FXCM vs FXTM Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FXCM and FXTM
| Broker | FXCM | FXTM |
|---|---|---|
| Rating | 4.3/5 | 4.1/5 |
| Foundation Year | 1999 | 2011 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | Cyprus, United Kingdom, Mauritius, Kenya |
| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXCM Review | FXTM Review |
FXCM is suitable for traders of all levels. Beginners will find educational materials and helpful analytics, while experienced traders will appreciate various instruments and flexible platforms.
Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.
FXCM Review
FXCM represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.
However, it's essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization.
The broker offers a good balance between high-quality services and reasonable rates, making it an attractive choice for a broad spectrum of traders.
Pros and Cons of FXCM
Pros
- Diverse methods for deposit and withdrawal.
- Wide range of markets and products for trading.
- A broad spectrum of trading platforms.
- Extensive and quality materials for making informed decisions.
- Quick and efficient help in solving emerging issues.
Cons
- Insufficient variety of trading accounts.
- Inactivity fees and commissions for bank transfer withdrawals.
- Protracted account opening and verification process.
FXCM is in the top 10 of the following ratings:
FXTM Review
FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices' popular MT4 and MT5 platforms ensures trading flexibility and accessibility. In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide.
FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.
Pros and Cons of FXTM
Pros
- A wide range of trading assets.
- Low fee per transaction.
- Availability of popular trading platforms.
- Availability of educational materials.
- A variety of deposit and withdrawal methods.
Cons
- Issues with technical support.
- High spreads.
FXTM is in the top 10 of the following ratings:
Reliability
| Broker | FXCM | FXTM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 1999 | 2011 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | Cyprus, United Kingdom, Mauritius, Kenya |
| Regulators | FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA CIRO CIRO ISA ISA SVGFSA SVGFSA | CySEC CySEC FSCA FSCA FCA FCA FCA FCA FSC FSC CMA CMA |
FXCM
FXCM is a well-regulated broker with numerous licenses from various global organizations.
FXTM
Broker FXTM demonstrates high reliability due to strict regulation and additional protective measures.
Pros
- Regulation by authoritative bodies (CySEC, FCA).
- Membership in the Financial Commission.
- Presence of a Compensation Fund.
Account Opening
| Broker | FXCM | FXTM |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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FXCM
The account opening process at FXCM is logically organized and efficient, providing clear steps for traders. The structured system and quick verification make this process convenient and straightforward.
Pros
- Clear and structured registration form.
Cons
- Verification waiting time can take up to 3 days.
FXTM
Opening an account with FXTM is a simple and fast process.
Account Types
| Broker | FXCM | FXTM |
|---|---|---|
| Account Types | 4/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXCM
FXCM offers two types of accounts: Mini for beginners and Standard for experienced traders. Although the choice is not vast, both accounts are well adapted for their target audiences.
Pros
- Mini account available - akin to a cent account.
- Option for copy trading through ZuluTrade.
- Demo and Islamic accounts available.
Cons
- Limited selection of account types.
- No account with fixed spreads.
FXTM
FXTM offers a variety of accounts and services, meeting the needs of different traders.
Pros
- Wide selection of account types.
- Additional services such as VPS.
- Suitable for traders of different levels.
Cons
- Lack of fixed spread accounts.
Commissions
| Broker | FXCM | FXTM |
|---|---|---|
| Commissions | 3.2/5 | 3/5 |
| Spread | from 0 points | from 0.1 points |
| Average Spread (EURUSD) | 1.2 | |
| Commission per Lot | $2.16 |
FXCM
Commissions at FXCM are average. The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. However, there is an inactivity fee and a fee for fund withdrawal.
Pros
- Competitive spreads and swaps.
- Rebate program for active traders.
Cons
- Inactivity fee.
- Fee for withdrawals via bank transfer.
FXTM
FXTM's commissions are average, with low per-trade commission but higher-than-average spreads.
Pros
- Low per-trade commission.
Cons
- High spreads.
