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83% of retail CFD accounts lose money
Our top picks for FXTM alternatives
XM
4.4
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69.10% of retail CFD accounts lose money
XTB
4.6
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75% of retail CFD accounts lose money
FXTM Alternatives

The best alternatives to FXTM are

  1. XM - Global CFD and forex broker
  2. XTB - Global CFD and forex broker
  3. Plus500 - Global CFD and forex broker
  4. MarketsX - 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 XM XTB Plus500 MarketsX
Overall score 4.2 4.4 4.6 4.4 3.9
Fees score 4.0 4.0 4.0 4.0 2.0
Account opening score 5.0 5.0 5.0 5.0 5.0
Deposit and withdrawal score 4.0 5.0 5.0 5.0 5.0
Web platform score 3.0 3.0 4.0 4.0 3.0
Markets and products score 2.0 3.0 3.0 2.0 2.0
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83% of retail CFD accounts lose money
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69.10% of retail CFD accounts lose money
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75% of retail CFD accounts lose money
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76.4% of retail CFD accounts lose money
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81.3% 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 4 platform
  • XM is recommended for forex and cfd traders who prefer metatrader platforms and seek low trading fees
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • Plus500 is recommended for experienced traders looking for an easy-to-use platform and a great user experience
  • MarketsX is recommended for traders looking to venture into cfd trading

Important factors of finding FXTM alternatives

So far Brokerchooser has reviewed 57 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
FXTM

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. 83% 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 4 platform

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

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83% of retail CFD accounts lose money

Fees
4.0

FXTM's trading fees are low for stock index CFD fees, while average or low for forex. On the negative side, the stock CFD fees are high.
Pros Cons
Low fees for stock index CFDs High stock CFD fees
Low EURCHF and EURGBP fees
FXTM alternatives trading fees
FXTM XM XTB Plus500 MarketsX
S&P 500 index CFD fee $1.8 $2.4 $2.0 $2.1 $2.6
Europe 50 index CFD fee $2.5 $2.4 $2.2 $1.3 $2.5
EURUSD benchmark fee $17.8 $17.1 $15.0 $17.9 $24.5
GBPUSD benchmark fee $15.5 $13.8 $11.1 $14.0 $25.0

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

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83% 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 XM XTB Plus500 MarketsX
Minimum deposit $500 $5 $250 $100 $250
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about FXTM minimum deposit here.

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83% of retail CFD accounts lose money

Deposit and withdrawal
4.0

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 XM XTB Plus500 MarketsX
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card Yes Yes No Yes Yes
Electronic wallets Yes Yes No Yes Yes
Withdrawal fee $3 $0 $0 $0 $0

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83% of retail CFD accounts lose money

Web trading platform
3.0

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
FXTM - Web trading platform
FXTM and alternatives trading platform scores
FXTM XM XTB Plus500 MarketsX
Web platform score 3.0 3.0 4.0 4.0 3.0
Mobile platform score 4.0 4.0 4.0 5.0 4.0
Desktop platform score 3.0 3.0 4.0 - -

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

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83% of retail CFD accounts lose money

Markets and products
2.0

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 XM XTB Plus500 MarketsX
Stock No Yes Yes No No
ETF No No Yes 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 Yes Yes Yes Yes

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83% 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 stock CFD fees, like 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 4.0
Recommended for Forex traders familiar with the MetaTrader 4 platform

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83% of retail CFD accounts lose money

FXTM alternatives
XM

Trading Point Holding, XM's parent company, was founded in 2009 and it is a global CFD and FX broker. Trading Point Holding has two brands: XM and Trading.com.

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

Trading.com was launched in 2019 and is available only for EEA residents, except Belgian, Cypriot, Greek, and Swiss residents. Trading.com is regulated by the Financial Conduct Authority (FCA).

In this review, we focus on the XM brand.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.10% 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. Risk warnings are shown on the website but they are unclear on percentages

Recommended for forex and cfd traders who prefer metatrader platforms and seek low trading fees

Pros Cons
Low CFD and withdrawal fees Only CFDs, forex, cryptos for Europeans
Easy and fast account opening Average forex fees
Great educational tools Inactivity fee

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69.10% of retail CFD accounts lose money

Fees
4.0

XM has low trading fees for CFD's and no withdrawal fee. On the other hand, the forex fees are average and there is a fee for inactivity.
Pros Cons
Low CFD fees Inactivity fee
No withdrawal fee Average FX fees
FXTM vs. XM: Trading fees
XM FXTM
Apple benchmark fee $3.4 $17.0
Vodafone benchmark fee $5.6 -
EURUSD benchmark fee $17.1 $17.8

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

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69.10% of retail CFD accounts lose money

