FXCM is well-established broker since 1999, offering indices, Forex, Commodities, Cryptos and Bonds. FXCM is a regulated brand in several jurisdictions including the UK’s FCA. They offer a variety of trading technology across the FXCM Flagship Trading Station Desktop, the Mac friendly Trading Station Web 2.0, and the MetaTrader4.
|#||Broker's Features||FXCM Availability||FXGLORY Availability|
|#||Accepts US traders||❌||✔|
|#||24 hour trading||✔||✔|
|#||Trading by phone||❌||✔|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||✔||✔|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FXCM vs Fxglory.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FXCM offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, while Fxglory offers N/A.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. FXCM is ECN, STP, while Fxglory is STP.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FXCM recommended minimum capital is N/A, while Fxglory has a Minimum Deposit Requirement of 1.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FXCM is regulated by AMF, ASIC, BaFin, CONSOB, FCA, FSB, while Fxglory regulated by IFSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. FXCM offers EUR, USD, GBP, AUD, CHF, JPY, CAD different account currencies for each account types, while Fxglory offers USD account currencies.
Languages Available: Next lets have a look at each broker's different Language options. FXCM offers English, Spanish, French, German, Arabic, Chinese,, while Fxglory offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. FXCM offers Neteller, PayPal, Skrill, Bank Wire Transfer different payment methods for each account types, while Fxglory offers PayPal, Credit/Debit Cards, Skrill, OKPAY,Payza, Netelle payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FXCM makes MT4, Ninjatrader, Zulutrade, Proprietary available to clients, while Fxglory offers MT4, WebTrader.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, FXCM is more reliable based on our criteria above. FXCM has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. FXCM broker is regulated in more major hubs. FXCM offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. FXCM offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. FXCM has a wider range of languages in which customer service is offered making the broker more accessible.
FXCM has low trading fees and financing rates. It has great technical research tools. e.g. there are many technical indicators. Lastly, the account opening process is straightforward, easy, and fast.
FXCM's primarily offers only forex, some CFDs, and cryptos. The mobile and desktop trading platforms are not user-friendly and lack useful features, like the two-step authentication.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.