FXOpen vs FXTM Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FXOpen or FXTM?
Our pick: FXOpen
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - FXOpen looks preferable to FXTM.
FXOpen scored 4.3/5 and ranks 30 in our all Forex brokers list, whereas FXTM has 4.1/5 and ranks 45.
This is not financial advice. See the full comparison below.
Who is FXOpen suitable for?
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
Who is FXTM suitable for?
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.
Comparison Table of FXOpen and FXTM
| Broker | FXOpen | FXTM |
|---|---|---|
| Rating | 4.3/5 | 4.1/5 |
| Foundation Year | 2004 | 2011 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Cyprus, United Kingdom, Mauritius, Kenya |
| Minimum Deposit |
|
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
|
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| Review | FXOpen Review | FXTM Review |
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen 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.
Reliability
| Broker | FXOpen | FXTM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2004 | 2011 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Cyprus, United Kingdom, Mauritius, Kenya |
| Regulators |
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
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 | FXOpen | FXTM |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
FXTM
Opening an account with FXTM is a simple and fast process.
Account Types
| Broker | FXOpen | FXTM |
|---|---|---|
| Account Types | 5/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
|
|
| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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|
| Demo Account | ||
| Swap-free Account |
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
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 | FXOpen | FXTM |
|---|---|---|
| Commissions | 3/5 | 3/5 |
| Spread | from 0 points | from 0.1 points |
| Average Spread (EURUSD) | 1.2 | |
| Commission per Lot | $3.5 | $2.16 |
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
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 | FXOpen | FXTM |
|---|---|---|
| Rating | 4.2/5 | 4/5 |
| Account Funding Methods |
|
|
FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
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 | FXOpen | FXTM |
|---|---|---|
| Markets and Products | 4.6/5 | 4.6/5 |
| Forex | 66 | 48 |
| Precious Metals | 3 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 12 | 13 |
| Stocks | 553 | 640 |
| ETF | 56 | - |
| Cryptocurrency | 41 | 11 |
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
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 | FXOpen | FXTM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
|
|
FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
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 | FXOpen | FXTM |
|---|---|---|
| Rating | 4/5 | 4/5 |
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
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 | FXOpen | FXTM |
|---|---|---|
| Rating | 2/5 | 3.5/5 |
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
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 | FXOpen | FXTM |
|---|---|---|
| Rating | 4.5/5 | 3.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
YouTube
Facebook
Twitter
Telegram
LinkedIn
Whatsapp
Instagram
Messenger
Skype
ViberFXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
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.
Comparisons of FXOpen and FXTM with other brokers
Conclusion
FXOpen stands out as the better overall pick, while FXTM trails on aggregate criteria.
FXOpen scored 4.3/5 and ranks 30 in our rating; FXTM has 4.1/5 and ranks 45.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FXOpen or FXTM?
FXOpen comes out ahead by overall rank (score 4.3/5, position 30) versus FXTM (score 4.1/5, position 45).
Which broker is better for beginners: FXOpen or FXTM?
FXOpen is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FXOpen or FXTM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FXOpen and FXTM?
FXOpen: MetaTrader 4, MetaTrader 5, TickTrader, TradingView. FXTM: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with FXOpen and FXTM?
FXOpen: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. FXTM: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FXOpen and FXTM?
FXOpen: STP, ECN, Micro, Crypto. FXTM: Micro, Advantage, Advantage Plus. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXOpen and FXTM?
FXOpen: WebMoney, Volet, FasaPay, Visa, Mastercard, JCB, Discover. FXTM: Skrill, FasaPay, WebMoney, YooMoney, Qiwi, Perfect Money, PayRedeem, Visa, Mastercard, Maestro, Альфа Банк, Dotpay. Check method-specific fees/settlement times.
Which broker is safer — FXOpen or FXTM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
