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 FXCM vs KVB Kunlun .
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. FXCM received a rating of 4.00 stars over KVB Kunlun 's 3.00 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. FXCM alongside KVB Kunlun are regulated in a major hub. FXCM and KVB Kunlun are publicly traded companies. How many currency pairs are available to trade? KVB Kunlun trails FXCM by 9 total currency pairs (for example, EUR/USD), with FXCM offering 39 and KVB Kunlun offering 30.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FXCM alongside KVB Kunlun 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. Both FXCM and KVB Kunlun provide clients with access to 31 total charting tools. Both FXCM and KVB Kunlun provide clients with access to 51 total indicators (eg, moving averages).
Overall, FXCM boasts 4.50 stars versus KVB Kunlun 's 2.50 stars. And, when it comes to individual category awards, FXCM posted awards Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while KVB Kunlun found itself with none of these.