In this head to head, Admirals and FXCM duel over regulation breadth, instrument variety, and pricing. The outcome hinges on which factor traders value most.
Admirals edges FXCM on the overall editorial score and instrument variety. Admirals offers 8,000 instruments and broader regulation (FCA, ASIC, CySEC, KNF) compared with FXCM's FCA and ASIC.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
FXCM offers tighter spreads from 0.40 pips vs 0.50 pips for Admirals, reducing trading costs.
| Editorial score | 4.3/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.1 / 5 |
Pros
Extensive range of accounts including Zero, Trade, and Invest
Strong FCA and CySEC regulation covering EU and UK traders
High-quality educational content including live webinars
Zero account offers spreads from 0.5 pips with $6 round-turn commission
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Admirals | FXCM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: Admirals rates 4.3/5 and FXCM rates 4.1/5. Admirals 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.
FXCM starts from 0.4 pips, tighter than Admirals's 0.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
FXCM has $50, while Admirals requires at least $100. This makes FXCM more accessible for traders with limited starting capital.
Both Admirals and FXCM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker'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 brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Admirals lists maximum leverage of 500:1, while FXCM lists up to 400:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Admirals charges $6 per lot on commission-based accounts. Commission details for FXCM are not currently available. Check their website for up-to-date pricing.
Admirals supports MetaTrader 5, MetaTrader 4, while FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader. Both provide MetaTrader 4. Admirals has exclusive access to MetaTrader 5. FXCM has exclusive access to ZuluTrade and Proprietary Web/Mobile and NinjaTrader.
Admirals wins for safety & regulation due to broader licensing including KNF and CySEC beyond FXCM's FCA/ASIC.
FXCM is best for active traders due to strong APIs and proprietary Trading Station alongside MT4.
Admirals is better suited for scalpers: raw/ECN spreads available.
FXCM wins for platform choice with both MT4 and a proprietary Trading Station.
FXCM is better for beginners due to a lower $50 minimum deposit.
Admirals wins for instrument variety with about 8,000 options.
Fees & Spreads 30% weight | 4.4 / 5▲ | 4.2 / 5 |
|---|
Platforms & Tools 20% weight | 4.2 / 5 | 4.2 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2001 | 1999 |
|---|
| Headquarters | Tallinn, Estonia | London, United Kingdom |
|---|
| Min Deposit | $100 | $50▼ lower |
|---|
| Spreads From | 0.5 pips | 0.4 pips▼ lower |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 1.1 pips | N/A |
| Max Leverage | 500:1▲ higher | 400:1 |
|---|
| Inactivity Fee | $10/month (after 24 months)▼ lower | $50/month (after 12 months) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrill |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrill |
|---|
| Withdrawal Fee | Free | Free for first per month |
|---|
| Regulators | FCA ASIC CySEC KNF | FCA ASIC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | ZuluTrade Proprietary Web/Mobile MetaTrader 4 NinjaTrader |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Platform-heavy, MT4 and MT5 only, no proprietary platform
Customer support quality varies by region
Not available to US clients
Inactivity fee applies
Cons
Withdrew from US market in 2017
No raw spread account option
Inactivity fee applies
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
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