Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs FXCM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FOREX.com and FXCM both began operations in 1999 and have established themselves in the world of online brokerage. Both companies are publicly traded, but neither operates as a bank. In terms of trustworthiness, ForexBrokers.com rates FOREX.com with a perfect Trust Score of 99, while FXCM holds a slightly lower, yet strong, Trust Score of 95. These ratings reflect the companies' standings in terms of reliability and security measures, based on a scale where scores of 90 to 99 denote a highly trusted status.
When it comes to regulatory oversight, FOREX.com holds 7 Tier-1 licenses, which are regarded as highly trusted by ForexBrokers.com, and 1 Tier-2 license, considered trusted. In contrast, FXCM has obtained 4 Tier-1 licenses and 2 Tier-2 licenses. This indicates that both brokers are well-regulated, but FOREX.com has a slight edge in terms of the number of highest-level licenses. These regulatory credentials underline the brokers' commitments to maintaining secure and compliant trading environments for their clients.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | Yes |
| Bank | No | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing FOREX.com to FXCM in terms of commissions and fees, both brokers offer distinctive options for traders, but they differ in their pricing transparency and costs. FOREX.com, rated 4.5 stars for commissions and fees and ranked 13th out of 62 brokers by ForexBrokers.com, is known for its slightly higher than average costs. Their Standard account, with spreads averaging 1.4 pips for EUR/USD for U.S. clients, appeals to those preferring market-maker execution. Meanwhile, their RAW Spread account offers lower spreads of 0.13 pips but includes a commission-based structure, potentially appealing more to active traders outside the United States.
The RAW Spread account at FOREX.com introduces volume-based rebates that can range from $2 to $9 per million, depending on the tier, with a base commission of $7 per Standard lot. While this setup may benefit traders handling large monthly volumes, average traders might find the cost comparable to the Standard account without trading over $50 million per month. This structure offers an opportunity for high-volume traders to enjoy competitive spreads similar to those provided by rivals like IC Markets or Tickmill.
In comparison, FXCM, earning a 4-star rating, ranks 24th in the same category. FXCM tends to have slightly above-average costs but presents significant discounts through its Active Trader Rebate Program, especially beneficial for high-volume traders. With average spreads of 0.78 pips for EUR/USD in its EU, UK, and Australia offerings and even higher for its St. Vincent and the Grenadines entity, FXCM's commission-based accounts post low spreads of 0.28 pips before commissions. However, once commissions are considered, effective spreads can reach about 0.74 pips. The program's highest rebate tier offers $25 per million traded, making it less competitive than Tickmill and FP Markets. Thus, both brokers cater to various trading preferences, with FOREX.com favoring customized execution and FXCM offering rebates for higher volume traders.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Minimum Deposit | $100 | Starts from $50 |
| Average Spread EUR/USD - Standard | 1.4 | 0.78 |
| All-in Cost EUR/USD - Active | 0.9 | 0.78 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the available range of investments between FOREX.com and FXCM, it's clear that these online brokers cater to different needs. FOREX.com offers a vast selection with 5,500 tradable symbols and 91 forex pairs, providing traders with numerous choices across various markets. In contrast, FXCM has 440 tradable symbols and 43 forex pairs, offering a more streamlined selection. Both brokers allow forex trading through CFDs or spot contracts, but neither provides direct access to U.S. or international exchange-traded securities like shares of Apple or Vodafone. Additionally, FOREX.com excels in cryptocurrency derivatives, while both lack the option for purchasing actual cryptocurrencies.
While FOREX.com does not support copy trading, FXCM does, which might attract those seeking to mirror successful strategies from other traders. This difference might be one reason why FOREX.com achieves a higher rating of 5 stars for its range of investments compared to FXCM's 3.5 stars. Furthermore, in rankings provided by ForexBrokers.com, FOREX.com is positioned much higher at 7th place among 62 brokers, whereas FXCM is ranked 47th. Ultimately, for those who prioritize a broader range of investment opportunities, FOREX.com seems to have the edge, while FXCM could appeal to those interested in copy trading features.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 440 |
| Forex Pairs (Total) | 91 | 43 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When it comes to trading platforms and tools, both FOREX.com and FXCM offer a comprehensive range of features, tailored to enhance the trading experience for users. Both brokers provide simulated trading through free virtual demo accounts, which is ideal for beginners to practice risk-free. They also boast proprietary platforms developed in-house, in addition to offering the Windows-based desktop and web-based trading platforms that are essential for accessibility across devices. Users who are inclined toward the popular MetaTrader software will find FOREX.com to be a standout choice as it offers support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). On the other hand, FXCM offers MT4 but not MT5. Notably, FXCM provides copy trading through ZuluTrade, catering to traders interested in social trading experiences.
