FXTM
Pepperstone
Basic data of broker
Recommended for Forex traders familiar with the MetaTrader platform
Recommended for Forex traders looking for great account opening and customer service
Cyprus
Australia
Fees
Average trading fees, high non-trading fees, low forex fees
Low non-trading fees and average 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
4
9
Deposit type
Withdrawal type
Account opening
$50
$0
1 day
1 day
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: ID / passport Proof of residency: utility bill
Trading platform
Markets and products
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.
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Great
Customer service
Security
£85,000 in the UK, €20,000 in other EU countries, no protection for residents of all other countries
£85,000 for UK clients, €20,000 for EU clients, no protection in other countries
2011
2010
Cyprus (and license from South Africa), UK, Mauritius
UK, Germany, Cyprus, Australia, United Arab Emirates, Bahamas, Kenya
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
FXTM's service is on par with Pepperstone's and a comparison of their fees shows that FXTM's fees are similar to Pepperstone's.
Account opening takes about the same effort at FXTM compared to Pepperstone, deposit and withdrawal processes are about the same quality at FXTM, while customer service quality is similar to Pepperstone's.
Our experts rated the trading platform of FXTM as being of the same quality as the platform of Pepperstone, found that clients have access to slightly more markets and products with FXTM, while Pepperstone provides somewhat better research and education.