Compare FXOpen with FXTM - Online Brokerage Comparison

Compare FXOpen vs FXTM

FXOpen vs FXTM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$5MT4, MT5250+FCA, CySEC, FSCA, FSC

FXOpen vs FXTM Comparison

FXOpen is an ECN broker which also offers STP trading (and a Crypto account). FXTM provides a range of accounts types, including ECN and non-ECN accounts (and a Shares account).

Both brokers offer MT4. FXTM also provides MT5. FXOpen offers a range of Cryptocurrency CFDs.

Both brokers are regulated by the FCA in the United Kingdom. FXOpen is additionally regulated by the ASIC in Australia and the FSRC in Nevis. FXTM is additionally regulated by the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

ECN conditions

Both can offer prices from liquidity providers, providing low spread plus a commission charge. Each broker allow scalping.

Quick comparison

FXOpen is an ECN broker, FXTM has a range of accounts including STP/ECN. Both provide MT4, while FXTM also offers MT5.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for FXTM is $5. The minimum deposit for ECN trading at FXTM is $200.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • 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.

Markets

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • 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.

FXOpen provides 45+ Forex pairs, FXTM provides 55+ Forex pairs.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, NEO, OMNI, Monero, IOTA, Ripple, EOS, Ethereum Classic, Bitcoin Cash, DASH, Namecoin, Peercoin and Emercoin.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • Spreads at FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.

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

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.

Platforms

FXOpen offers MT4 desktop, MT4 apps and an MT4 based web trader. FXTM offers MT4 and MT5 desktop, apps and MT4 and MT5 webtraders.

Comparison summary

  • FXOpen provides ECN and STP trading
  • FXTM offers ECN and a range of instant execution accounts
  • FXOpen provides Cryptocurrency CFDs
  • FXTM offers Shares CFDs
  • Both provide MT4
  • FXTM also offers MT5
  • For a higher minimum deposit, FXOpen can offer ECN trading, without a commission charge

Search this site

Translate