Compare Weltrade vs FXTM
What is Weltrade? What is FXTM?
Weltrade is an international forex broker that was established in 2006 and offers trading on various instruments, such as FX, indices, commodities, stocks, and cryptocurrencies. Weltrade is regulated by the IFSC in Belize and the FSC in Mauritius.
FXTM is a global forex broker that was founded in 2011 and provides trading on hundreds of assets, including FX, indices, commodities, stocks, and ETFs. FXTM is regulated by several authorities, such as the CySEC in Cyprus, the FCA in the UK, the FSCA in South Africa, and the CMA in Kenya.
Weltrade vs FXTM Regulation Comparison
Weltrade is regulated by the IFSC in Belize and the FSC in Mauritius. These regulators are not very strict or well-known compared to other jurisdictions, and they may not offer much protection or compensation to traders in case of disputes or insolvency.
FXTM is regulated by the CySEC in Cyprus, the FCA in the UK, the FSCA in South Africa, and the CMA in Kenya. These regulators are among the most respected and recognized in the world, and they offer various benefits to traders, such as investor compensation schemes, negative balance protection, segregated accounts, and dispute resolution mechanisms.
Weltrade vs FXTM Trading Assets Comparison
Weltrade offers trading on over 150 instruments, including 45 currency pairs, 10 indices, 4 commodities, 80 stocks, and 12 cryptocurrencies.
FXTM offers trading on over 250 instruments, including 57 currency pairs, 11 indices, 3 commodities, 120 stocks, 3 ETFs, and 5 cryptocurrencies.
Weltrade vs FXTM Trading Fees Comparison
Weltrade has fixed spreads that start from 0 pips on some accounts and commissions that range from $0 to $8 per lot depending on the account type.
FXTM has variable spreads that start from 0.1 pips on some accounts and commissions that vary from $0 to $20 per lot depending on the account type and instrument.
Weltrade vs FXTM Account Types Comparison
Weltrade has six account types: Micro (minimum deposit $25), Premium (minimum deposit $200), Pro (minimum deposit $500), ZuluTrade (minimum deposit $200), Crypto (minimum deposit $50), and PAMM (minimum deposit $200).
FXTM has nine account types: Standard (minimum deposit $100), Cent (minimum deposit $10), Shares (minimum deposit $100), ECN (minimum deposit $500), ECN Zero (minimum deposit $200), Pro (minimum deposit $25,000), ECN MT5 (minimum deposit $500), Strategy Account (minimum deposit $100), and Stocks Account (minimum deposit $100).
Weltrade vs FXTM Deposit Options Comparison
Weltrade accepts deposits and withdrawals via Skrill, Wire transfer, Credit / debit cards, Neteller, Perfect Money, FasaPay, Crypto (Bitcoin Cash ABC/BCHABC , Bitcoin Cash SV/BCHSV , Bitcoin/BTC , Bitcoin Gold/BTG , Dash/DASH , Ethereum/ETH , Litecoin/LTC , Ripple/XRP , Tether/USDT ), Litecoin/LTC , Ethereum/ETH , Ripple/XRP , Tether/USDT . Deposits are free of charge and processed instantly or within 1-3 business days depending on the method. Withdrawals are also free of charge except for wire transfers ($30 fee) and processed within 30 minutes or up to 3 business days depending on the method.
FXTM accepts deposits and withdrawals via WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto (Bitcoin/BTC , Ethereum/ETH , Litecoin/LTC , Ripple/XRP , Tether/USDT ), and Google Pay. Deposits are free of charge and processed instantly or within 1-5 business days depending on the method. Withdrawals may incur fees depending on the method and processed within a few hours or up to 5 business days depending on the method.
Weltrade vs FXTM Trading Platforms Comparison
Weltrade supports MetaTrader 4 and MetaTrader 5 for desktop, web, and mobile devices. These platforms offer advanced charting tools, technical indicators, automated trading systems, and social trading features. Weltrade also provides a proprietary mobile app called FXTM Trader that allows commission-free trading and spreads as low as zero on major FX pairs and gold.
FXTM supports MetaTrader 4 for desktop, web, and mobile devices. This platform offers similar features as MetaTrader 5, but with some differences in terms of execution modes, order types, and analytical tools. FXTM also provides a proprietary mobile app called FXTM Trader that allows commission-free trading and spreads as low as zero on major FX pairs and gold.
Weltrade vs FXTM Analytical Tools Comparison
Weltrade offers a few analytical tools, such as an economic calendar, a market sentiment indicator, a volatility calculator, and a currency converter.
FXTM offers a wide range of analytical tools, such as an economic calendar, a market sentiment indicator, a forex news timeline, a forex calculator, a trading signals service, a copy trading platform, a market outlook blog, a daily market analysis video, a quarterly market outlook report, and free online education courses.
Weltrade 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 as to which broker is better, as each broker has its own advantages and disadvantages. However, you can refer to some general suggestions and tips to help you make an informed choice:
- If you value regulation and security, you may prefer FXTM over Weltrade, as FXTM has more licenses from reputable authorities and offers more protection and benefits to traders.
- If you want to trade a variety of assets, you may prefer FXTM over Weltrade, as FXTM has more options than Weltrade, especially in terms of stocks and ETFs.
- If you are looking for low and fixed fees, you may prefer Weltrade over FXTM, as Weltrade has fixed spreads and commissions, while FXTM has variable spreads and commissions that may change depending on market conditions and account types.
- If you want to have more flexibility and customization in your account types, you may prefer FXTM over Weltrade, as FXTM has more account types than Weltrade, which may give you more options to suit your needs and preferences.
- If you want to use crypto payments for deposits and withdrawals, you may prefer Weltrade over FXTM, as Weltrade has more options than FXTM for crypto payments.
- If you want to use both MetaTrader 4 and MetaTrader 5 as your trading platforms, you may prefer Weltrade over FXTM, as Weltrade supports both platforms, while FXTM only supports MetaTrader 4.
- If you want to access more analytical tools and educational resources, you may prefer FXTM over Weltrade, as FXTM has more tools than Weltrade, especially in terms of market analysis and online education.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open demo accounts with both brokers and test their services and features before committing to a real account. You can also read reviews from other traders and experts to get more insights and opinions.
