Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
---|---|---|---|---|
FXCC | $100 Minimum Deposit | MT4 Trading Platform | 90+ Markets To Trade | FXCC offers trading on MT4, allowing automated trading with robots About |
FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen provides trading (including automated trading) on MT4, MT5 and TickTrader and has a Cent account with a $1 minimum deposit About |
FXCC and FXOpen Comparison
Both of these brokers offer ECN trading, with low spreads plus a commission charge. FXCC provides its ECN XL account which can offer no commission charge or mark-up.
FXOpen provides an STP account with a mark-up, and no commission charge. Both offer MT4. FXOpen additionally provides MT5 and TickTrader.
ECN conditions
Both FXCC and FXOpen use an ECN model. Both are no dealing desk. Neither restricts trading styles, thus news trading, scalping and automated trading is allowed.
Quick comparison
Both offer ECN trading on MT4. FXOpen also provides MT5 and TickTrader and has a minimum deposit of $1.
Minimum deposit and account types
The minimum deposit for FXCC is $100. The minimum deposit for FXOpen is $1.
- FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000. In some regions, there is only the ECN XL account, and it has no minimum deposit.
- All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). In some regions, 90+ markets are available on the ECN XL account. All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
Markets
- FXCC provides Forex, Metals, Indices, Energy and Cryptocurrencies, with 90+ available.
- FXOpen offers Forex, Metals, Indices, Energy, Cryptocurrencies and Stocks, with 600+ available.
FXCC provides 25+ Forex pairs, FXOpen offers 45+ Forex pairs.
Broker | Trading Platforms | Description |
---|---|---|
FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen offers a Cent account with a $1 minimum deposit and provides automated trading on MT4, MT5 and TickTrader Description |
FXCC Broker | MT4 Trading Platform | FXCC offers trading on MT4, with its ECN XL account which has low spreads without a commission charge Description |
Cryptocurrency CFDs
- FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dashcoin, IOTA, Ethereum Classic, EOS, Emercoin, Monero and NEO.
Spreads and leverage
Both brokers can offer low Forex spreads plus a commission charge.
Maximum leverage for FXCC is . Maximum leverage for FXOpen (FCA regulated) is .
Commissions
- FXCC's ECN XL account does not charge commissions.
- FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
- FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
- For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
Online trading platforms
Both brokers offer MT4. FXOpen additionally provides MT5 and TickTrader.
Why FXCC or FXOpen ?
Traders who want to trade on MT4 may do so at either. Traders who want to trade on MT5 (the successor to MT4) can do so at FXOpen. Traders who want to trade on user friendly TickTrader can find this platform at FXOpen. Traders who want to trade on a Cent account with a $1 minimum deposit may do so at FXOpen.
Comparison summary
- Both provide ECN trading
- Each offers low spreads plus a commission charge
- Both provide MT4
- FXOpen additionally provides MT5 and TickTrader
- FXCC can provide ECN trading with no commission charge or mark-up on its ECN XL account
- FXOpen offers a Cent account with a $1 minimum deposit