The best alternatives to FXCM are
- Pepperstone - Australian forex broker
- Oanda - US forex broker
- IC Markets - Australian forex broker
- Forex.com - Global CFD and forex broker
Let's see in a bit more detail how the FXCM alternatives compare to FXCM and each other:
| FXCM | Pepperstone | Oanda | IC Markets | Forex.com | |
|---|---|---|---|---|---|
| Overall score | 4.2 | 4.4 | 4.6 | 4.4 | 4.4 |
| Fees score | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 |
| Account opening score | 4.0 | 5.0 | 4.0 | 5.0 | 4.0 |
| Deposit and withdrawal score | 4.0 | 5.0 | 4.0 | 5.0 | 4.0 |
| Web platform score | 3.0 | 3.0 | 5.0 | 3.0 | 4.0 |
| Markets and products score | 1.0 | 2.0 | 2.0 | 2.0 | 2.0 |
|
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70.96% of retail CFD accounts lose money |
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71.4% of retail CFD accounts lose money |
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73.5% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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69% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to FXCM? There are many areas based on which FXCM can be compared with others. When we say a given online broker is a good alternative to FXCM we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
FXCM alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- FXCM is recommended for forex traders looking for easy account opening, funding, and withdrawal
- Pepperstone is recommended for forex traders looking for low fees and good customer service
- Oanda is recommended for forex traders who value a user-friendly platform and great research tools
- IC Markets is recommended for forex traders who value easy account opening and free deposit/withdrawal options
- Forex.com is recommended for forex traders looking for low fees and great research tools
Important factors of finding FXCM alternatives
So far Brokerchooser has reviewed 57 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether FXCM or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. FXCM is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost FXCM alternative.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at FXCM, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given FXCM alternative is a must.
Now let's dive into the details of how FXCM and its alternatives perform in the most important areas!
FXCM alternatives
FXCM
FXCM, or Forex Capital Market, is a UK-based broker offering forex and CFDs. FXCM was established in 1999 and its main shareholder is the Jefferies Financial Group. The parent company is listed on the New York Stock Exchange and it has an investment banking background.
FXCM is considered safe as it has a long track-record and it is regulated by top-tier financial authorities like the UK FCA and the Australian ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for easy account opening, funding, and withdrawal
| Pros | Cons |
|---|---|
| • Fast and straightforward account opening | • Limited product portfolio |
| • Good technical research tools | • Poor mobile platform |
| • High quality educational content | • Poor website trading platform |
Fees
FXCM has low trading fees and average non-trading fees. There are no account, deposit, or withdrawal fees. However, you have to pay a $50 fee after one year of inactivity.
| Pros | Cons |
|---|---|
| • Low trading fees | • High AUDUSD trading fee |
| • No withdrawal fee |
| FXCM | Pepperstone | Oanda | IC Markets | Forex.com | |
|---|---|---|---|---|---|
| EURUSD benchmark fee | $16.7 | $14.9 | $15.9 | $15.8 | $12.6 |
| EURGBP benchmark fee | $12.2 | $10.6 | $10.7 | $9.9 | $9.9 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
The account opening process at FXCM is hassle-free, and there is no minimum balance requirement. The minimum deposit is $50. On the other hand, the account opening time is slower than usual.
| Pros | Cons |
|---|---|
| • Fully digital | • Account opening time slower than at most forex brokers |
| • Low minimum deposit | |
| • User-friendly |
| FXCM | Pepperstone | Oanda | IC Markets | Forex.com | |
|---|---|---|---|---|---|
| Minimum deposit | $50 | $0 | $0 | $200 | $50 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1 day | 1-3 days |
Learn more about FXCM minimum deposit here.
