FXCM vs FXOpen
FXCM | FXOpen |
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3.5
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3.7
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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 | |
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Cons | |
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Awards | |
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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 | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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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 | |
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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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