The best alternatives to FXTM are
- XM - Global CFD and forex broker
- Tickmill - Global forex broker
- FxPro - Global CFD and forex broker
- Admirals (Admiral Markets) - Global forex and CFD broker
Let's see in a bit more detail how the FXTM alternatives compare to FXTM and each other:
| FXTM | XM | Tickmill | FxPro | Admirals (Admiral Markets) | |
|---|---|---|---|---|---|
| Overall score | 4.3 stars | 4.4 stars | 4.5 stars | 4.2 stars | 4.7 stars |
| Fees score | 3.9 stars | 4.3 stars | 4.3 stars | 3.8 stars | 3.9 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.2 stars | 5.0 stars | 4.5 stars | 4.5 stars | 5.0 stars |
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars | 2.8 stars | 2.8 stars |
| Markets and products score | 2.7 stars | 2.5 stars | 2.4 stars | 2.1 stars | 4.1 stars |
|
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74.89% of retail CFD accounts lose money |
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76% of retail CFD accounts lose money |
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79.27% of retail CFD accounts lose money |
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80% 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
- XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
- Tickmill is recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
- FxPro is recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
- Admirals (Admiral Markets) is recommended for forex traders who are familiar with the metatrader trading platforms
Important factors of finding FXTM alternatives
So far BrokerChooser has reviewed 101 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. FXTM is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost FXTM alternative.
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
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 Financial Services Commission of Belize (FSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% 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
|
Fees
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
|
| XM | FXTM | |
|---|---|---|
| Apple benchmark fee | $6.7 | $31.5 |
| Vodafone benchmark fee | $2.3 | - |
| EURUSD benchmark fee | $17.5 | $13.2 |
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
Account opening
XM account opening is hassle-free and straightforward. You may be able to start using your account already on the same day.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• Low minimum deposit
|
|
| XM | FXTM | |
|---|---|---|
| Minimum deposit | $5 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in XM minimum deposit, this overview will help you.
Deposit and withdrawal
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
|
|
| XM | FXTM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $3 |
Web trading platform
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
|
| 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.
Markets and products
CFDs and forex are available for all clients, but real stocks only for clients under the IFSC-regulated entity. Popular asset classes, like real ETFs, bonds or options are missing.
| XM | FXTM | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | No | No |
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, and the broker offers a wide range of educational tools of great quality.
XM has some drawbacks though. Its product range is limited to forex 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 | 4.3 stars |
| Recommended for | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
FXTM alternatives
Tickmill
Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the UK; and as such is considered a safe broker.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 looking for low fees who are familiar with the metatrader 4 platform
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Outdated platform design and functions
|
|
• Fast and easy account opening
|
• Basic news feed
|
|
• Free deposit and withdrawal
|
|
Fees
Tickmill has low forex fees and average CFD fees. There is no fee for deposit, withdrawal or inactivity.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
None |
|
• No withdrawal fee
|
|
|
• No inactivity fee
|
|
| Tickmill | FXTM | |
|---|---|---|
| EURUSD benchmark fee | $12.5 | $13.2 |
| EURGBP benchmark fee | $9.0 | $12.0 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Tickmill has a fast and easy account opening process with quick verification. The minimum deposit is low at just $100.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• Low minimum deposit
|
|
| Tickmill | FXTM | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in Tickmill minimum deposit, this overview will help you.
Deposit and withdrawal
Deposit and withdrawal are fast and free of charge, and can be done via bank transfer, credit/debit cards and e-wallets; though only a few account base currencies are available.
| Pros | Cons |
|---|---|
|
• Free withdrawal
|
• Few account base currencies
|
|
• No deposit fee
|
|
| Tickmill | FXTM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $3 |
Web trading platform
Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. However, the platform lacks price alerts and its 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
|
| Tickmill | 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 Tickmill's web trading platform in the detailed Tickmill review.
