| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Advanced Trading Platform, Web Trader Trading Platforms | 300+ Markets To Trade | FOREX.com provides trading on MetaTrader and a user friendly Web Trader, allowing a wide range of trading styles, including automated trading About |
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen offers trading (including automated trading) on MT4, MT5 and TickTrader and has a Cent account with a $1 minimum deposit About |
FOREX.com and FXOpen Comparison
Both of these brokers offer MT4. FXOpen additionally provides MT5. Each broker can offer low latency order execution on MetaTrader. Both brokers support automated trading and trading where the trader executes their own trades, though FOREX.com has arguably additional support for traders who execute their own trades by providing its Advanced Trading Platform (which has programmable charting signals) and its user friendly Web Trader. FXOpen also offers a user friendly platform called TickTrader.
Quick comparison
Both offer MT4. FXOpen additionally provides MT5. Both offer user friendly web traders. FOREX.com additionally offers its Advanced Trading Platform.
Minimum deposit and account types
The minimum deposit for FOREX.com is $/€/£100. The minimum deposit for FXOpen is $1.
- FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
Markets
- FOREX.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 300+ available.
- FXOpen offers Forex, Indices, Energy and Metals and Cryptocurrencies, with 600+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen offers trading (including automated trading) on MT4, MT5 and TickTrader and provides a Cent account with a $1 minimum deposit Description |
| FOREX.com Broker | MT4, Web Trader, Advanced Trading Platform Trading Platforms | FOREX.com offers trading on MT4 (and in some regions also MT5) and a user friendly Web Trader and allows automated trading with robots Description |
Cryptocurrency CFDs
- FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
- FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dashcoin, IOTA, Ethereum Classic, EOS, Emercoin, Monero and NEO CFDs.
Spreads
FOREX.com can offer Forex spreads from 0.8 without a commission charge. FXOpen can provide Forex spreads from 0 plus a commission charge.
Commission charge
- FOREX.com does not charge commissions for trading Forex (only for Shares CFDs).
- 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
FOREX.com offers the Advanced Trading Platform, a Web Trader and MT4. FXOpen offers MT4, MT5 and TickTrader.
Why FOREX.com or FXOpen ?
Those who want to trade on MetaTrader 4 may do so at either broker. Those who want to trade on a user friendly platform may do so at either broker. Traders may also use FOREX.com's Advanced Trading Platform, which lets the trader build and use charting signals. Traders who want to trade on MetaTrader 5 can find this platform at FXOpen. Traders who want to trade with small trade sizes can find a Cent account at FXOpen.
Comparison summary
- Both provide CFD trading
- Each has MT4
- FXOpen additionally provides MT5
- Both support trading automation
- Each has user friendly web trader
- FOREX.com also offers its Advanced Trading Platform
- FXOpen has a lower minimum deposit than FOREX.com ($1 vs $100)
- FOREX.com has a wider range of markets to trade
- FXOpen offers a Cent account
