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SpeedTrader vs FXTM

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

SpeedTrader vs FXTM Comparison Table 2024
SpeedTrader	FXTM

3	4
SpeedTrader is ranked #118 among UK brokers.	FXTM is ranked #51 among CFD brokers.
Review	Review
SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.	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
Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST Two powerful platforms with level 1 price data, live news streams, advanced charting and more Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000 Competitive fees at $0.0009 per share and $0.25 per options contract Reliable 24/7 customer support via live chat, telephone and email Multiple routing options Short selling aids	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 US stocks available, with no forex, commodities or cryptos Not suitable for beginners with a $30,000 minimum deposit Mobile trading is limited to iPhone and iPad users Demo account valid for 14 days only $30 inactivity fee every quarter $35 withdrawal fee No APIs	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
No List of FCA Regulated Brokers	Yes
Instruments
Stocks, options, bonds, mutual funds	Forex, CFDs, Indices, Commodities, Stocks
Demo Account
Yes	Yes
Minimum Deposit
$30,000	$10
Payment Methods
Cheque Wire Transfer	Credit Cards GlobePay Google Pay Maestro Neteller PayRedeem Perfect Money Skrill Visa WebMoney Western Union
Minimum Trade
1 Share	0.01 Lots
Regulator
FINRA, SIPC	CySEC, FCA, FSCA, FSC
Mobile Apps
Yes	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
No	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	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
No	Yes
DMA Account
No	No
MAM Account
No	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
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
No	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$5
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP
Commodities
	Gold Silver Natural Gas Oil Precious Metals
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.
Leverage
	1:30
FTSE Spread
	1.3
GBPUSD Spread<
	0.2
Oil Spread
	5.0
Stocks Spread
	0.1
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.
Assets
	50+
GBPUSD Spread
	0.2
EURUSD Spread
	0.1
EURGBP Spread
	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

SpeedTrader	FXTM
Review	Review
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