Compare FXTM vs USGFX - Online Brokerage Comparison

Compare FXTM vs USGFX
FXTM vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
$100MT4, MT560+ASIC

FXTM and USGFX Comparison

Both brokers offer trading on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the successor to MT4. FXTM offers ECN accounts and other account types including a Cent account (which has very small trade sizes). On its Cent account, FXTM offers a low minimum deposit. However FXTM's ECN accounts have a higher minimum deposit than USGFX (which is an STP/ECN broker).

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 offer trading on MT4 and MT5. FXTM also has a range of MT4 instant execution accounts (including Cent).

Minimum deposit and account types

The minimum deposit for FXTM is $10. The minimum deposit for ECN trading at FXTM is $200. The minimum deposit for USGFX is $100.

  • FXTM offers three Standard account types: Standard, Cent and Stock CFDs and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Stock CFDs 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.
  • 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 available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • FXTM offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.
  • USGFX offers Forex, Indices, Energy, 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.

FXTm can offer low spreads plus a commission charge. FXTM can additionally provide Forex spreads from 1.3 without a commisison charge. USGFX can additionally offer Forex spreads from 1.3 without a commission charge (on its VIP account).

Commission charge

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. Commissions are charged for the ECN account.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Online trading platforms

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

Why FXTM or USGFX ?

Those who want to trade on MT4 and its successor MT5 can find these online trading platforms at both brokers. Both brokers offer a range of account types, though FXTM offers a Cent account which has a very low minimum trade size. Additionally FXTM has a very low minimum deposit for its Cent account. However for its ECN accounts it has a higher minimum deposit than USGFX.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4 and MT5
  • FXTM has a Cent account with low minimum trade sizes and a low minimum deposit ($10)
  • FXTM's ECN accounts have a higher minimum deposit than USGFX ($200 vs $100)
  • Both brokers support copy trading
  • USGFX has a relatively wide range of trading support and tools

Search this site

Translate