Compare FXCC vs FXOpen

Compare FXCC vs FXOpen

FXCC versus FXOpen
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT445+CySEC
$100MT465+FCA, ASIC, FSRC

FXCC and FXOpen Comparison

Both of these brokers offer ECN trading, with low spreads plus a commission charge. FXCC offers ECN prices with no commission charge for deposits less than or equal to $10,000.

FXOpen provides an STP account with higher prices, and no commission charge. Both offer MT4. FXOpen can provide a wider range of markets. FXCC is regulated by the CySEC in Cyprus while FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis.

ECN conditions

Both FXCC and FXOpen aggregate prices from liquidity providers and route orders from clients to these providers. Both are thus 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 has a range of Cryptocurrency CFDs.

Minimum deposit and account types

The minimum deposit for FXCC is $100. The minimum deposit for FXOpen is €/$300 or £200.

  • FXCC offers three account types, the ECN Standard account which has a minimum deposit of $100, the ECN XL account which has a minimum deposit of $500 and the ECN Advanced account which has a minimum deposit of $100,000.
  • All FXCC account types provide ECN/STP order execution, micro lots (0.01 lots), free technical analysis, allow scalping and EAs and provide a personal account manager. All trading styles are allowed at FXCC, hedging is supported and a news feed and analysis is available on the website. The ECN Advanced account allows Indices trading and has lower commission charges.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • FXCC offers 50 covering Forex, Indices and Precious Metals on the ECN Advanced account.
  • FXCC provides 30 covering Forex and Precious Metals on the ECN Standard and the ECN XL account.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen offers Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.

FXCC provides 25+ Forex pairs, FXOpen offers 45+ Forex pairs.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, NEO, OMNI, Monero, IOTA, Ripple, EOS, Ethereum Classic, Bitcoin Cash, DASH, Namecoin, Peercoin and Emercoin.

Spreads and leverage

  • Spreads at FXCC are variable and are from 0.1 for EUR/USD (with a typical range under normal market conditions of 0.2-0.6) and around 0.25 for Gold.
  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.

Maximum leverage for FXCC is . Maximum leverage for FXOpen (FCA regulated) is .

Commissions

  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.50 per lot per side for Metals.
  • For deposits of less than or equal to $10,000, FXCC's ECN XL account does not charge commissions and for deposits greater than $10,000 the ECN XL account charges commissions of 0.3 pips per lot per side.
  • 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.

Platforms

FXCC provides MT4 desktop and MT4 apps. FXOpen offers MT4 desktop, MT4 apps and an MT4 web trader.

Comparison summary

  • Both provide ECN trading
  • Each offers low spreads plus a commission charge
  • For deposits less than or equal to $10,000, FXCC provides ECN trading with no commission charge
  • FXOpen has a wider range of markets, including Cryptocurrency CFDs
  • Both provide MT4

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