FXTM vs ITRADER - CFD Broker Comparison

FXTM vs ITRADER Comparison
FXTM versus ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, 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 offers MT5. One further difference is that FXTM provides a range of ECN accounts (with or without a commission charge).

Both brokers 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 ECN trading; ITRADER also has Cryptocurrency CFDs.

Minimum deposit and account types

The minimum deposit for FXTM is $10. The minimum deposit for ECN trading at FXTM is $200. The minimum deposit for ITRADER is $250.

  • 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.
  • 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 offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.
  • 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

On FXTM's Standard account, Forex spreads are from 1.3 without a commission charge. On FXTM's ECN account, Forex spreads are from 0.1 plus commission (on FXTM's Pro account spreads are from 0 without a commission charge). On ITRADER's VIP account, Forex spreads are from 0.7.

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.

Online trading platforms

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

Why FXTM or ITRADER ?

Those who want to trade on MetaTrader 4 (MT4) can do so at either broker. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT4 can find this platform at FXTM. Traders who want to trade Cryptocurrency CFDs on MT4 (and a relatively wide range) may do this at ITRADER. Traders who want to social and copy trade and trade with low trade sizes, may do so at FXTM.

Comparison summary

  • Both brokers offer CFD trading
  • Each has MT4
  • FXTM also offers MT5
  • FXTM has a lower minimum deposit
  • FXTM offers a Cent account

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