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


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. TheTradingBible.com is acting in a capacity of a marketing affiliate of 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 300+ 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 (FXCM Group)	2001
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method)	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill Skrill and Neteller are not available to FXCM EU clients at the moment	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 and more.	None
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Assets
📚 Available Assets
CFDs on stocks, currencies, commodities, cryptocurrencies and indices	CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.
📙 Stocks
200+	4,500+
📘 Currency Pairs
41	93
📗 Commodities
11	35
📕 Indices
16	24
📔 ETFs
N/A	700+
💸 Cryptocurrencies
17 (Not for UK Clients)	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. Standard account has no commissions “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn
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