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ForexVox vs FXTM

ForexVox or FXTM – which is better for UK traders 2024? Compare ForexVox and FXTM in this detailed breakdown of their platforms, features and fees.

ForexVox vs FXTM Comparison Table 2024
ForexVox	FXTM

3.5	4
ForexVox is ranked #96 among CFD brokers.	FXTM is ranked #50 among CFD brokers.
Review	Review
ForexVox is an offshore broker offering unrestricted, highly leveraged trading on 100+ forex, metals, commodities and indices via the MetaTrader 5 platform. Trades take place with market execution, either through a commission-free or raw spreads ECN model.	FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.
Pros
Various methods for depositing funds Licensed by both FCA and FSA Several promotional schemes MetaTrader 5 trading platform No deposit fees or minimum limits Forex VPS will suit active traders Mentoring from industry experts Chatrooms and social network Multi account manager No requotes Copy trading	The broker delivers an excellent charting environment for traders, with over 30 technical tools offered in the MT4 platform, plus a range of additional platform indicators for monitoring spreads, orders, pivot levels and more Beginners can access a strong range of free educational materials and short-term market insights, including a podcast hosted by the brand’s expert team FXTM offers free VPS hosting for active traders looking for 24/7 uninterrupted connection with up to 99.9% uptime The broker has a good reputation with multiple industry awards and oversight from top-tier regulators like the CySEC Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders Negative Balance Protection is available to clients registering with the EU and UK entities
Cons
Only supports one trading platform Limited asset list with no stocks or crypto Weak regulatory oversight in some locations Restricted to only three free withdrawals per month High minimum withdrawal limits	It’s a shame that ETFs and bond products are not available, and the selection of stocks is not extensive compared to competitors like AvaTrade Spreads are mediocre in the commission-free accounts, with typical EUR/USD spreads around 1.9 pips - the industry average is around 1.2 pips Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals There are limited e-wallet payment options compared to alternatives
Awards
	Best Trading Experience 2021 - World Finance Awards Best Online Leveraged Trading Services 2021 - Global Business Awards Best Forex Education Partner Nigeria 2021 - World Business Outlook Best Trading Experience 2020 - World Finance Awards Best ECN Broker 2020 - DayTrading.com
FCA Regulated
Yes	Yes
Instruments
CFDs, Forex, Indices, Commodities, Metals	Forex, CFDs, Indices, Commodities, Stocks
Demo Account
Yes	Yes
Minimum Deposit
$100	$500
Payment Methods
Credit Cards Debit Card Mastercard Neteller PayPal STICPAY Visa Wire Transfer	Credit Cards GlobePay Google Pay Maestro Neteller PayRedeem Perfect Money Skrill Visa WebMoney Western Union
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, FSA	CySEC, FCA, FSCA, FSC
Mobile Apps
iOS & Android	iOS & Android
Trading App
	FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
iOS App Rating
	4.8
Android App Rating
	4.4
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
Yes	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
ForexVox offers a social trading solution where clients can chat with other traders and replicate their strategies and setups. The app is quick and easy to download and set up.
Social Trading
Yes	No
Trade Signals
MT5	Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$5
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP
Commodities
Oil Gold Silver	Gold Silver Natural Gas Oil Precious Metals
CFD
Trade highly leveraged CFDs on forex, commodities, metals and indices from a minimum 0.01 lot size and no restrictions on strategies, including scalping, netting and hedging.	FXTM’s CFD offering spans 250+ forex, stocks, commodities and indices, plus crypto CFDs at the global entity. Leverage up to 1:30 is available from the CySEC-regulated branch, though highly seasoned traders can also access massive 1:2000 rates from the global entity.
Leverage
1:500	1:30
FTSE Spread
Floating	1.3
GBPUSD Spread<
Floating	0.2
Oil Spread
Floating	5.0
Stocks Spread
NA	0.1
Forex
Trade 70+ major, minor and exotic forex pairs with market execution and leverage up to 1:500. The no requotes and fast executions will appeal to fast-paced trading strategies.	FXTM offers a strong range of 60+ currency pairs - more than many competitors including AvaTrade. There’s also 6 currency indices for traders looking to diversify their forex portfolios. The brand’s ECN account offers competitively low spreads from 0 pips, with equally low commissions up to $2 per lot.
Assets
70+	50+
GBPUSD Spread
Floating	0.2
EURUSD Spread
Floating	0.1
EURGBP Spread
Floating	0.6
Currency Indices
	USD EUR GBP JPY AUD NZD
Cryptocurrency
	Cryptocurrency CFDs are available on 11 popular digital coins for those using the international entity. Bitcoin is available, alongside popular altcoins like Avalanch and Dogecoin. Spreads are floating and minimum lot sizes from 0.01 are available.
Spread
	Variable
Coins
	BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

ForexVox	FXTM
Review	Review
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