Finq.com vs. FXCM Comparison

This comparison overview aids individuals who have a hard time to choose in between Finq.com and FXCM to find the most effective online broker for their trading and investment demands. It evaluates the highlights of both brokers alongside to assist users compare their solution and make a notified decision.

To help users select the appropriate broker in between Finq.com and FXCM to find the best-suited platform, below is a list of broker’s pros and cons, adhered to by a contrast of their main trading features, consisting of trading platforms & devices, charges, mobile trading, down payment & withdrawal, assets, regulation, and consumer assistance.

Finq.com vs. FXCM: Summary

Finq-com-logo

Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.

Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.

Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp in Arabic and English.

FXCM logo

FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.

FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.

FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.

FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.

Pros

  • Low minimum deposit ($100)
  • Competitive spread from 0.14 pips (EUR/USD)
  • No hidden fees
  • Up to $4,000 welcome bonus for new traders
  • $10,000 free demo account

Cons

  • Limited regulation
  • High minimum deposit of $100
  • Lacks educational material and research resources

Pros

  • Low minimum deposit ($50)
  • Average forex spread and 0% commission
  • Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
  • Detailed Trade execution reports (execution quality and slippage)
  • Feature rich mobile apps

Cons

  • Low amount of trading instruments
  • Relatively high trading and other fees

Key features

  • Competitive trading fees
  • Compatibility with MT4 and TradingCentral
  • Access to over 2,100 financial instruments
  • Free demo account availability
  • Fast registration and KYC on-boarding process
  • 24/5 support in English and Arabic

Key features

  • Over 400 CFDs across various markets
  • Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
  • Multiple order types availability
  • TradingView integration
  • Support for advanced, algorithmic, and copy trading
  • Regulated by 4 tier-one regulators

Finq.com vs. FXCM Comparison

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FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

Finq-com-logo
FXCM logo

Overall rating

3,4/5

4,0/5

Overall rating

3,4/5

4,0/5

Trading Platform & Tools

3.5

4.7

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 300:1 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.5

3.4

See details
Withdrawal Fee 0 $40
Deposit Fee 0 0
Inactivity Fee $50 if no trades after 3 months $50 per year after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 0.2 pips
Stocks & ETF 0 0
CFD (Gold) 0.3 0.5 pips
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.4

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.0

2.5

See details
Minimum deposit (in UAE) $100.00 $300
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

2.0

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 55 45
CFD Indices & Funds 50 15
CFD Stocks 2000 219
CFD Commodities 19 12
CFD Crypto 4 7
CFD Bonds 5 1
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.0

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Finq.com vs. FXCM Comparison Conclusion

The results of our comparison of Finq.com vs. FXCM are wrapped up in the table listed below.

Broker:Best For:
Finq.comCFD Trading With Welcome Bonuses
FXCMForex and CFDs; Algorithmic trading

Picking the right choice in between Finq.com and FXCM can be challenging. Both on-line brokers have resemblances however differ relating to trading instruments, systems & apps, law, down payment & withdrawals, and study and education. Picking the very best broker depends on individuals’ trading & financial investment goals, individual choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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