FXCM
Spreadex
Basic data of broker
Recommended for Forex traders looking for easy account opening, funding and withdrawal
Recommended for Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options
UK
UK
Fees
Average trading and non-trading fees, low CFD fees
Low trading and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
4
3
Deposit type
Withdrawal type
Account opening
$50
$0
1-3 days
1-3 days
Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 71% 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.
Disclaimer: 64% 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
Great
Mid-range
Customer service
Security
£85,000 in the UK, €20,000 in the EU, no protection in other countries
£85,000
1999
1999
UK, Australia, South Africa and Cyprus
UK
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
FXCM's service is on par with Spreadex's and a comparison of their fees shows that FXCM's fees are similar to Spreadex's.
Account opening takes about the same effort at FXCM compared to Spreadex, deposit and withdrawal processes are about the same quality at FXCM, while customer service quality is similar to Spreadex's.
Our experts rated the trading platform of FXCM as somewhat worse than the platform of Spreadex, found that clients have access to about the same number of markets and products with FXCM, while Spreadex provides less useful research and education.