Deposit and withdrawal
There are several options both for deposit and withdrawal but the withdrawal time is slow.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Slow withdrawal - over 3 days |
| • Free withdrawal | |
| • No deposit fee |
| FXCM | Pepperstone | Oanda | IC Markets | Forex.com | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | Yes | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
FXCM's trading platform is extremely customizable and you can use lots of order types. On the other hand, it's not user-friendly and it has a poor search function.
| Pros | Cons |
|---|---|
| • Clear fee report | • Not user-friendly |
| • Good customizability (for charts, workspace) | • No two-step (safer) login |
| • Good variety of order types | • Poor search function |
| FXCM | Pepperstone | Oanda | IC Markets | Forex.com | |
|---|---|---|---|---|---|
| Web platform score | 3.0 | 3.0 | 5.0 | 3.0 | 4.0 |
| Mobile platform score | 1.0 | 4.0 | 5.0 | 4.0 | 4.0 |
| Desktop platform score | 3.0 | 3.0 | 4.0 | 3.0 | 3.0 |
Learn more about FXCM's web trading platform in the detailed FXCM review.
Markets and products
At FXCM you only have access to forex and CFDs. Cryptos are provided through CFDs.
| FXCM | Pepperstone | Oanda | IC Markets | Forex.com | |
|---|---|---|---|---|---|
| Stock | No | No | No | No | No |
| ETF | No | No | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | No | Yes | Yes |
Verdict
FXCM has low trading fees, its technical research tools are of high quality and well organized, and the account opening is fast and straightforward.
However, FXCM only offers forex, CFDs and crypto CFDs. Their mobile and desktop trading platforms need an update, as they are not user-friendly.
Feel free to try FXCM. There is no minimum deposit, and the inactivity fee only kicks in after a year.
| FXCM | |
|---|---|
| Summary | FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC. |
| Fees score | 4.0 |
| Recommended for | Forex traders looking for easy account opening, funding, and withdrawal |
FXCM alternatives
Pepperstone
Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.
Pepperstone is considered safe since it's regulated by two top-tier financial authorities, the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees and good customer service
| Pros | Cons |
|---|---|
| • Low forex and equity index CFD fees | • Only forex, CFDs, and crypto |
| • Great customer service | • Basic news flow, no fundamental data |
| • Seamless and free deposit and withdrawal | • No investor protection for non-EU clients |
Fees
Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High financing rate for CFDs |
| • Low non-trading fees | |
| • Low forex fees |
| Pepperstone | FXCM | |
|---|---|---|
| EURUSD benchmark fee | $14.9 | $16.7 |
| EURGBP benchmark fee | $10.6 | $12.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Pepperstone's account opening is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Pepperstone | FXCM | |
|---|---|---|
| Minimum deposit | $0 | $50 |
| Time to open account | 1 day | 1-3 days |
If you are interested more in Pepperstone minimum deposit, this overview will help you.
Deposit and withdrawal
Pepperstone provides plenty of options for deposit and withdrawal, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • High bank withdrawal fee for clients outside the EU/Australia |
| • No deposit fee | |
| • Several account base currencies |
| Pepperstone | FXCM | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation |
| Pepperstone | FXCM | |
|---|---|---|
| Web platform score | 3.0 | 3.0 |
| Mobile platform score | 4.0 | 1.0 |
| Desktop platform score | 3.0 | 3.0 |
Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.
Markets and products
At Pepperstone you can only trade with forex, some CFDs, and cryptos.
| Pepperstone | FXCM | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Pepperstone is a great forex broker, regulated by the top-tier FCA and ASIC.
Forex and equity index fees are low. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.
On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. There are no fundamental research tools, and the quality of news feeds is poor. Lastly, there is no investor protection for non-EU clients.
Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.
| Pepperstone | |
|---|---|
| Summary | Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia. |
| Fees score | 4.0 |
| Recommended for | Forex traders looking for low fees and good customer service |
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FXCM alternatives
Oanda
Oanda is an American forex broker founded in 1996.
