versus FXCM

With six specialty algorithmic trading platforms, API trading, and the MT4 trading platform, FXCM is a leading algorithmic trading broker. Manual traders will benefit from Capitalise AI, allowing automation of trading strategies using an intuitive, code-free environment. FXCM also deploys its competitive proprietary trading platform Trading Station and supports social trading via ZuluTrade, complementing the embedded MT4 service. provides traders with a cutting-edge, web-based trading platform, including AI-powered post-trade analysis. Traders may also opt for MT4, enhanced by the active TradingView community. maintains high-quality trading tools and actionable trade recommendations, ensuring clients get an advantage led by Investmate, the proprietary AI-assisted educational app.

We have conducted an in-depth review of FXCM and to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsFXCM (visit site) (visit site)
Headquarter:UKUK, Belarus
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$50 annually after 12 monthsNo
Deposit Fee:
Withdrawal Fee
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Excellent trading platform choicesExcellent asset selection
Unique Feature Two:
Deep liquidityCutting-edge trading tools
Broker Offers:


FXCM offers quality research and education, but takes the lead in both categories due to Investmate, TV, and its extensive market commentary, including actionable trading ideas for beginners.

Available Markets

Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

FXCM maintains an asset selection suitable for focused strategies requiring few but highly liquid trading instruments. is a leading cryptocurrency and Forex broker with a choice of nearly 500 cryptocurrency CFDs and 138 currency pairs. maintains 6,100+ overall assets, ensuring a well-balanced asset selection supporting almost any trading strategy. It also continuously adds new ETFs.

Typical Spreads and Fees

Typical Spreads &
Minimum Raw Spreads:
0.2 pipsNot applicable
Minimum Standard Spreads:
1.3 pips0.6 pips
Minimum Commission for Forex:
$5.00 per round lotCommission-free
Commission for CFDs/DMA:
Commission Rebates:
YesNot applicable
Execution Type:
Market Maker/NDD HybridMarket Maker

High-volume, high-frequency traders can achieve lower trading costs at FXCM once they qualify for rebates, but takes an overall lead with its commission-free pricing environment, cheaper than anything FXCM can provide. Minimum Forex costs at are $6.00 per standard lot versus $13 commission-free or $7 commission-based at FXCM.

Security and Trust


Country of the RegulatorName of the RegulatorLicense Number
Australian Securities and Investments Commission309763
Financial Conduct Authority217689
Cyprus Securities and Exchange Commission392/20
South Africa
Financial Sector Conduct Authority46534

Country of the RegulatorName of the RegulatorLicense Number
Financial Services AuthorityUndisclosed
Australian Securities & Investments Commission513393
Financial Conduct Authority793714
Cyprus Securities and Exchange Commission319/17
National Bank of the Republic of Belarus193225654

Both brokers offer traders equally secure trading environments. FXCM and segregate client deposits from corporate funds, have negative balance protection, and an investor compensation fund for their UK and Cyprus subsidiaries. also complies with PCI Data Security Standards. vs FXCM – Verdict


Excellent choice of trading platforms with dedicated support for algorithmic trading High commission-free Forex trading costs
Deep liquidity, transparent order executions, and monthly slippage statistics
Low-cost commission-based cost structure with a volume-based rebate program
Quality research and education via FXCM Plus

Excellent Forex and cryptocurrency selection Leverage for retail clients restricted to 1:30
A competitive commission-free pricing environmentLimited deposit and withdrawal methods for many international clients
Award-winning proprietary trading platform alongside MT4
High-quality educational section built around Investmate

While niche algorithmic traders get a notably better infrastructure at FXCM, offers the MT4 trading platform, which fully supports algorithmic and copy traders. The Capitalise AI platform at FXCM stands out, but both feature AI-assisted trading tools. takes the overall lead through its excellent asset selection, lower trading costs, and education powered by Investmate, an ideal tool for beginners.

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Can FXCM be trusted?

Since the 2017 takeover by publicly listed Jefferies Financial Group, FXCM has become a trusted broker.

Is FXCM banned?

After losing its US license in 2017, the US effectively banned FXCM. It relocated to the UK under new management, from where it rebuilt itself and now operates as a trustworthy broker.

Who owns FXCM?

The publicly listed Jefferies Financial Group owns FXCM.

Is FXCM a market maker?

FXCM is a market maker with an NDD model.

How do I withdraw money from

The secure back office of handles all financial transactions.

Which broker has the lowest deposit?

Both brokers have low minimum deposit requirements, but has a lower one of only $20 compared to $50 at FXCM.

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