FreshForex
FXCM
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while FXCM was established in 1999 and is based in United States. FreshForex holds licences including SVGFSA 20623 IBC 2012, while FXCM is regulated by Financial Conduct Authority (FCA) among others. FreshForex serves 710,000+ clients worldwide; FXCM has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | FreshForex | FXCM |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | SVGFSA 20623 IBC 2012 | Financial Conduct Authority (FCA) |
| Founded | 2004 | 1999 |
| Country | Russia | United States |
| Clients | 710,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and FXCM, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | FreshForex | FXCM |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while FXCM supports MT4, MT5, cTrader. FreshForex supports social and copy trading features, which FXCM does not offer. FXCM edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | FXCM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex 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); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. FXCM scores higher overall in education and research.
| Feature | FreshForex | 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. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while FXCM supports 2 (bank transfer, credit/debit card). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | FXCM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 FreshForex and FXCM offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and FXCM supports 2, giving FXCM broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |