Compare AMarkets vs FXTM
What is AMarkets? What is FXTM ?
AMarkets is an online broker that was founded in 2007 and is regulated by the Financial Commission in the United Kingdom and the FSC in Mauritius. It offers trading in forex, CFDs, stocks, metals, cryptocurrencies and other instruments on MetaTrader 4, MetaTrader 5 and its own mobile app. It claims to have over 250,000 clients from 140 countries and provides various bonuses, promotions and educational resources for traders.
FXTM is an online broker that was founded in 2011 and is regulated by the CySEC in Cyprus, the FCA in the United Kingdom, the FSCA in South Africa, the CMA in Kenya and the FSC in Mauritius. It offers trading in forex, CFDs, stocks, metals, commodities and other instruments on MetaTrader 4 and MetaTrader 5. It claims to have over 3 million clients from 180 countries and provides various features such as copy trading, market analysis, webinars and seminars for traders.
AMarkets vs FXTM Regulation Comparison
Both brokers are regulated by the FSC (Mauritius), which is a reputable offshore regulator that provides investor protection and dispute resolution services. However, FXTM has more licenses from other regulators, such as CySEC, FCA, FSCA, and Capital Markets Authority of Kenya, which are considered more strict and reliable than the FSC (Mauritius). These regulators impose higher standards of compliance, transparency, and security for the brokers and their clients.
AMarkets vs FXTM Trading Assets Comparison
Both brokers offer a wide range of trading instruments, but FXTM has more options than AMarkets. FXTM offers 63+ currency pairs, 180+ share CFDs, 11+ index CFDs, 7+ commodity CFDs, and 18+ cryptocurrency CFDs. AMarkets offers 61+ currency pairs, 100+ share CFDs, 16+ index CFDs, 26+ commodity CFDs, and 18+ cryptocurrency CFDs. Additionally, FXTM offers ETFs, bonds, options, and physical stocks as trading instruments.
AMarkets vs FXTM Trading Fees Comparison
Both brokers offer competitive trading fees, but they differ in their pricing models. AMarkets offers fixed spreads on its standard account and variable spreads on its ECN accounts. FXTM offers variable spreads on all its accounts. The average spread for EUR/USD on the standard account is 1.9 pips for AMarkets and 1.1 pips for FXTM. The average spread for EUR/USD on the ECN account is 0.3 pips for AMarkets and 0.1 pips for FXTM.
Both brokers charge commissions on their ECN accounts. AMarkets charges $2.50 per side per 100k units on its MT4 ECN account and $3 per side per 100k units on its cTrader ECN account. FXTM charges $2 per side per 100k units on all its ECN accounts.
AMarkets vs FXTM Account Types Comparison
Both brokers offer multiple account types to suit different trading styles and preferences. AMarkets offers one standard account and two ECN accounts: Standard Fixed Account (fixed spreads), MT4 ECN Account (variable spreads + commissions), and cTrader ECN Account (variable spreads + commissions).
FXTM offers three standard accounts and three ECN accounts: Standard Account (variable spreads), Cent Account (variable spreads + micro lots), Stock CFDs Account (variable spreads + stock CFDs), ECN Account (variable spreads + commissions), ECN Zero Account (variable spreads + no commissions), Pro Account (variable spreads + commissions + professional conditions).
AMarkets vs FXTM Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, but AMarkets has more choices than FXTM. AMarkets accepts WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, Perfect Money, FasaPay, Crypto, Litecoin, AdvCash, Tether (USDT), OnlineNaira and Ethereum as payment methods.
FXTM accepts WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto and Google Pay as payment methods.
AMarkets vs FXTM Trading Platforms Comparison
Both brokers offer MetaTrader 4 and MetaTrader 5 as their trading platforms, which are the most popular and widely used platforms in the forex industry. They provide advanced charting tools, technical indicators, automated trading, and social trading features. However, AMarkets also offers cTrader as an alternative platform, which is a modern and user-friendly platform that supports fast execution, level II pricing, and custom indicators. Additionally, AMarkets offers AMarkets App as a mobile trading platform that allows traders to access their accounts and trade on the go.
AMarkets vs FXTM Analytical Tools Comparison
Both brokers provide various analytical tools to help their clients with their trading decisions. AMarkets offers Autochartist, Trading Central, Economic Calendar, Market Sentiment, and Webinars as its analytical tools. FXTM offers FXTM Pivot Points Strategy, FXTM Trader App, Economic Calendar, Market Sentiment, Trading Signals, and Webinars as its analytical tools.
AMarkets vs FXTM . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style and financial goals. However, you can consider a number of factors that may help you make your decision, such as:
- Regulation: If security and protection are important, you may prefer FXTM as it has more licenses from reputable regulatory bodies than AMarkets.
- Trading Assets: If you want to diversify your portfolio and trade on a variety of instruments, you may prefer FXTM as it has more options than AMarkets.
- Trading Fees: If you want to reduce your trading costs and enjoy low spreads and low commissions, then you may prefer FXTM as it has lower average fees than AMarkets.
- Account Type: If you want more options and flexibility in your trading conditions, you may prefer FXTM as it has more account types than AMarkets.
- Deposit and Withdrawal Options: If you want your payment methods to be more convenient and accessible, you may prefer AMarkets as it has more options than FXTM.
- Trading Platform: If you want more features and variety in your trading platform, you may prefer AMarkets as it offers cTrader and AMarkets apps in addition to MetaTrader 4 and 5.
Ultimately, the best way to find out which broker is right for you is to try them out yourself. You can open a demo account with both brokers and test out their services and features before switching to a real account. You can also read reviews and feedback from other traders who have experience with both brokers.
