FXTM vs FXCM
FXTM or FXCM – which is better for UK traders 2024? Compare FXTM and FXCM in this detailed breakdown of their platforms, features and fees.
FXTM | FXCM |
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FXTM is ranked #51 among CFD brokers. | FXCM is ranked #44 among CFD brokers. |
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. | FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC. |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | Yes |
Instruments | |
Forex, CFDs, Indices, Commodities, Stocks | CFDs, Forex, Stocks, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $50 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | Variable |
Regulator | |
CySEC, FCA, FSCA, FSC | FCA, CySEC, ASIC |
Mobile Apps | |
iOS & Android | iOS and 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. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
Yes | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | No |
eSignal | |
No | Yes |
Trading Central | |
No | No |
STP Account | |
Yes | No |
ECN Account | |
Yes | No |
DMA Account | |
No | No |
MAM Account | |
Yes | Yes |
PAMM Account | |
Yes | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. | |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$5 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
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. | You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions. |
Leverage | |
1:30 | 1:30 |
FTSE Spread | |
1.3 | 1.18 pts var* |
GBPUSD Spread< | |
0.2 | 0.5 pips* |
Oil Spread | |
5.0 | 0.05 (var)* |
Stocks Spread | |
0.1 | 0.2% Var* |
Forex | |
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. | FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks. |
Assets | |
50+ | 40 |
GBPUSD Spread | |
0.2 | 0.5 pips var* |
EURUSD Spread | |
0.1 | 0.2 pips var* |
EURGBP Spread | |
0.6 | 0.5 pips var* |
Currency Indices | |
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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. | You can trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade. |
Spread | |
Variable | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
FXTM | FXCM |
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