FXCM Alternatives: Pros, Cons, And How It Compares Updated for 2024
This alternatives to FXCM guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to FXCM to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to FXCM like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their users. If you feel that FXCM is not quite right for you then it would be worth getting a demo account with some of the best FXCM alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth guide to FXCM alternatives on the internet
There's many reasons FXCM may not be a good fit for your trading needs. Whatever reason you are looking for the top FXCM alternative or FXCM competitor with similar services, we try to give you as much useful information so you can find what it is you need. Below you can discover the top FXCM alternatives.
For each of the below alternative to FXCM, we break down the key differences to FXCM and for each platform feature show you the best alternatives. For each FXCM alternative trading platform shown we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with FXCM, find some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a professional and dependable broker is important for having a successful trading career. All of the FXCM alternative platforms listed in this FXCM alternatives guide have good reputations and can match what you are looking for.
Alternatives With Lower Minimum Deposit
FXCM has a minimum desposit of $1, you should check how the minimum deposit requirements of FXCM compare with the minimum deposits of FXCM competitors. Online brokers often have lower minimum deposits to get traders to test them out, but having higher a minimum deposit requirement isn’t necessarily a bad thing, it all depends on your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
FXCM |
$1 | |
| freetrade |
$0 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 | |
| FreshForex |
$1 |
Alternatives Offering Virtual Portfolio Accounts
FXCM offers demo accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we list some of the best alternatives to FXCM that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
FXCM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
FXCM does not offer negative balance protection. If your balance is negative, FXCM indicates that you promptly contact customer services. So you are able to correct any imbalances in your own account.
Below we list some of the best alternatives to FXCM that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
FXCM |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
FXCM unfortunately, does not provide guaranteed stop loss. FXCM gives a chance to its dealers to close their trade in their given price. Aside from this, FXCM does not offer guaranteed stop loss.
Below we list some of the top FXCM alternatives that offer guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
FXCM |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
FXCM do permit scalping. Many traders throughout the world choose FXCM due to their scalping services. They offer trading on MT4, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps which let this.
Below we show some of the best alternatives to FXCM that offer scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
FXCM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
FXCM do permit hedging. Many traders around the world select FXCM due to their hedging services. They offer trading on MT4, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps.
Below we detail some of the best alternatives to FXCM that offer hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
FXCM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Regretably, FXCM does not offer social trading.
Below we list some of the top FXCM alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
FXCM |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Unfortunately, FXCM does not offer copy trading.
Below we list some of the top FXCM alternatives that allow copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
FXCM |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare FXCM To All Other Brokers