FXCM vs Colmex Pro

FXCM vs Colmex Pro Comparison Table 2024
FXCM	Colmex Pro
Review 3.5	Review Not Yet Rated

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 remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.	Colmex Pro is a top retail trading provider offering competitive pricing.
Customer Reviews
	5 Based on 1 Colmex Pro customer reviews
Comment by Reviewer
"FXCM maintains its position as 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
Alongside the 4 charting platforms, FXCM also offers a market-leading range of specialist software for experienced investors, including QuantConnect, AgenaTrader and Sierra Chart The proprietary Trading Station terminal is a good choice for day traders looking for an all-in-one solution for their short-term and automated trading strategies Traders can utilize several top-tier trading tools including a market scanner, forex signals and third-party research site, eFXPlus FXCM’s global reputation is impressive, with licenses from the FCA, ASIC, CySEC and FSCA and a 20-year business history A range of funding methods are available including bank cards, Apply Pay and PayPal, with instant processing times The broker offers spread discounts and other excellent perks for experienced traders in the Active Trader account FXCM has expanded its range of trading opportunities with 24-hour stock CFDs through MetaTrader 4
Cons
Although FXCM continues to gear their services towards experienced traders, it’s a shame that there are no managed accounts on offer There is no choice of retail accounts for traders, nor any Cent/Micro account options The live chat support can be slow and unreliable compared to the top competitors
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities	Forex, CFDs, indices, shares, commodities
Demo Account
Yes	Yes
Minimum Deposit
$50	$500
Trading Platforms
Trading Station MT4 TradingView eSignal	MT4
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet Klarna PayPal POLi Wire Transfer	Credit Card PayPal Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
FCA, CySEC, ASIC	CySEC, FSCA
Margin Trading
Yes	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS and Android	Yes
Auto Trading
	Yes
Copy Trading
Yes	No
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
Yes	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
Euronext IBEX 35 Russell 2000
Commodities
Cannabis Gold Oil Silver	Gold Silver
CFD Trading
You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for day traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions.	Colmex Pro offers CFD trading in the markets.
Leverage
1:30	1:30
FTSE Spread
1.18 pts var*	Floating
GBPUSD Spread
0.5 pips*	0.4
Oil Spread
0.05 (var)*	Floating
Stocks Spread
0.2% Var*	Floating
Forex Trading
FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks.	Trade over 50 currencies with 1:30 leverage.
GBPUSD Spread
0.5 pips var*	0.4
EURUSD Spread
0.2 pips var*	0.4
EURGBP Spread
0.5 pips var*	0.6
Assets
40	51
Currency Indices
JPY
Cryptocurrency
You can 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.	Crypto trading not offered
Spread
Variable
Coins
BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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