FXCMvs
tastytradeForex Broker Comparison
FXCM and tastytrade face off in a cross venue comparison of regulation, fees, and trading platforms. The axis of tension centers on cost efficiency and platform strength.
Who should choose FXCM vs tastytrade?
Find out which broker best suits your trader profile.
Choose if…
Choose FXCM if you want 24/5 live chat support and MT4/MT5 access.
Choose if…
Choose tastytrade if you prefer no inactivity fee and access to up to 10,000 instruments.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXCM vs tastytrade: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.5 / 5▲ |
FXCM vs tastytrade Forex Broker Pros & Cons
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
FXCM vs tastytrade: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
FXCM
criteria wins
1
tastytrade
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FXCM | tastytrade |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
FXCM vs tastytrade: Frequently Asked Questions
The scores are close: FXCM rates 4.1/5 and tastytrade rates 4.3/5. tastytrade 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. Current spread data is not available for tastytrade. Check both brokers' websites for up-to-date pricing.
tastytrade has no minimum deposit, while FXCM requires at least $50. This makes tastytrade more accessible for traders with limited starting capital.
Both FXCM and tastytrade 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: tastytrade has no minimum deposit, removing the capital barrier entirely, and FXCM provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
FXCM lists maximum leverage of 400:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
tastytrade charges $1 per lot on commission-based accounts. Commission details for FXCM are not currently available. Check their website for up-to-date pricing.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while tastytrade supports Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. FXCM has exclusive access to ZuluTrade and MetaTrader 4 and NinjaTrader.
