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 XTB.
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. Both FXCM and XTB hold a 4.00 star rating.
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 and XTB both are regulated in a major hub. FXCM alongside XTB are publicly traded companies. How many currency pairs are available to trade? XTB boasts an offering of 49 different currency pairs compared to FXCM's 39 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both FXCM and XTB 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 XTB provide clients with access to 31 total charting tools. Both FXCM and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, FXCM takes the upper hand with 4.50 stars over XTB's 4.00 stars. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while FXCM was rated Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Investor Education.