24Option vs FXTM - Trading Brokers Comparison

24Option vs FXTM | Online Brokerage Comparison

24Option vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps250+CySEC, IFSC
$10MT4, MT5250+FCA, CySEC, FSCA, FSC

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 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 $/€/£10.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.

Markets

  • 24Option offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 250+ available.
  • FXTM offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.

Cryptocurrency CFDs

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

Leverage

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 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 provides its user friendly web trader (and apps)
  • FXTM offer a Cent account with a low minimum deposit and minimum trade size

Search this site

Translate