Mega Trader FX vs FXCM
Mega Trader FX | FXCM |
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Not Yet Rated
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3.5
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Traders from US not accepted
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Traders from US not accepted
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Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses. |
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. |
Bonus Offer | |
20% deposit bonus up to $2,000 | |
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 | |
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Cons | |
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Instruments | |
Forex, CFDs, indices, precious metals, energies | CFDs, Forex, Stocks, Cryptos, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $50 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | Variable |
Regulator | |
CySEC | FCA, CySEC, ASIC |
Margin Trading | |
No | Yes |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Mobile Apps | |
Yes | iOS and Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | 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. | |
Social Trading | |
No | Yes |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD products are available on multiple financial markets. | 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 | |
1:500 | 1:30 |
FTSE Spread | |
Variable | 1.18 pts var* |
GBPUSD Spread | |
2.6 | 0.5 pips* |
Oil Spread | |
Variable | 0.05 (var)* |
Stocks Spread | |
N/A | 0.2% Var* |
Forex Trading | |
Online trading is available on major, minor and exotic FX pairs. | 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 | |
2.6 | 0.5 pips var* |
EURUSD Spread | |
1.9 | 0.2 pips var* |
EURGBP Spread | |
2.5 | 0.5 pips var* |
Assets | |
54 | 40 |
Currency Indices | |
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Cryptocurrency | |
Crypto trading not offered | 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 | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
More Comparisons | |
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