Forex.com Vs. FXCM - Compare and Choose the Right One


Visit 67.6% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.	FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. TheTradingBible.com is acting in a capacity of a marketing affiliate of FXCM EU LTD.
Best For
Traders of all levels (beginner to advanced) looking for competitive pricing Trades of all levels looking for a great platform variety High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades	Professional algorithmic traders looking to benefit from their comprehensive API offering
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FINRA (United States) FCA (UK) FFAJ (Japan) IIROC (Canada) CySec (Cyprus) CIMA (Cayman Islands)	ASIC (Australia) CySec (Cyprus) FCA (United Kingdom) FSCA (South Africa)
The Good
Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5) Excellent asset offering (more than 5,000+ instruments) Competitive spreads in some of their assets	Comprehensive API offering with a variety of conditions and programming languages at no additional cost Proprietary platform (Trading Station)
The Bad
Despite presenting a great customisable platform, it still feels messy and not intuitive to use Commissions are expensive when compared to similar competitors	Lack of asset variety in their offering (over 300+ financial instruments) Costly spreads when compared to similar competitors
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 Day	1 Day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2001	1999 (FXCM Group)
💳 Minimum Deposit
$100	€, £, $ - 50 (Varies by payment method)
💰 Payment Methods
Visa Mastercard Skrill Neteller Bank Transfer	Visa Mastercard Bank Transfer Neteller Skrill Skrill and Neteller are not available to FXCM EU clients at the moment
💵 Account Base Currencies
6 - GBP, USD, EUR, AUD, JPY, CHF.	4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
None	RU, US, CA, JP, SK and more.
📊 STP Account
Yes	No
📊 DMA Account
Yes	No
📊 ECN Account
Yes	No
Assets
📚 Available Assets
CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.	CFDs on stocks, currencies, commodities, cryptocurrencies and indices
📙 Stocks
4,500+	200+
📘 Currency Pairs
93	41
📗 Commodities
35	11
📕 Indices
24	16
📔 ETFs
700+	N/A
💸 Cryptocurrencies
5	17 (Not for UK Clients)
📒 Bonds
14	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
All of Forex.com’s assets are CFDs.	All of FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies per share (eg: 0.3 AMZN shares)	1 share
📉 Minimum ETFs Trade Size
Varies per ETF (eg: 5 contracts of XLK)	N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.01 BTC)	1 unit of any cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 contract of Gold)	Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
Varies per Bond (eg: 1 contract of Euro Bobl)	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:500	Up to 1:500 (Varies)
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Yes, $15 monthly after 1 year of inactivity.	50 units of the account's base currency yearly after 1 year of inactivity.
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).
💰 Commissions
Yes depending on account type. Standard account has no commissions “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn	No
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	From 1.2 Pips (As per our research)
📉 SP500
From 60 Pips	Dynamic - From 58 Pips (As per our research)
📈 GOLD
From 50 Pips	Dynamic - From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
Dynamic - Market Spread	N/A
📉 BTC
From $120	Dynamic - From $51 (As per our research)
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
Yes	No