FXCM vs OKX

FXCM vs OKX Comparison Table 2024
FXCM OKX
3.5
4.1
United States Flag Traders from US not accepted
United States Flag 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 remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.

OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.

Bonus Offer
$10 in BTC
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." "OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots."
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
  • There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins
  • You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform
  • OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority
  • Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
  • There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage
  • Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively
  • Crypto staking and pools are available with competitive mining fees from 2%
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
  • The firm offers limited regulatory oversight, though this is common among crypto brokers
  • The quality of customer support was inconsistent based on testing
  • The broker's platform and features may be complex for novices
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities Spot, futures, perpetual swaps, options
Demo Account
Yes Yes
Minimum Deposit
$50 10 USDT
Trading Platforms
  • Trading Station
  • MT4
  • TradingView
  • eSignal
  • AlgoTrader
Payment Methods
Minimum Trade
Variable Variable
Regulator
FCA, CySEC, ASIC VARA
Margin Trading
Yes Yes
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 Yes
Spot Trading
No Yes
Mobile Apps
iOS and Android Android & iOS
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 No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • ZAR
  • CHF
  • USD
  • EUR
  • GBP
  • INR
  • JPY
  • SGD
  • RUB
  • AED
  • SAR
Stock Exchanges
Commodities
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. CFD trading not offered
Leverage
1:30
FTSE Spread
1.18 pts var*
GBPUSD Spread
0.5 pips*
Oil Spread
0.05 (var)*
Stocks Spread
0.2% Var*
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. Forex trading not offered
GBPUSD Spread
0.5 pips var*
EURUSD Spread
0.2 pips var*
EURGBP Spread
0.5 pips var*
Assets
40
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. OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • BTC
  • BTC
  • XCH
  • ETH
  • OKB
  • OKT
  • LTC
  • DOT
  • ADA
  • DOGE
  • XRP
  • USDT
  • ICP
  • BCH
  • LINK
  • XLM
  • ETC
  • MATIC
  • THETA
  • UNI
  • TRX
  • EOS
  • FIL
  • XMR
  • NEO
  • USDC
  • AAVE
  • SHIB
  • LUNA
  • KSM
  • BSC
  • ATOM
  • IOTA
  • ALGO
  • XTZ
  • CRO
  • MKR
  • BTT
  • CEL
  • LEO
  • WBTC
  • WAVES
  • KLAY
  • DASH
  • XEM
  • COMP
  • SNX
  • ZEC
  • DCR
  • SUSHI
  • SOL
  • EGLD
  • DAI
  • BTG
  • ZEN
  • NANO
  • KISHU
Crypto Lending
No Yes
Crypto Mining
No Yes
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
FXCM
vs
OKX
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