24Option vs FXTM - Trading Brokers Comparison

24Option vs FXTM | Online Brokerage Comparison

24Option vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps130+CySEC, IFSC

24Option vs FXTM Comparison

Both brokers offer MetaTrader 4 (MT4). FXTM also provides the successor to MT4, which is MetaTrader 5 (MT5). 24Option provides a user friendly web trader for trader who make their own decisions to execute their trades. MT4 and MT5 both offer the facility to automate trading, by letting online trading robots trade on behalf of the trader. For such trading in particular, FXTM provides STP/ECN accounts.

FXTM offers as well a Cent account, which a way of setting trade sizes smaller than micro lots on MT4 and MT5 (i.e. the account is denominated in cents). This means that the trader can trade with smaller account sizes and the Cent account has a very small minimum deposit. 24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

Both offer MT4, FXTM additionally provides MT5 while 24Option offers its web trader and apps. FXTM has a lower minimum deposit as it offers a Cent account.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for FXTM is $5.

  • 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.


  • 24Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 130+ available.
  • FXTM can offer slightly different numbers of CFD instruments for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more CFD instruments on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Ripple, Litecoin and DASH CFDs.


Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for FXTM (FCA or CySEC regulated) is .

Online trading platforms

Both offer MT4. FXTM additionally provides MT5. 24Option additionally offers a web trader (and apps).

Why 24Option or FXTM ?

Traders who wish to use MT4 can find this at either broker. Traders who wish to trade on MT4's successor, MT5 can find this platform at FXTM. Traders who wish to trade on a user friendly web trader can find this at 24Option (though FXTM also offers an MT4 web trader). FXTM has a range of account types, which include STP/ECN (of potential interest in particular to automated traders using this feature of MT4 and MT5) and a Cent account, which allows traders to trade with very small trade sizes. This account could be used to test out Expert Advisors or trading ideas, for example, in the live trading market or simply to let the trader trade with a small account size.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • FXTM also offers MT5
  • 24Option has its web trader (and apps)

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