FXCMvs
FXOpenCrypto Exchange Comparison
Two FCA- and ASIC-regulated CFD brokers face off in a clash of platform depth and support options. The axis of tension centers on live chat availability and coin depth.
Our Verdict
FXCM winsby 0.2 pts
FXCM offers 24/5 live chat while FXOpen does not.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXCM offers 24/5 live chat; FXOpen does not.
- 2FXOpen lists 8 coins; FXCM lists 4 coins.
- 3FXCM uses NinjaTrader and Trading Station; FXOpen uses MT4/MT5 and cTrader.
Verdict by Trader Profile
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Best for security
It’s a tie
Both equally suited
FXOpen is regulated by FCA, CySEC, and ASIC, offering broader regulatory coverage.
Best for low fees
Recommended
FXOpen edges on fees and spreads based on category scores.
FXCM vs FXOpen: Side-by-Side Crypto Exchange Comparison
| Criteria |  FXCM |  FXOpen |
|---|---|---|
| Editorial score | 3.8/ 5 | 3.6/ 5 |
| Min Deposit | $50▼ lower | $100 |
| Spreads From | 0.4 pips | 0 pips▼ lower |
| Taker Fee | N/A | 3.00% |
FXCM vs FXOpen Crypto Exchange Pros & Cons
Pros
- FCA and ASIC regulated, high regulatory standard with FSCS protection
- Trading Station with professional quantitative analysis tools (FXCM Apps)
- Long track record since 1999 in institutional-grade retail trading
Cons
- Banned from US market (CFTC action 2017), not available to US clients
- Crypto selection is limited to major pairs
FXCM vs FXOpen: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
1
FXCM
criteria win
0
FXOpen
criteria wins
Highlighted rows show where the two exchanges differ
| Criteria | FXCM | FXOpen |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Fail |
| Proof of reserves published | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Pass | Pass |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
FXCM vs FXOpen: Frequently Asked Questions
The scores are close: FXCM rates 3.8/5 and FXOpen rates 3.6/5. FXCM has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXOpen lists a lower spread from 0, compared with FXCM's 0.4. Crypto trading costs are typically quoted as a percentage of the trade value; check each exchange's full fee schedule, as maker/taker rates and volume discounts vary.
FXCM has $50, while FXOpen requires at least $100. This makes FXCM more accessible for traders looking to start with a smaller crypto investment.
Both FXCM and FXOpen hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each exchange's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: FXCM requires a lower minimum deposit ($50), lowering the barrier to entry, and both exchanges provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXCM offers up to 2:1 on perpetual or margin products, versus FXOpen's 2:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
FXOpen charges $3 per trade on commission-based accounts. Commission details for FXCM are not currently available. Check their website for up-to-date pricing. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while FXOpen supports cTrader, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. FXCM has exclusive access to ZuluTrade and Proprietary Web/Mobile and NinjaTrader. FXOpen has exclusive access to cTrader and MetaTrader 5.
