FXCM vs FOREX.com Broker Comparison

Home » FXCM vs FOREX.com Broker Comparison

Are you trying to figure out which is a better broker, T1Markets or ROInvesting? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that ROInvesting is the better of the two. ROInvesting offers 350+ instruments, licenses from CySec, and fair trading fees.

In the tables below, you can compare the features of T1Markets and ROInvesting side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked ROInvesting higher than T1Markets.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
blue-fxcm-logoForex.com
OPEN ACCOUNTReviewReview
RATING96.5/10095.5/100
MIN. DEPOSIT50 (depending on the payment method)$100$
REGULATED BYuk europe south africa australiauk australia cayman-islands
BONUSNo InformationCheck Website
MIN. SPREAD1.30.8
MAX. LEVERAGE1:400 (1:30 for AU, EU and UK clients)1:400
CURRENCY PAIRS3991
TRADING INSTRUMENTS60+4,500+
TRADING PLATFORMSMT4, Mobile, PrivateMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, Mastercard, Skrill, NetsellerBank transfer, Visa, MasterCard, PayPal and more
TYPE OF BROKERSEnhanced ExecutionMarket Maker/DMA
CUSTOMER SUPPORT24/724/5
LANGUAGE SUPPORT81
ESTABLISHED19992001
USED BY100,000+ Traders100,000+ Traders

Does FXCM or FOREX.com have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive FXCM and FOREX.com are, we first considered the common fees on Standard Accounts. At FXCM the average spread for the EUR/USD currency pair is 1.3 pips, whilst at FOREX.com the spread is 0.8.

This shows that FOREX.com is the better option for low-cost forex trading.

When it comes to non-trading fees, FXCM charges for inactivity, withdrawal. FOREX.com charges for inactivity, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXCM is the better option.

Trading Fees*

TYPE OF FEEFXCMFOREX.COM
Minimum Spread EURUSD (pips)1.30.8
Commission (%)00
Commission on Islamic Accounts (%)0

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEFXCMFOREX.COM
Account FeesNN
Inactivity FeesYY
Deposit FeesNN
Withdrawal FeesYY

Which broker is safer, FXCM or FOREX.com?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

FXCM is regulated by FCA, CySec, FSCA, ASIC and offers client protection. FOREX.com is regulated by FCA, ASIC, CIMA, IIROC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FOREX.com is the safer broker.

Broker summary

FXCMFOREX.COM
Minimum Deposit (USD $)50 (depending on the payment method)100
LicensesFCA, CySec, FSCA, ASICFCA, ASIC, CIMA, IIROC
Max. Leverage1:400 (1:30 for AU, EU and UK clients)1:400
Client ProtectionYY
Broker TypeEnhanced ExecutionMarket Maker/DMA
Number of Instruments60+4,500+
Currency Pairs3991
Stocks100+4,500
Cryptocurrencies78
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5NY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, Mastercard, Skrill, NetsellerBank transfer, Visa, MasterCard, PayPal and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at FXCM and FOREX.com?

FXCM provides traders with 60+ instruments. This includes 39 currency pairs, 7 cryptocurrencies, and 100+ stocks and shares. With FXCM, you can also trade CFDs.

In comparison, FOREX.com boasts 4,500+ tradable instruments. FOREX.com offers 91 currency pairs, 8 cryptocurrencies, and 4,500 stocks and shares. FOREX.com also allows CFD trading.

As FOREX.com has 4,500+ and FXCM has 60+, a difference of 56, this shows that FOREX.com offers more opportunities to diversify your trading portfolio.

Markets and Products

INSTRUMENTFXCMFOREX.COM
Currency Pairs3991
Commodities1111
Precious Metals37
Indices1521
Stocks and Shares100+4,500
Cryptocurrencies78
Options0
ETFs11

Which broker offers the best trading platform, FXCM or FOREX.com?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

FXCM provides you with the ability to trade via 3 trading platforms, and FOREX.com has 3 trading platforms, too. Both brokers also offer research and trading tools, however FOREX.com has more.

Overall, our experts agree that FXCM boasts the better trading platform offering.

Research Tools

TOOLFXCMFOREX.COM
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasYY
Expert AnalysisYY
Autochartist ToolsNY
Sentiment ChartsYY
Economic CalendarYY

Which is better for beginners, FXCM or FOREX.com?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FXCM is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXCM also has a minimum deposit of $.

Educational Features

FEATUREFXCMFOREX.COM
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYY
Live WebinarsYY
YouTube VideosYY
Trading AcademyYY
Trading GlossaryYY

Which broker is better overall?

Overall, our tested reviewing methodology proves that FXCM is the better broker in a range of key areas. You can learn more by reading our FXCM and FOREX.com reviews.

Top 5 Forex Brokers

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

Top Platform in 2024

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

Top Prop Firm in 2024

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%