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FXCM vs FXTM
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Updated:
Compare FXCM Vs FXTM Side by Side
Unsure whether to choose FXCM vs FXTM and wonder which broker suits your needs more? Read our detailed comparison guide of FXCM Review and FXTM Review, which includes a comparison of the safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | FXCM | FXTM |
|---|---|---|
| Website | //www.fxcm.com | //www.forextime.com |
| Founded year | 1999 | 2011 |
| Headquarter | UK | Cyprus |
| Licenses | UK, Australia, South Africa | UK, Cyprus, South Africa, Kenya, Mauritius |
| Minimum Deposit | US$50 | US$ 100 |
| Trading Platforms | MT4, Trading Station, ZuluTrade, TradingView, Ninja Trader, Capitalise AI | MT4, MT5 |
| Eurusd avg Spread | 1.3 pips | 1.5 pips |
Licenses
| Feature | FXCM | FXTM |
|---|---|---|
| Licenses Countries Info (short) |
|
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FXCM is a highly regarded brokerage firm regulated by stringent bodies like the UK’s FCA and Australia’s ASIC, offering an added layer of trader protection and favorable trading conditions. It also holds regulations in South Africa. Conversely, FXTM is regulated by the FCA and Cyprus’s CySEC, with additional regulations in Kenya, South Africa, and Mauritius.
Broker Types
| Feature | FXCM | FXTM |
|---|---|---|
| Broker types |
|
|
FXCM operates as both a Market Maker and an STP Broker. In its capacity as a Market Maker, FXCM acts as the counterparty. However, when functioning as an STP Broker, it directs traders’ orders straight to liquidity providers without intervening as a counterparty. This model can lead to faster execution and possibly narrower spreads, often favored by traders desiring direct market access. In contrast, FXTM primarily operates as an ECN broker, providing a platform where various market participants can converge.
Trading Conditions
| Feature | FXCM | FXTM |
|---|---|---|
| Trading Conditions |
|
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Both brokerages cater to diverse trading strategies, including hedging and social trading. They present competitive spreads for cost-effective trading and ensure prompt order execution. Moreover, they equip traders with an extensive array of trading tools, elevating the trading journey for their clientele.
Fees & Commissions
| Fees & Commissions | FXCM | FXTM |
|---|---|---|
| Inactivity Feemonth | 0 $ | $5 |
| Deposit fee | 0 $ | $0 |
| Withdrawal fee | 0 $ | $3 |
| Rollover fee eurusd buy 1 lot | -2.5% | -10.68 |
| Rollover fee eurusd sell 1 lot | +3% | 1.02 |
| Avg Eurusd standard acc | 1.3 pips | 1.5 pips |
| Gold | 0.76 | 9 |
| Brent oil | 0.04 | 4 pips |
| Bitcoin | 27.13 | 20 |
In general, both FXCM and FXTM have spreads that are somewhat higher than the industry average. However, when it comes to cost efficiency, FXCM has an edge as it doesn’t levy any additional fees. In contrast, FXTM imposes both inactivity and withdrawal fees.
Account Types
| Feature | FXCM | FXTM |
|---|---|---|
| Account types |
|
|
FXCM offers one account type, while FXTM provides a broader range of account options tailored to various trading preferences and initial deposit requirements. Both brokerages accommodate Islamic accounts, ensuring traders following Sharia laws can participate in currency trading on their platforms.
Markets & Instruments
| Markets & Instruments | FXCM | FXTM |
|---|---|---|
| Forex | 40 | 60 |
| Indices | ✔️ | ✔️ |
| Commodities | 10 | ✔️ |
| Cryptocurrencies | 7 | ✔️ |
| Shares | 64 | 170 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | 35 | ✔️ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 15 | ❌ |
FXCM vs FXTM present comparable market offerings, including a mix of forex pairs, cryptocurrencies, stocks, and spread betting. However, it’s worth noting that each broker provides a somewhat restricted assortment of trading instruments.
Trading Platforms
| Feature | FXCM | FXTM |
|---|---|---|
| Platforms |
|
|
FXCM boasts a wider selection of trading platforms such as MT4, Zulutrade, NinjaTrader, and its proprietary platform. On the other hand, FXTM mainly focuses on the renowned MT4 and MT5 platforms. For seasoned traders, FXCM stands out as a preferable choice because of its versatile platform offerings.
Deposit & Withdrawal Methods
| Feature | FXCM | FXTM |
|---|---|---|
| Payment methods |
|
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FXTM provides a broader range of funding options, including numerous e-wallets, debit/credit cards, and bank wire transfers. In contrast, FXCM has a more restricted set of e-wallet choices. However, both brokerages guarantee speedy money transfers with enhanced security measures.
Others
| Feature | FXCM | FXTM |
|---|---|---|
| Others |
|
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Each broker excels with their superior customer support options, encompassing phone, live chat, and email services. When it comes to educational content, both brokers shine with their comprehensive resources and notably organize frequent educational events globally as a part of their educational program with additional seminars, webinars, and other educational resources.
Conclusion on FXTM vs FXCM
In conclusion of FXCM vs FXTM comparison Review, both brokers provide conducive trading conditions with an expansive range of markets, tailored to accommodate the varied needs of traders. They ensure swift execution coupled with commendable trader protection. However, FXCM particularly stands out for seasoned traders, thanks to its sophisticated tools and diverse platform selections. Here is our final recommendation:
- FXCM — 🥇Best ZuluTrade Broker with advanced charting tools and good market research
- FXTM — 🥇Best Broke for Beginners catered to different traders’ needs all while offering exceptional conditions
