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

Vs.

Libertex
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70.8% of retail CFD accounts lose money.

FXCM Vs. Libertex - Compare and Choose the Right One

Updated May 13 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

70.8% 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.

Libertex is a broker headquartered in Cyprus that operates since 1997 and offers trading in over 250 financial instruments.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
  • European-based traders who are looking to trade forex and cryptocurrencies
  • Traders who need to monitor their positions through mobile apps
  • Long-term investors in equities
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

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • CySec (Cyprus)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Clean and user-friendly trading platform
  • Advanced mobile app with news integration for iOS and Android
  • Zero commission stock investing
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • Doesn't support use of Expert Advisors (EA)
  • Stock CFDs are limited to popular (blue chip) choices
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) 1997
💳 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
  • Neteller
  • Skrill
  • Paypal
  • Sofort
  • iDeal
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 4 - EUR, GBP, PLN, CHF
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
RU, US, CA, JP, SK and more. US, CA, SY.
📊 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 and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices
📙 Stocks
200+ 100+
📘 Currency Pairs
39 52
📗 Commodities
11 17
📕 Indices
15 18
📔 ETFs
N/A 10
💸 Cryptocurrencies

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

73
📒 Bonds
N/A N/A
📓 Options
N/A

Options on Bitcoin, SP500, Crude Oil, DAX30 and Silver.

📗 Futures
N/A N/A
📝 Notes:
All of FXCM's assets are CFDs. N/A
Trading Experience
📈 Minimum Stock Trade Size
1 share Minimum 20 € trade size
📉 Minimum ETFs Trade Size
N/A Minimum 20 € trade size
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency Minimum 20 € trade size
📉 Minimum FX Trade Size
$1000 (0.01 Lots) Minimum 20 € trade size
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) Minimum 20 € trade size
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Minimum 20 € trade size
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 (Varies) Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes for stocks
🎓 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 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.

€10/month after 180 calendar days of inactivity

💰 Deposit Fees
No No
💰 Withdrawal Fees

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

Depending on the service - up to 1%, 2% withdrawal fee on an inactive account

💰 Commissions
No No
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 83 Pips
📈 GOLD
Dynamic - From 41 Pips (As per our research) Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research) Dynamic - From $4
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
Dynamic - From $51 (As per our research) Dynamic - From $205
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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