Account opening
5.0

XM account opening is hassle-free and straightforward. Your account is ready for trading 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 $500
Time to open account 1 day 1 day

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

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69.10% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XM's deposit and withdrawal are fast, can be done in several forms, and are cost-friendly.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
Free wire withdrawal for more than $200 withdrawals
FXTM vs. XM: Withdrawal options
XM FXTM
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

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69.10% of retail CFD accounts lose money

Web trading platform
3.0

The web trading platform of XM 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 price alerts
Good customizability (for charts, workspace) Outdated design
Web trading platform of XM, a FXTM alternative
FXTM vs. XM: Trading platform scores
XM FXTM
Web platform score 3.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

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

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69.10% of retail CFD accounts lose money

Markets and products
3.0

At XM, you can trade with CFDs, forex, and cryptos. Non-European clients can also trade with some real stocks. There are no ETFs, mutual funds, bonds, options, and futures.
FXTM vs. XM: Markets and products
XM FXTM
Stock Yes No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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69.10% of retail CFD accounts lose money

Verdict

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

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

XM has some drawbacks though. Its product range is limited to FX, CFDs, cryptos. Stocks only for non-Europeans. Its forex fees are average. Lastly, a monthly $5 fee is charged after three months of inactivity. 

We recommend XM for clients who prefer CFD and forex trading and are looking for 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 4.0
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees

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69.10% of retail CFD accounts lose money

FXTM alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 low fees and great deposit/withdrawal service

Pros Cons
Low forex and stock index CFD fees High fee for stock CFD
Free and fast deposit and withdrawal Limited product portfolio, mostly CFD and FX
Easy and fast account opening Poor email support

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75% of retail CFD accounts lose money

Fees
4.0

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees
No withdrawal fee
FXTM vs. XTB: Trading fees
XTB FXTM
Apple benchmark fee $17.9 $17.0
Vodafone benchmark fee $20.9 -
EURUSD benchmark fee $15.0 $17.8

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

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75% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FXTM vs. XTB: Minimum deposit, time to open an account
XTB FXTM
Minimum deposit $250 $500
Time to open account 1 day 1 day

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

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75% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
FXTM vs. XTB: Withdrawal options
XTB FXTM
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $3

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75% of retail CFD accounts lose money

Web trading platform
4.0

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of XTB, a FXTM alternative
FXTM vs. XTB: Trading platform scores
XTB FXTM
Web platform score 4.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score 4.0 3.0

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

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75% of retail CFD accounts lose money

Markets and products
3.0

XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
FXTM vs. XTB: Markets and products
XTB FXTM
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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75% of retail CFD accounts lose money

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA and Poland's KNF.
Fees score 4.0
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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75% of retail CFD accounts lose money

FXTM alternatives
Plus500

Plus500 is a London Stock Exchange-listed global CFD and FX broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Plus500 is considered safe because it is listed on a stock exchange, discloses its financials and is regulated by several top-tier financial authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% 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.

Disclaimer for daytraders: At Plus500, scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker.

Recommended for experienced traders looking for an easy-to-use platform and a great user experience

Pros Cons
Easy-to-use platform Limited product portfolio, only CFDs & forex
Low trading fees Minimal research tools
Listed on the London Stock Exchange Mid-range educational section

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76.4% of retail CFD accounts lose money

Fees
4.0

Plus500 has low trading fees and average non-trading fees. Even if they have an inactivity fee, it is applied only if you are not logging in at all.
Pros Cons
Low trading fees Inactivity fee
No withdrawal fee
FXTM vs. Plus500: Trading fees
Plus500 FXTM
Apple benchmark fee $8.9 $17.0
Vodafone benchmark fee $7.6 -
EURUSD benchmark fee $17.9 $17.8

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

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76.4% of retail CFD accounts lose money

Account opening
5.0

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FXTM vs. Plus500: Minimum deposit, time to open an account
Plus500 FXTM
Minimum deposit $100 $500
Time to open account 1 day 1 day

If you are interested more in Plus500 minimum deposit, this overview will help you.

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76.4% of retail CFD accounts lose money

Deposit and withdrawal
5.0

Plus500's deposit and withdrawal services are both great. You have many options, the process is simple and usually free of charge.
Pros Cons
Credit/Debit card available None
No deposit fee
Five withdrawals per month free
FXTM vs. Plus500: Withdrawal options
Plus500 FXTM
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

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76.4% of retail CFD accounts lose money

Web trading platform
4.0

The Plus500 trading platform is very easy to use and also looks great. On the negative side, it cannot be customized.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Plus500, a FXTM alternative
FXTM vs. Plus500: Trading platform scores
Plus500 FXTM
Web platform score 4.0 3.0
Mobile platform score 5.0 4.0
Desktop platform score - 3.0

Learn more about Plus500's web trading platform in the detailed Plus500 review.

