Updated Jan 19 2023
Visit 77% of retail CFD accounts lose money. |
Visit 89.13% 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. **The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information. TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD. |
iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies. |
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 0 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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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 | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1999 | 2018 |
💳 Minimum Deposit Range | |
$50 | $200 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
4 - EUR GBP, USD, CHF. | 1 - EUR |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
RU, US, CA, JP, SK, BE and more. |
US, CA, SY, IR, JP. |
📊 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 | |
447 | 584 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 0 |
📙 Stock CFDs | |
341 | 400 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
41 | 50 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
14 | 19 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
19 | 32 |
📔 ETFs | |
0 | 0 |
📔 ETFs CFDs | |
0 | 42 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
22 | 41 |
📒 Bonds | |
0 | 0 |
📒 Bonds CFDs | |
10 | 0 |
📓 Options | |
0 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
0 | 0 |
📗 Futures CFDs | |
0 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | $2,500 in trade value |
📉 Minimum ETFs Trade Size | |
Unavailable | $2,500 in trade value |
📈 Minimum Crypto Trade Size | |
1 Unit | $2,500 in trade value |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $2,500 in trade value |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 1 Troy ounce of Gold) | $2,500 in trade value |
📉 Minimum Bonds Trade Size | |
Unavailable | Unavailable |
📈 Minimum Futures Trade Size | |
Unavailable | Unavailable |
📉 Minimum Options Trade Size | |
Unavailable | Unavailable |
💪 Retail Leverage | |
30 | 30 |
💪 Professional Leverage | |
400 | 500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | No |
📺 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. |
iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity. |
💰 Deposit Fees | |
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
None |
💰 Withdrawal Fees | |
None | No for credit cards but yes for bank wires (up to $20). |
💰 Commissions | |
None | None | Spreads |
📈 EUR/USD | |
Dynamic - From 1.2 Pips | Dynamic - From 0.7 Pips |
📉 SP500 | |
Dynamic - From 58 Pips | Dynamic - From 90 Pips |
📈 GOLD | |
Dynamic - From 41 Pips | Dynamic - From 35 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.04 | Dynamic - From $3 |
📈 XLK (ETF - CFD) | |
Unavailable | Dynamic - From 30 Pips |
📉 BTC | |
Dynamic - From $51 | Dynamic - From $120 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | No |
📡 Reuters Feed | |
No | No |
📡 Educational Content | |
Yes | No |
📡 Live Chat Support | |
Yes | No |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
No | Yes |
📡 Webinars | |
No | Yes |