Global Prime vs FXCM

Global Prime vs FXCM Comparison Table 2024
Global Prime	FXCM
Review 3.8	Review 3.5

Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.	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.
Comment by Reviewer
"Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading."	"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
Full range of investments with 150+ assets including crypto Low latency with execution speeds from 10ms Wide range of deposit options with zero fees Segregated client funds 24/7 customer support $0 minimum deposit Trade receipts ECN account VPS	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
Clients from US and Canada are not accepted Narrow range of account options No MetaTrader 5 integration	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
Forex, indices, commodities, cryptocurrencies, shares, bonds	CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
Yes	Yes
Minimum Deposit
A$200	$50
Trading Platforms
MT4 TradingView AutoChartist	Trading Station MT4 TradingView eSignal
Payment Methods
BPAY Credit Card Dragonpay FasaPay JetonCash Mastercard Neteller PayPal POLi Skrill Visa Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet Klarna PayPal POLi Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
ASIC, VFSC, FSA	FCA, CySEC, ASIC
Margin Trading
Yes	Yes
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
No	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
No	No
Mobile Apps
iOS & Android	iOS and Android
Auto Trading
Yes
Copy Trading
Yes	Yes
Copy Trading Platform
Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service. Over 40 different setups can be copied on the popular Myfxbook Autotrade 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	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD AUD SGD	USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones FTSE UK Index Nasdaq S&P 500	Euronext IBEX 35 Russell 2000
Commodities
Copper Gold Oil	Cannabis Gold Oil Silver
CFD Trading
Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero.	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.
Leverage
1:200	1:30
FTSE Spread
0.84	1.18 pts var*
GBPUSD Spread
0.64	0.5 pips*
Oil Spread
1.6	0.05 (var)*
Stocks Spread
Variable	0.2% Var*
Forex Trading
Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server.	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.
GBPUSD Spread
0.75	0.5 pips var*
EURUSD Spread
0.16	0.2 pips var*
EURGBP Spread
0.85	0.5 pips var*
Assets
48	40
Currency Indices
	JPY
Cryptocurrency
Global Prime crypto CFDs cover a good range of 35 tokens with impressive commissions of 0.1% and leverage available in some jurisdictions. The tokens include Bitcoin, Ethereum and other popular choices as well as smaller tokens like Sandbox and Avalanche.	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.
Spread
Floating	Variable
Coins
BTC BCH LTC ETH XRP	BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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