At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this FXCM broker review.
The FXCM group of companies (FXCM Group) is a leading provider of online foreign exchange (forex) trading, CFD trading, spread betting and related services.
FXCM is committed to offering a diverse suite of innovative trading tools, market news, and education to the trading community. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Broker Capital Markets Limited is also a provider of CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform.
At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this Grand Capital broker review.Grand Capital - one of the oldest international brokerage firms. Since 2006, provides traders convenient online services for trading on Forex. GC is leader in the field of binary options and derivatives trading (CFD). Actually, GC is the first Russian company, which is integrated binary options in MetaTrader 4.
Grand Capital ltd is a fast growing forex broker, offering an innovative trading platform, combining beginner-friendly interface with cutting-edge technologies. Minimum deposit with Grand Capital ltd is just $10 and you can fund your account via Credit card, Neteller, Webmoney, CashU or Bank wire and More. Grand Capital works in sphere of complex services in the financial markets of 2006.
|#||Broker's Features||FXCM Availability||GRAND CAPITAL 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 Grand Capital.
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 Indices, Commodities, Treasury, Forex, while Grand Capital offers 330 financial instruments (Forex, Stocks, Options,.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. FXCM is Broker, while Grand Capital is Broker, Binary.
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 Grand Capital has a Minimum Deposit Requirement of 10.
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 FCA, ASIC, SFC, CONSOB, BaFin, ACP, while Grand Capital regulated by CRFIN, KROUFR. 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 Grand Capital offers EUR, USD, JPY, CHF, GBP 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 Grand Capital offers Russian, Chinese, Indonesian, English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. FXCM offers Debit/Credit Card, Paper Cheque, EFT & Bank Wire ( different payment methods for each account types, while Grand Capital offers Credit card, Neteller, Webmoney, CashU, Fasapay, S payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FXCM makes FXCM Trading Station Desktop/Web/Mobile, FXCM Acti available to clients, while Grand Capital offers MetaTrader 4, Web-trader.
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. 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 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.
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.