
The best alternatives to FXTM are
- FxPro - Global CFD and forex broker
- XM - Global CFD and forex broker
- Capital.com - Global CFD and forex broker
- AvaTrade - Global CFD and forex broker
Let's see in a bit more detail how the FXTM alternatives compare to FXTM and each other:
FXTM | FxPro | XM | Capital.com | AvaTrade | |
---|---|---|---|---|---|
Overall score | 4.3 | 4.2 | 4.5 | 4.6 | 4.5 |
Fees score | 3.4 stars | 3.4 stars | 3.8 stars | 4.1 stars | 3.4 stars |
Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
Deposit and withdrawal score | 3.7 stars | 4.5 stars | 5.0 stars | 4.5 stars | 4.5 stars |
Web platform score | 2.8 stars | 2.8 stars | 2.8 stars | 3.9 stars | 3.8 stars |
Markets and products score | 2.4 stars | 1.5 stars | 2.5 stars | 2.2 stars | 2.0 stars |
Open account
81% of retail CFD accounts lose money |
Open account
76.14% of retail CFD accounts lose money |
Open account
78.04% of retail CFD accounts lose money |
Open account
71.2% of retail CFD accounts lose money |
Open account
72% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to FXTM? There are many areas based on which FXTM can be compared with others. When we say a given online broker is a good alternative to FXTM we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
FXTM alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- FXTM is recommended for forex traders familiar with the metatrader platform
- FxPro is recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
- XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
- Capital.com is recommended for forex and cfd traders looking for great trading platform and customer service
- AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
Important factors of finding FXTM alternatives
So far BrokerChooser has reviewed 82 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether FXTM or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts FXTM charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than FXTM.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At FXTM this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at FXTM, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given FXTM alternative is a must.
Now let's dive into the details of how FXTM and its alternatives perform in the most important areas!
FXTM alternatives
FXTM
Disclaimer: from March 2021, FXTM ends retail operations in the EEA, under CySEC regulation. Only professional clients will be able to use FXTM's services in this region.
FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
FXTM is considered safe because it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders familiar with the metatrader platform
Pros | Cons |
---|---|
• Superb customer service | • High CFD fees |
• Great educational tools | • Inactivity and withdrawal fees |
• Digital and fast account opening | • Limited product portfolio |
Fees
FXTM's trading fees are low for forex, but average for CFDs. There is also a withdrawal fee.
Pros | Cons |
---|---|
• Low forex fees | • Withdrawal fee |
• Low financing rate | • Average CFD fees |
FXTM | FxPro | XM | Capital.com | AvaTrade | |
---|---|---|---|---|---|
S&P 500 index CFD fee | $2.2 | $2.7 | $1.7 | $3.1 | $1.1 |
Europe 50 index CFD fee | $2.4 | $2.6 | $2.4 | $2.9 | $0.8 |
EURUSD benchmark fee | $8.2 | $8.8 | $9.5 | $7.6 | $10.3 |
GBPUSD benchmark fee | $7.4 | $7.6 | $8.2 | $5.5 | $9.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX
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 | FxPro | XM | Capital.com | AvaTrade | |
---|---|---|---|---|---|
Minimum deposit | $10 | $100 | $5 | $20 | $100 |
Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about FXTM minimum deposit here.
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 | FxPro | XM | Capital.com | AvaTrade | |
---|---|---|---|---|---|
Bank transfer | Yes | Yes | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes | Yes | Yes |
Withdrawal fee | $3 | $0 | $0 | $0 | $0 |
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 | FxPro | XM | Capital.com | AvaTrade | |
---|---|---|---|---|---|
Web platform score | 2.8 stars | 2.8 stars | 2.8 stars | 3.9 stars | 3.8 stars |
Mobile platform score | 3.8 stars | 3.8 stars | 3.8 stars | 4.9 stars | 4.7 stars |
Desktop platform score | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars |
Learn more about FXTM's web trading platform in the detailed FXTM review.
Markets and products
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 | FxPro | XM | Capital.com | AvaTrade | |
---|---|---|---|---|---|
Stock | Yes | No | Yes | No | No |
ETF | No | No | No | No | No |
Forex | Yes | Yes | Yes | Yes | Yes |
Fund | No | No | No | No | No |
Bond | No | No | No | No | No |
Options | No | No | No | No | No |
Futures | No | No | No | No | No |
CFD | Yes | Yes | Yes | Yes | Yes |
Crypto | Yes | No | No | Yes | Yes |
Verdict
FXTM is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA).
On the plus side, customer support gives fast and relevant answers. There are several educational tools, including demo accounts and webinars. The account opening is fully digital and fast.
FXTM has some drawbacks though: it charges high CFD fees, inactivity, and withdrawal fees, and the product range is limited.
As account opening only takes a short time, and customer support is helpful and reliable, feel free to try FXTM.
FXTM | |
---|---|
Summary | FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. It is licensed by South Africa's FSCA. |
Fees score | 3.4 stars |
Recommended for | Forex traders familiar with the MetaTrader platform |
FXTM alternatives
FxPro
FxPro is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities globally, including the UK's top-tier Financial Conduct Authority (FCA).
