XTB
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77% of retail CFD accounts lose money

Vs.

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

XTB Vs. FXCM - Compare and Choose the Right One

Updated Nov 25 2021

Visit

77% of retail CFD accounts lose money

Visit

74-89% of retail CFD accounts lose money.

Overview

XTB is an international broker specialised in CFD trading and low cost forex spreads.

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

Best For
  • Experienced forex traders looking for low spreads
  • Experienced stock traders looking for trading particular stocks under low spreads (with commission)
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
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The Good
  • Low forex & stock spreads
  • Professional platform with customisable layouts
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
The Bad
  • No ability to remove or customise leverage
  • High commissions on stocks & ETFs
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
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.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Polish Financial Supervision Authority
National Securities Market Commission (Spain)
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Sector Conduct Authority
📍 Year Founded
2002 1999 (FXCM Group)
💳 Minimum Deposit
$, €, £ - 0 €, £, $ - 50 (Varies by payment method)
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Sofort
Neteller
Paypal
Skrill
Visa
Mastercard
Bank Transfer
Neteller
Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

💵 Account Base Currencies
5 - USD, GBP, EUR, PLN, HUF. 4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, SY, IR. RU, US, CA, JP, SK and more.
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
CFDs
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
📙 Stocks
1877 200+
📘 Currency Pairs
57 39
📗 Commodities
21 11
📕 Indices
36 15
📔 ETFs
135 N/A
💸 Cryptocurrencies
5

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

📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
All XTB assets are CFDs. All of FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
$50 1 share
📉 Minimum ETFs Trade Size
$50 N/A
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.01 BTC) 1 unit of any cryptocurrency
📉 Minimum FX Trade Size
$1,000 $1000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.01 Troy ounces of Gold) Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 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
N/A Up to 1:500 (Varies)
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
Yes, $10 a month after 1 year of inactivity

50 units of the account's base currency yearly after 1 year of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No

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

💰 Commissions
For Stocks and ETFs / 0.08% - $8 Minimum commission No
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.8 Pips From 1.2 Pips (As per our research)
📉 SP500
Dynamic - From 50 Pips From 58 Pips (As per our research)
📈 GOLD
Dynamic - From 35 Pips From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
Dynamic - From $120 Variable - From $51 (As per our research)
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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