It is considered safe because it has a long track record, discloses its financials, and is regulated by top-tier authorities, such as the US Retail Foreign Exchange Dealer (RFED) and the UK's Financial Conduct Authority (FCA).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders who value a user-friendly platform and great research tools
| Pros | Cons |
|---|---|
| • Generally low fees | • Only FX and some CFDs |
| • Easy-to-use web trading platform | • Poor customer service |
| • Easy and digital account opening | • High bank withdrawal fee |
Fees
Oanda charges low CFD and low forex fees. Non-trading fees are low, though the withdrawal fee is quite high for bank transfers.
| Pros | Cons |
|---|---|
| • Low trading fees | • High withdrawal fee for bank transfers |
| • Low forex fees | |
| • No withdrawal fee | |
| • No withdrawal fee in most cases |
| Oanda | FXCM | |
|---|---|---|
| EURUSD benchmark fee | $15.9 | $16.7 |
| EURGBP benchmark fee | $10.7 | $12.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Oanda's account opening is straightforward, with no required minimum balance.
| Pros | Cons |
|---|---|
| • Fully digital | • Issues with ID verification can slow account opening |
| • No minimum deposit | |
| • Low minimum deposit |
| Oanda | FXCM | |
|---|---|---|
| Minimum deposit | $0 | $50 |
| Time to open account | 1-3 days | 1-3 days |
If you are interested more in Oanda minimum deposit, this overview will help you.
Deposit and withdrawal
There is no deposit fee and you can conveniently use your debit card for deposit. While withdrawal is free in most cases, it is expensive for bank transfers, and it involves a fee if you withdraw to your card more than once a month.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • High withdrawal fee for bank transfers |
| • No deposit fee | |
| • Withdrawal is free for PayPal and for the first debit card transaction each month |
| Oanda | FXCM | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • No price alerts |
| • Clear fee report | |
| • Two-step (safer) login |
| Oanda | FXCM | |
|---|---|---|
| Web platform score | 5.0 | 3.0 |
| Mobile platform score | 5.0 | 1.0 |
| Desktop platform score | 4.0 | 3.0 |
Learn more about Oanda's web trading platform in the detailed Oanda review.
Markets and products
At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
| Oanda | FXCM | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | No | Yes |
Verdict
Oanda is a good forex broker: its fees are great, and it has a good web trading platform where you will quickly feel comfortable. It provides a user-friendly and fully digital account opening process, as well as powerful research tools, especially API.
On the other hand, Oanda has a limited product portfolio, as only forex and CFDs are available. Customer support is slow, and bank withdrawal fees can be high.
Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after two years.
| Oanda | |
|---|---|
| Summary | Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC. |
| Fees score | 4.0 |
| Recommended for | Forex traders who value a user-friendly platform and great research tools |
FXCM alternatives
IC Markets
IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders who value easy account opening and free deposit/withdrawal options
| Pros | Cons |
|---|---|
| • Low forex fees | • No investor protection |
| • Easy and fast account opening | • No negative balance protection |
| • Free deposit and withdrawal | • Only forex, CFD and crypto trading |
Fees
IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High financing rate for CFDs |
| • Low non-trading fees | |
| • Low forex fees |
| IC Markets | FXCM | |
|---|---|---|
| EURUSD benchmark fee | $15.8 | $16.7 |
| EURGBP benchmark fee | $9.9 | $12.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
The account opening process at IC Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| IC Markets | FXCM | |
|---|---|---|
| Minimum deposit | $200 | $50 |
| Time to open account | 1 day | 1-3 days |
If you are interested more in IC Markets minimum deposit, this overview will help you.
Deposit and withdrawal
IC Markets's depositing and withdrawal services are great. There are no fees for either and many options are available for moving your money in and out.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| IC Markets | FXCM | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| IC Markets | FXCM | |
|---|---|---|
| Web platform score | 3.0 | 3.0 |
| Mobile platform score | 4.0 | 1.0 |
| Desktop platform score | 3.0 | 3.0 |
Learn more about IC Markets's web trading platform in the detailed IC Markets review.
