FXPIG vs FXCM

FXPIG or FXCM – which is better for UK traders 2024? Compare FXPIG and FXCM in this detailed breakdown of their platforms, features and fees.

FXPIG vs FXCM Comparison Table 2024
FXPIG FXCM
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2.7
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3.5
FXPIG is ranked #97 among CFD brokers. FXCM is ranked #44 among CFD brokers.
Review
Review
FXPIG is an offshore STP broker founded in 2010. The brand has partnered with 20+ tier-one and tier-two liquidity providers to offer fast execution speeds of <10ms and tight spreads. FXPIG provides access to a range of asset classes with a choice of third-party trading software. FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.
Pros
  • Access to 'Smart Trading Tools' such as correlation matrix, sentiment data and an economic calendar
  • Free demo account plus entry into trading contests with cash prizes up to $800
  • Two pricing models for different trading goals and experience levels
  • Responsive customer support via live chat, telephone and email
  • STP trading with ultra-fast execution speeds
  • MT4, MT5, cTrader and FIX API available
  • 80+ forex pairs with low spreads
  • Alongside the 4 charting platforms, FXCM also offers a market-leading range of specialist software for experienced investors, including QuantConnect, AgenaTrader and Sierra Chart
  • The proprietary Trading Station terminal is a good choice for traders looking for an all-in-one solution for their short-term and automated trading strategies
  • Traders can utilize several top-tier trading tools including a market scanner, forex signals and third-party research site, eFXPlus
  • FXCM’s global reputation is impressive, with licenses from the FCA, ASIC, CySEC and FSCA and a 20-year business history
  • A range of funding methods are available including bank cards, Apply Pay and PayPal, with instant processing times
  • The broker offers spread discounts and other excellent perks for experienced traders in the Active Trader account
  • FXCM has expanded its range of trading opportunities with 24-hour stock CFDs through MetaTrader 4
Cons
  • Weak regulatory oversight from the VFSC
  • Below average education and market research
  • No swap-free account
  • Although FXCM continues to gear their services towards experienced traders, it’s a shame that there are no managed accounts on offer
  • There is no choice of retail accounts for traders, nor any Cent/Micro account options
  • The live chat support can be slow and unreliable compared to the top competitors
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, Indices, Metals, Single Stocks, Cryptos, Commodities CFDs, Forex, Stocks, Commodities
Demo Account
Yes Yes
Minimum Deposit
$200 $50
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
VFSC FCA, CySEC, ASIC
Mobile Apps
Yes iOS and Android
iOS App Rating
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Android App Rating
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Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No Yes
Trading Central
No No
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes
Copy Trading
Yes Yes
Copy Trading Platform
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • ZAR
  • CHF
Commodities
  • Gold
  • Gold
  • Oil
  • Silver
  • Cannabis
CFD
Trade leveraged CFDs with rates up to 1:500. You can go long or short on assets from major economies, including the US, UK and Europe. The broker offers industry-leading CFD trading software. You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions.
Leverage
1:500 1:30
FTSE Spread
0.74 1.18 pts var*
GBPUSD Spread<
0.906 0.5 pips*
Oil Spread
0.21 0.05 (var)*
Stocks Spread
N/A 0.2% Var*
Forex
FXPIG offers 80+ currency pairs via MT4, MT5, cTrader or FIX API. Clients can benefit from 100% STP execution and high leverage up to 1:500. Trade with raw spreads from 0 pips, with commissions as low as $2 per lot, per side. FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks.
Assets
80+ 40
GBPUSD Spread
0.906 0.5 pips var*
EURUSD Spread
0.243 0.2 pips var*
EURGBP Spread
0.6 0.5 pips var*
Currency Indices
  • JPY
FXPIG FXCM
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