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FXCM vs FXOpen 2022

April 26, 2022
Last modified June 23, 2022

FXCM is better than FXOpen.

Trying to decide between FXCM and FXOpen? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

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Overall Rating expand_moreexpand_less FXCM FXOpen IG
Overall Rating star starstarstarstarstar / 10 star starstarstarstarstar / 10 star starstarstarstarstar / 10
Account Type expand_moreexpand_less FXCM FXOpen IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No Yes No
Copy Trading expand_moreexpand_less FXCM FXOpen IG
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No No No
ZuluTrade Yes Yes No
Cryptocurrency expand_moreexpand_less FXCM FXOpen IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading expand_moreexpand_less FXCM FXOpen IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less FXCM FXOpen IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less FXCM FXOpen IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting Yes No Yes
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals No No Yes
ETF No Yes Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less FXCM FXOpen IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes No Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) No Yes No
Regulatory Licenses expand_moreexpand_less FXCM FXOpen IG
Tier-1 Licenses 3 2 7
ASIC Authorised (Australia) Yes Yes Yes
IIROC Authorised (Canada) Yes No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 3 1 2
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less FXCM FXOpen IG
Trading Central (Recognia) Yes No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes No Yes
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) Yes No Yes
Trading Costs expand_moreexpand_less FXCM FXOpen IG
Minimum Initial Deposit Starts from $50 $100 £250.00
Average Spread EUR/USD - Standard 1.4 (Q2 2020) N/A 0.828 (September 2021)
All-in Cost EUR/USD - Active 1.1 (Q2 2020) N/A 0.365 (May 2020)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less FXCM FXOpen IG
Watchlists - Total Fields 12 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 57 30 32
Mobile Charting - Indicators / Studies 59 30 32
Trust Factors expand_moreexpand_less FXCM FXOpen IG
Year Founded 1999 2003 1974
Publicly Traded (Listed) Yes No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 96 80 99
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