Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs FXCM.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both Admiral Markets and FXCM are rated 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Admiral Markets and FXCM both are regulated in a major hub. FXCM is a publicly traded company while Admiral Markets is not. How many currency pairs are available to trade? FXCM trails Admiral Markets by 16 total currency pairs (for example, EUR/USD), with Admiral Markets offering 55 and FXCM offering 39.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Admiral Markets and FXCM both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both Admiral Markets and FXCM provide clients with access to 31 total charting tools. Admiral Markets and FXCM offer the same number of indicators (eg, volume), 51.
Overall, both Admiral Markets and FXCM are rated 4.00 stars. And, when it comes to individual category awards, Admiral Markets finished with awards Best in Class - Investor Education in 2018, while FXCM came up with none of these.