FXTM vs ITRADER - CFD Broker Comparison

FXTM vs ITRADER Comparison

FXTM versus ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT5250+CySEC, FCA, FSCA, FSC
$250MT4200+CySEC

FXTM and ITRADER Comparison

ITRADER and FXTM both offer the MT4 trading platform and provide a similar number of markets to trade, overall (FXTM has a separate account for Stocks CFDs, unlike ITRADER). FXTM also provides an account which offers MT5. One further difference is that FXTM provides a range of STP/ECN accounts (with or without a commission charge). Both 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 FSCA in South Africa.

Quick comparison

Both offer MT4, FXTM also has MT5 and STP/ECN trading; ITRADER also has Cryptocurrency CFDs.

Minimum deposit and account types

The minimum deposit for FXTM is $5. The minimum deposit for ECN trading at FXTM is $200. The minimum deposit for ITRADER is $250.

  • 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.
  • ITRADER provides three CFD trading account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available on request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.

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.
  • On MT4, ITRADER offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, with 200+ available.

Cryptocurrency CFDs

  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash ABC, Bitcoin Gold, Ethereum Classic, Monero, DASH, Cardano, Bitcoin SV, IOTA, Lisk, NEO, Qtum, Siacoin, Tether, NEM, Stellar, Zcash, Verge, WAVES, TRON and Golem.

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.
  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.

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

Commissions

  • ITRADER does not charge 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.

Platforms

Both brokers offer MT4. FXTM additionally provides MT5. These platforms are available for desktop, tablet and mobile.

Comparison summary

  • Both brokers offer CFD trading
  • Each has MT4
  • FXTM also offers MT5
  • FXTM has a lower minimum deposit (for its Cent account)
  • Both are regulated

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