Binary.com
FXCM
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Overview
Binary.com was founded in 2014 and is headquartered in United States, while FXCM was established in 1999 and is based in United States. Binary.com holds licences including Unregulated, while FXCM is regulated by Financial Conduct Authority (FCA) among others. Binary.com serves 10,000+ clients worldwide; FXCM has 10,000+. The minimum deposit is $250 at Binary.com and $1 at FXCM.
| Feature | Binary.com | FXCM |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2014 | 1999 |
| Country | United States | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary.com and FXCM, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Binary.com). Binary.com charges withdrawal fees while FXCM does not, a notable advantage for frequent withdrawers. Binary.com applies inactivity fees on dormant accounts; FXCM does not. Binary.com charges deposit fees; FXCM does not. Overall, FXCM scores higher on fees in our assessment.
| Feature | Binary.com | FXCM |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Binary.com offers MT4, MT5, cTrader, while FXCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binary.com supports social and copy trading features, which FXCM does not offer. The two brokers are closely matched on platform offering.
| Feature | Binary.com | FXCM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,iOS,MacBook,iPhone | MT4, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binary.com and FXCM compare. FXCM runs regular live webinars; Binary.com does not. Both provide video tutorials. FXCM publishes daily market commentary; Binary.com does not. Both integrate third-party research tools. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | Binary.com | FXCM |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Binary.com accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while FXCM supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Binary.com | FXCM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Binary.com and FXCM offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Binary.com | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |