FOREX.com vs FXCC Comparison

FOREX.com vs FXCC Comparison

FOREX.com vs FXCC
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$100MT425+CySEC

FOREX.com and FXCC Comparison

In terms of similarities, FOREX.com and FXCC both offer MT4 and CFD trading. The trader can use MT4 to trade EAs, and can use a VPS to trade when disconnected from the broker (i.e. they both support automated trading).

In terms of differences, FOREX.com provides more platforms and markets while FXCC is an STP/ECN broker. With its Advanced Platform and web trader, FOREX.com can be seen as providing additional support for discretionary trading. FOREX.com does not charge Forex commissions, FXCC does, but on one of its accounts it can offer low ECN caliber spreads, without a commission charge.

FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan. FXCC is regulated by the CySEC in Cyprus.

Quick comparison

FOREX.com offers MT4 and web traders; FXCC is an ECN MT4 broker.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for FXCC is $100.

  • FOREX.com offers Forex and CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.
  • 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.

Markets

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Energy, Soft Commodities and Metals, with 110+ available.
  • On MT4, FXCC offers 45+ covering Forex, Indices and Precious Metals on the ECN Advanced account.
  • On MT4, FXCC provides 25+ covering Forex and Precious Metals on the ECN Standard and the ECN XL account.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • 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.

The maximum leverage for FOREX.com (FCA regulated) is . Maximum leverage for FXCC 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.
  • FOREX.com does not charge commissions, except for Shares CFDs.

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. FXCC offers MT4.

Comparison summary

  • Both offer Forex and CFD trading
  • FOREX.com can provide more markets
  • Both offer MT4 and support automated trading
  • Each supports discretionary trading (as MT4 can be used this way)
  • However FOREX.com has additional support for discretionary trading, with a range of platforms
  • FXCC is an STP/ECN broker
  • Both are regulated

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