In terms of charting capabilities, FOREX.com edges out with a significant number of drawing tools, offering 239 compared to FXCM's 10, which may be crucial for in-depth technical analysis. Both brokers enable trading directly from stock charts, aiding seamless transitions from analysis to execution. For those managing multiple instruments, FOREX.com provides watch lists with 20 columns, while FXCM offers 13. Both platforms are top-rated with 5-star ratings for their trading platforms and tools. According to ForexBrokers.com rankings, FXCM is slightly ahead, ranked #6 out of 62 brokers, whereas FOREX.com is ranked #7, a testament to their closely matched suite of offerings.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 115 |
| Charting - Drawing Tools (Total) | 239 | 10 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 13 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FOREX.com and FXCM, both platforms are available on iPhone and Android devices and provide several similar features. Users can receive stock or forex price alerts and create watchlists with real-time quotes, which sync seamlessly with their online accounts. Both apps allow drawing trendlines and exploring various time frames on charts, with features to save any drawings. However, one key differentiator is the number of technical studies offered for charting; FOREX.com provides 88 options, while FXCM offers 59, giving FOREX.com an edge for those seeking detailed analytical tools.
In terms of user ratings and expert rankings, FOREX.com's app is rated five stars and is ranked third out of 62 brokers by ForexBrokers.com for mobile trading apps. FXCM's app, while still highly regarded with a 4.5-star rating, ranks 16th in the same category. For users prioritizing a high-ranking and feature-rich app, FOREX.com appears to be the superior option. However, FXCM remains a strong contender for those valuing similar core functionalities.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 59 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When examining the market research offerings of FOREX.com and FXCM, both platforms provide daily market commentary and access to forex news from respected sources like Bloomberg and Reuters. They also feature sentiment-based trading tools, which allow traders to gauge market direction by showing long and short position ratios. Additionally, both FOREX.com and FXCM include technical analysis tools from Trading Central, plus comprehensive economic calendars that highlight global news events impacting various economies.
Despite several shared features, FXCM distinguishes itself by offering market research from TipRanks, a resource not available through FOREX.com. Both brokers, however, do not offer tools from Autochartist or Acuity Trading. In terms of research quality, both platforms receive a solid rating of 4.5 stars and address the key needs of traders seeking insightful market data. Ranked for research by ForexBrokers.com, FOREX.com holds the 9th position among 62 brokers, while FXCM follows closely at 11th, underscoring their strong research offerings.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to dive into forex or CFD trading, both FOREX.com and FXCM provide ample educational resources to get you started. Each platform offers a wealth of learning materials with at least 10 educational pieces, including articles, videos, and archived webinars. Both brokers ensure ongoing learning through monthly online webinars and maintain easily accessible archives of these sessions, allowing you to learn at your own pace.
When it comes to catering to both newcomers and seasoned traders, FOREX.com and FXCM deliver comprehensive educational content. Each platform offers over 10 videos specifically designed for beginners and experienced traders alike. Both brokers also provide an investor dictionary with over 50 terms to help demystify trading jargon. While both platforms rate 4.5 stars for education, FOREX.com takes a slight lead in the rankings by ForexBrokers.com, securing the #4 spot out of 62 brokers, compared to FXCM's position at #14. Overall, both brokers stand as strong choices for those seeking solid educational foundations in trading.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than FXCM. FOREX.com finished with an overall rank of #5, while FXCM finished with an overall rank of #15.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
FXCM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 95 |
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Both FOREX.com and FXCM do not offer the ability to buy actual delivered cryptocurrency but provide options to trade cryptocurrency derivatives.
FOREX.com and FXCM both support ACH and SEPA transfers, PayPal, Visa or Mastercard, and bank wire transactions for depositing or withdrawing funds, but differ as FXCM offers Skrill while FOREX.com does not.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FOREX.com | FXCM | |
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| Trust Score | 99 | 95 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FXCM Review |
| Broker Screenshots | FOREX.com | FXCM | |
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| Regulation | FOREX.com | FXCM | |
|---|---|---|---|
| Trust Score | 99 | 95 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | Yes | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | FXCM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | FXCM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | Yes | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | FXCM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 440 | |
| Forex Pairs (Total) | 91 | 43 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FOREX.com | FXCM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 0.78 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.78 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | FXCM | |
|---|---|---|---|
| Minimum Deposit | $100 | Starts from $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | FXCM | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FOREX.com | FXCM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 13 | |
| Charting - Indicators / Studies (Total) | 88 | 115 | |
| Charting - Drawing Tools (Total) | 239 | 10 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | FXCM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 59 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | FXCM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | FXCM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FOREX.com | FXCM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FOREX.com Review | FXCM Review |
| Overall | FOREX.com | FXCM | |
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| Trust Score | 99 | 95 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | FXCM Review |
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