FXCM
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77% of retail CFD accounts lose money.

Vs.

Freedom Finance
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FXCM Vs. Freedom Finance - Compare and Choose the Right One

Updated Sep 14 2022

Visit

77% of retail CFD accounts lose money.

Visit

Your capital is at risk.

Overview

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

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

Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
  • Real equities traders looking to day-trade stocks, options, futures and ETFs
  • Long term investors looking to build a stocks or ETFs portfolio
  • Experienced investors that know which assets they are looking for
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

2

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • BaFin (Germany)
  • SEC (United States)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Over 1,500,000+ assets from several exchanges worldwide
  • All assets are real equities (they do not provide CFDs)
  • InvestIdeas section with great analysis on several high potential stocks
  • 3% per year in their savings D-account (Daily interest accrual)
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • The use of SMSs codes for authentication of basic operations can be an issue for frequent international travellers
  • Freedom Finance does not offers currencies, cryptocurrencies or spot commodities
  • No stock screener or tools to research and analyse stocks efficiently
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 (FXCM Group) 2008
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method) 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

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

  • Visa
  • Mastercard
  • Bank Transfers
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 3 - EUR, USD, GBP.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries
RU, US, CA, JP, SK and more. SY, IR.
📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

Real stocks, ETFs, bonds, futures and options.

📙 Stocks
200+ 58,571
📘 Currency Pairs
41 N/A
📗 Commodities
11 N/A
📕 Indices
16 N/A
📔 ETFs
N/A 1,500
💸 Cryptocurrencies
17 (Not for UK Clients) N/A
📒 Bonds
N/A 191,959
📓 Options
N/A 1,153,234
📗 Futures
N/A 6,020
📝 Notes:
All of FXCM's assets are CFDs.

All of Freedom Finance’s assets are real equities, they do not provide CFDs.

Trading Experience
📈 Minimum Stock Trade Size
1 share 1 Share
📉 Minimum ETFs Trade Size
N/A 1 ETF
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency N/A
📉 Minimum FX Trade Size
$1000 (0.01 Lots) N/A
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) N/A
📉 Minimum Bonds Trade Size
N/A 1 Contract
📈 Minimum Futures Trade Size
N/A 1 Contract
📉 Minimum Options Trade Size
N/A 1 Contract
💪 Retail Leverage
Up to 1:30 Up to 1:3
💪 Professional Leverage
Up to 1:500 (Varies) N/A
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
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.

No
💰 Deposit Fees
No

Yes, up to 2.5% for credit / debit cards.

💰 Withdrawal Fees

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

Yes, 7€ for bank transfers.

💰 Commissions
No

Yes and the vary per account:

In their all inclusive USD account they charge,

  • 0.5% + $0.012 per share with a minimum  of $1.2 per trade
  • $0.65 per USA stock options contract
  • 12% for margin lending

In their Smart in EUR account they charge,

  • 0.02€ per share with a minimum of 2€ per trade
  • $0.65 per USA stock options contract
  • 12% for margin lending
  • €0.05 for each SMS notification

In their Fix in EUR account, they charge,

  • 10€ Monthly account fee
  • 0.012€ per share with a minimum of 1.2€ per trade
  • $0.65 per USA stock options contract
  • 12% for margin lending
  • €0.03 for each SMS notification
Spreads
📈 EUR/USD
From 1.2 Pips (As per our research) N/A
📉 SP500
Dynamic - From 58 Pips (As per our research) N/A
📈 GOLD
Dynamic - From 41 Pips (As per our research) N/A
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research) Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
Dynamic - From $51 (As per our research) N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No