FXCMvs
FXTMForex Broker Comparison
This matchup pits FXCM and FXTM on regulation, pricing, and platform access. Their contrasting spreads and instrument counts shape the choice for different traders.
Our Verdict
FXTM winsby 0.1 pts
FXCM and FXTM are closely matched on overall suitability, but FXTM provides raw spreads while FXCM does not.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Raw spreads available on FXTM, not FXCM.
- 2FXTM offers higher max leverage (1000:1) than FXCM (400:1).
- 3FXCM provides a proprietary platform while FXTM relies on MT4/MT5.
Who should choose FXCM vs FXTM?
Find out which broker best suits your trader profile.
Choose FXCM if…
FXCM: Choose FXCM if you value advanced charting, a proprietary platform, strong API support, in addition to broad MT4 compatibility and NinjaTrader access. You also benefit from no inactivity fee, segregated client funds, negative balance protection, and 24/5 live chat support. FXTM: Choose FXTM if you want low barriers to entry with a $10 minimum deposit, plus expansive education and MT4/MT5 access. You also get raw spreads and a larger instrument universe at 600 offerings, alongside higher leverage up to 1000:1.
Choose if…
FXCM: Choose FXCM if you value advanced charting, a proprietary platform, strong API support, in addition to broad MT4 compatibility and NinjaTrader access. You also benefit from no inactivity fee, segregated client funds, negative balance protection, and 24/5 live chat support. FXTM: Choose FXTM if you want low barriers to entry with a $10 minimum deposit, plus expansive education and MT4/MT5 access. You also get raw spreads and a larger instrument universe at 600 offerings, alongside higher leverage up to 1000:1.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXCM offers tighter spreads from 0.40 pips vs 1.50 pips for FXTM, reducing trading costs.
Best for safety & regulation
FXCM vs FXTM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.2 / 5▲ |
FXCM vs FXTM Forex Broker Pros & Cons
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
FXCM vs FXTM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FXCM
criteria wins
2
FXTM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXCM | FXTM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FXCM vs FXTM: Frequently Asked Questions
The scores are close: FXCM rates 4.1/5 and FXTM rates 4.2/5. FXTM has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXCM starts from 0.4 pips, tighter than FXTM's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
FXTM has $10, while FXCM requires at least $50. This makes FXTM more accessible for traders with limited starting capital.
Both FXCM and FXTM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: FXTM requires a lower minimum deposit ($10), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXCM lists maximum leverage of 400:1, while FXTM lists up to 1000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while FXTM supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. FXCM has exclusive access to ZuluTrade and Proprietary Web/Mobile and NinjaTrader. FXTM has exclusive access to MetaTrader 5.
