FXCM
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77% of retail CFD accounts lose money.

Vs.

Alvexo
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77.88% of retail CFD accounts lose money.

FXCM Vs. Alvexo - Compare and Choose the Right One

Updated Oct 20 2022

Visit

77% of retail CFD accounts lose money.

Visit

77.88% of retail CFD accounts lose money.

Overview

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

Alvexo is a Cypriot broker founded and regulated in 2014 that specialises in CFDs trading via MT4 and their proprietary trading platform. As of August 3rd 2022, Alvexo's CySec license is partially suspended making them unavailable in French territory.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering.
  • At the moment, no user category is best served by Alvexo
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • FSAS (Seychelles)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Very simple and easy to use proprietary platform along with MT4
  • Trading Singals offered (untested)
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • High minimum deposit without any benefits for the requirement
  • Amongst the highest spreads we have seen for brokers in the same category
  • Asset offering is low (below 500 instruments)
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • 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.

📍 Year Founded
1999 2014
💳 Minimum Deposit Range
$50 500
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

  • Credit Card
  • Debit Card
  • Bank Transfer
  • Neteller
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 3 - EUR, USD, GBP
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

RU, US, CA, JP, SK.

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
285 443
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
200 337
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
41 54
📗 Commodities
0 0
📗 Commodities CFDs
11 13
📕 Indices
0 0
📕 Indices CFDs
16 15
📔 ETFs
0 0
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
17 22
📒 Bonds
0 0
📒 Bonds CFDs
0 2
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 Share
📉 Minimum ETFs Trade Size
Unavailable Unavailable
📈 Minimum Crypto Trade Size
1 Unit $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable 1 Bond
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 300
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

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

$10 monthly after 3 months of inactivity.

💰 Deposit Fees
None None
💰 Withdrawal Fees

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

None
💰 Commissions
None None
Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips From 2.9 Pips to 14 Pips
📉 SP500
Dynamic - From 58 Pips From 175 Pips to 100 Pips
📈 GOLD
Dynamic - From 41 Pips From 90 to 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 From $1.91 to $1.41
📈 XLK (ETF - CFD)
Unavailable Unavailable
📉 BTC
Dynamic - From $51 From $192.21
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No Yes
📡 Account Management
No Yes
📡 Webinars
No Yes