FXCM
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77% of retail CFD accounts lose money.

Vs.

Blueberry Markets
Visit

74-89% of retail CFD accounts lose money.

FXCM Vs. Blueberry Markets - Compare and Choose the Right One

Updated Oct 20 2022

Visit

77% of retail CFD accounts lose money.

Visit

74-89% 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.

Blueberry Markets is a young Australian broker founded in 2015 offering CFDs on all the basic asset classes with competitive low spreads.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering.
  • Cryptocurrency investors wishing to deposit with USDT to trade CFDs on traditional financial markets
  • Experienced traders interested in trading particular instruments using a big leverage factor
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

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • ASIC (Australia)
  • SCB (Bahamas)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Allows deposits using cryptocurrency USDT (Tether)
  • Leverage of up to 1:500 (for experienced traders)
  • Extremely competitive spreads
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • Their available asset offering is very low with less than 350 tradable assets
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 2015
💳 Minimum Deposit Range
$50 $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

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

  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Paypal
  • Skrill
  • USDT (Tether)
  • DragonPay
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 7 - USD, CAD, AUD, EUR, SGD, NZD, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

RU, US, CA, JP, SK.

AF, AS, AZ, BS, BI, CF, CN, CD, CG, CY, ET, ER, GU, IR, IQ, JP, KP, XK, LB, LY, MM, MP, PS, PR, SL, SO, SS, SD, SY, TT, SH, TN, UM, US, VI, VE, VN (can be accepted when referred by a partner), EH, YE, ZW.

📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
285 316
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
200 250
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
41 45
📗 Commodities
0 0
📗 Commodities CFDs
11 5
📕 Indices
0 0
📕 Indices CFDs
16 11
📔 ETFs
0 0
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
17 5
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 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 Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 500
💪 Professional Leverage
500 Unavailable
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

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

None
💰 Deposit Fees
None None
💰 Withdrawal Fees

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

None
💰 Commissions
None

Depending on account type:

  • Standard account has no commissions
  • Direct Account has a commission of $3.5 per lot
Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips Dynamic - From 0.1 Pips to 1 Pip
📉 SP500
Dynamic - From 58 Pips Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 41 Pips Dynamic - From 10 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 Dynamic - From $1
📈 XLK (ETF - CFD)
Unavailable Unavailable
📉 BTC
Dynamic - From $51 Dynamic - From $12
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
No Yes
📡 Webinars
No No