FXCM Vs. Nextmarkets - Compare and Choose the Right One


Visit 74-89% of retail CFD accounts lose money.	Visit 52.55% 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.	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
Professional algorithmic traders looking to benefit from their comprehensive API offering	New investors and traders looking to explore their social and copy trading offering via live coaches New investors and traders looking for a simple and friendly mobile app for commission-free investing in stocks or 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)	MFSA (Malta Financial Services Authority)
The Good
Comprehensive API offering with a variety of conditions and programming languages at no additional cost Proprietary platform (Trading Station)	Their “trading ideas” and “live coaches” offering is quite interesting and provides a lot of value for new traders Their proprietary platform is very simple and easy to use Their equities offering is completely commission-free
The Bad
Lack of asset variety in their offering (over 300+ financial instruments) Costly spreads when compared to similar competitors	Asides from stocks and ETFs, their asset offering lacks variety Their web platform is completely impractical to use for professional trading They don’t let you enjoy your demo trading experience in peace, there is a constant pop-up asking you to fund your account at all times
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)	2014
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method)	0
💰 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
💵 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
CFDs on stocks, currencies, commodities, cryptocurrencies and indices	Real stocks and ETFs CFDs on stocks, ETFs, commodities, indices, currencies, bonds and cryptocurrencies.
📙 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