FXCM
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74-89% of retail CFD accounts lose money.

Vs.

FP Markets
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75.31% of retail CFD accounts lose money.

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

Updated May 13 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

75.31% 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.

FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
  • Professional traders looking for DMA pricing on their stocks
  • Professional traders looking to set up a dedicated VPS
  • High volume share traders that benefit from DMA pricing
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

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (St. Vincent and the Grenadines)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Customisable or removable leverage
  • Broad asset offering (10,000 +)
  • Competitive forex commissions
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • No ETFs are offered
  • Stock trading commissions are expensive when compared to similar brokers
  • Website is slow and confusing
  • Fees for the majority of deposit and withdrawal methods
Status
Operational Operational
Recent News
N/A N/A
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 (FXCM Group) 2005
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method) $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
  • Paypal
  • Neteller
  • Skrill
  • FasaPay
  • PayTrust
  • China Union Pay
  • Bpay
  • Broker to broker
  • Sticpay
  • Plusdebit
  • Rupee Payments
  • Dragonpay
  • Perfect Money
  • Paylivre
  • Rapyd
  • Finrax
  • Fairpay
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
RU, US, CA, JP, SK and more. US, JP, BE, NZ, SY.
📊 STP Account
No Yes
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

📙 Stocks
200+ 10,000 +
📘 Currency Pairs
39 63
📗 Commodities
11 15
📕 Indices
15 17
📔 ETFs
N/A 295
💸 Cryptocurrencies

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

11
📒 Bonds
N/A 2
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
All of FXCM's assets are CFDs. All FPMarkets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 share Varies by Stock
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 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) Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
📉 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 1:30
💪 Professional Leverage
Up to 1:500 (Varies) Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No Yes
🎓 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 Yes depending on method (Eg: Not for credit cards)
💰 Withdrawal Fees

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

Yes depending on method (Eg: Not for credit cards)
💰 Commissions
No

Commissions vary as follows:

  • Standard account has none
  • Raw account has a $3 per lot commission
  • For IRESS accounts there are various commission structures ranging from 0.1% to 0.08% with a minimum $10 charge.
Spreads
📈 EUR/USD
From 1.2 Pips (As per our research) Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 58 Pips (As per our research) Dynamic - From 40 to 60 Pips
📈 GOLD
Dynamic - From 41 Pips (As per our research) Dynamic - From 0 to 31 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research) Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $51 (As per our research) Dynamic - From $9 to $21
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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