ForexVox
FXCM
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Overview
ForexVox was founded in 2019 and is headquartered in UK, while FXCM was established in 1999 and is based in United States. ForexVox holds licences including Financial Conduct Authority (FCA) in the United Kingdom, while FXCM is regulated by Financial Conduct Authority (FCA) among others. ForexVox serves 10,000+ clients worldwide; FXCM has 10,000+. The minimum deposit is $0 at ForexVox and $1 at FXCM.
| Feature | ForexVox | FXCM |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 | Financial Conduct Authority (FCA) |
| Founded | 2019 | 1999 |
| Country | UK | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexVox and FXCM, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $1 at FXCM). ForexVox charges withdrawal fees while FXCM does not, a notable advantage for frequent withdrawers. The two brokers are broadly comparable on fee structure.
| Feature | ForexVox | FXCM |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ForexVox offers MT4, MT5, while FXCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ForexVox supports social and copy trading features, which FXCM does not offer. FXCM edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexVox | FXCM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5 | 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 ForexVox and FXCM compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. FXCM integrates third-party research tools (Trading Central, Autochartist); ForexVox does not. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | ForexVox | FXCM |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexVox accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while FXCM supports 2 (bank transfer, credit/debit card). ForexVox uniquely supports PayPal and Skrill and Neteller among the two brokers. ForexVox scores higher on deposit and withdrawal flexibility.
| Feature | ForexVox | FXCM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexVox and FXCM offer live chat support. Both provide phone support. Email support is available at both brokers. ForexVox supports 4 languages and FXCM supports 2, giving ForexVox broader global reach. Both brokers are comparable on support quality.
| Feature | ForexVox | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Russian, Indonesian, Malaysian | English, and Chinese |