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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
4.3 / 5.0
4.5 / 5.0
overall pros
  • Low trading fees and financing rates
  • Good technical research tools
  • Fast and straightforward account opening
  • Low options trading fees
  • Great education materials
  • Very good customer service
overall cons
  • Limited product portfolio
  • Poor mobile platform
  • Poor desktop trading platform
  • Only US options, futures, and stocks
  • Can be intimidating for beginners
  • Trading platforms have some bugs
fees
4 stars
  • Low trading fees
  • No withdrawal fee
  • Low financing rate
  • Transparent fee structure
  • Inactivity fee
4 stars
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
  • Withdrawal fee
  • High financing rate
account opening
4 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • Account opening takes several days
4 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • Can take 3 business days
deposit and withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
  • Slow funding and withdrawal - over 3 days
  • Withdrawal fee for bank transfer can be high
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safe) login
  • Setting alerts is complicated
4 stars
  • Clear fee report
  • Good search function
  • Great options trading panel with embedded strategies
  • Limited customizability (for charts, workspace)
  • Can be intimidating for beginners
mobile trading platform
2 stars
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safe) login
  • Poor search function
4 stars
  • Two-step (safe) login
  • Good search function
  • Good variety of order types
  • No price alerts
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Available in several languages
  • Not user-friendly
  • No two-step (safe) login
  • Setting alerts is not a piece of cake
4 stars
  • Clear fee report
  • Price alerts
  • Looks nice
  • Limited customizability (for charts, workspace)
  • No two-step (safe) login
markets and products
1 stars
  • Forex
  • CFD
  • Crypto
1 stars
  • Stock
  • ETF
  • Options
  • Futures
research
5 stars
  • Good interactive chart
  • Good set of analytical tools
  • No fundamental data available
4 stars
  • User-friendly
  • Very enjoyable and relevant videos
  • Great overviews for option trading
  • Options focused
  • Limited fundamental data
  • Limited chart analysis tools
customer service
5 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • No 24/7
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Only in English
  • Only 24/5
education
5 stars
  • Demo account
  • Educational videos
  • Easy to understand
5 stars
  • Educational videos
  • Easy to understand
  • Good production quality
  • No demo account
  • Regulated by top tier financial authority
  • Negative balance protection
  • £85,000 FSCS protection for European clients
  • Regulated by top tier financial authority
  • High level of investor protection
  • Started by well-known industry experts
  • No negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders looking for easy account opening, funding, and withdrawal processes Price sensitive equity and option traders focusing on the US