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FXCM vs XTB: Comparison and Analysis

Trying to figure out whether to use FXCM or XTB? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of FXCM and XTB side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
67% of retail investor accounts lose money
FXCM review
Open Account
79% of retail investor accounts lose money
XTB review

Overall Ratings


Rated
81
Rated
83

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • FXCM
  • XTB

Security 94
Security 95

Cost 69
Cost 76

Trading 73
Trading 75

Education 83
Education 82

Company Info


Foundation
1999
2002
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, chi
en, ar, cz, de, es, fr, hu, po, pol, rom, slo, tur, it, chi

Leverage


Non-EU Leverage ?
400:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
0
US Leverage ?
0
0
Canadian Leverage ?
50:1
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
89071
36872
SimilarWeb - Total Visits
807860
1770000
Facebook Likes
83544
140561
Twitter Likes
92400
9908
Instagram Likes

Deposit and Withdrawal


Minimum Deposit ?
50 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
SafetyPay, PaySafe, PayU
Deposit Waiting Time ?
1 business day
Instant
Withdraw Waiting Time ?
1-2 business days
1-3 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, CHF
EUR, USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
0.03
0.04
Natural Gas ?
0.01
0.01
Silver ?
0.04
0.04
Platinum ?
7.0
Copper ?
0.00
21.0
Soybeans ?
0.36
Corn ?
0.64
Gold ?
0.76
0.3

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
1.3
0.6
USD/JPY Average Spread
1.4
1.0
USD/CHF Average Spread
1.7
1.4
GBP/USD Average Spread
2.0
1.7
USD/CAD Average Spread
2.3
1.5
AUD/USD Average Spread
1.9
1.1
NZD/USD Average Spread
2.1
1.7
EUR/GBP Average Spread
2.6
0.9

Fees on Stocks


Apple
0.00
Facebook
0.00
Alphabet
0.00
Snapchat
0.00
BP
0.00
Tesco
0.00
Barclays
0.00
Lloyds
0.00

Fees on Indices


FTSE100
0.96
1.7
S&P500
0.38
0.5
Dow Jones
1.0
Nasdaq
1.01
2.0
CAC40
1.24
DAX30
1.15
Nikkei 225
8.57
21.0
Euro Stoxx 50
1.08
1.6

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
0,94
2%
Ripple
0,01
2%
Litecoin
0,19
2%
Bitcoin Cash
3,37
1%
Dash
0
2%
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, de, es, fr, heb, po, ru, it, ur, chi
en, ar, cz, de, es, fr, po, pol, rom, ru, slo, tur, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
39
48
Crypto ?
8
48
Commodities ?
11
21
Stocks ?
15
1606
Indices ?
13
35
ETF ?
108
Futures ?
Options ?
Bonds ?
Metal ?
3
4
Agricultural ?
3
10
Energies ?
5
2
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.001 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, chi
en, ar, es, fr, gre, ru, tur, thai, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

FXCM vs XTB: A Comprehensive Comparison

When it comes to choosing a reliable broker, traders need to consider several factors such as security, trading fees, available markets, platforms, education, and customer care. In this comparison, we will review two popular brokers: FXCM and XTB. Let’s dive into the details.

Security

Both FXCM and XTB are regulated by top-tier financial authorities, ensuring their clients’ security and protection. FXCM is regulated by FCA, ASIC, FSCA, CySEC, ISA, and IIROC, while XTB is regulated by CySEC, FCA, KNF, IFSC, DFSA, and FSCA. In terms of security rating, XTB has a slightly higher score (95) than FXCM (94).

Demo Account

FXCM offers an unlimited demo account with virtual funds of $50,000, and traders can open multiple demo accounts with the same email address. On the other hand, XTB provides a demo account with virtual funds of $100,000, but the duration is limited to 30 days. However, XTB’s demo account can be restored by contacting customer support or renewed indefinitely.

Account Opening

FXCM requires a minimum deposit of $50 for non-EU clients and $300 for UK and EU clients. The broker offers several account types, including Standard, Islamic, Spread Betting, Corporate, and Professional accounts. Traders can choose from five account currencies and use various payment methods, such as wire transfers, credit/debit cards, and e-wallets.

On the other hand, XTB does not require any minimum deposit to open an account. The broker offers Standard, Islamic, and Professional accounts, and traders can choose from three account currencies. XTB supports multiple payment methods, including wire transfers, credit/debit cards, and e-wallets.

Social-Copy Trading

FXCM allows traders to engage in copy and social trading through third-party platforms like ZuluTrade and Tradingview. In contrast, XTB does not offer any social or copy trading features.

Markets

FXCM provides access to 39 Forex pairs, nine commodities, 13 indices, seven cryptocurrencies, and 15 stocks, all offered as CFDs. This means that FXCM is more suitable for short-term traders.

XTB, on the other hand, offers a more extensive range of markets. Traders can access 57 Forex pairs, 27 commodities, 30 indices, 46 cryptocurrencies, 5000+ stocks, and 500+ ETFs, all offered as CFDs. Additionally, XTB also offers real stocks and ETFs for EU clients.

Trading Fees

FXCM’s spreads start from 1.3 pips on Forex, which is above the market average. However, the broker does not charge any commission on shares trading.

XTB’s spreads start from 0.3 pips on Forex, which is below the market average. The broker also offers zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000. After this amount, there is a commission of 0.2% (10 EUR minimum).

Platforms

FXCM offers two trading platforms: Trading Station and MetaTrader 4 (MT4), both available via desktop, web, and mobile devices.

XTB provides its proprietary xStation trading platform, which is available via web and mobile devices. The platform is user-friendly and intuitive, with advanced charting and analysis tools.

Education/Customer

Both brokers offer various educational materials and resources for traders. FXCM provides FAQs, trading guides, and a research section, while XTB offers a more extensive range of materials, including FAQs, blog articles, eBooks, trading videos, and seminars.

Regarding customer care, both brokers are easy to contact via phone, email, and live chat.

Conclusion

In conclusion, both FXCM and XTB are reliable and trustworthy brokers that offer various trading opportunities, platforms, and educational resources. However, XTB stands out with its zero-commission real stocks and ETFs for European traders, lower spreads, and a more extensive range of markets. Additionally, XTB does not require any minimum deposit, making it an excellent choice for beginners or traders with a limited budget. However, FXCM’s copy and social trading features and unlimited demo account might be appealing to some traders. Ultimately, it depends on traders’ preferences and needs when choosing between FXCM and XTB.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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