FXCM
FxOpen
VS
Compare
FXCM
Capital at risk · T&Cs apply
In the FXCM vs FxOpen comparison, both brokers share an identical overall rating of 3.66/5 and are regulated by the FCA and ASIC, but they cater to different types of traders. FXCM, founded in 1999, appeals to traders seeking low spreads on major forex pairs and a robust proprietary platform, making it ideal for those who value automated trading and educational resources. In contrast, FxOpen, established in 2005, attracts traders looking for ECN execution and flexibility with platform options such as MT5 and cTrader, especially those who prefer a low entry barrier with a minimum deposit of just $1. The key difference lies in their product offerings and platform variety, with FxOpen including cryptocurrencies and offering more advanced trading platforms.
FXCM
FxOpen
| FXCM | FxOpen | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 3.7/5 |
| Min. Deposit | $50 | $1 ✓ |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC | FCA, ASIC |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT4, MT5, cTrader |
FXCM (3.7/5) and FxOpen (3.7/5) are closely matched. FxOpen has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowFXCM
FxOpen
WinnerFXCM
FxOpen
FXCM
3.7/5
Choose FXCM if you want…
FxOpen
3.7/5
Choose FxOpen if you want…
FXCM (3.7/5) and FxOpen (3.7/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
FXCM offers spreads from 0.2 pips, while FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
FXCM requires a minimum deposit of $50. FxOpen requires $1.
FXCM is regulated by FCA, ASIC, while FxOpen holds licences from FCA, ASIC.
FXCM supports MT4, Proprietary Web, Proprietary Mobile. FxOpen supports MT4, MT5, cTrader.
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.