FXTM Logo
Our top alternative brokers to FXTM
FxPro
4.2
Open account
76.14% of retail CFD accounts lose money
XM
4.5
Open account
78.04% of retail CFD accounts lose money
Our top alternative brokers to FXTM
FxPro
4.2
Open account
76.14% of retail CFD accounts lose money
XM
4.5
Open account
78.04% of retail CFD accounts lose money
FXTM Alternatives

The best alternatives to FXTM are

  1. FxPro - Global CFD and forex broker
  2. XM - Global CFD and forex broker
  3. Capital.com - Global CFD and forex broker
  4. AvaTrade - Global CFD and forex broker

Let's see in a bit more detail how the FXTM alternatives compare to FXTM and each other:

FXTM alternatives comparison
FXTM FxPro XM Capital.com AvaTrade
Overall score 4.3 4.2 4.5 4.6 4.5
Fees score 3.4 stars 3.4 stars 3.8 stars 4.1 stars 3.4 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 3.7 stars 4.5 stars 5.0 stars 4.5 stars 4.5 stars
Web platform score 2.8 stars 2.8 stars 2.8 stars 3.9 stars 3.8 stars
Markets and products score 2.4 stars 1.5 stars 2.5 stars 2.2 stars 2.0 stars
Open account
81% of retail CFD accounts lose money
Open account
76.14% of retail CFD accounts lose money
Open account
78.04% of retail CFD accounts lose money
Open account
71.2% of retail CFD accounts lose money
Open account
72% of retail CFD accounts lose money

Why are these brokers considered good alternatives to FXTM? There are many areas based on which FXTM can be compared with others. When we say a given online broker is a good alternative to FXTM we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

FXTM alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • FXTM is recommended for forex traders familiar with the metatrader platform
  • FxPro is recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
  • XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
  • Capital.com is recommended for forex and cfd traders looking for great trading platform and customer service
  • AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms

Important factors of finding FXTM alternatives

So far BrokerChooser has reviewed 82 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether FXTM or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts FXTM charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than FXTM.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At FXTM this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at FXTM, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given FXTM alternative is a must.


Now let's dive into the details of how FXTM and its alternatives perform in the most important areas!

FXTM alternatives
FXTM

Disclaimer:  from March 2021, FXTM ends retail operations in the EEA, under CySEC regulation. Only professional clients will be able to use FXTM's services in this region.

FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

FXTM is considered safe because it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders familiar with the metatrader platform

Pros Cons
Superb customer service High CFD fees
Great educational tools Inactivity and withdrawal fees
Digital and fast account opening Limited product portfolio

Open account
81% of retail CFD accounts lose money

Fees
3.4

FXTM's trading fees are low for forex, but average for CFDs. There is also a withdrawal fee.
Pros Cons
Low forex fees Withdrawal fee
Low financing rate Average CFD fees
FXTM alternatives trading fees
FXTM FxPro XM Capital.com AvaTrade
S&P 500 index CFD fee $2.2 $2.7 $1.7 $3.1 $1.1
Europe 50 index CFD fee $2.4 $2.6 $2.4 $2.9 $0.8
EURUSD benchmark fee $8.2 $8.8 $9.5 $7.6 $10.3
GBPUSD benchmark fee $7.4 $7.6 $8.2 $5.5 $9.2

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

Open account More
81% of retail CFD accounts lose money

Account opening
5.0

FXTM account opening is fully digital, easy and fast. Your account will be ready within 1-2 business days. There are also a lot of account types you can choose from.
Pros Cons
Fast None
Fully digital
User-friendly
FXTM alternatives minimum deposit and account open times
FXTM FxPro XM Capital.com AvaTrade
Minimum deposit $10 $100 $5 $20 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about FXTM minimum deposit here.

Open account More
81% of retail CFD accounts lose money

Deposit and withdrawal
3.7

FXTM offers a great variety of deposit and withdrawal options. Almost everything is available, including credit cards, bank transfer and electronic wallets. The main disadvantage is that FXTM charges a fee for most withdrawal types.
Pros Cons
Credit/Debit card available Most of the withdrawal options have a fee
No deposit fee
Quick deposit and withdrawal - within 3 days
FXTM and alternatives withdrawal options and fees
FXTM FxPro XM Capital.com AvaTrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes Yes Yes Yes
Electronic wallets Yes Yes Yes Yes Yes
Withdrawal fee $3 $0 $0 $0 $0

Open account More
81% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of FXTM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
FXTM - Web trading platform
FXTM and alternatives trading platform scores
FXTM FxPro XM Capital.com AvaTrade
Web platform score 2.8 stars 2.8 stars 2.8 stars 3.9 stars 3.8 stars
Mobile platform score 3.8 stars 3.8 stars 3.8 stars 4.9 stars 4.7 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.4 stars

Learn more about FXTM's web trading platform in the detailed FXTM review.

Open account
81% of retail CFD accounts lose money

Markets and products
2.4

FXTM's product selection covers forex CFDs and cryptos. Non-EU clients can also trade with real stocks. On the negative side, it lacks ETFs, mutual funds, bonds, options, and futures.
FXTM and alternatives markets and products
FXTM FxPro XM Capital.com AvaTrade
Stock Yes No Yes No No
ETF No No No No No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes No No Yes Yes

Open account More
81% of retail CFD accounts lose money

Verdict

FXTM is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA).

On the plus side, customer support gives fast and relevant answers. There are several educational tools, including demo accounts and webinars. The account opening is fully digital and fast.

FXTM has some drawbacks though: it charges high CFD fees, inactivity, and withdrawal fees, and the product range is limited.

As account opening only takes a short time, and customer support is helpful and reliable, feel free to try FXTM.

FXTM
Summary FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. It is licensed by South Africa's FSCA.
Fees score 3.4 stars
Recommended for Forex traders familiar with the MetaTrader platform

Open account More
81% of retail CFD accounts lose money

FXTM alternatives
FxPro

FxPro is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities globally, including the UK's top-tier Financial Conduct Authority (FCA).

FxPro is considered safe because it is regulated by the top-tier FCA and it has a relatively long track record.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.14% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform

Pros Cons
Superb account opening process Only CFDs and forex
Great customer service High trading fees for some stock CFDs
Free deposit and withdrawal Inactivity fee

Open account
76.14% of retail CFD accounts lose money

Fees
3.4

FxPro has free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.
Pros Cons
No withdrawal fee Inactivity fee
Low financing rate High stock CFD fees
FXTM vs. FxPro: Trading fees
FxPro FXTM
Apple benchmark fee $11.5 $36.5
Vodafone benchmark fee $33.8 -
EURUSD benchmark fee $8.8 $8.2

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
76.14% of retail CFD accounts lose money

Account opening
5.0

FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FXTM vs. FxPro: Minimum deposit, time to open an account
FxPro FXTM
Minimum deposit $100 $10
Time to open account 1 day 1 day

If you are interested more in FxPro minimum deposit, this overview will help you.

Open account More
76.14% of retail CFD accounts lose money

Deposit and withdrawal
4.5

FxPro offers free and fast deposit and withdrawal, via various channels including bank transfer, credit/debit cards and electronic wallets.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
FXTM vs. FxPro: Withdrawal options
FxPro FXTM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

Open account More
76.14% of retail CFD accounts lose money

Web trading platform
2.8

FxPro offers several trading platforms. The MT4 platform we tested is highly customizable and has a clear fee report, but the platform lacks price alerts and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of FxPro, a FXTM alternative
FXTM vs. FxPro: Trading platform scores
FxPro FXTM
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about FxPro's web trading platform in the detailed FxPro review.

Open account
76.14% of retail CFD accounts lose money

Markets and products
1.5

At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices. However, popular products such as real stocks or ETFs are not available.
FXTM vs. FxPro: Markets and products
FxPro FXTM
Stock No Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No Yes

Open account More
76.14% of retail CFD accounts lose money

Verdict

FxPro is regulated by several authorities globally, including the top-tier FCA.

On the plus side, opening an account is fast and takes place fully online and there are a lot of free deposit/withdrawal options. FxPro has great customer service, with many languages supported. 

FxPro has some drawbacks though. Its product range is limited to CFDs and forex. Its trading fees are generally low, but relatively high for some stock CFDs. A $15 one-off account maintenance fee and a monthly $5 fee is charged after six months of inactivity. 

We recommend FxPro for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. Feel free to test it via the demo account.