Markets and products
You can trade CFDs on forex, stocks, stock indices, commodities and German government bonds. You can also trade options and futures, but popular asset clases such as ETFs, bonds or funds are missing.
| Tickmill | FXTM | |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | Yes |
| Crypto | Yes | No |
Verdict
Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally including the top-tier UK FCA.
On the plus side, we liked Tickmill's low forex fees. Account opening is seamless and there are many free deposit/withdrawal options.
Tickmill has some drawbacks though. The trading platforms have an outdated design, and the quality of some research tools is uneven.
We recommend Tickmill for those who are interested in CFD and forex trading and are familiar with the MetaTrader trading platforms. Feel free to test it via the demo account.
| Tickmill | |
|---|---|
| Summary | Tickmill is a low-cost forex and CFD broker. It is regulated by several financial authorities, including the top-tier FCA. |
| Fees score | 4.3 stars |
| Recommended for | Forex traders looking for low fees who are familiar with the MetaTrader 4 platform |
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. 79.27% 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
|
Fees
FxPro has low forex fees and free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• No withdrawal fee
|
• High stock CFD fees
|
| FxPro | FXTM | |
|---|---|---|
| Apple benchmark fee | $10.0 | $31.5 |
| Vodafone benchmark fee | $16.1 | - |
| EURUSD benchmark fee | $15.0 | $13.2 |
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
Account opening
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
|
|
| FxPro | FXTM | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in FxPro minimum deposit, this overview will help you.
Deposit and withdrawal
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
|
|
| FxPro | FXTM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $3 |
Web trading platform
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
|
| FxPro | FXTM | |
|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars |
| Mobile platform score | 4.3 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.
Markets and products
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.
| FxPro | FXTM | |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | No |
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 12 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.
*May vary on jurisdiction
| 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 | 3.8 stars |
| Recommended for | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
FXTM alternatives
Admirals (Admiral Markets)
Admirals (Admiral Markets) is a Global forex and CFD broker founded in 2001. It is overseen by multiple regulators in the various regions it serves. These regulators are the UK's Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the Jordan Securities Commission (JSC). Of these, the FCA and the ASIC are top-tier financial authorities.
Admirals is considered safe because it has a long track record, discloses its financials, and its parent company, the Admirals Group is listed on a stock exchange.
Admirals was formerly called Admiral Markets, but it is currently going trough a rebranding process. This should be of no concern to clients, as this doesn't affect the broker's services in any negative way.
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 who are familiar with the metatrader trading platforms
| Pros | Cons |
|---|---|
|
• Low forex CFD fees
|
• Product portfolio limited mostly to CFDs
|
|
• Free and fast deposit and withdrawal
|
• Inactivity fee
|
|
• Straightforward account opening
|
• No 24/7 customer service
|
Fees
Admirals (Admiral Markets) has low trading fees, especially when it comes to forex. On the negative side, it charges an inactivity fee.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• Inactivity fee
|
|
• No withdrawal fee
|
|
| Admirals (Admiral Markets) | FXTM | |
|---|---|---|
| Apple benchmark fee | $4.6 | $31.5 |
| Vodafone benchmark fee | $12.1 | - |
| EURUSD benchmark fee | $15.1 | $13.2 |
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
Account opening
The account opening and verification process is fast and fully digital. The minimum deposit is $100, which is definitely not excessive.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• Low minimum deposit
|
|
| Admirals (Admiral Markets) | FXTM | |
|---|---|---|
| Minimum deposit | $100 | $50 |
| Time to open account | 1 day | 1 day |
If you are interested more in Admirals (Admiral Markets) minimum deposit, this overview will help you.
Deposit and withdrawal
Admirals charges no deposit or withdrawal fees. You can use cards, bank transfer or e-wallets for deposit and withdrawal, but some e-wallet options aren't available for all clients.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• E-wallet options aren't available for all customers
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Admirals (Admiral Markets) | FXTM | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $3 |
Web trading platform
Admirals uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
• No price alerts
|
|
• Order confirmation
|
|
| Admirals (Admiral Markets) | 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 Admirals (Admiral Markets)'s web trading platform in the detailed Admirals (Admiral Markets) review.
