Compare FXTM vs USGFX - Online Brokerage Comparison

Compare FXTM vs USGFX

FXTM vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT5250+FCA, CySEC, FSCA, FSC
$100MT4, MT560+ASIC

FXTM and USGFX Comparison

USGFX has STP/ECN trading across a range of account types, which can offer lower Forex spreads, for a higher minimum deposit (with no commission charge added). FXTM has a range of account types covering market execution (STP/ECN) trading (with or without a commission charge) and instant execution trading (without a commission charge). Both offer MT4 and MT5 (FXTM has separate accounts for this, USGFX includes it with its accounts).

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. USGFX is regulated by the ASIC in Australia.

ECN conditions

For its ECN accounts FXTM offers no dealing desk intervention trading, allowing styles such as scalping, EAs and news trading, as does USGFX.

Quick comparison

Both brokers offers STP/ECN trading on MT4 and MT5. FXTM also has a range of instant execution accounts.

Minimum deposit and account types

The minimum deposit for FXTM is $5. The minimum deposit for ECN trading at FXTM is $200. The minimum deposit for USGFX is $100.

  • 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. The FXTM Pro accounts offer faster execution, lower spreads and higher liquidity and charge no commissions.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • FXTM can offer slightly different numbers of markets 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 markets 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.
  • USGFX offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.

FXTM has 55+ Forex pairs. USGFX has 20+ Forex pairs.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.

Leverage and spreads

Maximum leverage for FXTM (FCA or CySEC regulated) is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

  • 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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Commission charge

  • 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.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platform

Both brokers offer MT4 and MT5 desktop and apps and an MT4 web trader. FXTM also offers an MT5 web trader.

Comparison summary

  • FXTM can provide low spreads plus a commission charge on its STP/ECN accounts
  • But FXTM's ECN Zero account does not charge commissions (and has higher spreads)
  • USGFX does not charge commissions on Forex
  • USGFX offers STP/ECN trading across a range of account types, with increased minimum deposits and lower Forex spreads
  • FXTM can also provide instant execution (non-ECN) accounts
  • Both offer MT4 and MT5
  • FXTM is FCA and CySEC regulated, USGFX is ASIC regulated

Search this site

Translate