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FOREX.com vs FXCM
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FOREX.com currently holds a lower overall rating (2.5) compared to FXCM (3.3).
FOREX.com has a lower minimum deposit, at 100.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 1000.0, but FOREX.com has a maximum lot size of 5.0E7, while FXCM offers 100000.0.
FOREX.com offers a greater leverage limit of 1:50, whereas FXCM allows a maximum of only 1:30.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 100.0 | 300.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 1000.0 | 1000.0 |
| Maximum lot size | 5.0E7 | 100000.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker | Dealing Desk, Market Maker |
| Maximal leverage (1:?) | 50 | 30 |
| Availability | Market Maker | Dealing Desk, Market Maker |
| Regulation | NFA (US), CFTC (US), FCA (UK), CySEC (Cyprus), ASIC (Australia), CIMA (Cayman Islands), FSA (Japan), MAS (Singapore), SCA (UAE) | FCA (UK), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform, NINJA Trader, TradingView | MetaTrader 4 (MT4), FX Trading Station, Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Paypal, ACH deposit, Skrill, BPay | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, PLN, HKD, AUD | USD, GBP, EUR |
| Languages | English, Spanish, German, Japanese, Chinese, Polish, Arabic | English, Spanish, French, German, Italian, Greek, Hebrew, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese |
| Country | United States | United Kingdom |
| Trading platform(s) timezone | Australia, Canada, Cyprus, Germany, Japan, Poland, Singapore, United Kingdom, United States | Australia, Germany, Greece, Hong Kong, South Africa, United Kingdom, United States |
| Other trading instruments | CFDs | Stocks, Indices, Commodities, Spread Betting, CFDs, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
