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
$10MT4, 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 $10 and for ECN trading is $/€/£200. The minimum deposit for Z.com Trade is $/€/£50.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares 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.
  • 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 offers Forex, Metals, Energy, Indices and Stocks, with 250+ available.
  • Z.com Trade offers Forex, Metals, Energy, Indices and Cryptocurrencies, with 75+available.

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

Both brokers can offer low spreads plus a commission charge. FXTM can additionally provide Forex spreads from 1.3 without a commission charge. Z.com Trade can additionally offer Forex spreads from 1 without a commission charge.

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. Commission is charged for the ECN account.
  • 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.

Online trading platforms

Both brokers offer MT4. FXTM additionally provides MT5. Both offer mobile apps.

Why FXTM or Z.com Trade ?

Traders who want to trade on MT4 may do so at either broker. Those who wish to trade of MT5, the successor to MT4 may do so at FXTM. Traders who want to trade a larger range of markets including Stocks CFDs may do so at FXTM. FXTM additionally offers a Cent account which lets the trader trade with small trade sizes.

Comparison summary

  • Both brokers provide CFD trading
  • Eahc offers ECN accounts
  • FXTM has a Cent account with low minimum trade sizes and a low minimum deposit ($10)
  • For ECN trading, Z.com Trade has a lower minimum deposit than FXTM ($50 vs $200)
  • Both brokers offer ECN accounts with higher minimum deposits/balance ('Pro' For FXTM, 'Plus' for Z.com Trade)
  • FXTM has no commission charge on its Pro account
  • Z.com Trade has lower commission charges on its Plus account
  • Both provide MT4
  • FXTM additionally offers MT5 (for ECN trading)
  • Z.com Trade uses Equinix data centers for high speed order execution

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