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. |
Nextmarkets is a german broker founded in 2014 that specialises in commission free stocks and ETFs trading through their proprietary platform which offers an expert advisory service via live coaches that suggest their trading ideas. |
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 | |
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 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 (FXCM Group) | 2014 |
💳 Minimum Deposit | |
€, £, $ - 50 (Varies by payment method) | 0 |
💰 Payment Methods | |
💵 Account Base Currencies | |
4 - EUR GBP, USD, CHF. | 2 - EUR, GBP. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
RU, US, CA, JP, SK and more. | US, CA, SY, IR. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | No | Assets |
📚 Available Assets | |
📙 Stocks | |
200+ | 8,000+ |
📘 Currency Pairs | |
39 | 22 |
📗 Commodities | |
11 | 5 |
📕 Indices | |
15 | 5 |
📔 ETFs | |
N/A | 1,000+ |
💸 Cryptocurrencies | |
6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK) |
4 |
📒 Bonds | |
N/A | 1 |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | N/A |
📝 Notes: | |
All of FXCM's assets are CFDs. | Nextmarkets provides both CFDs and real stocks or ETFs. |
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 | Varies per Cryptocurrency (eg: 0.1 BTC with leverage 1:2) |
📉 Minimum FX Trade Size | |
$1000 (0.01 Lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 1 Troy ounce of Gold) | Varies per commodity (eg: 1 contract of Gold - 1 trojan ounce) |
📉 Minimum Bonds Trade Size | |
N/A | N/A |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 (Varies) | Up to 1:100 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | No |
👬 Copy Trading | |
Yes | Yes |
👫 Social Trading | |
Yes | Yes |
🔑 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 | No |
💰 Withdrawal Fees | |
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency). |
No |
💰 Commissions | |
No | No | Spreads |
📈 EUR/USD | |
From 1.2 Pips (As per our research) | Dynamic - From 0.6 Pips |
📉 SP500 | |
Dynamic - From 58 Pips (As per our research) | Dynamic - From 50 Pips |
📈 GOLD | |
Dynamic - From 41 Pips (As per our research) | Dynamic - From 40 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.04 (As per our research) | Dynamic - From $2 |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - From $0.1 to 0.3 |
📉 BTC | |
Dynamic - From $51 (As per our research) | Dynamic - From $125 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | No |
📜 Integrated Newsfeed | |
Yes | No |
📡 Reuters Feed | |
No | No |