FXCM vs. Lightspeed Comparison

This comparison overview aids customers who have a hard time to choose in between FXCM and Lightspeed to locate the best online broker for their trading and financial investment demands. It analyzes the main features of the two brokers side by side to help users compare their solution and make an informed choice.

To help individuals select the appropriate broker between FXCM and Lightspeed to find the best-suited platform, below is a listing of broker’s benefits and drawbacks, complied with by a contrast of their major trading functions, consisting of trading systems & devices, costs, mobile trading, deposit & withdrawal, properties, regulation, and client assistance.

FXCM vs. Lightspeed: 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.

lightspeed-logo

Lightspeed is a globally operating online broker regulated by FINRA. They offer users access to 6,000 stocks, options, and futures. Their trading platforms ( LightSpeed Trader, LightSpeed Web & Mobile, and Sterling Trader Pro) offer advanced trading and charting tools including level 2 trading and dynamic charting, LiveVolX and Eze EMS.

Lightspeed offers low per-share and per-contract fees for high volume traders. The minimum deposit requirement at Lightspeed is $10,000 or $25,000.

Lightspeed’s customer support is available 24/7 through email, live chat, and phone in English language.

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

  • Great choice of different trading platforms
  • Wide range of stocks, options and features
  • Responsive customer support
  • Competitive pricing on higher volume

Cons

  • High minimum deposit requirement

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

  • Access to over 10,000 different stocks, ETFs, options, and futures
  • Trading fee discounts for active stock and ETF traders
  • Broad range of risk management tools and third-party software
  • Extensive education section with live webinars, trading courses, and and blog
  • Level 2 order book information and dynamic charting features
  • Fast order routing

FXCM vs. Lightspeed Comparison

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FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

FXCM logo
lightspeed-logo

Overall rating

4,0/5

4,0/5

Overall rating

4,0/5

4,0/5

Trading Platform & Tools

4.7

3.8

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:400 6:1
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

4.1

See details
Withdrawal Fee $40 $50 per transaction
Deposit Fee 0 0
Inactivity Fee $50 per year after 12 months $25 if no trading in previous year
Cost Per Trade 0 $4.50
Cost Per Month 0 Yes, depending the platform
Forex (EUR/USD) 0.2 pips 0
Stocks & ETF 0 $0.0045 per share
CFD (Gold) 0.5 pips 0
Crypto 0 0
Options 0 $0.60 per contract
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

3.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.5

3.0

See details
Minimum deposit (in UAE) $300 $10,000.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.0

4.1

See details
Shares 0 4 markets
ETF & Funds 0 4 markets
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 8 markets
Futures 0 9 markets
Bonds 0 0
Forex Instruments 45 0
CFD Indices & Funds 15 0
CFD Stocks 219 0
CFD Commodities 12 0
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

4.2

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

Customer Support

4.5

4.2

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

Winner

FXCM vs. Lightspeed Comparison Conclusion

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

Broker:Best For:
FXCMForex and CFDs; Algorithmic trading
LightspeedStocks, futures and options; High volume traders

Picking the right selection in between FXCM and Lightspeed can be tough. Both on the internet brokers have similarities yet vary pertaining to trading tools, platforms & apps, regulation, deposit & withdrawals, and study and education and learning. Picking the best broker depends on users’ trading & financial investment objectives, 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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