards, tiered cards, wire transfers, Skrill, Zotapay.
Research & Trading Tools
Clients may find some research tools out there to help them quickly acquaint themselves with forex trading, which include Professional Trader Short Course, Glossary, Academy, Free Course, FCI News, as well as 3C Analysis.
Customer Support
FCI Markets' client support team can be reached through telephone, email, and social media to respond to clients' inquiries.
Here are some contact details:
Telephone: +44 (0) 203 7511 583
Email: enquiries@fci-ltd.co.uk
Company Address: Suite 1C, Union House, 117 High Street, Billericay, Essex, CM12 9AH
Or you can follow this broker on some social media platforms, such as Twitter, Facebook, Instagram.
Pros & Cons
Frequently Asked Questions
What account types does FCI provide ？
There are two types of trading accounts available: Standard and Premium.
What financial instruments does FCI provide？
FCI provides foreign exchange currency pairs, indices, and commodities
