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Compare Forex Brokers FXCM And Baron Forex


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Subjective Ratings

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FXCM

Baron Forex

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

Visit FXCM Visit Baron Forex

Business Details

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FXCM

Baron Forex

 
Registered Business Name: Forex Capital Markets LLC BFX Capital Inc.
Broker Headquarters: New York City, USA Belize City, Belize
Also has offices in: London, Hong Kong and Tokyo New York, Toronto, Cyprus
Regulated By: USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
IFSC (Belize) No. 6012909
In business since year: 1999 2008
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. Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
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
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: 10 top-tier banks - names not disclosed Several major banks in Switzerland and the UK

Visit FXCM Visit Baron Forex

Trading Details

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FXCM

Baron Forex

 
Browser platform: Java Trading Station (for Mac users) or FXCM ActiveTrader None
Downloadable platform: FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4) Baron Forex Metatrader 4 (MT4)
Mobile platform: Java Trading Station (for Mac users) or FXCM ActiveTrader None
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers All orders routed through dealing desk.
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:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts       Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 32    26   
No Dealing Desk Execution: All orders Not available
Typical spread on EUR/USD: 2.3 pips (0.00023) 2 pips (0.0002) FIXED
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, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 5:00PM ET to Friday 4:00PM ET Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone User-defined (GMT is the defau GMT datafeed
Scalping allowed: Yes, FXCM does not impose any restrictions on your trading style. Yes, traders are free to practice any trading style.
Account currencies available: AUD, CAD, EUR, GBP, JPY, NZD, USD CAD, EUR, USD
Platform languages: English Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu English, Spanish
Demo account: 30 days 30 days
Live chat support: Normally 24/7 but may be down for weekly maintenance outside of trading hours. Yes, excellent support is available during 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. $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

Visit FXCM Visit Baron Forex


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