Updated May 13 2022
Overview | |
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FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. |
FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 3 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1999 (FXCM Group) | 2009 |
💳 Minimum Deposit | |
€, £, $ - 50 (Varies by payment method) | From $1 to $1,000 |
💰 Payment Methods | |
💵 Account Base Currencies | |
4 - EUR GBP, USD, CHF. | 3 - EUR, USD, AUD. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
RU, US, CA, JP, SK and more. | JP, US, CA, MY, IL, IR. |
📊 STP Account | |
No | Yes |
📊 DMA Account | |
No | No |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
200+ | 104 |
📘 Currency Pairs | |
39 | 102 |
📗 Commodities | |
11 | 8 |
📕 Indices | |
15 | 12 |
📔 ETFs | |
N/A | N/A |
💸 Cryptocurrencies | |
6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK) |
28 |
📒 Bonds | |
N/A | N/A |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | N/A |
📝 Notes: | |
All of FXCM's assets are CFDs. | All of FBS assets are CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 share | $1,000 - 0.01 Lots |
📉 Minimum ETFs Trade Size | |
N/A | N/A |
📈 Minimum Crypto Trade Size | |
1 unit of any cryptocurrency | $1,000 - 0.01 Lots |
📉 Minimum FX Trade Size | |
$1000 (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 | |
N/A | N/A |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:3000 |
💪 Professional Leverage | |
Up to 1:500 (Varies) | N/A |
✍ Customisable Leverage | |
No | Yes |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | Yes |
👫 Social Trading | |
Yes | Yes |
🔑 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. |
No |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
No |
💰 Commissions | |
No | FBS commissions vary per account type as follows:
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Spreads |
📈 EUR/USD | |
From 1.2 Pips (As per our research) | From 0 to 3 Pips based on account type |
📉 SP500 | |
Dynamic - From 58 Pips (As per our research) | Dynamic - From $1.7 |
📈 GOLD | |
Dynamic - From 41 Pips (As per our research) | Dynamic - From 32 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.04 (As per our research) | Dynamic - From $0.08 |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
Dynamic - From $51 (As per our research) | Dynamic - From $104 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | No |
📡 Reuters Feed | |
No | No |