FXCM vs. Interactive Brokers Comparison

This comparison guide helps users who struggle to select in between FXCM and Interactive Brokers to find the most effective online broker for their trading and investment requirements. It examines the highlights of both brokers side by side to assist users contrast their solution and make an informed decision.

To help users choose the appropriate broker in between FXCM and Interactive Brokers to find the best-suited platform, below is a listing of broker’s benefits and drawbacks, complied with by a comparison of their major trading attributes, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, properties, regulation, and consumer assistance.

FXCM vs. Interactive Brokers: Summary

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.

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

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

Pros

  • Low minimum deposit ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

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

Key features

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

FXCM vs. Interactive Brokers Comparison

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Compare brokers
FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

BROKER COMPARISON

FXCM logo
Interactive Brokers

Overall rating

4,0/5

4,9/5

Overall rating

4,0/5

4,9/5

Trading Platform & Tools

4.7

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:400 1:20
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.4

4.9

See details
Withdrawal Fee $40 0
Deposit Fee 0 1%
Inactivity Fee $50 per year after 12 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips 0.2 pips + 0.08 to 0.20 bps times trade size comission
Stocks & ETF 0 $ 0.005 per share
CFD (Gold) 0.5 pips 0.02%
Crypto 0 0.12% to 0.18% of trade value
Options 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees Yes on CFD’s

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.5

4.9

See details
Minimum deposit (in UAE) $300 $0
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.0

4.9

See details
Shares 0 16.500
ETF & Funds 0 35.000
Crypto 0 4
Commodities 0 1
Indices 0 3052
Options 0 50.000
Futures 0 245
Bonds 0 1.000.000
Forex 45 115
CFD Indices & Funds 15 13
CFD Stocks 219 8.000
CFD Commodities 12 2
CFD Crypto 7 0
CFD Bonds 1 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.8

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

Customer Support

4.5

4.9

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

Winner

FXCM vs. Interactive Brokers Comparison Conclusion

The outcomes of our contrast of FXCM vs. Interactive Brokers are wrapped up in the table listed below.

Broker:Best For:
FXCMForex and CFDs; Algorithmic trading
Interactive BrokersStocks and ETFs

Choosing the appropriate choice between FXCM and Interactive Brokers can be difficult. Both online brokers have resemblances but vary relating to trading tools, platforms & apps, regulation, down payment & withdrawals, and research and education and learning. Selecting the very best broker depends on individuals’ trading & financial investment goals, individual preferences, and experience level.

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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