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FXCM vs DecodeFX
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FXCM currently holds a lower overall rating (3.3) compared to DecodeFX (4.4).
FXCM has a higher minimum deposit than DecodeFX, at 300.0.
Both platforms offer their clients demo accounts, mobile trading.
FXCM offers a lower maximum leverage of 1:30, whereas DecodeFX allows trading with up to 1:500.
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 ($) | 300.0 | 100.0 |
| Commission | 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 | 4,5 |
| Minimum lot size | 1000.0 | 0.01 |
| Maximum lot size | 100000.0 | - |
| Spread | Variable | - |
| Broker type | Dealing Desk, Market Maker | STP, Pro |
| Maximal leverage (1:?) | 30 | 500 |
| Availability | Dealing Desk, Market Maker | STP, Pro |
| Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) | - |
| Trading Platforms | MetaTrader 4 (MT4), FX Trading Station, Web Platform, Mobile Platform | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill | Wire Transfer, UnionPay, FasaPay, WeChat Pay, PayTrust, Dragonpay, USDT |
| Account Currency | USD, GBP, EUR | USD, GBP, EUR, SGD, AUD |
| Languages | English, Spanish, French, German, Italian, Greek, Hebrew, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese | English, Chinese |
| Country | United Kingdom | Vanuatu |
| Trading platform(s) timezone | Australia, Germany, Greece, Hong Kong, South Africa, United Kingdom, United States | Vanuatu |
| Other trading instruments | Stocks, Indices, Commodities, Spread Betting, CFDs, Cryptocurrency | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
