Compare FXTM vs Forex.com
What is FXTM? What is Forex.com?
FXTM is a global online forex and CFD broker that offers trading on various instruments, such as forex, indices, commodities, stocks, and cryptocurrencies. FXTM is regulated by several authorities, including the FCA in the UK and CySEC in Cyprus. FXTM has won several industry awards and provides educational resources, market analysis, and copy trading services to its clients.
Forex.com is a leading forex broker that also offers CFD trading on indices, commodities, metals, and cryptocurrencies. Forex.com is part of StoneX Group, a publicly traded company that is regulated by multiple authorities, including the SEC in the US and the FCA in the UK. Forex.com provides competitive pricing, advanced trading platforms, and innovative trading tools to its customers.
FXTM vs Forex.com Regulation Comparison
Both FXTM and Forex.com are highly trusted brokers that are regulated by tier-one authorities in major jurisdictions. FXTM has seven tier-one licenses from Australia (ASIC), Canada (CIRO), Japan (SFC), Singapore (MAS), UK (FCA), US (CFTC), and New Zealand (FMA). Forex.com has four tier-one licenses from Australia (ASIC), Canada (CIRO), UK (FCA), and US (CFTC).
Both brokers also have some tier-two licenses from other regulators, such as CySEC in Cyprus, DFSA in UAE, and FSCA in South Africa for FXTM, and ISA in Israel and SFC in Hong Kong for Forex.com.
FXTM vs Forex.com Trading Assets Comparison
FXTM offers more than 1000 financial assets to trade, including 91 forex pairs, 180+ stocks, 11 indices, 5 commodities, and 3 cryptocurrencies. FXTM also offers spot metals trading on gold and silver.
Forex.com offers over 500 markets to trade, including 80+ forex pairs, 220+ stocks, 15 indices, 10 commodities, and 5 cryptocurrencies. Forex.com also offers spot metals trading on gold and silver.
FXTM vs Forex.com Trading Fees Comparison
FXTM has three main account types: Standard, Cent, and ECN. The Standard account has no commission but higher spreads, starting from 1.3 pips for EUR/USD. The Cent account is designed for micro trading with a minimum deposit of $10 and spreads from 1.5 pips for EUR/USD. The ECN account has lower spreads from 0.1 pips for EUR/USD but charges a commission of $2 per lot per side.
Forex.com has two main pricing models: Standard and RAW Spread. The Standard pricing model has no commission but wider spreads, starting from 0.8 pips for EUR/USD. The RAW Spread pricing model has tighter spreads from 0.0 pips for EUR/USD but charges a commission of $7 per $100k traded.
FXTM vs Forex.com Account Types Comparison
FXTM has three main account types: Standard, Cent, and ECN. Forex.com has two main pricing models: Standard and RAW Spread.
FXTM has a minimum deposit requirement of $50 for its Standard account and $500 for its ECN account. FXTM also offers Islamic swap-free accounts for Muslim traders and demo accounts for practice trading.
Forex.com has a minimum deposit requirement of $100 for its Standard pricing model and $500 for its RAW Spread pricing model. Forex.com also offers Islamic swap-free accounts for Muslim traders and demo accounts for practice trading.
FXTM vs Forex.com Deposit Options Comparison
FXTM supports various deposit and withdrawal methods, such as credit/debit cards, bank transfers, e-wallets (Neteller, Skrill, etc.), Bitcoin payments, M-Pesa, GlobePay, JCB Card, and FasaPay. However, some methods may not be available in certain countries or regions. FXTM does not charge any deposit fees but may charge withdrawal fees depending on the method used.
Forex.com supports fewer deposit and withdrawal methods than FXTM, such as credit/debit cards, bank transfers, e-wallets (PayPal only), and checks. Forex.com does not charge any deposit or withdrawal fees but may impose minimum or maximum limits depending on the method used.
FXTM vs Forex.com Trading Platforms Comparison
Both FXTM and Forex.com offer the popular MetaTrader 4 (MT4) platform as their main trading platform. MT4 is widely used by forex traders as it provides advanced charting tools, technical indicators, automated trading strategies (Expert Advisors), and market news.
FXTM also offers the newer MetaTrader 5 (MT5) platform, which has more features and capabilities than MT4, such as more timeframes, order types, indicators, and instruments. MT5 also supports trading on stocks and futures.
Forex.com also offers its own proprietary web trading platform, which is beginner-friendly and easy to use. The web platform has integrated TradingView charts with over 80 indicators, Reuters news feeds, behavioral science technology, and more. Forex.com also provides a suite of additional tools, such as Performance Analytics, SMART Signals, strategy builders, and VPS hosting.
FXTM vs Forex.com Analytical Tools Comparison
FXTM provides various analytical tools to help its clients make informed trading decisions, such as market analysis, economic calendar, forex news timeline, market sentiment, trading signals, and FXTM Pivot Points Strategy. FXTM also offers educational resources, such as webinars, seminars, articles, videos, and ebooks.
Forex.com also provides various analytical tools to help its clients make informed trading decisions, such as market analysis, economic calendar, forex news timeline, market sentiment, trading signals, and Trading Central. Forex.com also offers educational resources, such as webinars, articles, videos, and guides.
FXTM vs Forex.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, goals, and strategies. However, you can consider some of the following factors to help you make your decision:
- Regulation: Both FXTM and Forex.com are highly regulated by tier-one authorities in major jurisdictions, which means they are trustworthy and secure brokers. However, FXTM has more tier-one licenses than Forex.com, which may give it an edge in terms of global coverage and customer protection .
- Trading Assets: Both FXTM and Forex.com offer a wide range of trading assets, including forex, indices, commodities, stocks, and cryptocurrencies. However, FXTM has more assets than Forex.com, which may give it an edge in terms of diversity and opportunity .
- Trading Fees: Both FXTM and Forex.com have competitive pricing models, but they differ in terms of spreads and commissions. FXTM has higher spreads but lower commissions than Forex.com, which may suit traders who prefer lower upfront costs. Forex.com has lower spreads but higher commissions than FXTM, which may suit traders who prefer tighter pricing and more transparency .
- Account Types: Both FXTM and Forex.com have similar account types, such as standard, ECN, swap-free, and demo accounts. However, FXTM has a lower minimum deposit requirement than Forex.com for its ECN account, which may appeal to traders who want to access lower spreads and faster execution with less capital .
- Deposit and Withdrawal Options: Both FXTM and Forex.com support various deposit and withdrawal methods, such as credit/debit cards, bank transfers, e-wallets, and more. However, FXTM supports more methods than Forex.com, which may give it an edge in terms of convenience and accessibility .
- Trading Platforms: Both FXTM and Forex.com offer the popular MetaTrader 4 platform as their main trading platform. However, FXTM also offers the newer MetaTrader 5 platform, which has more features and capabilities than MT4. Forex.com also offers its own proprietary web trading platform, which is beginner-friendly and easy to use .
- Analytical Tools: Both FXTM and Forex.com provide various analytical tools to help their clients make informed trading decisions, such as market analysis, economic calendar, trading signals, market sentiment, and more. However, Forex.com also provides some additional tools that are not available on FXTM, such as Performance Analytics, SMART Signals, strategy builders, and VPS hosting .
Ultimately, the choice between FXTM and Forex.com depends on your personal preferences and trading style. You may want to try out both brokers with their demo accounts before making a final decision.
