FXCM vs SMARTBROKER+ - BrokerCue
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Broker Comparison

FXCM vs SMARTBROKER+

Compare FXCM and SMARTBROKER+ side by side: fees, regulation, platforms.

FXCM

FXCM

Forex and algo traders

FXCM is a forex and CFD broker founded in 1999, offering 40+ currency pairs, CFDs, crypto CFDs, spread bettin…

VS
SMARTBROKER+

SMARTBROKER+

German investors seeking low-cost ETF trading

SMARTBROKER+ is a German online broker offering stocks, ETFs, funds, bonds, derivatives and crypto with free …

Head-to-head comparison

FXCM vs SMARTBROKER+
Feature FXCM SMARTBROKER+
Minimum deposit - -
Stock trading fee - EUR 0 via gettex (orders >= EUR 500); EUR 1 via gettex (orders < EUR 500); EUR 4 flat at Tradegate, Lang & Schwarz and other exchanges
Regulators FCA, ASIC, CySEC, FSCA BaFin
Best for Forex and algo traders German investors seeking low-cost ETF trading
Markets & account
Stocks
-
ETFs
-
Forex
-
CFDs
-
Crypto
Bonds
-
Margin
Demo Account
-
Spread Betting
-
Funds
-
Investment Plans
-

Pros & cons

FXCM

FXCM

Pros

  • No account opening or deposit fees
  • Strong algorithmic trading support with APIs and third-party integrations
  • Spread betting available for UK clients (tax-free gains)
  • Multiple regulated entities across UK, Australia, EU, and South Africa
  • Free demo account with up to $20,000 in virtual funds
  • Commission-free standard accounts
  • Advanced Trading Station platform with 115+ indicators
  • Active Trader rebates for high-volume traders

Cons

  • Banned from US market since 2017 following CFTC fraud findings
  • Past regulatory fines from FCA and CFTC remain on record
  • Inactivity fee after 12 months
  • Wire withdrawal carries a $25 correspondent bank charge
  • Limited stock CFD range compared to multi-asset competitors
  • No MetaTrader 5 support
  • Active Trader minimum deposit is $25,000
SMARTBROKER+

SMARTBROKER+

Pros

  • Free custody and account management
  • No deposit, withdrawal or inactivity fees
  • Commission-free gettex trading for orders of EUR 500 or more
  • Over 4,600 savings plans with free execution for ETFs, stocks, funds and crypto ETPs
  • Access to 9 domestic and 18 international exchanges
  • Bonds trading available since April 2024
  • Weekend trading available since November 2025
  • Deposit protection up to EUR 100,000 via statutory scheme plus voluntary fund

Cons

  • No demo account available
  • No joint or junior accounts
  • Platform and customer support primarily in German
  • EUR 4 flat fee at exchanges other than gettex
  • Currency conversion cost of approximately 0.25% on international trades
  • No source tax recovery service
  • Mixed customer reviews on Trustpilot regarding customer support response times
  • Parent company has reported losses in recent years
FXCM

FXCM

FXCM is a forex and CFD broker founded in 1999, offering 40+ currency pairs, CFDs, crypto CFDs, spread betting for UK clients, and strong algorithmic trading support.

Visit FXCM Read review

Your capital is at risk. Other fees apply.

SMARTBROKER+

SMARTBROKER+

SMARTBROKER+ is a German online broker offering stocks, ETFs, funds, bonds, derivatives and crypto with free custody and commission-free gettex trading from EUR 500.

Visit SMARTBROKER+ Read review

Your capital is at risk. Other fees apply.

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