FXTM vs. Z.com Trade Broker Comparison

FXTM vs. Z.com Trade Broker Comparison

FXTM versus Z.com Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT5250+FCA, CySEC, FSCA, FSC
$50MT475+FCA

FXTM and Z.com Trade Comparison

FXTM offers both instant and market execution accounts. Z.com Trade provides market execution accounts. For both brokers the market execution accounts are ECN accounts, which can offer low Forex spreads with a commission charge. Z.com Trade also has a market execution Classic account with no commission charge.

FXTM and Z.com Trade both offer a higher deposit ECN accounts. For Z.com Trade this offers lower commission charges. For FXTM this provides no commission charge, among other features (but the minimum deposit is considerably higher). However FXTM provides commission charges which can be lower depending on the equity in the account and volume traded. Both provides variable spreads, with or without a commission charge.

Both brokers are regulated by the FCA in the United Kingdom. FXTM is additionally regulated by the CySEC in Cyprus and is licensed by the FSCA in South Africa and regulated by the FSC in Mauritius.

Quick comparison

Both offer variable spread ECN trading. FXTM has a range of instant execution accounts, including a Cent account. Both offer MT4, FXTM also has an MT5 account.

Minimum deposit and account types

The minimum deposit for FXTM is $5 and for ECN trading is $/€/£200. The minimum deposit for Z.com Trade is $/€/£50.

  • 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. All FXTM accounts offer micro lot trading (0.01 lots).
  • FXTM offers a number of ECN accounts. There are the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account and FXTM Pro. 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 account is $/€/£25,000 or ₦5,000,000. The FXTM Pro account offers faster execution, lower spreads and higher liquidity and charges no commissions.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 (London) Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • 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.
  • Z.com Trade offers 75+ CFD instruments covering Forex, Precious Metals, Energy, Indices and Cryptocurrencies.

FXTM provides 55+ Forex pairs, Z.com Trade offer 55+ Forex pairs.

Cryptocurrency CFDs

  • Z.com Trade offers Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

Spreads and leverage

  • 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.
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

Maximum leverage on FXTM (FCA and CySEC regulated) is . Maximum leverage on Z.com Trade is .

Commissions

  • 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.
  • Z.com Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Platform

Both brokers offer MT4 which includes support for trading automation. It is available as a web trader, on desktop, mobile and tablets. FXTM offers MT5 on its FXTM ECN MT5 account.

Comparison summary

  • Z.com Trade provides variable spreads without a commission charge on its Classic account
  • Z.com Trade also offers low variable ECN Forex spreads with a commission charge
  • For its ECN Plus account, with a higher minimum deposit, Z.com Trade offers lower commission charges
  • FXTM provides variable spreads with STP execution, which depending on the account can have low ECN spreads with a commission, higher spreads without a commission or low ECN spreads and no commission for a higher deposit
  • Each broker provides MT4, FXTM also offers MT5
  • FXTM can provide lower commission charges, depending on the equity in the account and volume traded
  • For a higher minimum deposit, FXTM can offer an ECN account with no commission charge

Search this site

Translate