AAAFx vs. FXTM Broker - Online Brokerage Comparison

AAAFx vs. FXTM Broker Comparison

AAAFx versus FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
$5MT4, MT5250+FCA, CySEC, FSCA, FSC

AAAFx and FXTM Comparison

Both of these brokers offer MT4. FXTM can also provide MT5, while AAAFx has a web trader, ZTP. Both offer ECN trading, though FXTM also provides instant execution standard accounts. AAAFx is regulated by the HCMC in Greece. FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

Both brokers offer ECN trading and MT4, FXTM also provides other instant execution accounts and MT5, AAAFx offers the ZTP web trader.

Minimum deposit and account types

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370 and the minimum deposit for FXTM is $5 and for its ECN account with a commission charge is $/€/£500 or ₦20,000.

  • 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.
  • For deposits higher than $100,000, AAAFx offers Institutional accounts.

Markets

  • AAAFx offers 55+ markets covering Forex, Metals, Commodities, Indices and Bonds.
  • 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 AAAFx are variable and start from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US 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.

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

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • 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

AAAFx makes available ZTP and MetaTrader4 (MT4) along with the ZuluTrade platform. All of these platforms allow for trading automation and are available as mobile applications.

The FXTM ECN accounts provides MT4 for desktop and mobile and a webtrader which is based on MT4. The FXTM ECN MT5 account provides MT5.

Comparison summary

  • Both brokers offer ECN trading
  • FXTM also provides instant execution standard accounts
  • Both provide MT4
  • AAAFx also offers MT5, FXTM also provides the ZTP web trader
  • Both are regulated

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