Forex.com vs FXTM compared

Online brokers compared for fees, trading platforms, safety and more. See how Forex.com stacks up against FXTM!

Forex.com
FXTM
73% of retail CFD accounts lose money
80% of retail CFD accounts lose money

Last update of dataDec 2022

Forex.com

Forex.com is a global forex and CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.

Recommended for forex traders looking for low fees and great research tools.

FXTM

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.

Recommended for forex traders familiar with the MetaTrader platform.

Forex.com's service is on par with FXTM's and a comparison of their fees shows that Forex.com's fees are similar to FXTM's.

Account opening takes somewhat more effort at Forex.com compared to FXTM, deposit and withdrawal processes are about the same quality at Forex.com, while customer service quality is lower than FXTM's.

Our experts rated the trading platform of Forex.com as being of the same quality as the platform of FXTM, found that clients have access to slightly less markets and products with Forex.com, while FXTM provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.3

Recommended for Forex traders looking for low fees and great research tools

Overall Score
4.3

Recommended for Forex traders familiar with the MetaTrader platform

Country of origin

USA

Country of origin

Cyprus

Fees

Fees score
3.7
Fees score
3.9
Fees summary

Low trading and average non-trading fees, low forex fees

Fees summary

Average trading fees, high non-trading fees, low forex fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.5
Deposit and withdrawal score
4.2
Number of base currencies

7

Number of base currencies

4

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$50

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement

Required documents

Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
4.3
Web platform score
2.8
Mobile platform score
4.3
Mobile platform score
3.8
Desktop platform score
3.0
Desktop platform score
3.4

Markets and products

Markets and products score
2.1
Markets and products score
2.7
Stocks
Stocks
*
*
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
*
*
CFDs
CFD disclaimer

Disclaimer: 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.3
Research score
3.8
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
3.8
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 for clients under FCA, CAD 1 million for clients under IIROC, no investor protection for other clients

Investor protection amount

£85,000 in the UK, €20,000 in other EU countries, no protection for residents of all other countries

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2001

Foundation date

2011

Country of regulation

USA, UK, Canada, Japan, Cayman Islands, Cyprus, Hong Kong, Singapore, Australia

Country of regulation

Cyprus (and license from South Africa), UK, Mauritius

Forex.com

For detailed information and hands-on experience, read our review of this broker.

FXTM

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Brokers displayed might not be available in United States.

×