Compare FXCC vs USGFX

Compare FXCC vs USGFX

FXCC vs USGFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT445+CySEC
$100MT4, MT560+ASIC

FXCC and USGFX Comparison

These brokers both provide trading with no dealing desk intervention. Each offers MT4. USGFX has different account types, with increasing minimum deposit, which can offer decreasing spreads (USGFX does not have an additional commission charge). FXCC also has different account types, including one which can provide low ECN Forex spreads, without a commission charge, meaning for this account it can offer lower Forex spreads. FXCC is regulated by the CySEC in Cyprus. USGFX is regulated by the ASIC in Australia.

ECN conditions

FXCC says it uses an ECN model, in that it aggregates prices from multiple liquidity sources. It calls its model ECN/STP, using STP to refer to the order matching process and indicating that it has no dealing desk intervention. USGFX says it has an STP/ECN model, in that it uses one liquidity provider and does not intervene in the order process. It provides an infrastructure for fast order processing. Both brokers allow scalping, EAs and news trading.

Quick comparison

Both brokers offer MT4 ECN trading. USGFX provides MT5 as well.

Minimum deposit and account types

The minimum deposit for FXCC is $100. The minimum deposit for USGFX is $100.

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

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.
  • USGFX offers Forex, Indices, Precious Metals, Energy and Cryptocurrencies, with 60+ available.

FXCC has 25+ Forex pairs. USGFX has 20+ Forex pairs.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.

Leverage and spreads

Maximum leverage for FXCC is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

  • 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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Commission charge

  • 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.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platform

Both brokers offer MT4, desktop and apps. USGFX offers MT5, desktop and apps.

Comparison summary

  • Both brokers offer trading with no dealing desk intervention
  • FXCC can provide low ECN spread with a commission charge
  • On the ECN XL account, FXCC can offer low ECN spreads, without a commission charge
  • USGFX does not charge commission for trading Forex
  • USGFX's Forex spreads can be lower with account types, requiring a higher minimum deposit
  • USGFX's lowest Forex spread is competitve with raw ECN spreads (plus a commission charge)
  • Both provide MT4
  • USGFX has a wider range of markets
  • FXCC is CySEC regulated, USGFX is ASIC regulated

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