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 FOREX.com (GAIN Capital) 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. FOREX.com (GAIN Capital)'s score is 4.50 stars versus FXCM's 4.00 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. FOREX.com (GAIN Capital) and FXCM both are regulated in a major hub. FOREX.com (GAIN Capital) and FXCM are publicly traded companies. How many currency pairs are available to trade? FOREX.com (GAIN Capital) offers its clients access to 84 different currency pairs while FXCM has 39 available pairs, a difference of 45.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both FOREX.com (GAIN Capital) and FXCM 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. FXCM offers its clients access to 31 charting tools while FOREX.com (GAIN Capital) has 22 charting tools, a difference of 9. FOREX.com (GAIN Capital) offers its clients access to 139 different indicators (for example, volume) while FXCM has 51 available indicators, a difference of 88.
Overall, both FOREX.com (GAIN Capital) and FXCM are rated 4.50 stars. And, when it comes to individual category awards, FXCM finished with awards Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while FOREX.com (GAIN Capital) came up with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education.