Forex.com vs. FXCM Comparison

This comparison overview aids individuals that struggle to select in between Forex.com and FXCM to locate the very best online broker for their trading and investment requirements. It evaluates the highlights of both brokers side by side to aid customers compare their solution and make an informed decision.

To assist users choose the best broker in between Forex.com and FXCM to locate the best-suited system, below is a listing of broker’s benefits and drawbacks, adhered to by a contrast of their main trading attributes, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, guideline, and customer assistance.

Forex.com vs. FXCM: Summary

Forex.com logo

Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.

Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.

Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.

FXCM logo

FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.

FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.

FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.

FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.

Pros

  • Low minimum deposit ($100)
  • Low average spread from 0.74 pips EUR/USD
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5

Pros

  • Low minimum deposit ($50)
  • Average forex spread and 0% commission
  • Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
  • Detailed Trade execution reports (execution quality and slippage)
  • Feature rich mobile apps

Cons

  • Low amount of trading instruments
  • Relatively high trading and other fees

Key features

  • Competitive trading fees
  • Compatibility with MT4 and MT5
  • 5500 tradable symbols and 4550 CFDs overall
  • Award winning mobile trading app
  • Advanced charting and performance analytics available
  • Great combination of ease of use and personal customisation

Key features

  • Over 400 CFDs across various markets
  • Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
  • Multiple order types availability
  • TradingView integration
  • Support for advanced, algorithmic, and copy trading
  • Regulated by 4 tier-one regulators

Forex.com vs. FXCM Comparison

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Forex.com logo

Forex.com

Open account Read review

80% of retail CFD accounts lose money

FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

Forex.com logo
FXCM logo

Overall rating

4,4/5

4,0/5

Overall rating

4,4/5

4,0/5

Trading Platform & Tools

4.6

4.7

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.7

3.4

See details
Withdrawal Fee 0 $40
Deposit Fee 0 0
Inactivity Fee $15 per month (after 12 months) $50 per year after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 pips 0.2 pips
Stocks & ETF 0 + spread 0
CFD (Gold) 0.8 0.5 pips
Crypto 0 0
Options 0 0
Conversion Fees 0.50% 0
Misc. Fees 0 0
Overnight Fees 2.50%

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

2.5

See details
Minimum deposit (in UAE) $100 $300
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.1

2.0

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 91 45
CFD Indices & Funds 17 15
CFD Stocks 9500 219
CFD Commodities 22 12
CFD Crypto 8 7
CFD Bonds 0 1
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

4.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Forex.com vs. FXCM Comparison Conclusion

The outcomes of our contrast of Forex.com vs. FXCM are wrapped up in the table below.

Broker:Best For:
Forex.comForex and CFD trading and MT4
FXCMForex and CFDs; Algorithmic trading

Picking the appropriate option between Forex.com and FXCM can be hard. Both online brokers have similarities however vary regarding trading instruments, systems & apps, regulation, down payment & withdrawals, and study and education and learning. Choosing the most effective broker relies on customers’ trading & financial investment objectives, individual choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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