- Inactivity fee for account.
Deposit and Withdrawal
| Broker | FXCM | FXTM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Account Funding Methods |
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FXCM
FXCM offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies.
Pros
- Variety of deposit methods.
- Fast processing of withdrawal requests.
- No broker commissions for depositing.
Cons
- Commission for withdrawals via bank transfer.
FXTM
FXTM offers a variety of convenient methods for depositing and withdrawing funds, meeting the needs of traders.
Pros
- Numerous available methods.
- Instant fund crediting.
- Most operations without commission.
Cons
- May have withdrawal fees.
- Possible processing time restrictions.
Markets and Products
| Broker | FXCM | FXTM |
|---|---|---|
| Markets and Products | 4.5/5 | 4.6/5 |
| Forex | 41 | 48 |
| Precious Metals | 3 | 3 |
| Energy Carriers | 7 | 3 |
| Soft Commodities | 4 | - |
| Indices | 15 | 13 |
| Stocks | 3512 | 640 |
| ETF | 280 | - |
| Cryptocurrency | 23 | 11 |
FXCM
FXCM provides a wide range of trading instruments, making it attractive for various categories of traders. Different markets, from Forex to stocks and cryptocurrencies, are available.
Pros
- Good selection of markets and instruments.
Cons
- Some competitors have even more CFDs.
FXTM
FXTM offers a variety of markets.
Pros
- Ability to invest in US stocks.
- Large number of CFDs for trading.
Cons
- No soft commodities.
Trading Platforms
| Broker | FXCM | FXTM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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FXCM
FXCM offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.
Pros
- Wide choice of platforms for different trading styles.
- Advanced analytical tools in Trading Station.
- Support for algorithmic and social trading through Capitalise AI and ZuluTrade.
FXTM
The broker offers reliable and proven MT4 and MT5 platforms, ensuring flexibility in trading.
Pros
- Availability on various devices (Windows, Android, iOS).
- Support for automated trading.
- Ability to choose between MT4 and MT5.
Cons
- Lack of a proprietary unique platform.
- Web version only available for MT4.
Analytics
| Broker | FXCM | FXTM |
|---|---|---|
| Rating | 5/5 | 4/5 |
FXCM
FXCM offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy.
Pros
- Wide range of analytical tools.
- Professional signals and market analysis.
- Personalized trading applications.
Cons
- Some tools may require a subscription or active account.
- Lack of analytics localization in different languages.
FXTM
The broker offers a strong analytical section.
Pros
- Daily automated trading signals.
- Economic calendar in the personal account.
- A variety of tools for analysis.
Cons
- Outdated video reviews.
- Lack of regular analytical updates from experts.
Education
| Broker | FXCM | FXTM |
|---|---|---|
| Rating | 4/5 | 3.5/5 |
FXCM
The broker offers quality webinars and helpful guides that make the learning process informative and interactive.
Pros
- Webinars with experts for direct interaction.
- Detailed Forex guides.
- Materials suitable for traders of all levels.
Cons
- Lack of video courses.
- No podcasts for audio learning.
FXTM
The broker's educational materials are of average quality with diverse content.
Pros
- Diversity of materials (videos, books).
- Useful for traders of different levels.
Cons
- Outdated webinars.
- Irrelevance of some materials.
Customer Support
| Broker | FXCM | FXTM |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
YouTube
Twitter
Messenger
LinkedIn
Telegram
Skype
ViberFXCM
FXCM's technical support is highly rated for its variety of communication channels and quick response. Customer reviews confirm the professionalism and efficiency of the staff.
Pros
- Multiple channels of communication, including WhatsApp and live chat.
- Available 24/5.
- High degree of customer satisfaction.
Cons
- There may be telephone charges for international calls.
FXTM
FXTM's customer support offers various channels of communication, but reviews about it are mixed.
Pros
- Variety of communication channels.
- There are positive customer reviews.
Cons
- Delays in responses.
- There are ambiguous customer reviews.
