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 FXCM vs KVB Kunlun .
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. FXCM received a rating of 4.00 stars over KVB Kunlun 's 3.00 stars.
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. Both FXCM and KVB Kunlun are regulated in a major hub. Both FXCM and KVB Kunlun are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. FXCM offers its clients access to 39 different currency pairs while KVB Kunlun has 30 available pairs, a difference of 9.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FXCM alongside KVB Kunlun 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 FXCM and KVB Kunlun provide clients with access to 31 total charting tools. FXCM and KVB Kunlun offer the same number of indicators (eg, volume), 51.
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.