After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Forex.com (GAIN Capital) vs FXOpen.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Forex.com (GAIN Capital) is a better option with a 4.50 star rating over FXOpen's 4.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Forex.com (GAIN Capital) and FXOpen both are regulated in a major hub. Forex.com (GAIN Capital) is a publicly traded company, while FXOpen is not. As far as how many currency pairs are available for trading, here's the answer. Forex.com (GAIN Capital) boasts an offering of 84 different currency pairs compared to FXOpen's 63 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both Forex.com (GAIN Capital) and FXOpen offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both Forex.com (GAIN Capital) and FXOpen provide clients with access to 31 total charting tools. Both Forex.com (GAIN Capital) and FXOpen provide clients with access to 51 total indicators (eg, moving averages).
Overall, Forex.com (GAIN Capital) takes the upper hand with 4.50 stars over FXOpen's 3.50 stars. And, when it comes to individual category awards, Forex.com (GAIN Capital) was rated Best in Class - Research and Best in Class - Investor Education in 2018, while FXOpen was rated none of these.