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76.4% of retail CFD accounts lose money

Markets and products
2.0

At Plus500 you can trade only with CFDs and forex. There is a wide selection of CFDs and currency pairs to trade with.
FXTM vs. Plus500: Markets and products
Plus500 FXTM
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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76.4% of retail CFD accounts lose money

Verdict

Plus500 is a good CFD and forex broker. It is recommended for traders who are aware of the risks of CFD trading. The broker is regulated by several financial authorities globally, including the UK's FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by Plus500 Cyprus, thus the Cypriot investor protection will apply.

Attention Daytraders! At Plus500 scalping is defined as "a trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you are scalping, your account may be blocked and closed. Therefore, if you plan to execute many trades within 2 minutes, Plus500 is not your broker.

The Plus500 platform is easy to use, with a great user experience, which even first-time users can navigate with ease. Spreads are competitive, but financing rates are quite high. Some more advanced research tools would be useful. 

As there is no minimum balance required, no withdrawal fee above $100, and the inactivity fee only kicks in after three months, feel free to give Plus500 a try.

Plus500
Summary Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus.
Fees score 4.0
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience

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76.4% of retail CFD accounts lose money

FXTM alternatives
MarketsX

Markets.com has done a rebranding in 2019 and the new brand for trading is MarketsX.

Markets.com was founded in 2010 and it is a global CFD and FX broker. It is regulated by several financial authorities, like the Cypriot CySEC or the UK FCA. 

It is considered safe, because it's regulated by at least one top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.3% 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 traders looking to venture into cfd trading

Pros Cons
Free and fast deposit and withdrawal High trading fees
Easy and fast account opening Limited product portfolio
Great tools for learning and research Important features missing on trading platforms

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81.3% of retail CFD accounts lose money

Fees
2.0

MarketsX charges no account, deposit or withdrawal fees and the CFD fees are low, too. On the flip side, financing rates and forex fees are high and inactivity fee can kick in as well.
Pros Cons
No withdrawal fee High trading fees
Low CFD fees High forex fees
High financing rate
FXTM vs. MarketsX: Trading fees
MarketsX FXTM
Apple benchmark fee $6.4 $17.0
Vodafone benchmark fee $6.7 -
EURUSD benchmark fee $24.5 $17.8

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

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81.3% of retail CFD accounts lose money

Account opening
5.0

Account opening at MarketsX is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
FXTM vs. MarketsX: Minimum deposit, time to open an account
MarketsX FXTM
Minimum deposit $250 $500
Time to open account 1 day 1 day

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

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81.3% of retail CFD accounts lose money

Deposit and withdrawal
5.0

MarketsX provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
FXTM vs. MarketsX: Withdrawal options
MarketsX FXTM
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

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81.3% of retail CFD accounts lose money

Web trading platform
3.0

MarketsX's web trading platform is easy to use, has a clear fee report and good search function. On the other hand, we missed the two-step login, the customizability, and the order confirmation.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function No order confirmation
Web trading platform of MarketsX, a FXTM alternative
FXTM vs. MarketsX: Trading platform scores
MarketsX FXTM
Web platform score 3.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score - 3.0

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

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81.3% of retail CFD accounts lose money

Markets and products
2.0

MarketsX has a limited product portfolio as you can only trade with CFDs, forex, a couple of cryptos and CFD funds.
FXTM vs. MarketsX: Markets and products
MarketsX FXTM
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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81.3% of retail CFD accounts lose money

Verdict

In this review, we tested MarketsX thoroughly and here is the verdict: it is an ok broker, especially if you want to concentrate on CFD trading. The account opening is seamless and fast, it has good research tools and great customer service and it is also regulated by multiple top-tier financial regulators, like the FCA and the ASIC. On the other hand, the trading fees are high and it offers only CFDs and forex. We also missed some important features on the trading platforms like two-step authentication or price alerts on the web.

All in all, it is a good choice. As the account opening is super easy and there is no inactivity fee, feel free to try it.

MarketsX
Summary MarketsX is a brand belonging to Markets.com, a global CFD and forex broker regulated by the UK FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. It has a UK parent, which is listed on the London Stock Exchange.
Fees score 2.0
Recommended for Traders looking to venture into CFD trading

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81.3% 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 4 platform
XM Global CFD and forex broker Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
Plus500 Global CFD and forex broker Experienced traders looking for an easy-to-use platform and a great user experience
MarketsX Global CFD and forex broker Traders looking to venture into CFD trading

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

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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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