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Compare Forex Brokers Easy Forex And FXCM


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Subjective Ratings

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Easy Forex

FXCM

Charting: One star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Five star Execution Rating
Transaction costs (spreads): Three star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four star User-friendliness Rating
Platform Functionality: Three star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four and Half star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Five star Withdrawal processing Rating Four and Half star Withdrawal processing Rating
Average rating: Three and Half star Average Rating Four and Half star Average Rating

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Business Details

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Easy Forex

FXCM

 
Registered Business Name: Easy Forex US Ltd. Forex Capital Markets LLC
Broker Headquarters: Limassol, Cyprus New York City, USA
Also has offices in: Chicago, Melbourne, Sydney, Manila, Tel Aviv London, Hong Kong and Tokyo
Regulated By: * ASIC AFSL (Australia);
* CySEC (Cyprus);
* CFTC & NFA (USA)
USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
In business since year:   1999
Broker Capital as of 01-1970 $10,606,977 $131,416,979
Client Account Segregation: Basler Kantonalbank Available to all clients of FXCM UK which welcomes US-based clients.
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded
MethodDeposit FeeWithdrawal Fee
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
Main liquidity providers: UBS, RBS (Royal Bank of Scotland) 10 top-tier banks - names not disclosed

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Trading Details

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Easy Forex

FXCM

 
Browser platform: Easy-Forex® (proprietary) Java Trading Station (for Mac users) or FXCM ActiveTrader
Downloadable platform: No FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4)
Mobile platform: Easy-Forex® (proprietary) Java Trading Station (for Mac users) or FXCM ActiveTrader
Phone dealing: Yes Yes
Order processing: Market Maker Straight-through to multiple liquidity providers
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
VIP Account 200:1* $10,000/unlimited $1,000,000/unlimited
Mini Account 200:1* $200/$499 $2,500/unlimited
Platinum Account 200:1* $500/$4,999 $50,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Gold Account 200:1* $25,000/unlimited 10,000/50,000,000
Standard Account 200:1* $2,000/unlimited 10,000/50,000,000
Swap-free accounts        
Tradeable Instruments: 21    32   
No Dealing Desk Execution: Yes (dealing desk available on request) All orders
Typical spread on EUR/USD: 3-7 pips, depending on account type 2.3 pips (0.00023)
Fixed spreads: Yes (except after-hours) No
Guaranteed stop losses? Yes All orders are executed at best available price.
Trailing Stops: None Server-side
OCO orders available: No Yes
If/then orders available:    
Hedging capability: Yes No
Automated Trading: No Yes, on MT4
Trading Hours: Sun. 20:00GMT - Fri. 21:00GMT (trading outside these times available but incurs higher spread costs) Sunday 5:00PM ET to Friday 4:00PM ET
Timezone GMT User-defined (GMT is the defau
Scalping allowed: No Yes, FXCM does not impose any restrictions on your trading style.
Account currencies available: AUD, CAD, CHF, EUR, GBP, ILS, JPY, NOK, NZD, PLN, SGD, USD AUD, CAD, EUR, GBP, JPY, NZD, USD
Platform languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish English
Support languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu
Demo account: 15 days 30 days
Live chat support: Yes (Monday-Friday 06:00am GMT until 4pm GMT) Normally 24/7 but may be down for weekly maintenance outside of trading hours.
Interest on Margin: No No
Promotions & tournaments:   Courses and seminars/webinars with professional traders offered to real account holders. Gold account holders also get preferred treatment, free ProRealTime Charting package and a complimentary $1,000 daytrading course.

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