TP Global FX vs FXTM

TP Global FX vs FXTM Comparison Table 2024
TP Global FX FXTM
TP Global FX has closed.
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TP Global FX is an offshore broker with a strong focus on education and technical analysis tools. It offers STP pricing and up to 1:500 leverage on 50+ forex pairs and a smaller range of stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers additional services including copy trading and an informative daily blog.

FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ day trading markets and three account types, they cater to all levels of trader.

Bonus Offer
Seasonal Bonuses 30% up to $100 via Exinity Ltd
Comment by Reviewer
"TP Global FX will suit forex traders who value true STP pricing, good educational resources and copy trading." "FXTM is a good pick for day traders seeking low forex commissions on the MetaTrader 4 platform. That said, the range of other assets is not extensive for those looking to diversify, especially stocks and cryptocurrencies."
Pros
  • Good range of frequently updated educational resources
  • Demo profile with unlimited simulated funds
  • Very tight spreads from 0.2
  • Support for MT4 and MT5
  • Copy trading service
  • Accepts crypto deposits
  • ~30ms execution speeds
  • High leverage available
  • True STP pricing
  • The broker delivers an excellent charting environment for day traders, with over 30 technical tools offered in the MT4 platform, plus a range of additional platform indicators for monitoring spreads, orders, pivot levels and more
  • Beginners can access a strong range of free educational materials and short-term market insights, including a podcast hosted by the brand’s expert team
  • FXTM offers free VPS hosting for active day traders looking for 24/7 uninterrupted connection with up to 99.9% uptime
  • The broker has a good reputation with multiple industry awards and oversight from top-tier regulators like the CySEC
  • Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders
  • Negative Balance Protection is available to clients registering with the EU and UK entities
Cons
  • Limited consumer protections in place including negative balance protection
  • High commissions of $15/$8 for the low-spread accounts
  • Not overseen by any top-tier regulators
  • Narrow choice of deposit options
  • Small range of non-forex assets
  • It’s a shame that ETFs and bond products are not available, and the selection of stocks is not extensive compared to competitors like AvaTrade
  • Spreads are mediocre in the commission-free accounts, with typical EUR/USD spreads around 1.9 pips - the industry average is around 1.2 pips
  • Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals
  • There are limited e-wallet payment options compared to alternatives
Awards
  • Most Transparent Broker 2021 - Forex Broker Awards
  • Best FX Educational Broker 2021 - Forex Broker Awards
  • Best Affiliate Program 2021 - Forex Broker 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 Forex, CFDs, Indices, Commodities, Stocks
Demo Account
Yes Yes
Minimum Deposit
$200 $10
Trading Platforms
  • MT4
  • MT5
  • TradingCentral
  • FXTM App
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA, VFSC, CAMA CySEC, FCA, FSCA, FSC
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes (iOS & Android) iOS & Android
App Review

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.

Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX.
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
TP Global FX clients can trade CFDs on forex as well as around 12 stocks, 12 indices, five cryptocurrencies and commodities including gold, silver oil and gas. CFDs trade with up to 1:500 leverage on the hugely popular and reliable MT4 and MT5 platforms. FXTM’s CFD offering spans 250+ forex, stocks, commodities and indices, plus crypto CFDs at the global entity. Leverage up to 1:30 is available from the CySEC-regulated branch, though highly seasoned traders can also access massive 1:2000 rates from the global entity.
Leverage
1:500 1:2000
FTSE Spread
Not offered 1.3
GBPUSD Spread
From 0.2 pips 0.2
Oil Spread
From 0.2 pips 5.0
Stocks Spread
From 0.2 points 0.1
Forex Trading
TP Global FX offers trading on 50+ forex pairs with a good selection of minors and exotics as well as the majors. The broker offers fast 30ms execution speeds with a Straight-Through Processing system. Very tight spreads starting from 0.2 are available on pro accounts, while standard commission-free account spreads start from 1.2. FXTM offers a strong range of 60+ currency pairs - more than many competitors including AvaTrade. There’s also 6 currency indices for day traders looking to diversify their forex portfolios. The brand’s ECN account offers competitively low spreads from 0 pips, with equally low commissions up to $2 per lot.
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
From 0.2 pips 0.2
EURUSD Spread
From 0.2 pips 0.1
EURGBP Spread
From 0.2 pips 0.6
Assets
50+ 50+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
TP Global FX offers CFDs on five cryptocurrencies paired with USD. Spreads are lower than many alternatives and users can trade crypto 24/7 without interruption. Cryptocurrency CFDs are available on 11 popular digital coins for those using the international entity. Bitcoin is available, alongside popular altcoins like Avalanch and Dogecoin. Spreads are floating and minimum lot sizes from 0.01 are available.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • EOS
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
TP Global FX has closed.
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