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FXCC , GMI Edge Broker Comparison
Do you want to know which is the better broker between FXCC and GMI Edge ?
In the table below, you can compare the features of FXCC , GMI Edge side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
4.6
Regulated
Under guarantee
15-20 years
CYSEC
VISA,Neteller,Skrill,BANK WIRE TRANSFER,SOFORT,RAPID,paysafecard
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
ECN Advanced,ECN XL,ECN Standard
--
100.000
1:200
--
0.00
--
0.01
--
1.58
Unverified
Under guarantee
--
--
5-10 years
VFSC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Standard (Bonus),ECN,Cent,Standard
--
$25
--
--
60.00
Variable
0.01
--
FXCC 、 GMI Edge BrokerRelated News
FXCC BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do fxcc and gmi-edge have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
fxcc
| FXCC Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | Forex, gold, silver |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | 24/5 support |
| Tel: +35725870750; +357 25 025001 | |
| Address：Amorosa Centre, 2nd floor, 2 Samou Street, 4043 Yermasoyia, Limassol, Cyprus | |
FXCC Information
FXCC is a regulated broker, offering trading on forex, gold, and silver with leverage up to 1:200 on the MT4 platform. The minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Demo accounts | Limited trading products |
| MT4 platform | Deposit/withdrawal fees charged |
| Regulated by CYSEC | |
| Long operational history |
Is FXCC Legit?
Yes. FXCC is licensed by Cyprus Securities and Exchange Commission (CySEC) with license number 121/10 to offer services.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Cyprus | CYSEC | Regulated | FX Central Clearing Ltd | Straight Through Processing (STP) | 121/10 |
What Can I Trade on FXCC?
FXCC offers trading in forex, gold, and silver.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Gold | ✔ |
| Silver | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
FXCC offers a range of ECN accounts to suit all traders and offers demo accounts. And the ECN standard account offers extra benefits: zero deposit fees.
| Account Type | Minimum Deposit |
| ECN Standard | $10,000 |
| ECN XL | $100 |
| ECN Advanced | $100,000+ |
Leverage
The broker offers maximum leverage at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
| Account Type | Maximum Leverage |
| ECN Standard Account | 1:30 |
| ECN XL Account | 1:30 |
| ECN Advanced Account | 1:200 |
FXCC Fees
ECN accounts have only a small spread, and you can use a demo account to see real-time spreads on the platform or calculate spreads using a trading calculator. No commission fees are charged.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, mobile, web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
| Payment Options | Accepted Currencies | Deposit Fees | Withdrawal Fees |
| Bank wire | USD, EUR, GBP | 2-5 | 18 |
| Neteller | 3.2% + 0.29 | 2.0% | |
| Skrill | 0.49 | ||
| Visa | 2.0% | ||
| Sofort | 2.5% + 0.29 | 0.49 | |
| Rapio | 2.0% + 0.29 | ||
| Paysafe card | 9.0% + 0.29 | Bank Wire Fee |
gmi-edge
| GMI Edge Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Vanuatu |
| Regulation | VFSC (Unverified) |
| Market Instruments | Gold, Oil, Silver, Forex, Indices, and Stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4, MT5, GMI EDGE, Multi - Account Manager (MAM) |
| Minimum Deposit | $15 |
| Copy Trading | ✅ |
| Customer Support | 24/5 support |
| Email: cs.global@gmimarkets.com | |
| Contact form, live chat | |
| Regional Restrictions | the USA, EU, Sanctioned and High Risk Jurisdictions |
GMI Edge is a broker founded in 2009 and registered in Vanuatu with an unverified license from VFSC. It offers various instruments: Gold, Oil, Silver, Forex, Indices, and Stock CFDs. It also provides multiple account types: ECN Account, CENT Account, Standard Account, and a demo account, with a low minimum deposit of $15 (for the CENT account). Moreover, GMI Edge offers competitive spreads starting from 0.0 pips, high leverage of up to 1:2000, and access to MT4, MT5, GMI EDGE, and Multi-Account Manager (MAM).
Pros and Cons
| Pros | Cons |
| Demo account available | Unverified license |
| A wide range of products | Withdrawal fee charged |
| Multiple customer support channels | |
| Low minimum deposit | |
| MT4 & MT5 platform | |
| Copy trading supported |
Is GMI Edge Legit?
At present, GMI Edge holds a unverified Retail Forex License from the Vanuatu Financial Services Commission (VFSC). Please pay high attention to the safety of your funds if you choose this broker.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Vanuatu | Vanuatu Financial Services Commission (VFSC) | Unverified | Global Prime Limited | Retail Forex License | 14647 |
What Can I Trade on GMI Edge?
On GMI Edge, you can trade with Gold, Oil, Silver, Forex, Indices, and Stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
GMI Edge provides ECN Account, CENT Account, Standard Account, and Demo Account. And the min deposit requirement is as low as $15 (CENT account).
| Account Type | Minimum Deposit |
| ECN | $100 |
| CENT | $15 |
| Standard | $25 |
Leverage
The maximum leverage is up to 1:2000. However, note that high leverage amplifies both profits and losses.
| Account Type | Leverage |
| ECN | Up to 1:500 |
| CENT | Up to 1:1000 |
| Standard | Up to 1:2000 |
Fees
| Account Type | Spreads | Commission |
| ECN | 0.0 pips | $4 per lot |
| CENT | 0.0 pips | No Commission |
| Standard | 0.0 pips | No Commission |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, MacOS, iOS, Android, Web | Beginners |
| MT5 | ✔ | Windows, MacOS, iOS, Android | Experienced traders |
| GMI EDGE | ✔ | iOS, Android, Web | / |
| Multi-Account Manager (MAM) | ✔ | / | / |
Deposit and Withdrawal
| Payment Options | Deposit Fee | Minimum Deposit | Deposit Processing Time | Withdrawal Fee | Minimum Withdrawal | Withdrawal Processing Time |
| Local Bank Transfer | ❌ | 15 USD | Instant | ❌ | 50 MYR | Between 8 am to 6 pm daily |
| Neteller | ❌ | 10 USD | Instant | 4% | 10 USD | Instant |
| Skrill | ❌ | 10 USD | Instant | 4% | 10 USD | Instant |
Do fxcc and gmi-edge have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fxcc and gmi-edge are, we first considered common fees for standard accounts. On fxcc, the average spread for the EUR/USD currency pair is -- pips, while on gmi-edge the spread is --.
Which broker between fxcc, gmi-edge is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fxcc is regulated by CYSEC. gmi-edge is regulated by VFSC.
Which broker between fxcc, gmi-edge provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fxcc provides the ECN Advanced,ECN XL,ECN Standard platform with products like --; gmi-edge offers the Standard (Bonus),ECN,Cent,Standard platform featuring assets including --.
