Spread Co vs FXCM

Spread Co vs FXCM Comparison Table 2023
Spread Co FXCM
Not Yet Rated
3.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Spread Co offers spread betting and CFDs with competitive trading conditions.

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.

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
  • 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
  • Live chat support is unreliable
  • Not the widest range of assets or trading vehicles
Instruments
Spread betting, CFDs, forex, indices, shares, commodities, ETFs, ADRs Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
£200 $50
Trading Platforms
  • Own
  • MT4
  • TradingView
  • eSignal
Payment Methods
Minimum Trade
£0.10 Variable
Regulator
FCA 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
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
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • ZAR
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade with leveraged CFDs on popular 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
1:20 1:30
FTSE Spread
1.0 1.18 pts var*
GBPUSD Spread
1.0 0.5 pips*
Oil Spread
4.0 0.05 (var)*
Stocks Spread
Variable 0.2% Var*
Forex Trading
Spread Co offers trading on a long list of online currencies with competitive spreads. 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
1.0 0.5 pips var*
EURUSD Spread
0.8 0.2 pips var*
EURGBP Spread
1.0 0.5 pips var*
Assets
38 40
Currency Indices
  • JPY
Cryptocurrency
Crypto trading not offered 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
  • 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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