Our top alternative brokers to FXTM
XM
Visit broker
74.89% of retail CFD accounts lose money
Tickmill
Visit broker
76% of retail CFD accounts lose money
FXTM Alternatives

The best alternatives to FXTM are

  1. XM - Global CFD and forex broker
  2. Tickmill - Global forex broker
  3. FxPro - Global CFD and forex broker
  4. 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 alternatives comparison
FXTM XM Tickmill FxPro Admirals (Admiral Markets)
Overall score 4.3 stars 4.2 stars 4.6 stars 4.2 stars 4.7 stars
Fees score 3.9 stars 3.7 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 3.9 stars
Visit broker
74.89% of retail CFD accounts lose money
Visit broker
76% of retail CFD accounts lose money
Visit broker
79.27% of retail CFD accounts lose money
Visit broker
81% 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 metatrader trading platforms

Important factors of finding FXTM alternatives

So far BrokerChooser has reviewed 102 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

Visit broker
74.89% of retail CFD accounts lose money

Fees
3.7

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 $6.7 $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

Visit broker More
74.89% of retail CFD accounts lose money

Account opening
5.0

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
FXTM vs. XM: Minimum deposit, time to open an account
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.

Visit broker More
74.89% 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

Visit broker More
74.89% 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.

Visit broker
74.89% of retail CFD accounts lose money

Markets and products
2.5

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.
FXTM vs. XM: Markets and products
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

Visit broker More
74.89% 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, 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 3.7 stars
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening

Visit broker More
74.89% of retail CFD accounts lose money

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

Visit broker
76% of retail CFD accounts lose money

Fees
4.3

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
FXTM vs. Tickmill: Trading fees
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.

Visit broker More
76% of retail CFD accounts lose money

Account opening
5.0

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
FXTM vs. Tickmill: Minimum deposit, time to open an account
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.

Visit broker More
76% of retail CFD accounts lose money

Deposit and withdrawal
4.5

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
FXTM vs. Tickmill: Withdrawal options
Tickmill FXTM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

Visit broker More
76% of retail CFD accounts lose money

Web trading platform
2.8

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
Web trading platform of Tickmill, a FXTM alternative
FXTM vs. Tickmill: Trading platform scores
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.

Visit broker
76% of retail CFD accounts lose money

Markets and products
2.4

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.
FXTM vs. Tickmill: Markets and products
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

Visit broker More
76% of retail CFD accounts lose money

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

Visit broker More
76% 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. 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

Visit broker
79.27% of retail CFD accounts lose money

Fees
3.8

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
FXTM vs. FxPro: Trading 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

Visit broker More
79.27% 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 $50
Time to open account 1 day 1 day

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

Visit broker More
79.27% 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

Visit broker More
79.27% 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 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.

Visit broker
79.27% of retail CFD accounts lose money

Markets and products
2.1

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
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

Visit broker More
79.27% 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 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

Visit broker More
79.27% of retail CFD accounts lose money

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 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

Visit broker
81% of retail CFD accounts lose money

Fees
3.9

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
FXTM vs. Admirals (Admiral Markets): Trading fees
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

Visit broker More
81% of retail CFD accounts lose money

Account opening
5.0

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
FXTM vs. Admirals (Admiral Markets): Minimum deposit, time to open an account
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.

Visit broker More
81% of retail CFD accounts lose money

Deposit and withdrawal
5.0

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
FXTM vs. Admirals (Admiral Markets): Withdrawal options
Admirals (Admiral Markets) FXTM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $3

Visit broker More
81% of retail CFD accounts lose money

Web trading platform
2.8

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
Web trading platform of Admirals (Admiral Markets), a FXTM alternative
FXTM vs. Admirals (Admiral Markets): Trading platform scores
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.

Visit broker
81% of retail CFD accounts lose money

Markets and products
3.9

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.
FXTM vs. Admirals (Admiral Markets): Markets and products
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

Visit broker More
81% of retail CFD accounts lose money

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 MetaTrader trading platforms

Visit broker More
81% of retail CFD accounts lose money

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
3.9

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 alternatives trading fees
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
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 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
4.2

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 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
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 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
2.7

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 and alternatives markets and products
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.

FXTM alternatives
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 MetaTrader trading 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 András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

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

Visit FXTM
80% of retail CFD accounts lose money
Visit XM
74.89% of retail CFD accounts lose money
Visit Tickmill
76% of retail CFD accounts lose money
Visit FxPro
79.27% of retail CFD accounts lose money
Visit Admirals (Admiral Markets)
81% of retail CFD accounts lose money

Share

Comments

×