Markets and products
At IC Markets, you can trade only with forex, some CFDs, and crypto products, no other assets are available.
| IC Markets | FXCM | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
IC Markets is a great forex and CFD broker.
Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and user-friendly. The education section of its website is also a plus.
On the other hand, IC Markets offers only forex, CFD and crypto trading. It also does not provide any investor or negative balance protection.
Feel free to try IC Markets, as you will have an account within a day and there is no inactivity fee.
| IC Markets | |
|---|---|
| Summary | IC Markets is a global forex and CFD broker. |
| Fees score | 4.0 |
| Recommended for | Forex traders who value easy account opening and free deposit/withdrawal options |
FXCM alternatives
Forex.com
Forex.com is a global FX and CFD broker established in 2001. Forex.com is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK or the US Commodity Futures Trading Commission (CFTC).
Forex.com is considered safe because it has a long track record, is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees and great research tools
| Pros | Cons |
|---|---|
| • Low forex fees | • Limited product portfolio |
| • Great variety of currency pairs | • High stock CFD fees |
| • Diverse technical research tools | • Non-user-friendly desktop platform |
Fees
Forex.com has low fees for forex trades and stock index CFDs. On the other hand, stock CFD fees are high and there is an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fees |
| • Low stock index CFD fees |
| Forex.com | FXCM | |
|---|---|---|
| EURUSD benchmark fee | $12.6 | $16.7 |
| EURGBP benchmark fee | $9.9 | $12.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Forex.com's account opening is seamless and fully digital, with a low minimum deposit. On the other hand, account verification takes ~2 business days, which is not the fastest on the market.
| Pros | Cons |
|---|---|
| • Fully digital | • Relatively slow account verification |
| • Low minimum deposit | |
| • User-friendly |
| Forex.com | FXCM | |
|---|---|---|
| Minimum deposit | $50 | $50 |
| Time to open account | 1-3 days | 1-3 days |
If you are interested more in Forex.com minimum deposit, this overview will help you.
Deposit and withdrawal
Forex.com provides multiple options for deposit and withdrawal, all free of charge. However, withdrawal is not possible with some credit cards.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Problem with credit card withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| Forex.com | FXCM | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Forex.com's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login and we found some bugs.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Good variety of order types |
| Forex.com | FXCM | |
|---|---|---|
| Web platform score | 4.0 | 3.0 |
| Mobile platform score | 4.0 | 1.0 |
| Desktop platform score | 3.0 | 3.0 |
Learn more about Forex.com's web trading platform in the detailed Forex.com review.
Markets and products
At Forex.com, you can only trade with forex, CFDs and cryptos. Other asset classes, like real stocks or funds, are not available.
| Forex.com | FXCM | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Forex.com is a great forex broker regulated by several financial authorities, such as the UK FCA or the US CFTC.
On the positive side, it has low forex fees, many tradable currency pairs, and high-quality research tools.
It has some drawbacks though. Popular assets, like real stocks or bonds, are not provided. Stock CFD fees are quite high, and the desktop platform is not easy to use.
Since no withdrawal fee or inactivity fee kicks in until after one year, feel free to try Forex.com today.
| Forex.com | |
|---|---|
| Summary | Forex.com is a global forex and CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange. |
| Fees score | 4.0 |
| Recommended for | Forex traders looking for low fees and great research tools |
FXCM alternatives
Bottom line
Based on our analysis, there are several good alternatives to FXCM. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| FXCM | UK-based forex broker | Forex traders looking for easy account opening, funding, and withdrawal |
| Pepperstone | Australian forex broker | Forex traders looking for low fees and good customer service |
| Oanda | US forex broker | Forex traders who value a user-friendly platform and great research tools |
| IC Markets | Australian forex broker | Forex traders who value easy account opening and free deposit/withdrawal options |
| Forex.com | Global CFD and forex broker | Forex traders looking for low fees and great research tools |
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