Written by ForexBrokers.com
In this head to head comparison of FXCM vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing FXCM and FXGT.com, both online brokers bring different qualities to the table. Founded in 1999, FXCM stands out as a more established entity and is even publicly traded. It boasts a high Trust Score rating of 95 out of 99 from ForexBrokers.com, making it a highly trusted choice. This confidence is backed by 4 Tier-1 licenses and 2 Tier-2 licenses, indicating strong regulatory compliance and oversight. While it is not a bank, FXCM offers traders a reliable platform for forex trading.
On the other hand, FXGT.com, founded in 2019, is a newer player in the industry. Though not publicly traded, it holds 1 Tier-1 and 1 Tier-2 license, which provides a basic level of assurance. However, its Trust Score rating of 69 places it in the high-risk category as per ForexBrokers.com’s ratings. For those considering FXGT.com, it is important to weigh these factors against your own risk tolerance and trading goals. Both brokers serve non-banking roles in the financial markets, offering various options for forex and CFD trading.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
FXCM and FXGT.com are two prominent online brokers with varying structures for commissions and fees. FXCM charges slightly above average prices for forex trading. For its standard account, FXCM reported average spreads on the EUR/USD at 0.78 pips for its EU, U.K., and Australia clients in May 2024. In contrast, the average spread was higher at 1.38 pips for those trading under its St. Vincent and the Grenadines entity. FXCM’s commission-based accounts showed more competitive numbers, with average spreads of 0.28 pips. However, once commissions are included, the effective spread moves to approximately 0.74 pips. FXCM also offers the Active Trader Rebate Program where eligible traders trading over $10 million per month can receive rebates, although these are not available in the U.K. or EU. This program has five tiers, with rebates ranging from $5 to $25 per million traded, depending on your trading volume and account entity.
FXGT.com, on the other hand, lacks detailed average spread data, making direct comparisons difficult. However, it is rated slightly lower than FXCM in terms of commissions and fees. FXCM boasts a 4-star rating, ranking it 24th out of 62 brokers in this category according to ForexBrokers.com. FXGT.com, receiving a 3.5-star rating and holding the 55th position out of 62 brokers, trails behind FXCM. While FXGT.com may be a viable option for traders, those prioritizing low commissions and fees might find FXCM's structured programs and discounts more attractive.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $5 |
| Average Spread EUR/USD - Standard | 0.78 | N/A |
| All-in Cost EUR/USD - Active | 0.78 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FXCM and FXGT.com, both brokers offer the ability to trade forex as Contracts for Difference (CFDs) or spot contracts, catering to forex enthusiasts with a range of offerings. FXCM provides an extensive selection of 440 tradeable symbols, including 43 forex pairs, while FXGT.com offers fewer options with 117 tradeable symbols, although it slightly surpasses FXCM in the number of forex pairs available, with 53 pairs. Both traders stand on equal footing when it comes to exchange-traded securities from either U.S. or international exchanges, as neither broker offers these options.
For those interested in copy trading, both FXCM and FXGT.com provide this option, enhancing trading flexibility. When it comes to cryptocurrencies, both brokers allow the trading of crypto derivatives but not actual cryptocurrencies. According to ForexBrokers.com, FXCM receives a higher rating of 3.5 out of 5 stars for its range of investments, ranking 47th among 62 brokers, while FXGT.com trails with a 3-star rating, placing it at 60th. Overall, FXCM offers a wider array of investment opportunities, although both brokers have their unique strengths and limitations.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 117 |
| Forex Pairs (Total) | 43 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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 exploring the trading platforms and tools offered by FXCM and FXGT.com, both brokers provide free virtual demo accounts, allowing traders to practice without financial risk. FXCM shines with its proprietary trading platform, developed in-house, alongside popular options like MetaTrader 4 (MT4) and ZuluTrade, though it lacks MetaTrader 5 (MT5) support. Meanwhile, FXGT.com does not have a proprietary platform but compensates with support for both MT4 and MT5. In terms of desktop accessibility, both brokers offer a Windows-based platform, and their services extend to a web-based option, making trading convenient from any device. Copy trading is available across both platforms, catering to traders interested in following experienced market participants.
When it comes to charting tools, FXCM provides fewer drawing tools at 10, compared to FXGT.com's 23. However, FXCM stands out by offering more customization with 13 columns for watch lists, as opposed to FXGT.com's 5. Notably, both brokers enable trading directly from stock charts. FXCM receives a 5-star rating for its trading platforms and tools, further reflected by its sixth-place ranking out of 62 brokers on ForexBrokers.com. However, FXGT.com, with a solid offering, garners a 4-star rating and ranks 56th. Overall, FXCM is noted for its advanced trading platform options and customization features, while FXGT.com remains competitive by supporting both MT4 and MT5 and offering an extensive range of drawing tools.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 37 |
| Charting - Drawing Tools (Total) | 10 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXCM and FXGT.com, it's clear both platforms offer comprehensive tools for traders on the go. Both companies provide apps compatible with iPhone and Android devices, and each supports features like stock and forex price alerts, watchlist symbol syncing, and the ability to draw trendlines on charts. Additionally, FXCM and FXGT.com allow users to view charts across multiple time frames and automatically save drawings. They also offer the ability to create watchlists with real-time quotes, ensuring a seamless mobile trading experience.
Where FXCM stands out is in its charting capabilities, offering 59 technical studies compared to FXGT.com's 30. This more extensive suite of studies might appeal to traders who rely heavily on technical analysis. These features contribute to FXCM's higher rating of 4.5 stars for its mobile trading app, while FXGT.com receives 3.5 stars. Reflecting this difference, ForexBrokers.com ranks FXCM at #16 out of 62 brokers, significantly higher than FXGT.com's position at #58. Whether you seek more advanced charting tools or a solid app experience, both platforms offer options worth considering in the mobile trading world.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| 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 comparing FXCM and FXGT.com for market research, FXCM clearly edges out with a substantial offering. FXCM provides daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, which FXGT.com does not. Additionally, FXCM equips traders with tools from Trading Central, offering Technical Analytics, and includes market research from TipRanks. In contrast, FXGT.com lacks access to these additional research resources. However, both brokers offer sentiment-based trading tools and provide an economic calendar to keep up with global news events.
In terms of overall research quality, FXCM is rated 4.5 stars and ranks #11 out of 62 brokers according to ForexBrokers.com. Meanwhile, FXGT.com holds a 3-star rating and is positioned notably lower, ranking at #56. These distinctions highlight the more comprehensive market research capabilities of FXCM compared to FXGT.com, making it a preferred choice for traders looking for in-depth market insights and reliable information sources.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FXCM stands out compared to FXGT.com. FXCM offers a comprehensive array of over ten educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. In addition to these resources, FXCM provides monthly online webinars and maintains a searchable archive of previous sessions, allowing learners to revisit presentations at their convenience. FXCM also delivers educational materials tailored for different experience levels, offering at least ten beginner videos and ten advanced videos to deepen traders' knowledge. An investor dictionary with over 50 investing terms rounds out the resources, earning FXCM a high education rating of 4.5 stars and a commendable #14 ranking in the education category by ForexBrokers.com.
In contrast, FXGT.com falls short in the educational field. It lacks the breadth and depth of content available at FXCM, failing to provide at least ten educational pieces on forex or CFDs. The absence of monthly webinars or a searchable archive of recorded sessions makes it harder for beginners to access structured learning. While FXGT.com does offer an investor dictionary similar to FXCM's, its overall education resources are limited, resulting in a lower education rating of 3 stars and a #59 ranking by ForexBrokers.com. For beginners keen on an immersive educational journey, FXCM appears to be the more favorable option.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 FXCM is better than FXGT.com. FXCM finished with an overall rank of #15, while FXGT.com finished with an overall rank of #58.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 69 |
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Neither FXCM nor FXGT.com provides the option to purchase actual (delivered) cryptocurrencies, but both offer the ability to trade cryptocurrency derivatives.
Both FXCM and FXGT.com offer ACH or SEPA transfers, Visa or Mastercard, and bank wires as options for depositing or withdrawing account funds, but only FXCM supports PayPal and Skrill, whereas FXGT.com does not support these methods.
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 | FXCM | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | FXCM Review |
| Broker Screenshots | FXCM | FXGT.com | |
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| Regulation | FXCM | FXGT.com | |
|---|---|---|---|
| Trust Score | 95 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXCM | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXCM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 117 | |
| Forex Pairs (Total) | 43 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | FXCM | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | N/A | |
| All-in Cost EUR/USD - Active | 0.78 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FXCM | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 5 | |
| Charting - Indicators / Studies (Total) | 115 | 37 | |
| Charting - Drawing Tools (Total) | 10 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | FXGT.com | |
|---|---|---|---|
| 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 | 59 | 30 | |
| 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 | FXCM | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXCM | FXGT.com | |
|---|---|---|---|
| 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 | FXCM Review |
| Overall | FXCM | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | FXCM Review |
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