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. |
Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments. |
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 10 Other Licenses 1 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 - 3 Days |
📋 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) | 1978 |
💳 Minimum Deposit | |
€, £, $ - 50 (Varies by payment method) | $ - 0 |
💰 Payment Methods | |
💵 Account Base Currencies | |
4 - EUR GBP, USD, CHF. | 23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK |
🗽 Available to U.S Citizens | |
No | Yes |
❌ Restricted Countries | |
RU, US, CA, JP, SK and more. | AF, SY, SO, SD, LY, NG, BI. |
📊 STP Account | |
No | Yes |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
200+ | 78 markets |
📘 Currency Pairs | |
39 | 105 |
📗 Commodities | |
11 | 35 markets |
📕 Indices | |
15 | 13 |
📔 ETFs | |
N/A | 13,000+ |
💸 Cryptocurrencies | |
6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK) |
4 |
📒 Bonds | |
N/A | 60,000+ |
📓 Options | |
N/A | 33 markets |
📗 Futures | |
N/A | 32 markets |
📝 Notes: | |
All of FXCM's assets are CFDs. | Interactive brokers provides real assets (equities) from more than 100+ markets (exchanges) across the world and also provides CFDs (in allowed regions). |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 share | From 1 share - except for exchanges that allow fractional trading (US stock exchanges) |
📉 Minimum ETFs Trade Size | |
N/A | N/A for EU Citizens |
📈 Minimum Crypto Trade Size | |
1 unit of any cryptocurrency | No minimum, but minimum fee is $1.75 per order |
📉 Minimum FX Trade Size | |
$1000 (0.01 Lots) | $25,000 (0.25 lots) |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 1 Troy ounce of Gold) | Varies per commodity (eg: 1 Ounce of Gold) |
📉 Minimum Bonds Trade Size | |
N/A | $1,000 for corporate/muni bonds, $1 million for treasury bonds |
📈 Minimum Futures Trade Size | |
N/A | 1 contract |
📉 Minimum Options Trade Size | |
N/A | 1 contract |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 (Varies) | N/A |
✍ 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 |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 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. |
No |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
One free withdrawal per month, subsequent are $10 per withdrawal or equivalent |
💰 Commissions | |
No | Commissions depend on market and residency:
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Spreads |
📈 EUR/USD | |
From 1.2 Pips (As per our research) | Dynamic - From 0.1 pips |
📉 SP500 | |
Dynamic - From 58 Pips (As per our research) | Dynamic - From 1 Pip |
📈 GOLD | |
Dynamic - From 41 Pips (As per our research) | N/A |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.04 (As per our research) | Dynamic - From $0.50 |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
Dynamic - From $51 (As per our research) | N/A | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | Yes |