FxPro is considered safe because it is regulated by the top-tier FCA and it has a relatively long track record.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.14% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
Pros | Cons |
---|---|
• Superb account opening process | • Only CFDs and forex |
• Great customer service | • High trading fees for some stock CFDs |
• Free deposit and withdrawal | • Inactivity fee |
Fees
FxPro has free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.
Pros | Cons |
---|---|
• No withdrawal fee | • Inactivity fee |
• Low financing rate | • High stock CFD fees |
FxPro | FXTM | |
---|---|---|
Apple benchmark fee | $11.5 | $36.5 |
Vodafone benchmark fee | $33.8 | - |
EURUSD benchmark fee | $8.8 | $8.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
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 | $10 |
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 | 3.8 stars | 3.8 stars |
Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about FxPro's web trading platform in the detailed FxPro review.
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 | |
---|---|---|
Stock | No | Yes |
ETF | No | No |
Forex | Yes | Yes |
Fund | No | No |
Bond | No | No |
Options | No | No |
Futures | No | No |
CFD | Yes | Yes |
Crypto | No | Yes |
Verdict
FxPro is regulated by several authorities globally, including the top-tier FCA.
On the plus side, opening an account is fast and takes place fully online and there are a lot of free deposit/withdrawal options. FxPro has great customer service, with many languages supported.
FxPro has some drawbacks though. Its product range is limited to CFDs and forex. Its trading fees are generally low, but relatively high for some stock CFDs. A $15 one-off account maintenance fee and a monthly $5 fee is charged after six months of inactivity.
We recommend FxPro for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. Feel free to test it via the demo account.
FxPro | |
---|---|
Summary | FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. It is also licensed by South Africa's FSCA. |
Fees score | 3.4 stars |
Recommended for | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
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FXTM alternatives
XM
XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
Pros | Cons |
---|---|
• Low stock CFD and withdrawal fees | • Limited product portfolio |
• Easy and fast account opening | • Average forex and stock index CFD fees |
• Great educational tools | • No investor protection for non-EU clients |
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 | $6.4 | $36.5 |
Vodafone benchmark fee | $1.2 | - |
EURUSD benchmark fee | $9.5 | $8.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
XM account opening is hassle-free and straightforward. You may be able to trade on your account already on the same day.
Pros | Cons |
---|---|
• Fast | None |
• Fully digital | |
• Low minimum deposit |
XM | FXTM | |
---|---|---|
Minimum deposit | $5 | $10 |
Time to open account | 1 day | 1 day |
If you are interested more in XM minimum deposit, this overview will help you.
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
XM provides CFDs and forex for all clients, while real stocks are available only for clients opening their accounts under the IFSC-regulated entity. Popular asset classes, like real ETFs, bonds or options are missing.
XM | FXTM | |
---|---|---|
Stock | Yes | Yes |
ETF | No | No |
Forex | Yes | Yes |
Fund | No | No |
Bond | No | No |
Options | No | No |
Futures | No | No |
CFD | Yes | Yes |
Crypto | No | Yes |
Verdict
XM is regulated by several authorities globally, including the top-tier ASIC.
On the plus side, we liked the low stock CFD and withdrawal fees. The account opening process is seamless and hassle-free. There is a wide range of educational tools of great quality.
XM has some drawbacks though. Its product range is limited to FX and CFDs. Its forex and stock index CFD fees are average, and non-EU customers are not covered by any investor protection.
We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
XM | |
---|---|
Summary | XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC. |
Fees score | 3.8 stars |
Recommended for | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
FXTM alternatives
Capital.com
Capital.com is a global CFD and forex broker that was founded in 2016, with offices in London, Cyprus and Belarus. It is regulated by the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the National Bank of the Republic of Belarus (NBRB).
Capital.com is considered safe because it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for great trading platform and customer service
Pros | Cons |
---|---|
• Low forex and stock CFD fees | • Limited product portfolio |
• Great account opening experience | • No fundamental data |
• Excellent customer support | • No price alerts on web platform |
Fees
Capital.com has low forex and CFD fees. The non-trading fees are low as well, there are no inactivity or withdrawal fees charged. On the other hand, the stock index CFD fees are not the most competitive.
Pros | Cons |
---|---|
• Low forex and stock CFD fees | • Average stock index CFD fees |
• No withdrawal fee | |
• No inactivity fee |
Capital.com | FXTM | |
---|---|---|
Apple benchmark fee | $3.1 | $36.5 |
Vodafone benchmark fee | $2.7 | - |
EURUSD benchmark fee | $7.6 | $8.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Capital.com has one of the best account opening processes we've seen: it is simple, quick, well-designed and intuitive. We were impressed.
Pros | Cons |
---|---|
• Fast | None |
• Fully digital | |
• Low minimum deposit |
Capital.com | FXTM | |
---|---|---|
Minimum deposit | $20 | $10 |
Time to open account | 1 day | 1 day |
If you are interested more in Capital.com minimum deposit, this overview will help you.
Deposit and withdrawal
Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay. However, only three major currencies (USD, GBP, EUR) and one smaller (PLN) are available.
