Compare MTrading vs FXTM
What is MTrading? What is FXTM?
MTrading is an online broker that provides trading services in forex, CFDs, crypto, and other instruments. It was established in 2001 and is regulated by the Financial Commission in the United Kingdom. It offers various account types, trading platforms, and educational resources for traders of all levels.
FXTM is a global online broker that specializes in forex and CFD trading. It was founded in 2011 and is regulated by multiple authorities, including the FSC in Mauritius, the CySEC in Cyprus, the FCA in the UK, the FSCA in South Africa, and the CMA in Kenya. It also provides a wide range of trading instruments, platforms, tools, and learning materials for traders.
MTrading vs FXTM Regulation Comparison
Both brokers are regulated by reputable organizations that ensure the safety and security of their clients’ funds and transactions. However, FXTM has more licenses and regulations than MTrading, which may indicate a higher level of trustworthiness and credibility. FXTM also offers segregated accounts for its clients, which means that their funds are kept separate from the broker’s own funds and are protected in case of insolvency.
MTrading vs FXTM Trading Assets Comparison
Both brokers offer a variety of trading instruments, including forex, CFDs, crypto, stocks, indices, commodities, metals, energies, and futures. However, FXTM has a larger number of assets than MTrading, with over 250 instruments available for trading. FXTM also offers some unique products that MTrading does not have, such as spread betting, ETFs, options, agriculture, bonds, binary options, and physical stocks.
MTrading vs FXTM Trading Fees Comparison
Both brokers charge competitive fees for their trading services, but they have different pricing models. MTrading offers fixed spreads for all its account types, which means that the difference between the bid and ask prices remains constant regardless of market conditions. MTrading also charges commissions for some of its accounts, ranging from $4 to $10 per lot.
FXTM offers variable spreads for most of its accounts, which means that the spread fluctuates according to market volatility and liquidity. FXTM also charges commissions for some of its accounts, starting from $2 per lot. The actual fees may vary depending on the instrument, account type, platform, and trading volume.
MTrading vs FXTM Account Types Comparison
Both brokers offer multiple account types to suit different trading styles and preferences. MTrading has four main account types: Standard (minimum deposit $10), Pro ($100), Crypto ($100), and Copy Trading ($100). FXTM has six main account types: Standard (minimum deposit $100), Cent ($10), Shares ($100), ECN ($500), ECN Zero ($200), and Pro ($25,000).
Each account type has different features and benefits, such as leverage, spread, commission, minimum trade size, execution type, margin call level, stop out level, swap-free option, etc.
MTrading vs FXTM Deposit Options Comparison
Both brokers offer flexible and convenient ways to deposit and withdraw funds from their trading accounts. They accept various payment methods such as credit/debit cards, wire transfer, e-wallets (Skrill, Neteller), local bank transfer (for some countries), crypto (for MTrading only), and Tether (USDT) (for MTrading only) .
However, FXTM also accepts some additional payment methods such as WebMoney, YooMoney, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Google Pay. Both brokers do not charge any fees for deposits or withdrawals (except for wire transfer), but they may have different processing times depending on the payment method.
MTrading vs FXTM Trading Platforms Comparison
Both brokers provide their clients with access to MetaTrader 4 (MT4), one of the most popular and widely used trading platforms in the world. MT4 is a user-friendly platform that supports various features such as charting tools, technical indicators, expert advisors, customizable interface, one-click trading, trailing stop, pending orders, etc .
However, FXTM also offers MetaTrader 5 (MT5), the newer and more advanced version of MT4. MT5 has some additional features such as more timeframes, more order types, more indicators, economic calendar, depth of market, etc. Both brokers also have their own mobile applications for Android and iOS devices, which allow traders to access their accounts and trade on the go.
MTrading vs FXTM Analytical Tools Comparison
Both brokers provide their clients with various analytical tools and resources to help them with their trading decisions and strategies. These include market news, economic calendar, trading signals, webinars, articles, videos, tutorials, etc.
However, FXTM has more tools and resources than MTrading, such as market analysis, trading calculators, forex glossary, forex education, FXTM Invest (a copy trading service), FXTM Pivot Points Strategy (a technical analysis tool), etc .
MTrading vs FXTM. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, goals, and trading style. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- Regulation: If you value the safety and security of your funds and transactions, you may prefer FXTM over MTrading, as FXTM has more licenses and regulations from reputable authorities around the world. FXTM also offers segregated accounts for its clients, which means that your funds are kept separate from the broker’s own funds and are protected in case of insolvency.
- Trading Assets: If you want to diversify your portfolio and trade a variety of instruments, you may prefer FXTM over MTrading, as FXTM has a larger number of assets than MTrading, with over 250 instruments available for trading. FXTM also offers some unique products that MTrading does not have, such as spread betting, ETFs, options, agriculture, bonds, binary options, and physical stocks.
- Trading Fees: If you want to save on trading costs and have a clear idea of what you will pay for each trade, you may prefer MTrading over FXTM, as MTrading offers fixed spreads for all its account types, which means that the difference between the bid and ask prices remains constant regardless of market conditions. MTrading also charges lower commissions for some of its accounts than FXTM .
- Account Types: If you want to have more options and flexibility in choosing an account type that suits your trading style and preferences, you may prefer FXTM over MTrading, as FXTM has six main account types with different features and benefits, while MTrading has only four main account types. However, you should also consider the minimum deposit requirements and the leverage levels of each account type before making a decision.
- Deposit and Withdrawal Options: If you want to have more convenience and ease in depositing and withdrawing funds from your trading account, you may prefer FXTM over MTrading, as FXTM accepts more payment methods than MTrading. However, both brokers do not charge any fees for deposits or withdrawals (except for wire transfer), so you can choose the payment method that works best for you.
- Trading Platforms: If you want to have access to the latest and most advanced trading platform in the market, you may prefer FXTM over MTrading, as FXTM offers MetaTrader 5 (MT5), the newer and more advanced version of MetaTrader 4 (MT4). However, both brokers also provide MT4, which is a user-friendly and widely used platform that supports various features such as charting tools, technical indicators, expert advisors, customizable interface, one-click trading, trailing stop, pending orders, etc. Both brokers also have their own mobile applications for Android and iOS devices, which allow you to trade on the go.
- Analytical Tools: If you want to have more support and guidance in your trading decisions and strategies, you may prefer FXTM over MTrading, as FXTM provides more tools and resources than MTrading, such as market analysis, trading calculators, forex glossary, forex education, FXTM Invest (a copy trading service), FXTM Pivot Points Strategy (a technical analysis tool), etc.
Ultimately, the choice is yours. You should do your own research and compare the brokers based on your own criteria and needs. You can also try their demo accounts or their live accounts with a small amount of money to test their services and performance.
