FXCM vs tastytrade (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

FXCM

Trust rank #9 · Founded 1999

FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.

Read the FXCM review

tastytrade

Trust rank #22 · Editorial rating 9.1 / 10 · Founded 2017

tastytrade provides forex trading through its tastyfx platform, offering access to a wide range of currency pairs on an intuitive interface with built-in tools and education. It delivers a focused, platform-driven forex…

Read the tastytrade review

FXCM (United Kingdom, founded 1999) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. tastytrade (United States, founded 2017) holds 2 regulatory licences (CFTC, NFA), 2 of them tier-1, offers Proprietary and sits in our medium-fee bracket. The two overlap in 53 countries; FXCM is available in 173 countries where tastytrade is not, and tastytrade in 3 where FXCM is not.

Verdict at a glance

  • FXCM leads on trust rank, track record, regulatory coverage, platform choice, instrument range, country coverage and fee level.
  • Level on tier-1 licences.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

FXCM vs tastytrade: side-by-side data

CriteriaFXCMtastytrade
Editorial ratingNot verified9.1 / 10
Trust rank#9#22
Founded19992017
HeadquartersUnited KingdomUnited States
RegulatorsASIC, CySEC, FCA, FSCACFTC, NFA
Broker typeSTPMarket Maker
PlatformsMT4, Proprietary, TradingViewProprietary
InstrumentsCommodities, Cryptocurrencies, Forex, IndicesForex
Countries accepted226 countries56 countries
Fee levelLowMedium
Trading typesCFD Trading, Spot TradingSpot Trading
Best-for use casesProfessional Trading, Retail TradingRetail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

FXCM

  • FCA- and ASIC-regulated; segregated client funds
  • NDD/STP agency execution; deep liquidity
  • Trading Station and MT4; advanced charting and order types
  • REST/FIX APIs and Python SDK; VPS support for algos
  • Broad instrument range: FX, indices, commodities, crypto CFDs

tastytrade

  • NFA/CFTC-regulated US forex trading
  • Competitive, spread-only pricing
  • Fast execution on robust web and mobile platforms
  • Broad selection of major, minor, and exotic pairs
  • Rich trader education and market content

Cons

FXCM

  • Not available to U.S. clients
  • Inactivity fee
  • Limited product range
  • Best pricing requires high balance/volume
  • Offshore unregulated entity exposure

tastytrade

  • No spot forex (futures-only FX)
  • Limited FX pairs vs spot brokers
  • No MetaTrader/cTrader (proprietary platform only)
  • Higher costs per trade (exchange/clearing/NFA fees)
  • Fixed contract sizes; no micro-lot position sizing

Key features

FXCM

  • STP No Dealing Desk Forex Execution
  • Multi Asset Forex and CFD Trading
  • Trading Station MetaTrader 4 NinjaTrader and TradingView Integration
  • REST and FIX API and VPS for Algorithmic Trading
  • FCA ASIC and FSCA Regulation with Segregated Funds and Negative Balance Protection
  • Active Trader Account with Volume Based Pricing

tastytrade

  • CFTC and NFA regulated RFED via IG US LLC
  • Spot forex only no CFDs
  • US compliant leverage 50 to 1 majors 20 to 1 minors
  • Proprietary tastyfx platforms with advanced charting
  • Two factor authentication for account access
  • Spread only pricing with variable spreads

Country availability: FXCM vs tastytrade

Available at both (53): Andorra, Argentina, Austria, Bahrain, Brazil, Chile, Colombia, Czechia, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, French Polynesia, Germany, Greece, Hungary, Iceland, Indonesia, Ireland, Isle of Man, Israel, Italy, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Romania, San Marino and 13 more.

Only FXCM (173): Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla, Antigua and Barbuda, Armenia, Aruba, Australia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brunei, Bulgaria, Burkina Faso and 148 more.

Only tastytrade (3): Belgium, India, United States of America.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

FXCM vs tastytrade: common questions

Which broker is more regulated, FXCM or tastytrade?

FXCM holds more regulatory licences: FXCM (ASIC, CySEC, FCA, FSCA) versus tastytrade (CFTC, NFA). Tier-1 licences: FXCM 2, tastytrade 2.

Which trading platforms do FXCM and tastytrade offer?

FXCM offers MT4, Proprietary, TradingView; tastytrade offers Proprietary.

Which has lower fees, FXCM or tastytrade?

FXCM is in the lower fee bracket (low vs medium) in our catalogue.

Which is older, FXCM or tastytrade?

FXCM is the older of the two, founded in 1999; tastytrade was founded in 2017.

Are FXCM and tastytrade available in the same countries?

They overlap in 53 countries. FXCM is additionally available in 173 countries (Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla and 167 more) and tastytrade in 3 countries (Belgium, India, United States of America).

Keep comparing

FXCM

tastytrade

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.