FXCM
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77% 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 Sep 14 2022

Visit

77% 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.

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

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

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) 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
41 52
📗 Commodities
11 17
📕 Indices
16 18
📔 ETFs
N/A 10
💸 Cryptocurrencies
17 (Not for UK Clients) 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