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Compare Forex Brokers FXCM And Fast Brokers


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Subjective Ratings

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FXCM

Fast Brokers

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 Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Four and Half star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four and Half star Withdrawal processing Rating Five 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

Fast Brokers

 
Registered Business Name: Forex Capital Markets LLC Fast Trading Services LLC
Broker Headquarters: New York City, USA Glendale, California, USA
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)
NFA (ID#: 0342002)
CFTC Registered
In business since year: 1999 2004
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 (some restrictions apply)
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
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
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: 10 top-tier banks - names not disclosed Currenex®, Integral®, Fortex®, Stonex

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Trading Details

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FXCM

Fast Brokers

 
Browser platform: Java Trading Station (for Mac users) or FXCM ActiveTrader Fast Brokers Currenex Java Classic
Downloadable platform: FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4) PathFinder Trader™
Mobile platform: Java Trading Station (for Mac users) or FXCM ActiveTrader Coming Soon
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers DMA to multiple ECNs
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:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/unlimited
Swap-free accounts       Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 32    21   
No Dealing Desk Execution: All orders There is no dealing desk intervention
Typical spread on EUR/USD: 2.3 pips (0.00023) 0.4 pips (0.00004) on ECN2 feed
Fixed spreads: No Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts.
Guaranteed stop losses? All orders are executed at best available price. No, orders are executed at best available price.
Trailing Stops: Server-side Client-side
OCO orders available: Yes Yes
If/then orders available:   Yes
Hedging capability: No Yes, a workaround to the NFA FIFO rule is in place, using separate feeds..
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 5:00PM ET to Friday 4:00PM ET Sunday 5.00 PM to Friday 04.00 PM EST
Timezone User-defined (GMT is the defau User defined
Scalping allowed: Yes, FXCM does not impose any restrictions on your trading style. Yes, without restrictions
Account currencies available: AUD, CAD, EUR, GBP, JPY, NZD, USD CHF, EUR, GBP, USD
Platform languages: English Many
Support languages: Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish
Demo account: 30 days 30 days
Live chat support: Normally 24/7 but may be down for weekly maintenance outside of trading hours. 24/5
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. None

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