FP Markets vs. FXCM Comparison

This comparison overview helps customers who have a hard time to select between FP Markets and FXCM to find the most effective online broker for their trading and financial investment requirements. It analyzes the main features of the two brokers side by side to aid individuals compare their service and make a notified choice.

To aid customers pick the right broker in between FP Markets and FXCM to discover the best-suited platform, listed below is a checklist of broker’s advantages and disadvantages, followed by a comparison of their major trading features, consisting of trading systems & tools, charges, mobile trading, deposit & withdrawal, possessions, law, and client assistance.

FP Markets vs. FXCM: Summary

FP Markets logo

FP Markets is a multi-asset broker regulated by two tier-one regulators (the CySEC and ASIC). It offers access to over 10,000 tradable symbols across a variety of markets including forex, shares, commodities, cryptocurrencies and CFDs. FP Markets charges low spreads from 0.1 pips (EUR/USD) on their cTrade and MetaTrader accounts without any commission. The broker also offers negative balance protection, up to 30:1 leverage and access to a free NY4 VPS server.

The minimum deposit at FT Markets is $100. Their customer service is available 24/7 by phone, email and live chat.

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 spreads from 0,0 pips EUR/USD
  • Compatibility with MT4, MT5 and cTrader
  • Free VPS server
  • Fast account opening

Cons

  • Only CFD and forex trading
  • Demo account is not unlimited

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

  • Access to 10,000 tradable symbols (CFDs on forex, stocks, ETFs..)
  • Compatibility with MT4, MT5 and cTrader
  • MAM/PAMM accounts availability
  • Islamic account availability
  • Excellent copy trading features (Myfxbook Autotrade)
  • Wide range of advanced trading tools (Autochartist, Traders Toolbox)

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

FP Markets vs. FXCM Comparison

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FP Markets logo

FP Markets

Open account Read review

75.31% of retail CFD accounts lose money

FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

FP Markets logo
FXCM logo

Overall rating

4,3/5

4,0/5

Overall rating

4,3/5

4,0/5

Trading Platform & Tools

4.2

4.7

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 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

5.0

3.4

See details
Withdrawal Fee 0 $40
Deposit Fee 0 0
Inactivity Fee 0 $50 per year after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) $3 per lot per trade + 0 pips 0.2 pips
Stocks & ETF 0.13 pips 0
CFD (Gold) 0.13 pips 0.5 pips
Crypto 9.13 pips 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.1

2.5

See details
Minimum deposit (in UAE) 0 $300
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.1

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 63 45
CFD Indices & Funds 14 15
CFD Stocks 9000 219
CFD Commodities 10 12
CFD Crypto 4 7
CFD Bonds 2 1
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

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

FP Markets vs. FXCM Comparison Conclusion

The results of our comparison of FP Markets vs. FXCM are wrapped up in the table below.

Broker:Best For:
FP MarketsForex and CFD trading with low fees
FXCMForex and CFDs; Algorithmic trading

Selecting the best option in between FP Markets and FXCM can be difficult. Both on-line brokers have similarities yet vary regarding trading instruments, systems & applications, law, deposit & withdrawals, and research and education and learning. Picking the most effective broker relies on users’ trading & financial investment goals, 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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