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 the online brokers FXCM and FXGT.com on commissions and fees, FXCM stands out as a slightly pricier option for forex trading, with its costs marginally above the industry standard. Average spreads on the EUR/USD for FXCM's EU, U.K., and Australia offerings came in at 0.78, while clients trading through its St. Vincent and the Grenadines entity faced an average spread of 1.38. However, FXCM's commission-based accounts demonstrated lower spreads at 0.28 pips, excluding commissions. Traders participating in the Active Trader Rebate Program, available outside the U.K. and EU, can benefit from discounted spreads, contingent on trading volume. The effective spread can drop as low as 0.74 pips when factoring in commissions.
FXCM offers an Active Trader Rebate Program, rewarding high-volume traders with tier-based rebates, ranging from $5 to $25 per million traded. The exact requirements and discounts vary based on account location, with notable reductions available for U.K. accounts meeting specific balance and trade volume criteria. Despite these incentives, FXCM's rebate program is considered less competitive compared to others in the industry. Its commission-based pricing is cost-effective with a core spread of 0.28 pips, but commissions raise the effective spread closer to 0.74 pips.
In contrast, FXGT.com lacks available average spread data, making detailed comparison more challenging. However, in terms of ratings, FXCM receives 4 out of 5 stars for its commissions and fees, ranking 24th among 63 brokers according to ForexBrokers.com. FXGT.com, on the other hand, receives a slightly lower 3.5-star rating and is ranked 56th. This information positions FXCM as a more favored option based on industry ratings, especially for traders seeking detailed fee structures.
| 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.
Both FXCM and FXGT.com cater to traders with a focus on forex trading, offering options for trading forex as CFDs or spot contracts. FXCM impresses with a broader selection of tradeable symbols, providing access to 440 options compared to FXGT.com's 117 symbols. However, FXGT.com takes the lead in forex pairs, offering 53 compared to FXCM's 43. When it comes to exchange-traded securities, neither platform provides direct access to U.S. or international exchanges, leaving investors looking elsewhere for opportunities to trade individual stocks like Apple or Vodafone.
For those interested in cryptocurrency, both platforms offer crypto derivatives but not the actual cryptocurrencies themselves. Copy trading is available on both, allowing users to replicate successful trades. In terms of investment variety, FXCM slightly edges out FXGT.com with a 3.5-star rating versus FXGT.com's 3 stars. According to ForexBrokers.com, FXCM is ranked 47th while FXGT.com is positioned at 61st out of 63 brokers for investment range, making FXCM the more attractive option for traders seeking broader market possibilities.
| Feature |
FXCM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 117 |
| Forex Pairs (Total) | 43 | 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 comparing FXCM and FXGT.com in terms of market research, FXCM stands out for its daily market commentary and access to forex news from leading sources like Bloomberg and Reuters, making it a go-to option for informed trading. Though both brokers offer sentiment-based trading tools and economic calendars, FXCM takes the lead with Trading Central tools and market research from TipRanks, which you won't find at FXGT.com.
In ratings, FXCM earns a commendable 4.5 stars for research, while FXGT.com trails behind with a 3-star rating. FXCM is ranked 11th out of 63 brokers for research capabilities according to ForexBrokers.com, highlighting its strength in this area. FXGT.com, on the other hand, is positioned as the 56th, indicating ample room for improvement. Whether you are seeking comprehensive market insights or robust tools to guide your trading decisions, FXCM evidently offers a superior experience compared to FXGT.com.
| 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 | No |
| 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 |
|
|
| Trust Score | 95 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FXCM | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | FXCM Review |
| Broker Screenshots | FXCM | FXGT.com | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXCM | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXCM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 117 | |
| Forex Pairs (Total) | 43 | 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 | No | |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | FXCM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill