vs FXCM

If you’re reading this article, you’re likely having trouble deciding whether or FXCM (Forex Capital Markets) is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this vs FXCM review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate: (visit site)FXCM (visit site)
Headquarter:United StatesUnited Kingdom
Type of Broker:
Market Maker No Dealing Desk, Dealing Desk
U.S. Clients Allowed:
Minimum Deposit:
$50 £300
Maximum Leverage:
1:50 1:30
Commissions / Spreads:
Variable Spreads Variable Spreads
Account 1:
Standard Standard
Account 2:
Premium Active Trader
Account 3:
Demo Account :
Islamic Account:
Segregated Account:
Yes for clients under FXCM LTD, FXCM AU and FXCM ZA
Managed Accounts:
Institutional Accounts:
Website Languages:
  • imageEnglish
  • image Japanese
  • image Chinese
  • imageEnglish
Support Hours:
24/5 24/5
E-mail Support:
SMS Support:
Broker Offers:

Features and Platforms provides trading interfaces on multiple platforms. It has a web option, mobile apps on Android and iOS, and a desktop application that comes with advanced trading resources. Those advanced resources include customizable indicators, the ability to program automatic trading strategies, and over 100 charting tools out-of-the-box.

If you’re a programmer, you also have the option to trade through APIs.

Novice traders have quite a few resources to learn all about Forex on the company website. hosts an entire educational portal that provides resources on trading concepts, managing risk, and technical analysis, among other themes. The website also manages an up-to-date economic calendar of potentially impactful Forex events.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM’s trading platform, aptly named Trading Station, is similar to’s with several types of charting tools, indicators, and market statistics. It’s available on the web, as a desktop app, and on Android and iOS devices. Another similarity to, FXCM provides APIs to create programmable trading strategies.

In addition to the trading platform, FXCM offers a suite of free and non-free apps that you can plug into your interface.

FXCM also has a comprehensive Knowledge section on its website. It covers educational topics about Forex trading, the worldwide economic market, and how to become a better trader. Additionally, the company has created an exhaustive video library and hosts daily webinars

Type of Platform:MetaTrader 4, Proprietary platformMetaTrader 4, Proprietary platform, Web-based
Platform Languages:
  • imageEnglish
  • image Japanese
  • image Chinese
  • imageEnglish
  • image Chinese
  • image Spanish
  • image Italian
  • image French
  • image German
  • Other
OS Compatibility:
  • imageWindows
  • Mobile
  • Web
  • image iPhone
  • image iPad
  • imageWindows
  • Mobile
  • Web
  • image iPhone
  • image iPad
Trading Signals:
Charting Package:
Market Analysis:
Chart Trading:
Automated Trading:
Mobile Alerts:
Trailing Stops:
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Guaranteed Execution:
One-click Execution:
Interest on Margin:
Web-based Trading:
Mobile Trading:

Available Markets

When comparing the number of supported markets between the two exchanges, has a clear advantage. The platform supports over 80 currency trading pairs, while FXCM offers less than 40.

In addition to Forex, supports gold, silver, futures, and futures options trading. In this respect, FXCM’s markets are slightly more encompassing, including multiple indices, commodities, and cryptocurrencies.

Yes (Non-US Clients Only)
Binary Options:

Typical Spreads and Fees

There are three different account types you can trade through on - Standard and Commissions. The Standard account has no commission fees, but the spreads are generally much higher than the other two account types. When you trade with the Standard account, spreads fluctuate in the one to three range for popular trading pairs with EUR/USD reaching as low as 1.1.

The Commissions are more favorable for high volume traders. They provide spreads as low as 0.2 and 0.1, respectively, for the USD/EUR market but charge a commission. If you choose the Commissions account, you’ll pay $5 per 100 thousand base currency that you trade.


The spreads on FXCM are on par with The average spread on EUR/USD, for instance, is 1.3.

For Active Traders (>150 million monthly volume), FXCM lowers the spreads on each market, once again to levels similar to As an Active Trader, you pay $25 per one million base currency you trade.

FXCM charges a 50 base currency fee for a year of inactivity but has no withdrawal fee.

Security and Trust

Both and FXCM have a generally stellar track record and adhere to strict regulatory standards. Be wary, though; in 2017, the U.S. Commodity Futures Trading Commission fined FXCM for defrauding retail Forex customers.

FXCM launched in 2001 and has quickly grown to become the largest Forex broker in the United States. In the first quarter of 2019, the company managed $1.3 billion of customer assets.FXCM is older than with roots established in 1999. However, Leucadia, a publicly-traded company, bought out the trading platform in 2015. FXCM has won several awards in categories such as best technical tools, best customer support, and best Forex provider, to name a few.
To keep customer funds secure, separates them from the company’s operating assets and stores them in reputable banks around the world. The team regularly audits and reviews these banks.Like, FXCM keeps user funds in segregated accounts at top-tier world banks. FXCM also provides an execution scorecard of their own, detailing many of the same statistics as its competitor.
Directly on the website, you can find an execution scorecard that outlines the platform’s:
● average execution speed.
● percentage of improved limit orders.
● and average price movement per limit order, among other statistics.
The company also publicly publishes its financials every quarter. vs FXCM – Verdict

There are many more similarities than differences between and FXCM. And, you couldn’t go wrong trading on either platform.

If a wide selection of Forex markets is important to you, however, should be your pick. Otherwise, both companies offer competitive spreads and trading interfaces with an ample number of analysis tools. Try trading with a demo account on both platforms to get an authentic feel of which one would be best for you.

You might also be interested in reviewing the below broker comparisons:

Read full FXCM Review


Does or FXCM offer lower pricing? and FXCM both offer a minimum commission-free spread on the EUR/USD of 0.8 pips. The former grants notably tighter spreads on equity CFDs, but the latter implements a more competitive cost structure for commodities. High-frequency traders will benefit from the Active Trader program at FXCM, where the minimum mark-up on the EUR/USD is 0.3 pips with a commission of $40 per $1,000,000 in trading volume. It can decrease as the trading volume increases, with the lowest listed at $25. The DMA account at carries a lower spread at 0.2 pips for the same commission as FXCM. It drops to as low as $20 for over 2,000,000,000 in monthly volume. Therefore, it depends on what the client prefers to trade, as both offer advantages.

Which is better,, or FXCM?

Both brokers offer a similar overall trading environment, making the final choice dependent on the individual traders and their asset preference. is one of the largest MT4 brokers based on active servers as of April 2019 but fails to offer free upgrades to the core version. Both brokers generate valuable research and education, but FXCM provides clients with more value-added services and more trading platform choices, granting it a competitive edge over

How many Forex pairs and CFDs are available to trade? provides 82 currency pairs and over 220 CFDs. FXCM maintains only 40 Forex pairs and does not provide a list of all CFDs. From the publicly available information, is a superior choice from an asset selection standpoint.

What are the minimum deposits for these brokers?

The minimum deposit at is £100 or a currency equivalent, while it is only £50 at FXCM for international clients.

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