FxPro
Summary FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. It is also licensed by South Africa's FSCA.
Fees score 3.4 stars
Recommended for Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform

Open account More
76.14% of retail CFD accounts lose money

FXTM alternatives
XM

XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening

Pros Cons
Low stock CFD and withdrawal fees Limited product portfolio
Easy and fast account opening Average forex and stock index CFD fees
Great educational tools No investor protection for non-EU clients

Open account
78.04% of retail CFD accounts lose money

Fees
3.8

XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex and stock index fees are only average, and there is a fee for inactivity.
Pros Cons
No withdrawal fee Inactivity fee
Low stock CFD fees Average FX fees
FXTM vs. XM: Trading fees
XM FXTM
Apple benchmark fee $6.4 $36.5
Vodafone benchmark fee $1.2 -
EURUSD benchmark fee $9.5 $8.2

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
78.04% of retail CFD accounts lose money

Account opening
5.0

XM account opening is hassle-free and straightforward. You may be able to trade on your account already on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FXTM vs. XM: Minimum deposit, time to open an account
XM FXTM
Minimum deposit $5 $10
Time to open account 1 day 1 day

If you are interested more in XM minimum deposit, this overview will help you.

Open account More
78.04% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XM's deposit and withdrawal processes are fast and inexpensive, and offer you several options.
Pros Cons
Credit/Debit card available None
Several account base currencies
Free wire withdrawal above $200
FXTM vs. XM: Withdrawal options
XM FXTM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

Open account More
78.04% of retail CFD accounts lose money

Web trading platform
2.8

XM's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of XM, a FXTM alternative
FXTM vs. XM: Trading platform scores
XM FXTM
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about XM's web trading platform in the detailed XM review.

Open account
78.04% of retail CFD accounts lose money

Markets and products
2.5

XM provides CFDs and forex for all clients, while real stocks are available only for clients opening their accounts under the IFSC-regulated entity. Popular asset classes, like real ETFs, bonds or options are missing.
FXTM vs. XM: Markets and products
XM FXTM
Stock Yes Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No Yes

Open account More
78.04% of retail CFD accounts lose money

Verdict

XM is regulated by several authorities globally, including the top-tier ASIC.

On the plus side, we liked the low stock CFD and withdrawal fees. The account opening process is seamless and hassle-free. There is a wide range of educational tools of great quality.

XM has some drawbacks though. Its product range is limited to FX and CFDs. Its forex and stock index CFD fees are average, and non-EU customers are not covered by any investor protection.

We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

XM
Summary XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Fees score 3.8 stars
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening

Open account More
78.04% of retail CFD accounts lose money

FXTM alternatives
Capital.com

Capital.com is a global CFD and forex broker that was founded in 2016, with offices in London, Cyprus and Belarus. It is regulated by the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the National Bank of the Republic of Belarus (NBRB).

Capital.com is considered safe because it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for great trading platform and customer service

Pros Cons
Low forex and stock CFD fees Limited product portfolio
Great account opening experience No fundamental data
Excellent customer support No price alerts on web platform

Open account
71.2% of retail CFD accounts lose money

Fees
4.1

Capital.com has low forex and CFD fees. The non-trading fees are low as well, there are no inactivity or withdrawal fees charged. On the other hand, the stock index CFD fees are not the most competitive.
Pros Cons
Low forex and stock CFD fees Average stock index CFD fees
No withdrawal fee
No inactivity fee
FXTM vs. Capital.com: Trading fees
Capital.com FXTM
Apple benchmark fee $3.1 $36.5
Vodafone benchmark fee $2.7 -
EURUSD benchmark fee $7.6 $8.2

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
71.2% of retail CFD accounts lose money

Account opening
5.0

Capital.com has one of the best account opening processes we've seen: it is simple, quick, well-designed and intuitive. We were impressed.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FXTM vs. Capital.com: Minimum deposit, time to open an account
Capital.com FXTM
Minimum deposit $20 $10
Time to open account 1 day 1 day

If you are interested more in Capital.com minimum deposit, this overview will help you.

Open account More
71.2% of retail CFD accounts lose money

Deposit and withdrawal
4.5

Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay. However, only three major currencies (USD, GBP, EUR) and one smaller (PLN) are available.
Pros Cons
Credit/Debit card available Smaller currencies not available
Free withdrawal
No deposit fee
FXTM vs. Capital.com: Withdrawal options
Capital.com FXTM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

Open account More
71.2% of retail CFD accounts lose money

Web trading platform
3.9

Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, it has limited customizability and lacks price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of Capital.com, a FXTM alternative
FXTM vs. Capital.com: Trading platform scores
Capital.com FXTM
Web platform score 3.9 stars 2.8 stars
Mobile platform score 4.9 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Capital.com's web trading platform in the detailed Capital.com review.

