Updated May 13 2022
Overview | |
---|---|
FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. |
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. |
Best For | |
|
|
Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
|
|
The Bad | |
|
|
Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1999 (FXCM Group) | 2001 |
💳 Minimum Deposit | |
€, £, $ - 50 (Varies by payment method) | $100 |
💰 Payment Methods | |
💵 Account Base Currencies | |
4 - EUR GBP, USD, CHF. | 6 - GBP, USD, EUR, AUD, JPY, CHF. |
🗽 Available to U.S Citizens | |
No | Yes |
❌ Restricted Countries | |
RU, US, CA, JP, SK and more. | None |
📊 STP Account | |
No | Yes |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
200+ | 4,500+ |
📘 Currency Pairs | |
39 | 93 |
📗 Commodities | |
11 | 35 |
📕 Indices | |
15 | 24 |
📔 ETFs | |
N/A | 700+ |
💸 Cryptocurrencies | |
6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK) |
5 |
📒 Bonds | |
N/A | 14 |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | N/A |
📝 Notes: | |
All of FXCM's assets are CFDs. | All of Forex.com’s assets are CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 share | Varies per share (eg: 0.3 AMZN shares) |
📉 Minimum ETFs Trade Size | |
N/A | Varies per ETF (eg: 5 contracts of XLK) |
📈 Minimum Crypto Trade Size | |
1 unit of any cryptocurrency | Varies per Cryptocurrency (eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
$1000 (0.01 Lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 1 Troy ounce of Gold) | Varies per commodity (eg: 1 contract of Gold) |
📉 Minimum Bonds Trade Size | |
N/A | Varies per Bond (eg: 1 contract of Euro Bobl) |
📈 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 (Varies) | Up to 1:500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
Yes | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
50 units of the account's base currency yearly after 1 year of inactivity. |
Yes, $15 monthly after 1 year of inactivity. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
No |
💰 Commissions | |
No | Yes depending on account type.
|
Spreads |
📈 EUR/USD | |
From 1.2 Pips (As per our research) | Dynamic - From 0.8 Pips |
📉 SP500 | |
Dynamic - From 58 Pips (As per our research) | From 60 Pips |
📈 GOLD | |
Dynamic - From 41 Pips (As per our research) | From 50 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.04 (As per our research) | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - Market Spread |
📉 BTC | |
Dynamic - From $51 (As per our research) | From $120 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | Yes |