FXCC vs FXTM - Trading Brokers Comparison

FXCC vs FXTM Broker Comparison

FXCC versus FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT445+CySEC, FCA, FSCA, FSC
$5MT4, MT5250+CySEC

FXCC and FXTM Comparison

FXCC is an ECN broker, FXTM offers both ECN and non-ECN accounts. FXCC can offer commission free ECN trading on one its accounts, with certain restrictions on deposit size. FXTM can offer commission free ECN trading on its high deposit requirement account. Both brokers provide variable spreads and offer MT4. FXCC and FXTM are regulated by the CySEC in Cyprus. FXTM is additionally regulated by the FCA in the United Kingdom and the FSC in Mauritius and is licensed by the FSB in South Africa.

Quick comparison

Both offer ECN trading, though FXTM has a range of instant execution accounts as well. Both provide MT4, FXTM also offers MT5. Overall FXTM has more markets, as it has a Shares CFDs account.

Minimum deposit and account types

The minimum deposit for FXCC is $100. The minimum deposit for FXTM is $/€/£5.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. All accounts welcome Scalpers, allow hedging and EAs, provide live news updates, technical analysis, trading tools and an economic calendar on the FXCC website, and offer a personal account manager.
  • FXCC's ECN Standard account has a minimum deposit of $100, the ECN XL account has a minimum deposit of $500 and the ECN Advanced account has a minimum deposit of $100,000. All accounts charge commissions, except for the ECN XL account which does not charge commissions for deposits less than or equal to $10,000. The ECN Advanced account offers more Forex pairs and also offers Indices.
  • FXTM offers a range of non-ECN and ECN accounts. The non-ECN accounts are the Cent, Standard and Shares accounts. The ECN accounts are the ECN, the ECN Zero, the FXTM ECN MT5, the FXTM Pro, FXTM Pro MT5 and the Strategy accounts. The minimum deposit for the Cent account is $/€/£5. The minimum deposit for the Standard, Shares and Strategy accounts is $/€/£100. The minimum deposit for the ECN Zero account is $/€/£200. The minimum deposit for the ECN and the FXTM ECN MT5 accounts is $/€/£500. The minimum deposit for the FXTM Pro accounts is $/€/£25,000. The FXTM Pro account offers faster execution, lower spreads and higher liquidity and charges no commission.

Account currencies

FXCC accounts are available in GBP, USD and EUR. FXTM accounts are available in GBP, USD, EUR and NGN.

Markets

  • FXCC offers 50, covering Forex pairs, Indices and Precious Metals on the ECN Advanced account. On the ECN Standard and the ECN XL account, FXCC provides 30 assets covering Forex and Precious Metals.
  • FXTM can offer slightly different numbers of CFD instruments 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 CFD instruments 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.

Spreads and leverage

  • Spreads at FXCC are variable and are from 0.1 for EUR/USD (with a typical range under normal market conditions of 0.2-0.6) and around 0.25 for Gold.
  • 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.

Maximum leverage for FXCC is . Maximum leverage for FXTM (FCA or CySEC regulated) is .

Commissions

  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
  • For deposits of less than or equal to $10,000, FXCC's ECN XL account does not charge commissions and for deposits greater than $10,000 the ECN XL account charges commissions of 0.3 pips per lot per side.
  • FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
  • 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

Both brokers provide MT4, available for desktop, tablet and mobile. FXTM additionally provides MT5, also available for desktop, tablet and mobile. The two brokers offer micro lot trading.

Comparison summary

  • FXTM offers both ECN and instant execution accounts
  • FXCC offers ECN trading
  • FXTM can offer both higher variable spreads without a commission and low spreads with a commission
  • Both brokers can offer low ECN Spreads without a commission charge, but this requires a high deposit on FXTM
  • FXTM offers more instruments and wider range of markets than FXCC, all accounts considered
  • Both provide MT4, FXTM also offers MT5

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