Written by ForexBrokers.com
In this head to head comparison of FXCM vs Spreadex, 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.
FXCM and Spreadex both entered the online brokerage scene in 1999, offering a range of trading services to customers. While neither operates as a bank, FXCM distinguishes itself as a publicly traded company, providing an added layer of transparency to investors. Spreadex, in contrast, remains privately held. When it comes to regulation, FXCM boasts a solid regulatory foundation with four Tier-1 licenses and two Tier-2 licenses, contributing to its impressive Trust Score of 95 from ForexBrokers.com. This score places FXCM in the highly trusted category, indicating a strong level of confidence from both regulators and users alike.
Spreadex, meanwhile, holds a single Tier-1 license and does not have any Tier-2 licenses, which translates into a ForexBrokers.com Trust Score of 71. This score suggests an average risk for potential investors. Both brokers started their operations in the same year, but their regulatory landscapes and trust ratings vary significantly, making FXCM a more attractive option for those prioritizing comprehensive regulatory oversight and trust.
| Feature |
FXCM
|
Spreadex
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
FXCM and Spreadex both earn 4 stars for commissions and fees. FXCM ranks #17 out of 63 brokers at ForexBrokers.com, while Spreadex ranks #25 out of 63. In practice, their EUR/USD pricing is close: Spreadex averaged 0.81 pips in January 2024 (with a 0.6-pip minimum achieved 60% of the time), whereas FXCM’s standard account averaged 0.78 pips in May 2024 for its EU, U.K., and Australia entities. Note that FXCM’s overall forex pricing is described as slightly higher than the industry average, and spreads at both brokers can widen during rollover or volatile conditions.
FXCM’s pricing varies by account type and entity. Standard account averages were 0.78 pips for EU/U.K./Australia and 1.38 pips for its St. Vincent and the Grenadines entity in May 2024. Its commission-based account posted a 0.28-pip core spread in May 2024, with an effective cost closer to 0.74 pips once commissions (about 0.50 pips per round turn) are included. FXCM also offers an Active Trader Rebate Program (not available in the U.K. or EU) with five tiers that rebate $5–$25 per million traded, depending on monthly volume. As a reference point, in the U.K., a $25,000 balance and at least $50 million in monthly volume can bring commissions to $2.50 per side ($5 round turn), yielding an effective EUR/USD spread around 0.78 pips based on a 0.28-pip core price.
Spreadex keeps it simple with an average EUR/USD spread of 0.81 pips in January 2024 and a 0.6-pip minimum available 60% of the time. If you prefer predictable, spread-only pricing, Spreadex is competitive. If you can access FXCM’s commission-based pricing or qualify for its volume discounts, FXCM can edge lower on effective costs—though results depend on your region, account type, and trading volume. Bottom line: both brokers are fairly priced for everyday traders (4 stars each), with FXCM (#17/63) offering more potential savings for high-volume traders and Spreadex (#25/63) delivering straightforward spread pricing.
| Feature |
FXCM
|
Spreadex
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $0 |
| Average spread (EUR/USD) - Standard account | 0.9 | 0.81 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXCM and Spreadex both let you trade forex (CFD/spot). When it comes to choice, Spreadex offers a much wider list of markets with about 10,000 symbols versus FXCM’s 440. Spreadex also edges out FXCM on currency selection (52 vs. 46 forex pairs). Neither broker lets you buy actual shares on U.S. or international exchanges (non‑CFD), and neither supports buying real cryptocurrency. Both do offer crypto CFDs.
Feature-wise, FXCM includes copy trading, while Spreadex does not. For Range of Investments, FXCM earns 3.5 out of 5 stars (ranked #21 of 63 at ForexBrokers.com), while Spreadex scores 5 out of 5 stars (ranked #13 of 63). In short, choose Spreadex if you want the widest set of markets, and consider FXCM if copy trading is important to you.
| Feature |
FXCM
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 10000 |
| Forex Pairs (Total) | 46 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FXCM and Spreadex both provide free demo accounts that let you practice with virtual funds. Each broker offers its own in-house platform and a web trading platform. FXCM also has a Windows desktop platform and supports MetaTrader 4 (MT4), while Spreadex does not offer a desktop download and does not support MT4. Neither broker supports MetaTrader 5 (MT5). Both allow trading directly from charts, but only FXCM includes copy trading.
For trading platforms and tools, FXCM earns 5 stars and ranks #4 out of 63 brokers at ForexBrokers.com, while Spreadex holds 4 stars and ranks #34. If you want a broader choice of platforms, MT4 access, and copy trading, FXCM is the better fit. If you prefer a simple, browser-based experience on a broker’s own platform, Spreadex can cover the essentials.
| Feature |
FXCM
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 115 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and Spreadex both offer iPhone and Android apps with price alerts and the ability to draw trendlines on charts. Where they differ is in convenience and charting depth: FXCM syncs your watchlists between mobile and web, while Spreadex does not. FXCM also auto-saves chart drawings; Spreadex does not. For technical analysis, FXCM lists 59 built-in studies in its mobile app, while Spreadex does not publish a count.
In overall quality, FXCM’s mobile app is rated 4.5 stars and ranks #16 out of 63 brokers on ForexBrokers.com. Spreadex earns 4 stars and ranks #33. If you want stronger chart tools and seamless watchlist syncing across devices, FXCM is the better fit. If you need a simpler app for basic trading and alerts, Spreadex gets the job done.
| Feature |
FXCM
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Looking at FXCM vs Spreadex for market research, both brokers provide daily market commentary, forex news from top‑tier sources such as Bloomberg, Reuters, or Dow Jones, a sentiment tool that shows the balance of long and short positions, and an economic calendar covering global events. The main differences come from third‑party tools: FXCM integrates Trading Central and adds TipRanks, while Spreadex does not offer those but includes Autochartist for chart pattern ideas. Neither broker features Acuity Trading or Signal Centre.
For overall research quality, FXCM is rated 4.5 out of 5 stars and ranks #11 out of 63 brokers on ForexBrokers.com. Spreadex is rated 4 out of 5 stars and ranks #27. Choose FXCM if you want Trading Central insights and TipRanks alongside top‑tier news and sentiment data; pick Spreadex if Autochartist is a must‑have while still getting daily commentary, leading news sources, and a clear economic calendar.
| Feature |
FXCM
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FXCM vs Spreadex for education: both brokers provide forex and CFD education with at least 10 learning pieces, and each has a full set of beginner videos to help new traders get started. That means you can find clear, entry-level content at either provider, including videos that explain core trading concepts in simple terms.
FXCM stands out for hosting monthly client webinars and offering a deep library that includes advanced videos for when you’re ready to move beyond the basics. Spreadex does not run regular educational webinars and lacks a large advanced video catalog, but it still covers beginner needs well. Reflecting these differences, FXCM earns 4.5/5 stars for Education and ranks #13 out of 63 brokers on ForexBrokers.com, while Spreadex scores 4/5 stars and ranks #33. If you want ongoing live sessions and room to grow, FXCM is the stronger pick; if you only need starter materials, Spreadex can do the job.
| Feature |
FXCM
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 Spreadex. FXCM finished with an overall rank of #10, while Spreadex finished with an overall rank of #32.
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
|
Spreadex
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 71 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
FXCM vs Spreadex: these online brokers do not allow buying actual (delivered) cryptocurrencies, but both provide cryptocurrency CFD trading.
FXCM vs Spreadex: FXCM supports ACH/SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals, whereas Spreadex supports bank wires but not ACH/SEPA, PayPal, or Skrill; Visa/Mastercard availability is not specified for either broker.
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 | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | FXCM Review | Spreadex Review |
| Broker Screenshots | FXCM | Spreadex | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | FXCM | Spreadex | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FXCM | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXCM | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 10000 | |
| Forex Pairs (Total) | 46 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FXCM | Spreadex | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FXCM | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | FXCM | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 59 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FXCM | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FXCM | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FXCM Review | Spreadex Review |
| Overall | FXCM | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | FXCM Review | Spreadex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill