FXCM Vs. ActivTrader - Compare Trustworthiness, Capabilities, Fees and Legitimacy

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. 

**The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information.

TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD.

ActivTrades is a global broker founded in Switzerland in 2001 that specialises in providing CFDs on stocks, ETFs, currencies, indices, commodities and cryptocurrencies along with their own proprietary platform and MT4 & 5.

• Professional algorithmic traders looking to benefit from their comprehensive API offering.

• Beginner and intermediate traders looking for a simple and powerful platform
• Experienced currency traders looking to exploit the tight spreads
• CFD traders looking for an de-leveraged option to trade

• ASIC (Australia)
• CySec (Cyprus)
• FCA (United Kingdom)
• FSCA (South Africa)

• FCA (UK)
• SCB (Bahamas)
• CSSF (Luxembourg)

• Comprehensive API offering with a variety of conditions and programming languages at no additional cost
• Proprietary platform (Trading Station)

• Great and intuitive proprietary platform
• MT4 and MT5 offered
• Low currency spreads

• Lack of asset variety in their offering (over 463+ financial instruments)
• Costly spreads when compared to similar competitors

• Asset offering is small when compared to similar competitors
• Commissions are charged
• Cryptocurrency trading is disabled during weekends

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill

• Visa
• Mastercard
• Neteller
• Skrill
• Sofort
• Bank Transfer

RU, US, CA, JP, SK, BE and more.

US, CA, SY, IR.

50 units of the account's base currency yearly after 1 year of inactivity.

$10 monthly after 1 year of inactivity.

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

Yes depending on method:

• Credit and Debit cards have a 1.5% fee

Only for bank transfer withdrawals (9 GBP each)

Yes depending on asset:

• For European shares (excluding London) there are fees of 0.05% of the transaction value (minimum 1€) or 0.01% of the transaction value (minimum 5€)
• For London shares there are commissions of 0.10% of transaction value (minimum 1£)
• For New york and other international shares there are commissions of $0.02 per share (minimum $1)

Along specific commissions per asset there can be market data fees such as 1€ monthly for New york exchanges or others.