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Compare Forex Brokers FXCM And AskOBid


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Subjective Ratings

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FXCM

AskOBid

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

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Business Details

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FXCM

AskOBid

 
Registered Business Name: Forex Capital Markets LLC O.C.M. Online Capital Markets Ltd.
Broker Headquarters: New York City, USA Limassol, Cyprus
Also has offices in: London, Hong Kong and Tokyo none
Regulated By: USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
CySEC
In business since year: 1999 2010
Broker Capital as of 11-2008 $131,416,979 Unknown
Client Account Segregation: Available to all clients of FXCM UK which welcomes US-based clients. Yes - funds held at Marfin Popular Bank, Cyprus
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
MethodDeposit FeeWithdrawal Fee
4B Debit
AMEX
Carta Si
Carte Bleue
Dankort Debit
Delta Debit
Diners Club
EC
eNETS
ePay.bg
EPS
Euro6000 Debit
giropay
iDEAL
JCB
Laser Debit
MasterCard/Maestro
Moneybookers
Netelis Asia
Nordea
POLi
Postepay
Przelewy24
Sofort
Solo Debit
UnionPay
Visa
Visa Electron
Westpac (WBK)
Wire Transfer
Main liquidity providers: 10 top-tier banks - names not disclosed Unknown

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Trading Details

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FXCM

AskOBid

 
Browser platform: Java Trading Station (for Mac users) or FXCM ActiveTrader AskOBid Trader (Tradorz)
Downloadable platform: FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4) AskOBid Metatrader 4 (MT4)
Mobile platform: Java Trading Station (for Mac users) or FXCM ActiveTrader AskOBid Trader (Tradorz)
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers Market Maker
Account Types
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
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum Account 200:1* $10,001/unlimited 100,000/30,000,000 units
Silver Account 200:1* $100/$1,000 5,000/500,000 units
Gold Account 200:1* $1,001/$10,000 25,000/5,000,000 untis
Swap-free accounts       No swap-free accounts available
Tradeable Instruments: 32    48   
No Dealing Desk Execution: All orders Depending on risk profile
Typical spread on EUR/USD: 2.3 pips (0.00023) 3 pips (0.0003) FIXED (depending on account type)
Fixed spreads: No Yes
Guaranteed stop losses? All orders are executed at best available price. Yes, stop loss orders are guaranteed against slippage.
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available:   No
Hedging capability: No Yes
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours: Sunday 5:00PM ET to Friday 4:00PM ET Sunday 21:00 PM GMT to Friday 21:00 PM GMT
Timezone User-defined (GMT is the defau GMT
Scalping allowed: Yes, FXCM does not impose any restrictions on your trading style. Yes on MT4, but not on AskOBid platform (2 min. required between open & close)
Account currencies available: AUD, CAD, EUR, GBP, JPY, NZD, USD USD
Platform languages: English Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish
Support languages: Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu English, French, German, Portuguese, Spanish, Turkish
Demo account: 30 days 21 days
Live chat support: Normally 24/7 but may be down for weekly maintenance outside of trading hours. Yes - polite but not particularly knowledgeable
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. 10% deposit bonus on Silver Accounts, 15% on Gold, 30% on Platinum!

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