Compare FXCM vs Robinhood


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

FXCM vs Robinhood
overall rating
4.4
4.6
overall pros
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
overall cons
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
  • Limited product range
  • Weak customer support
  • Few educational materials
fees
3.7
  • Low trading fees
  • Low CFD fees
  • Inactivity fee after one year
4.9
  • Commission-free US stock and ETF trading
  • No fee for deposit or withdrawal
  • Transparent fee structure
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US clients
  • No IRA accounts offered
deposit and withdrawal
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
2.8
  • Free withdrawal
  • No deposit fee
  • Cash management service
  • Credit/Debit card not available
  • Depositing larger amounts on Robinhood Gold takes longer
  • Wire withdrawal is pricey
web trading platform
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.0
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
markets and products
1.6
  • Forex
  • CFD
  • Crypto
2.4
  • Stock
  • ETF
  • Options
  • Crypto
research
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
3.6
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
1.5
  • Fast response time
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
1.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
  • Majority of clients belong to a top-tier financial authority
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex traders looking for easy account opening, funding and withdrawal Beginners and buy-and-hold investors focusing on the US stock market
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