FXCM vs FXChoice Broker Comparison

Are you trying to figure out which is a better broker, FXCM or FXChoice? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXCM is the better of the two. FXCM offers 60+ instruments, licenses from FCA, CySec, FSCA, ASIC, and fair trading fees.

In the tables below, you can compare the features of FXCM and FXChoice 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 FXCM higher than FXChoice.

Rating
96.5/100
93.8/100
Min. Deposit
50 (depending on the payment method)$
100$
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
IFSCIFSC
Bonus
No Information
15%
Min. Spread
1.3
1.4
Max. Leverage
1:400 (1:30 for AU, EU and UK clients)
1:200
Currency Pairs
39
36
Trading Instruments
60+
50+
Trading Platforms
MT4, mobile, Private
MT4, MT5, mobile
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
Type of Brokers
Enhanced Execution
Market Maker/NDD
Customer Support
24/7
24/5
Language Support
8
8
Established
1999
2010
Used By
100,000+ Traders
100,000+ Traders

Does FXCM or FXChoice 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 FXChoice 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 FXChoice the spread is 1.4.

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

When it comes to non-trading fees, FXCM charges for inactivity, withdrawal. FXChoice charges for deposit, 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 is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, FXCM or FXChoice?

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. FXChoice is regulated by IFSC and offers client protection.

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

Broker summary

How many trading instruments are available at FXCM and FXChoice?

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, FXChoice boasts 50+ tradable instruments. FXChoice offers 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. FXChoice also allows CFD trading.

As FXChoice has 50+ and FXCM has 60+, a difference of 10, this shows that FXChoice offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, FXCM or FXChoice?

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 FXChoice has 3 trading platforms, too. Both brokers also offer research and trading tools, however FXCM has more.

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

Research Tools

Which is better for beginners, FXCM or FXChoice?

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

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 FXChoice reviews.

FXCM vs FXChoice
FXCM
96.5
Points
FXChoice
93.8
Points
Overall
3 points
FXCM
96
Points
FXChoice
96
Points
Commissions & Fees
FXCM
97
Points
FXChoice
93
Points
Licensing & Safety
4 points
FXCM
99
Points
FXChoice
98
Points
Trading Platforms & Tools
1 points
FXCM
94
Points
FXChoice
97
Points
Payments
3 points
FXCM
95
Points
FXChoice
92
Points
Customer Service
3 points
FXCM
98
Points
FXChoice
87
Points
Educational
11 points
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