Markets and products
For most users, Admirals (Admiral Markets) mainly provides forex, CFD and cryptos. For those using the Invest.MT5 account type, it offers real stocks and ETFs as well.
| Admirals (Admiral Markets) | FXTM | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | No |
Verdict
Admirals (Admiral Markets) is a great CFD broker. It is regulated by several financial authorities globally, including the UK's FCA and Australia's ASIC.
On the plus side, Admirals' CFD trading fees are low, while forex fees aren't high either. We also liked that the deposit and withdrawal process is fast and mostly free. The account opening process is seamless, hassle-free and quick.
Admirals has some drawbacks, though. The product range is mainly limited to CFDs, although real stock and ETF trading is available for one specific account type.
We recommend Admirals for clients interested in forex or CFD trading who want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
| Admirals (Admiral Markets) | |
|---|---|
| Summary | Admirals is a global forex and CFD broker, which is regulated by several authorities, including the top-tier FCA and ASIC. |
| Fees score | 3.9 stars |
| Recommended for | Forex traders who are familiar with the MetaTrader trading platforms |
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. 77% 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
|
• Average CFD fees
|
|
• Great educational tools
|
• Inactivity and withdrawal fees
|
|
• Digital and fast account opening
|
• Limited product portfolio
|
Fees
FXTM's trading fees are low for forex, but average for CFDs. There is also a withdrawal fee.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• Withdrawal fee
|
|
• Low forex fees
|
• Average CFD fees
|
|
• Low financing rate
|
|
| FXTM | XM | Tickmill | FxPro | Admirals (Admiral Markets) | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $2.6 | $2.5 | $2.6 | $2.7 | $2.3 |
| Europe 50 index CFD fee | $2.5 | $3.1 | $2.2 | $2.1 | $1.6 |
| EURUSD benchmark fee | $13.2 | $17.5 | $12.5 | $15.0 | $15.1 |
| GBPUSD benchmark fee | $8.4 | $12.2 | $7.0 | $12.2 | $7.8 |
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
Account opening
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 | XM | Tickmill | FxPro | Admirals (Admiral Markets) | |
|---|---|---|---|---|---|
| Minimum deposit | $50 | $5 | $100 | $100 | $100 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about FXTM minimum deposit here.
Deposit and withdrawal
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 | XM | Tickmill | FxPro | Admirals (Admiral Markets) | |
|---|---|---|---|---|---|
| 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 |
Web trading platform
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 | XM | Tickmill | FxPro | Admirals (Admiral Markets) | |
|---|---|---|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 3.8 stars | 4.3 stars | 3.8 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.
Markets and products
FXTM's product selection covers forex and CFDs. Non-EU clients can also trade with real stocks. On the negative side, it lacks ETFs, mutual funds, bonds, options, and futures.
| FXTM | XM | Tickmill | FxPro | Admirals (Admiral Markets) | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | No | No | Yes |
| ETFs | No | No | No | No | Yes |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Funds | No | No | No | No | No |
| Bonds | No | No | No | No | No |
| Options | No | No | Yes | No | No |
| Futures | No | No | Yes | No | No |
| CFDs | Yes | Yes | Yes | Yes | Yes |
| Crypto | No | No | Yes | Yes | Yes |
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 | 3.9 stars |
| Recommended for | Forex traders familiar with the MetaTrader platform |
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.
| Broker | Info | Recommended for |
|---|---|---|
| FXTM | Global CFD and forex broker | Forex traders familiar with the MetaTrader platform |
| XM | Global CFD and forex broker | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
| Tickmill | Global forex broker | Forex traders looking for low fees who are familiar with the MetaTrader 4 platform |
| FxPro | Global CFD and forex broker | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
| Admirals (Admiral Markets) | Global forex and CFD broker | Forex traders who are familiar with the MetaTrader trading platforms |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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