FXCM Vs. Forex.com - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 77% of retail CFD accounts lose money.	Visit 67.6% of retail CFD accounts lose money.
Overview
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.	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
Professional algorithmic traders looking to benefit from their comprehensive API offering.	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
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) CySec (Cyprus) FCA (United Kingdom) FSCA (South Africa)	FINRA (United States) FCA (UK) FFAJ (Japan) IIROC (Canada) CySec (Cyprus) CIMA (Cayman Islands)
The Good
Comprehensive API offering with a variety of conditions and programming languages at no additional cost Proprietary platform (Trading Station)	Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5) Excellent asset offering (more than 5,000+ instruments) Competitive spreads in some of their assets
The Bad
Lack of asset variety in their offering (over 463+ financial instruments) Costly spreads when compared to similar competitors	Despite presenting a great customisable platform, it still feels messy and not intuitive to use Commissions are expensive 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
1999	2001
💳 Minimum Deposit Range
$50	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill	Visa Mastercard Skrill Neteller Bank Transfer
💵 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, BE and more.	None
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
447	5,371
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
341	4,500
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
41	93
📗 Commodities
0	0
📗 Commodities CFDs
14	35
📕 Indices
0	0
📕 Indices CFDs
19	24
📔 ETFs
0	0
📔 ETFs CFDs
0	700
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
22	5
📒 Bonds
0	0
📒 Bonds CFDs
10	14
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Varies per share (eg: 0.3 AMZN shares)
📉 Minimum ETFs Trade Size
Unavailable	Varies per ETF (eg: 5 contracts of XLK)
📈 Minimum Crypto Trade Size
1 Unit	Varies per Cryptocurrency (eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (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
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
400	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
📺 cTrader
No	No
💻 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.	$15 monthly after 1 year of inactivity.
💰 Deposit Fees
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	Depending on account type. Standard account has no commissions “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn
Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips	Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 58 Pips	Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 41 Pips	Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $51	Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
No	No
📡 Webinars
No	No