Written by ForexBrokers.com
In this head to head comparison of FXCM vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing FXCM and FXGT.com, both online brokers bring different qualities to the table. Founded in 1999, FXCM stands out as a more established entity and is even publicly traded. It boasts a high Trust Score rating of 95 out of 99 from ForexBrokers.com, making it a highly trusted choice. This confidence is backed by 4 Tier-1 licenses and 2 Tier-2 licenses, indicating strong regulatory compliance and oversight. While it is not a bank, FXCM offers traders a reliable platform for forex trading.
On the other hand, FXGT.com, founded in 2019, is a newer player in the industry. Though not publicly traded, it holds 1 Tier-1 and 1 Tier-2 license, which provides a basic level of assurance. However, its Trust Score rating of 69 places it in the high-risk category as per ForexBrokers.com’s ratings. For those considering FXGT.com, it is important to weigh these factors against your own risk tolerance and trading goals. Both brokers serve non-banking roles in the financial markets, offering various options for forex and CFD trading.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing FXCM and FXGT.com, it's important to consider their commissions and fees, as these can significantly affect a trader's bottom line. FXCM offers slightly higher forex trading pricing compared to the industry average. For standard accounts, FXCM's May 2024 average spreads on the EUR/USD were 0.78 pips in regions like the EU, U.K., and Australia. Their St. Vincent and the Grenadines entity offered average spreads of 1.38 pips, notably higher than the industry norm. On the other hand, FXCM’s commission-based accounts boasted lower average spreads of 0.28 pips, excluding additional commissions, underscoring the potential cost benefits for high-volume traders.
The FXCM Active Trader Rebate Program is designed to reward high-volume traders, offering rebates from $5 to $25 per million traded across five tiers. Although this program offers a chance for cost savings, competitors like Tickmill and FP Markets provide more compelling pricing for active traders. A higher trading volume with FXCM can lower your effective costs, exemplified by commission-based pricing that, with the added commission, equates to an effective spread of approximately 0.74 pips.
In contrast, while FXGT.com lacks available average spread data, it offers a relatively straightforward fee structure. FXCM enjoys a higher rating, receiving 4 out of 5 stars for commissions and fees, compared to FXGT.com's 3.5 stars. Furthermore, FXCM ranks 25th out of 63 brokers in ForexBrokers.com's Commissions and Fees category, ahead of FXGT.com, which ranks at 56th. This comparative standing suggests FXCM might be more cost-effective, especially for frequent traders taking advantage of tiered discounts.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $5 |
| Average Spread EUR/USD - Standard | 0.78 | N/A |
| All-in Cost EUR/USD - Active | 0.78 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FXCM and FXGT.com for their variety of investment options, both platforms provide opportunities for forex trading via CFDs or spot contracts. FXCM stands out with a wider selection, offering 440 tradeable symbols, which significantly exceeds the 117 available through FXGT.com. Despite having fewer overall symbols, FXGT.com provides access to 53 forex pairs, narrowly surpassing FXCM’s offering of 46 forex pairs. Both brokers, however, do not allow clients to buy exchange-traded securities on either U.S. or international exchanges, nor do they offer access to physical cryptocurrencies. Instead, they both provide cryptocurrency derivatives. Additionally, both platforms support copy trading, a feature that allows investors to mimic the trades of other successful traders.
Looking at the ratings, FXCM scores slightly higher with a 3.5-star rating for its range of investments, compared to FXGT.com's 3-star rating. In terms of rankings, FXCM is positioned at 47 out of 63 brokers as per ForexBrokers.com for their range of investments, whereas FXGT.com falls further down the list at number 61. This suggests that although both platforms offer similar investment features, FXCM provides a more extensive selection, which may be preferable for traders looking for a broader range of financial instruments.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 117 |
| Forex Pairs (Total) | 46 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing FXCM and FXGT.com, both brokers offer strong trading platforms catered to different needs. FXCM provides a proprietary platform, allowing for a unique, in-house user experience, while FXGT.com does not offer this feature. Both brokers support MetaTrader 4, but only FXGT.com extends its offering to include MetaTrader 5. FXCM accommodates copy traders with both copy trading and ZuluTrade options, contrasting with FXGT.com's offering of copy trading only. For those who prefer desktop or web-based platforms, both FXCM and FXGT.com meet these needs, ensuring flexibility in how traders access their accounts. Both platforms also allow for trading directly from stock charts, a useful feature for dynamic traders. On the charting tools front, FXGT.com edges ahead with 23 drawing tools compared to FXCM's 10, although both offer customizable features to enhance trading insights. Despite this, FXCM excels in providing extensive watch list customization with 13 available fields, outperforming FXGT.com's 5. FXCM’s commitment to comprehensive platform tools is reflected in its higher rating of 5 stars, compared to FXGT.com's 4 stars, and its impressive ranking of 6th out of 63 brokers according to ForexBrokers.com. In contrast, FXGT.com is positioned 56th, highlighting FXCM's superior standing in trading platform offerings. Both brokers offer simulated (paper) trading accounts, allowing users to practice and hone their skills risk-free.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 37 |
| Charting - Drawing Tools (Total) | 10 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FXCM and FXGT.com provide traders with convenient mobile apps available for iPhone and Android users. Each app supports essential trading features like stock and forex price alerts, trendline drawing, and the ability to view different time frames on charts. The mobile apps are also equipped to save chart drawings automatically, ensuring a seamless trading experience. Users can create synced watchlists with real-time quotes across both platforms. However, FXCM stands out with its 59 technical studies for charting, compared to 30 offered by FXGT.com.
