FXCM
NordFX
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Overview
FXCM was founded in 1999 and is headquartered in United States, while NordFX was established in 2008 and is based in Mauritius. FXCM holds licences including Financial Conduct Authority (FCA), while NordFX is regulated by VFSC (15008) among others. FXCM serves 10,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $1 at FXCM and $10 at NordFX.
| Feature | FXCM | NordFX |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Regulation | Financial Conduct Authority (FCA) | VFSC (15008) |
| Founded | 1999 | 2008 |
| Country | United States | Mauritius |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FXCM and NordFX, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $10 at NordFX). Neither broker charges withdrawal fees. NordFX applies inactivity fees on dormant accounts; FXCM does not. The two brokers are broadly comparable on fee structure.
| Feature | FXCM | NordFX |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
FXCM offers MT4, MT5, cTrader, while NordFX supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. NordFX supports social and copy trading features, which FXCM does not offer. FXCM edges ahead on platform breadth and functionality in our scoring.
| Feature | FXCM | NordFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| 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, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FXCM and NordFX compare. FXCM runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. FXCM publishes daily market commentary; NordFX does not. FXCM integrates third-party research tools (Trading Central, Autochartist); NordFX does not. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | FXCM | NordFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). NordFX uniquely supports Skrill and Neteller among the two brokers. NordFX scores higher on deposit and withdrawal flexibility.
| Feature | FXCM | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| 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 NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. FXCM supports 2 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | FXCM | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |