Forex.com vs FXCM
Compare Forex.com vs FXCM Side by Side
Trying to choose between Forex.com vs FXCM, but can’t decide which Broker is better Broker for your trading strategy? We made a detailed comparison between Forex.com Review vs FXCM Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
|Licenses||USA, UK, Australia, Japan, Singapore, Canada, Cayman Islands||UK, Australia, South Africa|
|Minimum Deposit||50 US$||50 US$|
|Trading Platforms||MT4, MT5, FOREX.com Platforms||MT4, Trading Station, ZuluTrade, TradingView, Ninja Trader|
|Eurusd avg Spread||1.2 pips||1.3 pips|
|Licenses Countries Info (short)|
Forex.com vs FXCM Brokers both regulated in the UK and Australia, however, the advantage for reliability and trust is on Forex.com side, it is considered more safe broker to trade due to numerous regulations and overseeing by top-tier regulations so legit to accept clients from US.
Both Brokers operate STP Execution making them equal, adding NDD execution which is even better for price transparency. Also Forex.com has DMA separate account which is a plus.
Trading conditions are similar with a slight advantage to Forex.com there is no restriction on strategies and both proposals suitable for all type of traders beginners, advanced or professional traders. Forex.com has an advantage with Zero spread commission-based account making them suitable for professional traders and larger account offering overall.
Trading costs for Forex.com vs FXCM are very similar, Spread based Standard account offer almost the same spreads. The only difference is that FXCM does not change any fees, while Forex.com has a monthly inactivity fee.
While FXCM offers only one Standard Account, Forex.com has also Swap free account or Islamic Account, meant for traders following Sharia laws with suited conditions and applicable laws available.
The range of trading instruments offered by Forex.com and FXCM is slightly different, as FXCM number and range of assets are pretty limited, while Forex.com provides access to over 4,500+ markets, including Bonds and Spread betting.
Both Forex.com and FXCM offer proprietary platforms along with several other ones, such as MT4, MT5, ZuluTrade and WebTrader that make their proposals attractive and suitable for many traders, opening more opportunities and strategies for them.
Deposit & Withdrawal Methods
Both brokers payment methods are quite limited, as they are supporting only Cards, Bank transfer and Skrill (only FXCM) as payment methods. Both brokers provide fast money transfers and charges no additional fees for deposits or withdrawals.
Both Forex.com and FXCM brokers placed their orientation on good support and guidance, you will find their Customer Support available 24-hours and accessible either through live chat, international phone lines, email. . Both brokers provide great learning materials, both are on a very good level with excellent support, diverse education tools and section with videos and webinars.
Conclusion on Forex.com vs FXCM
Concluding Forex.com vs FXCM comparison we found both brokers are reliable and trustworthy with years of experience, well-organised and regulated. Both proposals are similar, alike costs, education and good support, both developed great proprietary platforms suitable for all size trader. However, some advantage goes to Forex.com for the number of instruments, available platforms, and different account types with a spread or commission basis. Here is our final recommendation:
- Forex.com – 🥇 Best for Professional trading good for experienced traders looking for excellent platform selection and reliable broker.
- FXCM – 🥇Best Broker for Autotrading that helps traders to improve their own trading strategies.