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 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 received a rating of 4.5 stars over FXCM's 3.5 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 alongside FXCM are regulated in a major hub. FOREX.com alongside FXCM are publicly traded companies. How many currency pairs are available to trade? FXCM trails FOREX.com by 45 total currency pairs (for example, EUR/USD), with FOREX.com offering 84 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. FOREX.com alongside 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 boasts an offering of 31 charting tools compared to FOREX.com's 22 available charting tools. FXCM trails FOREX.com by 88 total different indicators (for example, moving averages), with FOREX.com offering 139 and FXCM offering 51.
Overall, both FOREX.com and FXCM share a rating of 4 stars. And, when it comes to individual category awards, FOREX.com was rated Best in Class - Research and Best in Class - Mobile Trading in 2018, while FXCM was rated none of these.