Compare FXCC vs FXOpen

Compare FXCC vs FXOpen

FXCC versus FXOpen Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT425+CySEC
$100MT465+FCA, ASIC, FSRC

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 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 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 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 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.
  • 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). All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
  • 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 provides 25+ covering Forex and Metals on the ECN Standard and the ECN XL account. On the ECN Advanced account, it has 200+ markets.
  • FXOpen offers Forex, Metals, Indices, Energy and Cryptocurrencies, with 65+ available.

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

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

Why FXCC or FXOpen ?

These are both MetaTrader 4 (MT4) brokers thus traders who want to trade on this platform can do so at either broker. Traders who want to trade with an ECN broker may do so at either broker. FXCC offers its ECN XL account which has spreads without a mark-up or commission charge however FXOpen has a wider range of markets to trade compared with this account.

Comparison summary

  • Both provide ECN trading
  • Each offers low spreads plus a commission charge
  • Both provide MT4
  • FXCC can provide ECN trading with no commission charge or mark-up on its ECN XL account
  • FXOpen has a wider range of markets, including Cryptocurrency CFDs

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