FXCM
fxglory
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Overview
FXCM was founded in 1999 and is headquartered in United States, while fxglory was established in 2013 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. FXCM serves 10,000+ clients worldwide; fxglory has 1,000,000+. The minimum deposit is $1 at FXCM and $250 at fxglory.
| Feature | FXCM | fxglory |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F244 |
| Founded | 1999 | 2013 |
| Country | United States | Cyprus |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between FXCM and fxglory, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $250 at fxglory). fxglory charges withdrawal fees while FXCM does not, giving FXCM an edge for frequent withdrawers. fxglory applies inactivity fees on dormant accounts; FXCM does not. fxglory charges deposit fees; FXCM does not. Overall, FXCM scores higher on fees in our assessment.
| Feature | FXCM | fxglory |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
FXCM offers MT4, MT5, cTrader, while fxglory supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxglory supports social and copy trading features, which FXCM does not offer. The two brokers are closely matched on platform offering.
| Feature | FXCM | fxglory |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FXCM and fxglory 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 | FXCM | fxglory |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FXCM accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while fxglory supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxglory uniquely supports PayPal and Skrill and Neteller among the two brokers. fxglory scores higher on deposit and withdrawal flexibility.
| Feature | FXCM | fxglory |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FXCM and fxglory offer live chat support. Both provide phone support. Email support is available at both brokers. FXCM supports 2 languages and fxglory supports 8, giving fxglory broader global reach. Both brokers are comparable on support quality.
| Feature | FXCM | fxglory |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |