FXCM vs FXOpen

FXCM vs FXOpen Comparison Table 2023
FXCM	FXOpen
Review 3.5	Review 3.7
Traders from US not accepted	Traders from US not accepted
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.	FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.
Comment by Reviewer
"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
A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution Premium support and custom solutions in the Active Trader professional account Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus Strong selection of educational materials including a new trader guide, market outlook reports and free webinars Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times	Demo account MT4 integration Strong regulatory oversight Multiple payment methods Bonuses & trading contests Full range of investments Copy trading (global traders) Low minimum deposit (global traders)
Cons
Live chat support is unreliable Not the widest range of assets or trading vehicles	Inactivity fee
Awards
	Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards
Instruments
Stocks, Spreadbetting, CFD, Forex, Crypto	Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes	Yes
Minimum Deposit
£300	$1 Global, £300 UK
Payment Methods
Credit Card Debit Card Klarna POLi	Airtm Alipay Boleto Credit Card Debit Card Mastercard Netbanx Asia Neteller Skrill Trustly Visa WebMoney Wire Transfer Yandex Money
Minimum Trade
Varies by asset	0.01 Lot
Regulator
FCA, CySEC, ASIC.	FCA, CySEC, ASIC
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
No	No
eSignal
Yes	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS and Android	iOS & Android
Auto Trading
	Yes (EAs)
Copy Trading
Yes	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.	FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported.
Social Trading
Yes	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD ZAR CHF	USD EUR GBP AUD JPY CHF HKD RUB
Stock Exchanges
Euronext IBEX 35 Russell 2000	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange S&P 500
Commodities
Cannabis Gold Oil Silver	Gasoline Gold Oil Silver
CFD Trading
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.	Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads
Leverage
1:30	1:30 - 1:500 (varies by trading entity)
FTSE Spread
1.18 pts var*	0.8
GBPUSD Spread
0.5 pips*	0.2
Oil Spread
0.05 (var)*	4.0
Stocks Spread
0.2% Var*	N/A
Forex Trading
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.	Trade major, minor & emerging forex pairs with 1:30 leverage
GBPUSD Spread
0.5 pips var*	0.2
EURUSD Spread
0.2 pips var*	0.2
EURGBP Spread
0.5 pips var*	0.2
Assets
40	50+
Currency Indices
JPY
Cryptocurrency
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.	Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK).
Spread
Variable	Variable
Coins
BTC ETH LTC BTC	BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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