FOREX.com vs. FXCC

Trading international markets and assets can be risky. Finding a reputable online broker offering the best trading toolkit and the financial instruments to suit your long-term financial goals is essential. 

Modern online trading platforms are fast and efficient, providing you with the market analysis and charting information you need to make informed investment decisions. In this broker comparison, Benzinga will review two popular foreign exchange (forex) trading platforms.

What Is FOREX.com?

Founded in 2001, FOREX.com is an award-winning online forex trading platform offering a range of more than 80 currency pairs, one of the most competitive investment offerings on forex markets today. 

Supporting both MetaTrader 4 and MetaTrader5, FOREX.com offers traders the use of its proprietary app with web and mobile options. The platform is easy to use and navigate. Screens are customizable, and traders have the option of setting up push notifications as alerts for preset market conditions. There are more than 90 market indicators, charts, news and analysis to help investors to make the best trading decisions.  

FOREX.com offers both commission and spread-only trading accounts. Traders can leverage at a ratio of 50 to 1. The FOREX.com Active Trader Program offers discounts to traders with funds of $10,000 or more.

If you’re new to trading, you’ll find all you need to learn the ropes. FOREX.COM has a broad range of educational content for all traders from beginner through advanced levels. Traders can also join live, free-to-watch webinars aimed at various skill levels. Join the social media communities to learn from fellow traders and share views. 

What Is FXCC?

FXCC is an online broker for CFD and forex traders. Investors using the platform can trade in more than 70 foreign currency pairs and eight of the most-traded cryptocurrencies. FXCC also offers spot precious metal and crude oil trading along with stocks from 12 leading market indices. 

FXCC requires no deposit and charges no commissions. Tight spreads help investors to optimize profits. Spreads are transparent and shared in real-time. The company offers a 100% bonus on investor deposits of up to $2,000. 

The MT4 platform boasts a range of technical indicators and charting tools to help traders plan investment strategies. Use automated trading to avoid missing opportunities. 

The platform contains some excellent back-to-basic training for beginners along with intermediate and advanced educational facilities. A demo account allows new traders to practice trading without risking their own funds.

FXCC works off an electronic communication network (ECN), connecting market participants with funders. The ECN enables instant trading and direct contact with traders and funders. FXCC charges no trading commissions, and spreads are tight. 

Comparative Charges

Take a look at how FOREX.com and FXCC compare in price:

FOREX.com Research Offerings

• Forex calendar
• More than 90 market indicators
• Mobile charting and market analysis
• Multiple news channels and written content customizable to currency pairs

FXCC Research Offerings

• Economic calendar
• Forex news
• Technical data analysis
• Charts
• Traders’ blogs

Choosing the Best Forex Broker

If you’re looking for a low-cost broker, you won’t do much better than FXCC’s no commission, low spread fee structure. The company also requires no deposit and offers generous leverage, reducing the barriers to market entry. New traders can learn as they go using the extensive library of training materials and the demo model. Still, FXCC isn’t an option if you live in the U.S.

For the die-hard currency trader, the FOREX.com app offers 80-plus currency pairs. Traders can use MT4, MT5 or the FOREX.com proprietary web-based or desktop trading app. Active traders can qualify for volume discounts. New traders can benefit from demo trading and the carefully designed FOREX.com educational platform.      

Frequently Asked Questions