Open account
71.2% of retail CFD accounts lose money

Markets and products
2.2

Capital.com has an impressive selection of CFD, forex and crypto products compared to other CFD brokers. However, it lacks popular asset types like real stocks, ETFs and funds.
FXTM vs. Capital.com: Markets and products
Capital.com FXTM
Stock No Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
71.2% of retail CFD accounts lose money

Verdict

Capital.com is a great CFD and forex broker, regulated by the FCA, a top-tier authority.

On the plus side, the stock CFD and forex fees are low, the account opening is very user-friendly, and customer support is exceptional.

On the other hand, Capital.com offers only CFD, forex, and crypto asset classes. Fundamental data and price alerts are missing from the web platform.

As there is no inactivity fee and account opening is quick, feel free to try Capital.com.

Capital.com
Summary Capital.com is a global CFD and forex broker. It is regulated by the FCA, CySEC, and NBRB.
Fees score 4.1 stars
Recommended for Forex and CFD traders looking for great trading platform and customer service

Open account More
71.2% of retail CFD accounts lose money

FXTM alternatives
AvaTrade

AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an option to use metatrader platforms

Pros Cons
Easy and fast account opening Only CFDs, forex, and cryptos offered
Free deposit and withdrawal options High inactivity fees
Great research tools Average forex fees

Open account
72% of retail CFD accounts lose money

Fees
3.4

AvaTrade has low CFD and average forex fees. Withdrawals are free of charge, but inactivity fees are quite high.
Pros Cons
No withdrawal fee High inactivity fees
Low CFD fees FX trading fees are average
FXTM vs. AvaTrade: Trading fees
AvaTrade FXTM
Apple benchmark fee $9.0 $36.5
Vodafone benchmark fee $6.0 -
EURUSD benchmark fee $10.3 $8.2

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
72% of retail CFD accounts lose money

Account opening
5.0

Account opening at AvaTrade is seamless and fully digital. You can start trading literally in minutes.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FXTM vs. AvaTrade: Minimum deposit, time to open an account
AvaTrade FXTM
Minimum deposit $100 $10
Time to open account 1 day 1 day

If you are interested more in AvaTrade minimum deposit, this overview will help you.

Open account More
72% of retail CFD accounts lose money

Deposit and withdrawal
4.5

AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days, and debit card deposits can also be slow.
Pros Cons
Free withdrawal Slow withdrawal - over 3 days
No deposit fee
Credit/Debit cards, electronic wallets
FXTM vs. AvaTrade: Withdrawal options
AvaTrade FXTM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

Open account More
72% of retail CFD accounts lose money

Web trading platform
3.8

AvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited customizability (for charts, workspace)
AvaProtect order type No price alerts
Web trading platform of AvaTrade, a FXTM alternative
FXTM vs. AvaTrade: Trading platform scores
AvaTrade FXTM
Web platform score 3.8 stars 2.8 stars
Mobile platform score 4.7 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.

Open account
72% of retail CFD accounts lose money

Markets and products
2.0

AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks, bonds or mutual funds.
FXTM vs. AvaTrade: Markets and products
AvaTrade FXTM
Stock No Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
72% of retail CFD accounts lose money

Verdict

AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), therefore it is considered safe.

We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research.

AvaTrade has some drawbacks though. The product range is limited to forex, CFDs, and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern.

As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try AvaTrade.

AvaTrade
Summary AvaTrade is a global forex and CFD broker. It is regulated by several financial authorities globally, including the Central Bank of Ireland and Australia's ASIC.
Fees score 3.4 stars
Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms

Open account More
72% of retail CFD accounts lose money

FXTM alternatives
Bottom line

Based on our analysis, there are several good alternatives to FXTM. They all offer similar products and target similar customers. Here's a recap of the results in a table.

FXTM alternatives
Broker Info Recommended for
FXTM Global CFD and forex broker Forex traders familiar with the MetaTrader platform
FxPro Global CFD and forex broker Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform
XM Global CFD and forex broker Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Capital.com Global CFD and forex broker Forex and CFD traders looking for great trading platform and customer service
AvaTrade Global CFD and forex broker Forex and CFD traders looking for an option to use MetaTrader platforms

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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81% of retail CFD accounts lose money
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76.14% of retail CFD accounts lose money
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78.04% of retail CFD accounts lose money
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71.2% of retail CFD accounts lose money
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72% of retail CFD accounts lose money
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