FOREX.com vs FXTM - CFD Broker Comparison

FOREX.com vs FXTM Comparison

FOREX.com vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Trading Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$5MT4, MT5250+FCA, CySEC, FSCA, FSC

FOREX.com and FXTM Comparison

Both of these brokers offer MT4. FXTM has a range of account types based around this platform some instant execution others ECN market execution. In addition to MT4, FXTM offers MT5. As well as MT4, FOREX.com offers two trading platforms, for traders who execute their own trades (Web Trader and the Advanced Trading Platform). Both have a similar number of total markets available.

Both brokers are regulated by the FCA in the United Kingdom. FOREX.com is additionally regulated by the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan. FXTM is additionally regulated by the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

Both offer MT4, FOREX.com has web traders. FXTM also offers MT5 and a range of account types, including ECN.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for FXTM is $5. The minimum deposit for ECN trading at FXTM is $200.

  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its 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

  • FOREX.com offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 300+ available.
  • FXTM offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

FOREX.com offers Forex spreads from 0.8 without a commission charge. FXTM provides Forex spreads from 1.3 without a commission charge and from 0 with a commission charge.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for FXTM (CySEC regulated) is .

Commissions

  • FOREX.com does not charge commissions, except for Shares CFDs.
  • 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.

Online trading platforms

FOREX.com offers the Advanced Trading Platform, a Web Trader and MT4 and apps. FXTM offers MT4, MT5 and apps.

Why FOREX.com or FXTM ?

Those who want to trade on MetaTrader 4 (MT4) can do this at either broker, though FXTM additionally provides MetaTrader 5 (MT5) the successor platform to MT4. FOREX.com additionally offers its Advanced Trading Platform and a user friendly web trader. Traders may build and run Expert Advisors (EAs) at either broker. While both brokers let the trader trade in micro lots (0.01), FXTM has a Cent account, which lets the trader trade in very small trade sizes, as well as having a very low minimum deposit.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • FXTM additionally provides MT5
  • FOREX.com additionally offers a user friendly web trader
  • Both offer MT4 web traders
  • FXTM additionally provides an MT5 web trader
  • FOREX.com offers its downloaded Advanced Trading Platform
  • FXTM has a Cent account and a lower minimum deposit

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