SimpleFX vs FXCM

SimpleFX vs FXCM Comparison Table 2023
SimpleFX	FXCM
Review 4.2	Review 3.5
Traders from US not accepted	Traders from US not accepted
SimpleFX is a CFD broker offering the popular MT4 platform plus its own SFX WebTrader platform. Account holders benefit from low trading fees with tight spreads.	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.
Promotions
Sign Up With SimpleFX For A $2500 Instant Deposit Bonus
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
API & VPS Ethereum staking No minimum deposit Fast customer support Beginner-friendly platform Multi-currency single account	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
Cons
Unregulated MetaTrader 5 Limited non-crypto funding methods	Live chat support is unreliable Not the widest range of assets or trading vehicles
Awards
The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw Best Mobile App 2020 - Rankia Awards The Best Trading Platform, Finance World Expo 2019 - Zug Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Instruments
Forex, indices, shares, commodities, cryptocurrencies	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	£300
Payment Methods
Bitcoin Payments Credit Card Ethereum Payments FasaPay Neteller Skrill	Credit Card Debit Card Klarna POLi
Minimum Trade
0.01 Lots	Varies by asset
Regulator
	FCA, CySEC, ASIC.
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	Yes
Trading Central
No	No
STP Account
Yes	No
ECN Account
No	No
DMA Account
Yes	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
Yes	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android + Web Trader	iOS and Android
Auto Trading
Yes
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
Yes	Yes
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
3%
Islamic Account
No	No
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France Dow Jones Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange S&P 500 SIX Swiss Exchange	Euronext IBEX 35 Russell 2000
Commodities
Gold Natural Gas Silver	Cannabis Gold Oil Silver
CFD Trading
Leveraged CFD products are available in multiple financial markets.	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.
Leverage
1:500	1:30
FTSE Spread
1.3	1.18 pts var*
GBPUSD Spread
1.2	0.5 pips*
Oil Spread
0.03	0.05 (var)*
Stocks Spread
Variable	0.2% Var*
Forex Trading
Trade currency pairs with tight spreads and 1:500 leverage.	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.
GBPUSD Spread
1.2	0.5 pips var*
EURUSD Spread
0.9	0.2 pips var*
EURGBP Spread
0.9	0.5 pips var*
Assets
60	40
Currency Indices
	JPY
Cryptocurrency
Trade crypto and US Dollar CFDs.	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
From 0.0001	Variable
Coins
BTC BHC LTC ETH ETC XRP LNK WAV XTZ YFI ADA DOT EOS NEO BNB XMR	BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review
More Comparisons
SimpleFX vs	FXCM vs