Compare XM vs FXTM in 2023 Spreads, Accounts, Platforms

XM offers the best customer support with 24/5 customer service, excellent educational resources, and research tools. Beginner to advanced XM customers can increase their knowledge of financial markets via webinars, Q&As and courses, as well as using a range of tools to conduct market analysis. FXTM offers educational materials suitable for all levels of experience, including e-books, webinars, tutorials and a glossary. As well as the wide range of resources available at , the broker hosts live seminars in countries where FXTM has offices. Both brokers offer a great range of CFDs, each having a key strength and weakness in regards to market access. XM customers are provided with access to over 1,000+ Share CFDs, yet fail to offer any Crypto products.

Take a deeper dive into the markets we offer and get in on the trading action today. The first currency is called the base currency and the second currency is called the quote currency. So for example, EURUSD, means that the base currency is t… Enjoy spreads from zero, lightning-fast execution and trade at the best available prices. Get daily market updates and expert analysis, explore our e-learning academy and utilize our free trading tools, pip calculators and economic calendars outlining high-impact events. Get spreads from zero, 1000+ instruments and first-class education.

FXTM Fees and Spreads Pros and Cons

XM’s Zero Account is similar to an ECN account with minimum spreads of 0.0 pips, and as with all account types, XM guarantees no requotes on all orders. As traders gain access to ECN-style spreads, commission fees are $3.5 per side per $100,000 traded. Demo accounts provide a risk-free environment to practice and optimise trading strategies against real market conditions, allowing traders to build confidence and experience before trading with real money. As CFDs and forex are complex instruments, even the most experienced traders can benefit from testing strategies with demo accounts.

• Regulated in multiple jurisdictions, we take the protection of client funds seriously by segregating these funds from the rest of the company’s assets.
• XM customers can get in touch with the online broker via live chat phone or email.
• A good example is the GBPUSD, which refers to the Great British Pound – US Dollar currency pair.
• With minimum spreads of 1.5 pips, pricing is less competitive than ECN-style accounts, yet traders pay no additional commission fees on top of the spread.

If you are trading with FXTM or XM outside of Europe and the UK, you will not receive protection via investor compensation schemes. XM and FXTM both offer the choice of either MetaTrader 4 or MetaTrader 5 . The trading platforms are two of the most popular worldwide due to their algorithmic trading capabilities using Expert Advisors.

Choose the world’s favourite platform, MetaTrader

In comparison, Stocks and other less liquid assets may have wider spreads. It is nothing but the difference between an asset’s buy and sell prices. It impacts how much trades would cost – the lower the spread means, the trade will cost less. Many online trading brokers, market makers, and other providers use spreads to cite their pricing. FXTM Fees Spreads and commissions vary according to the account type that the trader is using. FXTM offers brokers competitive pricing typically zero spreads on FX majors, as low as zero on gold on the most popular accounts.

• FXTM Trader gives you direct access to our trading services on the go, with the choice of FX, oil, gold, natural gas and more.
• Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, FXTM overall fees are considered good.
• • Demo accounts available to test your strategies, risk-free, with virtual funds.
• Although XM wins overall when the two brokers go head to head, an advantage to trading with FXTM is that the broker offers Cryptocurrency CFD trading, while XM does not.
• XM and FXTM both offer the choice of either MetaTrader 4 or MetaTrader 5 .

The majority of payment options are fee-free, yet if you transfer less than $200 by bank transfer you will incur a $20 fee. Minimum spreads are as low as 0.6 pips and with no additional commission costs on top of the spread, overall trading costs are similar to an ECN trading account. If you trade infrequently, another trading cost to consider is inactivity fees. If you do not make a trade for a specific length of time, XM and FXTM will charge your trading account an $5 inactivity fee. XM is a market maker broker that sets its own bid-ask prices and uses internal liquidity to fill orders. Unusual for a market maker, XM offers the guarantee of no requotes, will 100% of trades being processed with no orders rejected.

EURUSD Specifications

fxtm forex broker review is not a spread betting broker, so spread betting fees will not apply. 👉 FXTM offers traders with 5-decimal pricing on forex in addition to offering reasonable margin requirements and stop-out levels. Traders can expect either market or instant execution on trades, depending on the account type that they choose. Both XM and FXTM offer Swap-Free Accounts for traders following Islamic finance practices.

As Islamic traders can not pay or receive interest, swap-free accounts do not charge interest based overnight financing fees . Both brokers offer a choice of commission or commission-free account types, although availability is dependent on your location and the broker’s local regulator. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.

