ForTrade vs FXCM 2026: Which Broker is Better?
In this broker comparison, we examine ForTrade and FXCM, two prominent financial service providers headquartered in London, both regulated by the FCA and ASIC. ForTrade, with a rating of 3.81/5, appeals to traders seeking a wide range of markets, including cryptocurrencies, and offers commission-free trading with its proprietary and MT4 platforms. Conversely, FXCM, rated 3.66/5, is ideal for cost-conscious traders looking for lower spreads on major forex pairs and benefits from over 25 years of industry experience. While ForTrade requires a higher minimum deposit, FXCM provides a more extensive educational suite and supports automated trading, making it attractive for traders focused on strategy development.
ForTrade
FXCM
| ForTrade | FXCM | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.7/5 |
| Min. Deposit | $100 ✓ | $50 |
| Spread from | 1 pips | 0.2 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:400 |
| Regulation | FCA, ASIC, CySEC ✓ | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, Proprietary Web, Proprietary Mobile |
ForTrade is the better choice overall, scoring 4.3/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowForTrade vs FXCM: Key Differences
ForTrade
FXCM
Fees Comparison
ForTrade
FXCM
Lower feesBrokerRank Verdict
Who Should Choose Which?
ForTrade
4.3/5
Choose ForTrade if you want…
- Higher overall rating (4.3/5)
- Higher leverage (up to 1:500)
- More regulatory licences (6)
- More market types (6)
FXCM
3.7/5
Choose FXCM if you want…
- Tighter spreads (from 0.2 pips)
- Lower minimum deposit ($50)
- More established (est. 1999)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both ForTrade & FXCM are available in
Frequently Asked Questions
1Is ForTrade better than FXCM?
ForTrade scores higher overall on our independent rating system. ForTrade holds a 4.3/5 rating vs FXCM's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, ForTrade or FXCM?
ForTrade offers spreads from 1 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for ForTrade vs FXCM?
ForTrade requires a minimum deposit of $100. FXCM requires $50.
4Which broker is safer, ForTrade or FXCM?
ForTrade is regulated by FCA, ASIC, CySEC, CIRO, DFSA, FSC, while FXCM holds licences from FCA, ASIC.
5What trading platforms do ForTrade and FXCM support?
ForTrade supports Proprietary Web, Proprietary Mobile, MT4. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both ForTrade and FXCM?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
ForTrade
Capital at risk · T&Cs apply