Compare FXCM vs tastyworks


Online brokers compared for fees, trading platforms, safety and more. See how FXCM stacks up against tastyworks!

FXCM vs tastyworks
overall rating
4.4
4.7
overall pros
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
  • Low trading fees
  • Great educational materials
  • Good research tools
overall cons
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
  • Limited product selection
  • Few deposit and withdrawal options
  • No demo account
fees
3.7
  • Low trading fees
  • Low CFD fees
  • Inactivity fee after one year
4.4
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
1.9
  • No deposit fee
  • User-friendly
  • Free ACH withdrawals in the US
  • Credit/Debit card not available
  • Only one account base currency
  • High fee for wire withdrawals
web trading platform
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
3.4
  • Clear fee report
  • Price alerts
  • Two-step (safer) authentication for certain functions
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
mobile trading platform
3.0
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
3.9
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
markets and products
1.6
  • Forex
  • CFD
  • Crypto
2.6
  • Stock
  • ETF
  • Options
  • Futures
research
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
5.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex traders looking for easy account opening, funding and withdrawal Options and futures traders focusing on US markets
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