FXCC vs FXTM - Trading Brokers Comparison

FXCC vs FXTM Broker Comparison
FXCC versus FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT425+CySEC, FCA, FSCA, FSC
$10MT4, MT5250+CySEC

FXCC and FXTM Comparison

These brokers offer ECN trading. FXTM provides other account types, including a Cent account which allows small trade sizes and has a low minimum deposit.

Both these brokers offer MetaTrader 4 (MT4). FXTM additionally provides MetaTrader 5 (MT5), the successor to MT4.

Each broker offers ECN spreads without a commission charge. FXCC does so on its ECN XL account and FXTM does do on its Pro account. The Pro account has a high minimum account balance and is for larger volume traders.

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 Stock CFDs account.

Minimum deposit and account types

The minimum deposit for FXCC is $100. The minimum deposit for FXTM is $/€/£10.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000.
  • All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
  • 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.

Markets

  • On the ECN Standard and the ECN XL account, FXCC provides 30 markets covering Forex and Precious Metals. The ECN Advanced account has 200+ markets and includes Indices.
  • FXTM offers Forex, Precious Metals, Energy, Indices and Stocks, with 250+ available.

Spreads and leverage

FXCC and FXTM can offer low spreads without a commission charge and with a commission charge. FXTM can additionally provide Forex spreads from 1.3 without a commission charge.

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

Commissions

  • FXCC's ECN XL account does not charge 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.
  • 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. The commission is charged for the ECN account.

Online trading 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.

Why FXCC or FXTM ?

Those who want to trade on MetaTrader 4 (MT4) may do so at either broker, however FXTM additionally provides MetaTrader 5 (MT5). FXTM offers a range of accounts types including ECN, while FXCC is an ECN broker. FXTM has a Cent account available which lets the trader trade with very small trade sizes and a low minimum deposit. FXCC offers an ECN account (ECN XL) which lets the trader trade with ECN spreads, without a commission charge. FXTM also has an account (the Pro account) which allows the trader to trade with ECN spreads, without a commission charge. FXTM's Pro account has a $25,000 minimum account balance, while FXCC's ECN XL account offers a $100 minimum deposit. But FXCC's ECN XL account has a limit on the size of the account. Thus FXTM's Pro account is for traders who will trade larger volume and want institutional grade spreads.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT4
  • FXTM additionally offers MT5
  • Both brokers allow Expert Advisors
  • Each provides ECN trading accounts
  • FXTM additionally offers a Cent account
  • FXCC provides an account (ECN XL) which can offer no commission charge or mark-up
  • FXTM also offers an ECN account (Pro) with no commission charge or mark-up
  • FXTM has a lower minimum deposit on its Cent account
  • FXCC offers a lower minimum deposit for ECN trading than FXTM

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