| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Advanced Trading Platform, Web Trader Trading Platforms | 300+ Markets To Trade | FOREX.com offers trading on MetaTrader (allowing automated trading), can offers low variable spreads, and provides a user friendly Web Trader About |
| FXTM | $10 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | FXTM provides trading on MT4 and MT5, allowing automated trading, has an MT4 Micro (cent) account with low minimum trade sizes and provides copy trading About |
FOREX.com and FXTM Comparison
Both of these brokers offer MT4. FXTM has a range of account types based around this platform one instant execution, the others 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).
Quick comparison
Both offer MT4, FOREX.com has web traders. FXTM also offers MT5 and a range of account types, including Cent.
Minimum deposit and account types
The minimum deposit for FOREX.com is $/€/£100. The minimum deposit for FXTM is $10 ($50 in the EEA).
- 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 offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10 (for MT4 only). The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.
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 1000+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FOREX.com Broker | MT4, Web Trader, Advanced Trading Platform Trading Platforms | FOREX.com provides trading on MT4 and in some regions also MT5 (allowing automated trading), offers a user friendly Web Trader and provides its Advanced Trading Platform Description |
| FXTM Broker | MT4, MT5 Trading Platforms | FXTM offers trading on MT4 and MT5 (allowing automated trading) and provides a Cent account with low minimum order sizes Description |
Cryptocurrency CFDs
- FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
Spreads
FOREX.com offers Forex spreads from 0.8 without a commission charge. FXTM provides Forex spreads from 1.5 without a commission charge and from 0 with a commission charge.
Commissions
- FOREX.com does not charge commissions, except for Shares CFDs.
- FXTM charges a commission form $0.40-$2 per lot per side, depending on the equity in the account and the volume traded.
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 (in some regions FOREX.com also offers MT5). 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 an MT4 Cent account (its Micro account), which lets the trader trade in very small trade sizes. Traders who want to copy trade may do so at FXTM on FXTM Invest.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4
- FXTM additionally provides MT5
- FOREX.com additionally offers a user friendly web trader
- FOREX.com offers its downloaded Advanced Trading Platform
- FXTM has a Cent type account
- FXTM offers copy trading via FXTM Invest
