FXCM
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77% of retail CFD accounts lose money.

Vs.

Swissquote
Visit

74-89% of retail CFD accounts lose money.

FXCM Vs. Swissquote - Compare and Choose the Right One

Updated Oct 20 2022

Visit

77% of retail CFD accounts lose money.

Visit

74-89% 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.

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering.
  • Traditional equity investors looking for a broad range of markets
  • Experienced traders looking to benefit from their amazing research tools
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

4

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • FCA (UK)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MFSA (Malta)
  • HKMA (Hong Kong)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Outstanding asset offering with more than 60 exchanges across the world
  • Amazing research and analysis tools for all trader levels
  • Thematic investments with preconfigured product baskets
  • Offers banking services along with debit card
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • Their proprietary platform lacks many features and is not user friendly
  • Their commissions are extremely high
  • Overall everything feels complicated to use
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 1996
💳 Minimum Deposit Range
$50 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. 21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

RU, US, CA, JP, SK.

US, JP, SY, IR.

📊 STP Account
No Yes
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Banking License
No Yes
Debit Card
No Yes
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
285 175,533
Exchange Access
0 60
📙 Real Stocks
0 100,000
📙 Stock CFDs
200 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
41 80
📗 Commodities
0 0
📗 Commodities CFDs
11 12
📕 Indices
0 0
📕 Indices CFDs
16 26
📔 ETFs
0 1,400
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
17 12
📒 Bonds
0 54,000
📒 Bonds CFDs
0 3
📓 Options
0 10,000
📓 Options CFDs
0 0
📗 Futures
0 10,000
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
1 Share From $50
📉 Minimum ETFs Trade Size
Unavailable From $50
📈 Minimum Crypto Trade Size
1 Unit $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) From $50
📉 Minimum Bonds Trade Size
Unavailable From $50
📈 Minimum Futures Trade Size
Unavailable From $50
📉 Minimum Options Trade Size
Unavailable From $50
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ 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 Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes Yes
💻 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.

None
💰 Deposit Fees
None None
💰 Withdrawal Fees

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

$10 per withdrawal.

💰 Commissions
None

For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.

Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips Dynamic - From 0 to 1.3 Pips
📉 SP500
Dynamic - From 58 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 41 Pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $1.04 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market Spread
📉 BTC
Dynamic - From $51 Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No Yes
📡 Educational Content
Yes Yes
📡 Live Chat Support
No No
📡 Video Tutorials
No Yes
📡 Account Management
No No
📡 Webinars
No No