Furthermore, multiple educational tools plus a demo account are made available. Trading with FXTM will involve fees from $0.4 USD, Spreads from 0.0 Pips, and commission-free trading depending on the account traders select. The minimum deposit amount required to register an FXTM live trading account ranges from $10 USD – $500 USD.

Trading is possibly one of the oldest facets of human civilizations. Since people started to migrate for their survival and living, it continued. So, it becomes more important to focus on increasing your wealth. However, we cannot ignore the need for money in both cases. Live market news and analysis, plus a comprehensive free-to-use library of education, guidance, and tips. We’ve always been one of the most competitive brokers in the business.

XM: Worldwide Negative Balance Protection

The buying https://forexhero.info/ remains slightly higher and a little lower than the asset’s original price. Major currency pairings offer a lower spread since they are traded in big volumes, and vice versa is applicable to obscure currency pairs. We know that a trader has to invest her funds while participating in a live trade. But, she might also need to pay additional charges to the broker. So, when you search for a reliable broker, FXTM is a name that deserves to be your partner.

Therefore, while entering a trade, the spread is automatically taken into account. However, with the increasing popularity of online trading, Forex and Stocks have occupied the top position. Although they also have differences in their instruments, Forex’s role is more important than others. A swap refers to the interest that you earn or pay for a trade that you keep open overnight. Swap short for keeping short positions open overnight, and Swap long for keeping long positions open overnight. The interest you pay will vary depending on what you’re trading.

To deposit and withdraw funds from your FXTM trading account can use credit card, e-wallet or bank transfer payment methods. When researching financial markets, traders can use FXTM’s market outlooks, forex news, and an economic calendar to find trading opportunities. With a free forex education course, live webinars and a range of videos available online, XM offer excellent educational resources for beginners to advanced traders. FXTM provides prompt service, yet customer support teams are only available 12 hours a day, 5 days a week. The broker can be contacted via live chat, phone, email and social media platforms such as Facebook and Twitter.

Based on our findings, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions. FXTM Overall Ranking is 9.3 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. 👉 Here is an overview of the FXTM Fees Spreads and Commission as well as the features that are offered, which could affect trading. FXTM is regulated by several financial authorities, including the UK Financial Conduct Authority and the Cyprus Securities and Exchange Commission . • Cross-device trading, allowing you to open a position on your desktop and close it on your mobile phone for your ultimate convenience. Video series that cover topics such as technical and fundamental analysis, trading psychology and money management.

Trading Forex and CFDs with leverage poses significant risk of loss to your capital. While traders can execute hedging strategies, netting is not permitted on MT4. Leverage for traders in Australia and Europe is in line with the requirements of the regulator ASIC, FCA and CySEC. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. You must pay an inactivity fee of 5 EUR/USD/GP or its equivalent if your account is left inactive for 6 continuous months.

A few days ago an international online forex broker FXTM has announced the appointment of Marcelo Spina as Global Head of Partnerships. FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares. Starting to trade with FXTM, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that FXTM offers a user-friendly platform with all the tools and resources you need to trade successfully. Introducing the new and improved FXTM Trader app – the perfect way to trade online, anywhere, straight from your phone.

Domus FX Fees and Spreads

66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.

Therefore, we must understand the basic terms and know how much FXTM trading can cost. FXTM regulationThough it offers to trade in numerous asset classes, it specializes in Forex. It can boast of being the fastest growing and the best forex broker. FXTM has shown rapid growth through its dedicated service within Europe in a short period.

To start trading, FXTM requires traders to choose a trading account base currency. When based in the UK or Europe, customers can select either the EUR, USD or GBP, with Cent accounts using the US Cent, EU Cent or GBP Pence. For those residing outside of Europe and the UK, the additional option of NGN is offered as a base currency.

We learned that the broker also provides tight spreads from 0.1 pips, and low deposit requirements, besides education is one of the best provided. So overall, FXTM is very trustable and quiality choice for Forex traders of any size. Forex fees are offered by FXTM spread only with no commission in case you use Advantage Plus and Micro Account. This type of fee brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy. FXTM’s three Accounts offer various fee conditions, so the standard spread starts from 1.5 pips for USD / EUR / GBP / NGN. FXTM is regulated by several financial authorities and customer service is offered in several languages.

FXTM Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good being one of the best proposals we saw in the industry, and a great range including MT4, and MT5 suitable for professional trading. Also, all are provided with good research and excellent tools. Based on our findings, FXTM trading technology and toolbar use the industry’s leading software third-party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. FXTM minimum deposit requirement is $/€/£ 100 for Account Standard and only $10 for a Cent Account.