ForTrade
FXCM
VS
Higher Rated
ForTrade
Capital at risk · T&Cs apply
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 | 3.8/5 ✓ | 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 3.8/5 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
FXCM
ForTrade
FXCM
Lower fees
ForTrade
3.8/5
Choose ForTrade if you want…
FXCM
3.7/5
Choose FXCM if you want…
ForTrade scores higher overall on our independent rating system. ForTrade holds a 3.8/5 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.
ForTrade offers spreads from 1 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
ForTrade requires a minimum deposit of $100. FXCM requires $50.
ForTrade is regulated by FCA, ASIC, CySEC, while FXCM holds licences from FCA, ASIC.
ForTrade supports Proprietary Web, Proprietary Mobile, MT4. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.