Brokerpoint vs FXCM compared

Online brokers compared for fees, trading platforms, safety and more. See how Brokerpoint stacks up against FXCM!

Brokerpoint
FXCM
Brokerpoint
4.2
63% or 74% of retail CFD accounts lose money

Last update of dataDec 2021

Brokerpoint

Brokerpoint is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland.

Recommended for investors and traders from Europe interested in global markets.

FXCM

FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.

Recommended for forex traders looking for easy account opening, funding and withdrawal.

Brokerpoint's service is on par with FXCM's and a comparison of their fees shows that Brokerpoint's fees are similar to FXCM's.

Account opening takes more effort at Brokerpoint compared to FXCM, deposit and withdrawal processes are somewhat more complicated at Brokerpoint, while customer service quality is considerably lower than FXCM's.

Our experts rated the trading platform of Brokerpoint as being of the same quality as the platform of FXCM, found that clients have access to much more markets and products with Brokerpoint, while FXCM provides somewhat better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.2

Recommended for Investors and traders from Europe interested in global markets

Overall Score
4.4

Recommended for Forex traders looking for easy account opening, funding and withdrawal

Country of origin

Germany

Country of origin

UK

Fees

Fees score
3.8
Fees score
4.0
Fees summary

Low trading and non-trading fees

Fees summary

Average trading and non-trading fees, low CFD fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
3.0
Deposit and withdrawal score
4.0
Number of base currencies

3

Number of base currencies

4

Deposit type

Withdrawal type

Account opening

Account opening score
2.5
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$50

*
Time to open account

>3 days

Time to open account

1-3 days

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
5.0
Web platform score
3.3
Mobile platform score
3.8
Mobile platform score
4.5
Desktop platform score
3.0
Desktop platform score
3.8

Markets and products

Markets and products score
4.9
Markets and products score
1.8
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 60.0% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 63% or 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
3.5
Research score
4.5
Charting quality

Great

Charting quality

Great

Education score
0.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
0.4
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€20,000

Investor protection amount

£85,000 in the UK, €20,000 in the EU, no protection in other countries

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2017

Foundation date

1999

Country of regulation

Ireland

Country of regulation

UK, Australia, South Africa and Cyprus

Brokerpoint

For detailed information and hands-on experience, read our review of this broker.

FXCM

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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