Compare FXOpen vs USGFX

Compare FXOpen vs USGFX

FXOpen vs USGFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$100MT4, MT560+ASIC

FXOpen and USGFX Comparison

Both of these brokers offer fast order execution, supporting a range of trading, in no dealing desk conditions. Each has MT4, FXOpen additionally provides MT5.

FXOpen can offer a relatively wide range of Cryptocurrency CFDs. Both are regulated by the ASIC in Australia. FXOpen is additionally regulated by the FCA in the United Kingdom and the FSRC in Nevis.

ECN conditions

FXOpen and USGFX provide no dealing desk intervention trading, allowing scalping, automated trading and news trading. FXOpen is an ECN broker, while USGFX is an STP/ECN broker. Both use Equinix data centres for high speed order transmission.

Quick comparison

Both offer MT4 ECN trading. USGFX also provides MT5.

Minimum deposit and account types

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

  • 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.
  • 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

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides 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+.
  • USGFX offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.

FXOpen has 45+ Forex pairs. USGFX has 20+ Forex pairs.

Cryptocurrency CFDs

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

Leverage and spreads

Maximum leverage for FXOpen (FCA regulated) is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

  • 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.
  • 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

  • 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.
  • 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 additionally provides MT5 desktop and apps.

Comparison summary

  • Both brokers offer high speed order transmission
  • Each uses Equinix infrastructure
  • Both provide MT4
  • USGFX also provides MT5
  • FXOpen has a wider range of Cryptocurrency CFDs
  • Both are ASIC regulated

Search this site

Translate