TP Global FX vs FXTM

TP Global FX vs FXTM Comparison Table 2024
TP Global FX	FXTM
TP Global FX has closed.	Review 4

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
Bitcoin Payments Wire Transfer	Credit Card GlobePay Google Wallet Maestro Neteller PayRedeem Perfect Money Skrill Visa WebMoney Western Union
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
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext Hang Seng Japan Exchange Group Nasdaq S&P 500	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq National Stock Exchange Of India S&P 500
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Natural Gas Oil Silver Sugar	Gold Natural Gas Oil Precious Metals Silver
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
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.	Review
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