Tickmill is a global broker authorized by trusted regulators including the CySEC and the FCA. Over 660,000 traders have opened an account with the firm with more than 530 million trades executed. Advanced trading tools, educational content and low fees make this broker stand out from competitors.
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
Strong suite of trading tools; MT4, MT5, VPS, Autochartist, Acuity, and forex calculators
Beginner-friendly educational content with user tutorials and analyst insights
Three live accounts with five base currencies and competitive pricing
Overseen by tier-one and tier-two regulators; FCA and CySEC
Above-average selection of funding methods including PayPal
500+ markets including forex, stocks and commodities
Hedging and scalping permitted
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
Services not available to clients from the US, Japan or Canada
Limited regulatory oversight if you sign up with the offshore branch
Telephone support available during office hours only
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
Awards
Best Commodities Broker 2020 - Rankia Markets Experience Expo
Best Trading Experience 2020 - Forex Brokers Award
Best Forex Execution Broker 2019 - CFI.co Awards
Best CFD Broker Asia 2019 - International Business Magazine
Best Forex CFD Provider 2019 - Online Personal Wealth Awards
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
Trade Signals
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
Inactivity Fee
$0
Islamic Account
Yes
No
Account Currencies
USD
EUR
GBP
PLN
USD
EUR
GBP
CAD
AUD
ZAR
CHF
Commodities
Gold
Natural Gas
Gold
Oil
Silver
Cannabis
CFD
Speculate on the price movement of 500+ instruments including forex, stocks, commodities and crypto with a low minimum deposit of $100. You can go long or short with leverage in line with regulatory requirements.
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
0.9
1.18 pts var*
GBPUSD Spread<
0.3
0.5 pips*
Oil Spread
0.4
0.05 (var)*
Stocks Spread
N/A
0.2% Var*
Forex
Trade 60+ major, minor and exotic currency pairs, including GBP/USD, EUR/GBP, and ZAR/USD, with spreads as low as 0 pips and ultra-fast execution speeds.
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.