Nutmeg vs FXCM, 2024 Update
Nutmeg Rating
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FXCM Rating
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Your capital is at risk |
Losses can exceed deposits |
Nutmeg vs FXCM Guide |
Read our In-Depth Nutmeg vs FXCM Review - Updated for 2024
Our review comparing Nutmeg and FXCM has been updated to reflect any changes for 2024 by seasoned professionals boasting significant expertise across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Nutmeg vs FXCM does not apply to all countries as follows:
Nutmeg Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Nutmeg vs FXCM
All platforms for online trading will have some pros and cons, and a complete analysis of Nutmeg vs FXCM cannnot be complete without having an objective perspective.
Compare FXCM and Nutmeg in order to understand how these platforms stack up to each other prior to you create an account. A comparative analysis can place factors in perspective to ensure that you remain cognizant of the expectations.
So you are looking for a professional broker and are choosing between Nutmeg or FXCM. Which one is best in 2024?
Our Nutmeg vs FXCM comparison contains the most recent information so you can easily compare FXCM against Nutmeg.
If you're a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will get adept at all the concepts of brokerage since you keep trading. For starters, you have to choose the right agent who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. Nutmeg and FXCM are two such stages which will take you along with your investment into great heights. It's important to compare Nutmeg vs FXCM until you trust them with your cash.
Our Nutmeg vs FXCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Nutmeg and FXCM side by side.
Our full Nutmeg vs FXCM Review covers everything you need to learn about trading using either Nutmeg or FXCM. A fantastic agent can multiply your initial investments and provide you favorable profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you choose them. It's a frequent misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
Nutmeg and FXCM are both brokers which have paved their way successfully to the broker world. Within this review, we have tried to collate a number of the important facets of both Nutmeg and FXCM. This review will help you to know whether either FXCM or Nutmeg is a fantastic fit for your own investments or not. We have attempted to breakdown all of the qualities and charges for your advantage.
Benefits of Nutmeg and FXCM Compared
Nutmeg has a minimum deposit of $0 while FXCM has a $1 minimum deposit.
Why smaller minimum deposits are good and how Nutmeg and FXCM compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Nutmeg has around 273 financial instruments while FXCM allows you to trade around 273 financial instruments available.
The more financial instruments you can trade on the Nutmeg and FXCM trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of Nutmeg or FXCM.
Nutmeg and FXCM Contact Details
Being able to contact your broker simply is vital. Nutmeg and FXCM have the following contact details and social medias that you can use.
Broker | Nutmeg | FXCM |
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Telephone Number | ||
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Nutmeg Twitter Account | FXCM Twitter Account | |
Nutmeg Facebook Page | FXCM Facebook Page | |
Nutmeg Instagram Account | FXCM Instagram Account | |
Nutmeg LinkedIn Page | FXCM LinkedIn Page | |
YouTube | Nutmeg YouTube Channel | FXCM YouTube Channel |
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FXCM and Nutmeg Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Nutmeg and FXCM will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Nutmeg vs FXCM - Awards
Nutmeg vs FXCM - Frequently Asked Questions
Nutmeg vs FXCM - Headquarters And Year Of Founding
Nutmeg was founded in 2008 and has its head office in USA.
FXCM was founded in 1999 and has its headquaters in United States.
What is the minimum deposit for FXCM or Nutmeg
The minimum deposit for Nutmeg is $0.
The minimum deposit for FXCM is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Nutmeg and FXCM are a good option.
Nutmeg vs FXCM - Regulation And Licencing In More Detail
Nutmeg is regulated by Unregulated.
FXCM is regulated by Financial Conduct Authority (FCA).
Nutmeg is unregulated but FXCM has a powerful set of rules for ensuring fair trading onto its own platforms. For data encryption purposes, they supply industry-standard secure socket layer (SSL).
In accordance with their privacy policy, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Nutmeg vs FXCM Commission And Fees
Nutmeg and FXCM are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the number of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of fees for this objective.
The first kind of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In these cases, you are paying a spread, funding speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are charged when you hold a leveraged position for longer than a day.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither Nutmeg or FXCM charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly trade, for example weekly or daily trading.
But, non-trading fees charged by Nutmeg and FXCM are relatively higher. Consequently, you're charged more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This Nutmeg vs FXCM review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For Nutmeg And FXCM
Broker | Nutmeg | FXCM |
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Minimum Deposit | $0 | $1 |
Withdrawal Fees | No | No |
Inactivity Fees | Yes | No |
Deposit Fees | No | No |
CFD Fees | No | No |
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What Languages Do Nutmeg And FXCM Support?
Being able to communicate easily with your online broker is a key element when comparing brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find all the languages that both Nutmeg and FXCM offer communication in.
Broker | Nutmeg | FXCM |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do Nutmeg and FXCM Have?
Both Nutmeg and FXCM are well known and trusted. It is really important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers Nutmeg and FXCM are active on their platform
Broker | Nutmeg | FXCM |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Nutmeg and FXCM Accept?
Nutmeg and FXCM both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Nutmeg and FXCM
Broker | Nutmeg | FXCM |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
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What Can You Trade With Nutmeg and FXCM?
Nutmeg offers 273 trading instruments and FXCM offers 100.
Below you will find a full breakdown of what both Nutmeg and FXCM offer.
Nutmeg Review
Nutmeg vs FXCM:
Table Of Contents
- Compare Nutmeg vs FXCM
- Benefits of Nutmeg and FXCM Compared
- FXCM and Nutmeg Mobile App Comparison
- Nutmeg vs FXCM - Awards
- Nutmeg vs FXCM - Frequently Asked Questions
- What is the minimum deposit for FXCM or Nutmeg
- Nutmeg vs FXCM - Regulation And Licencing In More Detail
- Compare Broker Fees For Nutmeg And FXCM
- What Languages Do Nutmeg And FXCM Support?
- How Many Clients Do Nutmeg and FXCM Have?
- What Payment Methods Do Nutmeg and FXCM Accept?
- What Can You Trade With Nutmeg and FXCM?