Forest Park FX
FXCM
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Overview
Forest Park FX was founded in 2008 and is headquartered in United Kingdom, while FXCM was established in 1999 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Forest Park FX serves 10,000+ clients worldwide; FXCM has 10,000+. The minimum deposit is $10 at Forest Park FX and $1 at FXCM.
| Feature | Forest Park FX | FXCM |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
| Founded | 2008 | 1999 |
| Country | United Kingdom | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forest Park FX and FXCM, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $10 at Forest Park FX). Forest Park FX charges withdrawal fees while FXCM does not, a notable advantage for frequent withdrawers. Forest Park FX applies inactivity fees on dormant accounts; FXCM does not. Forest Park FX charges deposit fees; FXCM does not. Overall, FXCM scores higher on fees in our assessment.
| Feature | Forest Park FX | FXCM |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Forest Park FX offers MT4, MT5, cTrader, while FXCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forest Park FX supports social and copy trading features, which FXCM does not offer. The two brokers are closely matched on platform offering.
| Feature | Forest Park FX | 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, Forex Trader Pro, Desktop, Web, Mobile | 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 Forest Park FX and FXCM compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. FXCM scores higher overall in education and research.
| Feature | Forest Park FX | FXCM |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forest Park FX 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 | Forest Park FX | 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 Forest Park FX 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 | Forest Park FX | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |