FXOpen vs. FXCM

FXOpen
55%
Deposit 100 EUR/USD
Spreads 1 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established 2005
Currency Pairs (Total Forex pairs) 95
Country: UK, Australia
Regulation:
FCA (UK)
ASIC (Australia)
Trading app:
MetaTrader 4 (MT4)
Desktop Platform (Windows)
MetaTrader 5 (MT5)
Number of CFD asset classes: 5
Broker type: MM
Support:
Phone
Mail
Chat
Funding methods:
Visa/Mastercard
Bank Wire
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:
FXCM
52%
Deposit 50 EUR/USD
Spreads 1 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established 1999
Currency Pairs (Total Forex pairs) 20
Country: Germany
Regulation:
FCA (UK)
Authorised in the European Union (EU)
ASIC (Australia)
Cysec
Trading app:
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
Number of CFD asset classes: 7
Broker type: MM
Support:
Phone
Mail
Funding methods:
Skrill
GiroPay
Qiwi
FasaPay
UnionPay
BitPay
Klarna
PaySafeCard
PayPal
Advcash
Cryptocurrencies
Poli
WebMoney
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:

Winner of the comparison

36%
FXOpen
52%
FXCM
Winner
If you don’t want to read the full comparison, the winner of our review is FXCM, which takes the lead with a rating of 52%, while FXOpen only reaches 36%. FXOpen requires a minimum deposit of 100 EUR/USD, while FXCM sets it at 50 EUR/USD. Conversely, FXCM scores with a lower minimum deposit. For FXOpen, the spread is 1 EUR/USD, while for FXCM it is 1 EUR/USD. In this area, both brokers are on par. FXOpen offers 95 forex pairs, while FXCM provides 20. A wider selection gives FXOpen the advantage. FXOpen was founded in 2005, while FXCM has been operating since 1999. The older FXCM has the upper hand in this regard. This advantage goes to FXCM, while FXOpen lacks it. FXOpen is overseen by 2 regulatory bodies, while FXCM has 4. Stricter oversight at FXCM gives it an advantage. FXOpen supports 3 platforms, while FXCM offers 3. In terms of platform count, both are on the same level.

Comprehensive Comparison: FXOpen vs FXCM

A detailed look at two popular brokers from our portfolio

Comparison Result
Winner of this comparison: FXCM with an overall rating of 52%
FXOpen
Min. Deposit
100
EUR/USD Spread
1
Currency Pairs
95
Year Established
2005
FXCM
Min. Deposit
50
EUR/USD Spread
1
Currency Pairs
20
Year Established
1999

Key Strengths

FXOpen
    • Micro accounts from just 1 USD allow starting with minimal capital
    • Support for MetaTrader 4 and 5 - the standard among traders
    • Free demo accounts for practicing strategies
FXCM
    • The broker is regulated in four Tier-1 jurisdictions and two Tier-2 jurisdictions.
    • FXCM has received awards for the best tools and platforms, professional trading, algorithmic trading, and copy trading.
    • FXCM publishes monthly execution reports, including statistics on slippage and order execution quality.

Comparison by Categories

Trading Tools
FXOpen
100%
FXCM
60%
Trading Platforms
FXOpen
43%
FXCM
43%
Trading Costs
FXOpen
80%
FXCM
20%
Educational Materials
FXOpen
33%
FXCM
67%
Customer Support
FXOpen
100%
FXCM
67%
Overall Rating
FXOpen
36%
FXCM
52%

Our Recommendations

Best for Beginners
Thanks to comprehensive educational materials and a user-friendly platform, FXCM is an ideal choice for new traders.
Best Platform
Both brokers offer excellent trading platforms with similar features and user-friendliness.
Lowest Costs
FXOpen offers competitive spreads and lower fees, making it ideal for active traders.
Investments
# FXOpen FXCM
Currency Pairs (Total Forex pairs) 95 20
CFDs – Total Offered 110+ 200+
Options CFD
Share CFDs
Forex CFD
Commodities CFD
ETF CFD
Indicies CFD
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Investments rating 62% 88%
Winner
Cost
# FXOpen FXCM
Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. 1 1
Deposit from 100 50
Account fee
Inactivity fee
Active Trader or VIP Discounts
Withdrawal fees
Deposit fees
Cost rating 80% 20%
Winner
Trading app
# FXOpen FXCM
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Currenex
cTrader
Trading Platforms rating 43% 43%
Winner
Trading Tools
# FXOpen FXCM
Financial leverage
Virtual Trading (Demo)
Alerts – Basic Fields
Charting – Indicators / Studies (Total)
Charting – Drawing Tools (Total)
Charting – Trade From Chart
Stop-Loss
Finacial Calendar
Daily financial news
Order Type – Trailing Stop
Trading Tools rating 100% 60%
Winner
Research
# FXOpen FXCM
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
Social Sentiment – Currency Pairs
Economic Calendar
Research
Research rating 33% 50%
Winner
Education
# FXOpen FXCM
Has Education – Forex
Has Education – CFDs
Client Webinars
Videos – Advanced Trading Videos
Investor Dictionary (Glossary)
Education
Education rating 33% 67%
Winner
Forex
# FXOpen FXCM
GBP/USD
USD/JPY
EUR/USD
USD/CHF
USD/CAD
NZD/USD
AUD/USD
Major Forex Pairs rating 100% 100%
Winner
Commodities
# FXOpen FXCM
Gold
Silver
WIT Oil
Brent Oil
Coffee
Cocoa
Soybeans
Rice
Corn
Platinum
Palladium
Commodities rating 0% 36%
Winner
Indicies
# FXOpen FXCM
DAX 40
S&P 500
Nasdaq
Dow Jones
Nikkei
Indices rating 60% 80%
Winner
Cryptocurrencies
# FXOpen FXCM
Bitcoin
Litecoin
Ethereum
Ripple
Neo
Stellar
Cardano
Tron
Monero
EOS
Cryptocurrencies rating 20% 40%
Winner
Regulations
# FXOpen FXCM
Cysec
ASIC (Australia)
FCA (UK)
Authorised in the European Union (EU)
CFTC Registered (USA)
FINMA (Switzerland)
Regulations rating 33% 67%
Winner
Support
# FXOpen FXCM
Chat
Phone
Mail
Support rating 100% 67%
Winner
Overall
# FXOpen FXCM
Go to the full broker review FXOpen FXCM
Win / Loss % 36% 52%
Winner