FOREX.com vs FXTM - CFD Broker Comparison

FOREX.com vs FXTM Comparison

FOREX.com vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced 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, some STP/ECN market execution. In addition to MT4, FXTM offers an MT5 STP/ECN trading account. As well as MT4, FOREX.com offers two discretionary trading platforms. 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 STP/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 and 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

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • 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.

Cryptocurrency CFDs

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

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • 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.

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.

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. FXTM offers MT4, MT5 and a MT5 web trader.

Comparison summary

  • Both brokers support trading with EAs on MT4
  • FXTM also offers MT5
  • FOREX.com also provides two discretionary trading platforms
  • Both have similar number of total market available, but FXTM has more on MT4
  • FOREX.com has a wider range of markets
  • FXTM has a lower minimum deposit for its Cent account, but higher for its other accounts
  • Each is FCA regulated

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