Capital.com vs FXCM: Comparison and Analysis

Capital.com vs FXCM: A Comparison of Two Brokers

When choosing a broker, it’s essential to consider several factors such as security, demo, account opening, social-copy trading, markets, trading fees, platforms, education/customer care. This article compares two brokers, Capital.com and FXCM, based on these factors.

Security

Both Capital.com and FXCM are well-regulated brokers with multiple licences, ensuring they meet strict guidelines set by financial authorities. Capital.com is regulated by FCA, CySEC, ASIC, FSA, SCB, and NBRB, while FXCM is regulated by FCA, ASIC, FSCA, CySEC, ISA, and IIROC. Both brokers have a security rating of 94, which is a good score.

Demo

Capital.com and FXCM offer unlimited demo accounts, enabling traders to practise their skills and strategies without risking real money. Capital.com allows clients to top up their virtual funds any time they run low, and traders can access virtual funds from $1,000 to $100,000. On the other hand, FXCM provides virtual funds of $50,000, and traders can open multiple demo accounts using the same email address.

Account Opening

Capital.com has a minimum deposit requirement of $20, while FXCM requires $50 for non-EU clients and $300 for UK and EU clients. Both brokers offer various account types, including standard accounts, spread betting accounts, and professional accounts. Capital.com accepts multiple account currencies, including EUR, PLN, USD, GBP, and AUD, while FXCM accepts USD, EUR, GBP, AUD, and CHF. Both brokers provide various payment methods, including wire transfers, credit/debit cards, and eWallets.

Social-Copy Trading

Capital.com allows social trading via the third-party platform Tradingview, while FXCM supports copy-social trading through third-party platforms such as ZuluTrade and Tradingview. Traders can access social-copy trading services and share their strategies with other traders.

Markets

Capital.com provides access to over 3,000 shares, 125 cryptocurrencies, 124 forex pairs, 22 indices, and 22 commodities, all offered as CFDs. FXCM provides access to 15 stocks, seven cryptocurrencies, 39 forex pairs, nine commodities, and 13 indices, all provided as CFDs. Capital.com has a broader range of markets, making it a more suitable option for traders who prefer to trade multiple assets.

Trading Fees

Both brokers offer variable spreads, but Capital.com provides lower spreads, starting from 0.6 pips on forex, which is below the market average. In contrast, FXCM’s spreads start from 1.3 pips on forex, which is above the market average. FXCM doesn’t charge any commission on shares, only the spread, while Capital.com’s spreads on shares start from 0.09%.

Platforms

Capital.com has a proprietary platform available via desktop and mobile and also offers MetaTrader 4 (MT4) available via desktop, mobile, and web. On the other hand, FXCM offers Trading Station, a proprietary platform available via desktop, web, and mobile, and MT4 available via webtrader, desktop, and mobile. Both brokers provide clients with a user-friendly and intuitive platform that is easy to navigate.

Education/Customer Care

Capital.com offers a learning hub with trading basics, CFD guides, a trading glossary, trading courses, FAQs, market guides, and trading strategy guides. FXCM provides FAQs, trading guides, and a research section. Both brokers have an easy-to-contact customer care team through phone, email, and live chat.

Conclusion

Both Capital.com and FXCM are well-regulated brokers with good security ratings. However, Capital.com stands out with its broader range of markets, lower spreads, and lower minimum deposit requirement, making it a better choice for traders who prefer to trade multiple assets and have a limited budget. Additionally, Capital.com offers a proprietary platform that is easy to use and navigate, as well as access to MT4, which is a popular trading platform among traders. The broker also provides excellent educational resources and customer support.