Forex.com vs FXCM
| Forex.com Review 2023 | FXCM Review 2023 |
|---|---|
4.5
Forex.com is #1 in our broker rankings. |
3.5
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 Traders from US accepted |
Traders from US not accepted
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Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders. |
FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa. |
| Bonus Offer | |
| Active Trader Program With A 15% Reduction In Costs | |
| Comment by Reviewer | |
| "Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score." | "FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, Spot Metals | Stocks, Spreadbetting, CFD, Forex, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $50 |
| Trading Platforms | |
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| Payment Methods | |
| Debit Card, ACH Transfer, Wire Transfer | |
| Minimum Trade | |
| 0.01 Lots | Variable |
| Regulator | |
| NFA, CFTC | FCA, CySEC, ASIC. |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | No |
| DMA Account | |
| Yes | No |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| iOS & Android | iOS and Android |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| SMART Signals | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $15 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions. |
| Leverage | |
| 1:50 | 1:30 |
| FTSE Spread | |
| 1.0 | 1.18 pts var* |
| GBPUSD Spread | |
| 1.0 | 0.5 pips* |
| Oil Spread | |
| 0.04 | 0.05 (var)* |
| Stocks Spread | |
| 0.1% (Min Commission Applies) | 0.2% Var* |
| Forex Trading | |
| Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k. | Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms. |
| Forex App | |
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. |
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| GBPUSD Spread | |
| 1.0 | 0.5 pips var* |
| EURUSD Spread | |
| 1.0 | 0.2 pips var* |
| EURGBP Spread | |
| 1.0 | 0.5 pips var* |
| Assets | |
| 80+ | 40 |
| Currency Indices | |
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| Cryptocurrency | |
| Crypto trading not offered | Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade. |
| Spread | |
| BTC 1.4%, ETH 2% | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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Forex.com vs |
FXCM vs |