Pros | Cons |
---|---|
• Credit/Debit card available | • Smaller currencies not available |
• Free withdrawal | |
• No deposit fee |
Capital.com | FXTM | |
---|---|---|
Bank transfer | Yes | Yes |
Credit/debit card | Yes | Yes |
Electronic wallets | Yes | Yes |
Withdrawal fee | $0 | $3 |
Web trading platform
Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, it has limited customizability and lacks price alerts.
Pros | Cons |
---|---|
• User-friendly | • Limited customizability (for charts, workspace) |
• Clear fee report | • No price alerts |
• Two-step (safer) login |

Capital.com | FXTM | |
---|---|---|
Web platform score | 3.9 stars | 2.8 stars |
Mobile platform score | 4.9 stars | 3.8 stars |
Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about Capital.com's web trading platform in the detailed Capital.com review.
Markets and products
Capital.com has an impressive selection of CFD, forex and crypto products compared to other CFD brokers. However, it lacks popular asset types like real stocks, ETFs and funds.
Capital.com | FXTM | |
---|---|---|
Stock | No | Yes |
ETF | No | No |
Forex | Yes | Yes |
Fund | No | No |
Bond | No | No |
Options | No | No |
Futures | No | No |
CFD | Yes | Yes |
Crypto | Yes | Yes |
Verdict
Capital.com is a great CFD and forex broker, regulated by the FCA, a top-tier authority.
On the plus side, the stock CFD and forex fees are low, the account opening is very user-friendly, and customer support is exceptional.
On the other hand, Capital.com offers only CFD, forex, and crypto asset classes. Fundamental data and price alerts are missing from the web platform.
As there is no inactivity fee and account opening is quick, feel free to try Capital.com.
Capital.com | |
---|---|
Summary | Capital.com is a global CFD and forex broker. It is regulated by the FCA, CySEC, and NBRB. |
Fees score | 4.1 stars |
Recommended for | Forex and CFD traders looking for great trading platform and customer service |
FXTM alternatives
AvaTrade
AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for an option to use metatrader platforms
Pros | Cons |
---|---|
• Easy and fast account opening | • Only CFDs, forex, and cryptos offered |
• Free deposit and withdrawal options | • High inactivity fees |
• Great research tools | • Average forex fees |
Fees
AvaTrade has low CFD and average forex fees. Withdrawals are free of charge, but inactivity fees are quite high.
Pros | Cons |
---|---|
• No withdrawal fee | • High inactivity fees |
• Low CFD fees | • FX trading fees are average |
AvaTrade | FXTM | |
---|---|---|
Apple benchmark fee | $9.0 | $36.5 |
Vodafone benchmark fee | $6.0 | - |
EURUSD benchmark fee | $10.3 | $8.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at AvaTrade is seamless and fully digital. You can start trading literally in minutes.
Pros | Cons |
---|---|
• Fast | None |
• Fully digital | |
• Low minimum deposit |
AvaTrade | FXTM | |
---|---|---|
Minimum deposit | $100 | $10 |
Time to open account | 1 day | 1 day |
If you are interested more in AvaTrade minimum deposit, this overview will help you.
Deposit and withdrawal
AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days, and debit card deposits can also be slow.
Pros | Cons |
---|---|
• Free withdrawal | • Slow withdrawal - over 3 days |
• No deposit fee | |
• Credit/Debit cards, electronic wallets |
AvaTrade | FXTM | |
---|---|---|
Bank transfer | Yes | Yes |
Credit/debit card | Yes | Yes |
Electronic wallets | Yes | Yes |
Withdrawal fee | $0 | $3 |
Web trading platform
AvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
Pros | Cons |
---|---|
• User-friendly | • No two-step (safer) login |
• Good search function | • Limited customizability (for charts, workspace) |
• AvaProtect order type | • No price alerts |

AvaTrade | FXTM | |
---|---|---|
Web platform score | 3.8 stars | 2.8 stars |
Mobile platform score | 4.7 stars | 3.8 stars |
Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.
Markets and products
AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks, bonds or mutual funds.
AvaTrade | FXTM | |
---|---|---|
Stock | No | Yes |
ETF | No | No |
Forex | Yes | Yes |
Fund | No | No |
Bond | No | No |
Options | No | No |
Futures | No | No |
CFD | Yes | Yes |
Crypto | Yes | Yes |
Verdict
AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), therefore it is considered safe.
We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research.
AvaTrade has some drawbacks though. The product range is limited to forex, CFDs, and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern.
As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try AvaTrade.
AvaTrade | |
---|---|
Summary | AvaTrade is a global forex and CFD broker. It is regulated by several financial authorities globally, including the Central Bank of Ireland and Australia's ASIC. |
Fees score | 3.4 stars |
Recommended for | Forex and CFD traders looking for an option to use MetaTrader platforms |
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 |
FxPro | Global CFD and forex broker | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
XM | Global CFD and forex broker | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
Capital.com | Global CFD and forex broker | Forex and CFD traders looking for great trading platform and customer service |
AvaTrade | Global CFD and forex broker | Forex and CFD traders looking for an option to use MetaTrader platforms |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.