Forex.com
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67.6% of retail CFD accounts lose money.

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FXCM
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77% of retail CFD accounts lose money.

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

Updated Oct 20 2022

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. 

**The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information.

TheTradingBible.com is acting in a capacity of marketing affiliate for 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 463+ 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
💳 Minimum Deposit Range
$100 $50
💰 Payment Methods
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
💵 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, BE and more.

📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
5,371 447
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
4,500 341
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
93 41
📗 Commodities
0 0
📗 Commodities CFDs
35 14
📕 Indices
0 0
📕 Indices CFDs
24 19
📔 ETFs
0 0
📔 ETFs CFDs
700 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
5 22
📒 Bonds
0 0
📒 Bonds CFDs
14 10
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
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) Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.01 BTC) 1 Unit
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (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
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 400
✍ 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
📺 cTrader
No 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

$15 monthly after 1 year of inactivity.

50 units of the account's base currency yearly after 1 year of inactivity.

💰 Deposit Fees
None

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

💰 Withdrawal Fees
None None
💰 Commissions

Depending on account type.

  • Standard account has no commissions
  • “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn
None
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 1.2 Pips
📉 SP500
Dynamic - From 60 Pips Dynamic - From 58 Pips
📈 GOLD
Dynamic - From 50 Pips Dynamic - From 41 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $1.04
📈 XLK (ETF - CFD)
Dynamic - Market Spread Unavailable
📉 BTC
Dynamic - From $120 Dynamic - From $51
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
Yes No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
Yes No
📡 Account Management
No No
📡 Webinars
No No