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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

2.7	4
FXPIG is ranked #91 among CFD brokers.	FXCM is ranked #24 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, ASIC, CySEC, FSCA, BaFin.
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	Forex, Stock CFDs, Commodities CFDs, Crypto CFDs
Demo Account
Yes	Yes
Minimum Deposit
$200	$50
Payment Methods
Neteller Skrill Visa Wire Transfer	Apple Pay Credit Cards Debit Card Google Pay PayPal Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
VFSC	FCA, CySEC, ASIC, FSCA, BaFin, CIRO
Mobile Apps
Yes	iOS and Android
iOS App Rating

Android App Rating

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	No
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	Yes
Account Currencies
	USD EUR GBP AUD
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	1:400
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
Cryptocurrency
	You can trade some of world's most popular digital coins with zero commission and leverage. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
Spread
	Variable
Coins
	BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

FXPIG	FXCM
Review	Review
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