FXOpen vs FXTM

FXOpen vs FXTM Comparison Table 2023
FXOpen FXTM
3.7
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.

FXTM is a top-rated forex and CFD broker. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ markets and three account types, they cater to all levels of trader.

Bonus Offer
30% up to $100 via Exinity Ltd
Comment by Reviewer
"FXTM is a good pick for forex traders seeking low fees, excellent market research and access to the familiar MetaTrader 4 platform."
Pros
  • Demo account
  • MT4 integration
  • Strong regulatory oversight
  • Multiple payment methods
  • Bonuses & trading contests
  • Full range of investments
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
  • Free educational materials and market insights
  • Customer support in 30+ languages
  • Negative balance protection
  • Regulated by FCA & CySEC
  • Multiple industry awards
  • 1000+ financial assets
  • Transparent pricing
  • Beginner-friendly
  • Copy trading
  • Forex VPS
Cons
  • Inactivity fee
  • No ETFs or bonds
  • Selection of stocks is not extensive
  • Mediocre spreads on commission-free accounts
  • Limited e-wallet payment options
  • Withdrawal fees
Awards
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
Instruments
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares Forex, CFDs, Indices, Commodities, Stocks
Demo Account
Yes Yes
Minimum Deposit
$1 Global, £300 UK $50
Payment Methods
Minimum Trade
0.01 Lot 0.01 lots
Regulator
FCA, CySEC, ASIC CySEC, FCA, FSCA, FSC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No Yes
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS, Android & Windows
Auto Trading
Yes (EAs) Yes, via FXTM Invest or EAs
Copy Trading
Yes Yes
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported. FXTM Invest is a popular copy trading app connecting clients to established investors with successful portfolios. Learn from traders with proven strategies in forex, stocks and more.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
Yes Yes
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
  • USD
  • EUR
  • GBP
  • PLN
  • CZK
  • NGN
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads FXTM's CFD list includes forex, stocks, commodities and indices. The global entity also offers crypto CFDs. Leverage depends on jurisdiction, with rates up to 1:30 from its CySEC-regulated branch and a massive 1:2000 from its global entities.
Leverage
1:30 - 1:500 (varies by trading entity) 1:30 EU, 1:2000 Global
FTSE Spread
0.8 1.3 pts
GBPUSD Spread
0.2 0.3 (var)
Oil Spread
4.0 9 pts (var)
Stocks Spread
N/A 0.1% Var
Forex Trading
Trade major, minor & emerging forex pairs with 1:30 leverage FXTM offers 60+ forex pairs plus 6 indices which track a basket of popular currencies. The brand's ECN accounts offers impressive spreads from 0 with low commissions from $0.40 to $2 per lot and commission-free spreads start from 1.5 pips.
Forex App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

GBPUSD Spread
0.2 0.3 (var)
EURUSD Spread
0.2 0.1 (var)
EURGBP Spread
0.2 0.2 (var)
Assets
50+ 50+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK). Crypto trading not offered
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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