Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers GFT Forex And FXCM


 Compare more forex brokers

Visit GFT Forex Visit FXCM


Subjective Ratings

Compare Category

GFT Forex

FXCM

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

Visit GFT Forex Visit FXCM

Business Details

Compare Category

GFT Forex

FXCM

 
Registered Business Name: Global Futures & Forex Ltd Forex Capital Markets LLC
Broker Headquarters: Michigan, USA New York City, USA
Also has offices in: Sydney, Dubai, Tokyo, London, Singapore, New York, Chicago London, Hong Kong and Tokyo
Regulated By: NFA Member (0279553)
FCM registered with CFTC
USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
In business since year:   1999
Broker Capital as of 11-2008 $73,808,315 $131,416,979
Client Account Segregation:   Available to all clients of FXCM UK which welcomes US-based clients.
Collect Taxes on Earnings:   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: Unknown 10 top-tier banks - names not disclosed

Visit GFT Forex Visit FXCM

Trading Details

Compare Category

GFT Forex

FXCM

 
Browser platform: DealBookŪ WEB Java Trading Station (for Mac users) or FXCM ActiveTrader
Downloadable platform: DealBookŪ 360 FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4)
Mobile platform: DealBookŪ WEB Java Trading Station (for Mac users) or FXCM ActiveTrader
Phone dealing: Yes Yes
Order processing: Straight-through Straight-through to multiple liquidity providers
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
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   No swap-free accounts available    
Tradeable Instruments: 125    32   
No Dealing Desk Execution: Yes All orders
Typical spread on EUR/USD:   2.3 pips (0.00023)
Fixed spreads: No No
Guaranteed stop losses?   All orders are executed at best available price.
Trailing Stops: Client-side Server-side
OCO orders available: Yes Yes
If/then orders available: Yes  
Hedging capability:   No
Automated Trading: No Yes, on MT4
Trading Hours:   Sunday 5:00PM ET to Friday 4:00PM ET
Timezone   User-defined (GMT is the defau
Scalping allowed:   Yes, FXCM does not impose any restrictions on your trading style.
Account currencies available: EUR, JPY, USD AUD, CAD, EUR, GBP, JPY, NZD, USD
Platform languages: Arabic, Dutch, English, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Spanish, Traditional Chinese English
Support languages: Arabic, Bengali, Cantonese, English, French, Greek, Gujarati, Hindi, Japanese, Kannada, Korean, Mandarin, Punjabi, Russian, Spanish, Turkish Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu
Demo account: 30 days 30 days
Live chat support: Yes 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.

Visit GFT Forex Visit FXCM


Bookmark and Share