In terms of user feedback and industry ranking, FXCM's mobile trading app receives a higher satisfaction rating of 4.5 stars, while FXGT.com trails with 3.5 stars. When ranked among 63 online brokers for mobile app performance, FXCM secures the 16th position, significantly ahead of FXGT.com, which is ranked 58th. These rankings suggest that traders might find more value and a better overall experience with FXCM's mobile offerings.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, FXCM and FXGT.com offer distinct advantages. FXCM delivers daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. In contrast, FXGT.com does not provide daily market commentary or access to such reputable news outlets. Both brokers fall short in offering tools from Autochartist, but FXCM stands out with advanced technical analysis tools from Trading Central, which FXGT.com lacks. A sentiment-based trading tool is available from both brokers, showing the ratio of long or short positions across currency pairs.
In addition, FXCM offers market research from TipRanks, a feature unavailable with FXGT.com. Economic calendars are accessible from both brokers, keeping traders informed of current and upcoming global news events. According to ForexBrokers.com, FXCM excels with a 4.5-star rating and ranks 11th out of 63 brokers for research. On the other hand, FXGT.com receives a 3-star rating and ranks 56th, reflecting fewer research features and resources compared to FXCM.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For those new to trading, FXCM stands out as a strong contender in providing educational resources for forex and CFDs. It offers more than ten educational pieces, including articles, videos, and archived webinars, delivering a comprehensive learning experience. FXCM also hosts regular monthly webinars for clients, which are archived for later viewing. For beginners, FXCM has more than ten introductory videos, making it easy to start learning. They continue to support experienced traders with advanced educational content. An investor dictionary featuring over 50 investing terms is part of their offering, helping traders become familiar with important concepts. FXCM’s dedication to education is reflected in its 4.5-star rating and 14th place ranking out of 63 brokers by ForexBrokers.com.
On the other hand, FXGT.com is more limited in terms of educational materials. While it does provide a robust investor dictionary, the broker lacks the depth of resources available at FXCM, with fewer than ten educational pieces focused on forex and CFDs. This absence extends to no regular client webinars or archives of recorded sessions. FXGT.com also falls short in video content aimed at either beginners or advanced traders. This level of education has earned FXGT.com a 3-star rating and a 60th place ranking in ForexBrokers.com's Education category. Although FXGT.com provides some basic information, traders looking for in-depth and varied learning opportunities may find FXCM better equipped to meet their needs.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than FXGT.com. FXCM finished with an overall rank of #15, while FXGT.com finished with an overall rank of #59.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 69 |
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Neither FXCM nor FXGT.com provides the option to purchase actual (delivered) cryptocurrencies, but both offer the ability to trade cryptocurrency derivatives.
Both FXCM and FXGT.com offer ACH or SEPA transfers, Visa or Mastercard, and bank wires as options for depositing or withdrawing account funds, but only FXCM supports PayPal and Skrill, whereas FXGT.com does not support these methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FXCM | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | FXCM Review |
| Broker Screenshots | FXCM | FXGT.com | |
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| Regulation | FXCM | FXGT.com | |
|---|---|---|---|
| Trust Score | 95 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXCM | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | ||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | FXCM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 117 | |
| Forex Pairs (Total) | 46 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FXCM | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | N/A | |
| All-in Cost EUR/USD - Active | 0.78 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FXCM | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 5 | |
| Charting - Indicators / Studies (Total) | 115 | 37 | |
| Charting - Drawing Tools (Total) | 10 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXCM | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXCM | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FXCM Review |
| Overall | FXCM | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | FXCM Review |
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