FXTM vs. FXCM
Today, our broker comparison will focus on Mauritius-based FXTM and UK-based FXCM. Since 2011, FXTM has been a part of the Exinity Group, based in Mauritius. It serves over 3 million clients from over 180 countries. Regulated in Africa, Asia, Europe, and Latin America, this broker has carved out a leadership position in emerging markets. FXCM, since its forced relocation to the UK, is under new management after losing its US license amid scandals, malpractice, and fraud. It continues to attempt to rebuild trust, as a Leucadia company owned by Jefferies Financial Group, with an outstanding trading environment.
Features and Platforms
The full suite of the MT4/MT5 trading platforms is available, but FXTM enhances MT4 with six plugins. It results in a superior choice, however, the necessary third-party plugins required to upgrade the trading platform into a cutting-edge version remains missing. FXTM Trader is a proprietary trading platform for mobile phones only. Support for automated trading strategies exists via free VPS hosting. Manual traders may FXTM 한국 use the research tool, FXTM Pivot Points Strategy, which was developed in-house.
FXTM clearly shows its focus on new traders with the inclusion of a proper educational section which contains videos, articles, eBooks, webinars, and seminars. Before trading live markets, new retail traders should consider reviewing the educational offerings at FXTM. In-house research consists of brief written content and market analysis videos, which provides new trading ideas on a regular basis. High-frequency traders will enjoy the withdrawable cashback program, labeled FXTM Loyalty.
FXTM offers traders a competitive trading environment.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Traders have access to the superior trading portal delivered by the proprietary Trading Station, the basic version of MT4, and social trading leader, ZuluTrade. A pro upgrade to TradingView for one year also exists. All three trading platforms fully support automated trading solutions, enhanced via a suite of tools consisting of eight specialty platforms which support algorithmic trading solutions maintained by this broker.
FXCM covers financial markets and trading-related topics through a series of well-written content. The free online classroom presents new traders with a valuable educational platform. Adding another support layer is FXCM Plus, the prime service maintained by this broker, which grants market analytics and trading signals. An SMS trading signal service is equally available. The auxiliary trading services complement the core trading environment, resulting in a very competitive overall service for traders to consider.
FXCM provides traders with an excellent trading environment.
Typical Spreads and Fees
FXTM grants commission-free CFD trading in unleveraged accounts only. The Cent and ECN Zero versions commence with a minimum spread of 1.5 pips, lowered to 1.3 pips in the Standard account. 0.1 pips for a commission between $4 and $20 per round lot in the ECN MT4 account combine tight spreads with excessive commissions. A significantly more competitive cost structure exists at FXCM, where commission-free spreads start at 0.6 pips, reduced to 0.2 pips for a commission of $25 per $1,000,00 or $2.50 per lot.
Overnight leveraged positioned incur swap rates, while corporate actions such as dividends and mergers impact equity and index positions, forwarded by both brokers to clients. Depending on the payment processor, third-party fees for deposits and withdrawals apply. Final trading costs at FXTM decrease through the loyalty program. At FXCM, the overall pricing environment remains superior, despite a £50 inactivity fee.
FXTM deploys an excessive commission structure for access to competitive spreads.
FXTM is transparent about its execution statistics and grants retail traders a superior cost structure.
Security and Trust
Exinity Limited, the owner of FXTM and Alpari, maintains primary regulation with the Financial Services Commission (FSC) of the Republic of Mauritius. It is also a member FXTM 한국 of the Hong Kong-based Financial Commission, where protection of up to €20,000 per trader exists. The Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) regulate ForexTime Limited and ForexTime UK Limited, respectively. Client deposit protection up to €20,000 and £85,000 under the Cypriot Investor Compensation Fund (CIF) and the Financial Services Compensation Scheme (FSCS), respectively, grant additional security. PricewaterhouseCoopers Limited (PwC), a Big Four accounting firm, audits FXCM per the International Standard on Assurance Engagements (ISAE) 3000.
The FXCM regulatory oversight consists of the UK Financial Conduct Authority (FCA), the Autorité des Marchés Financiers (AMF) in France, the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) in South Africa. Most international traders will FXTM 한국 trade with the unregulated Bermuda entity, where a competitive trading environment exists. Aside from the FSCS £85,000 deposit protection, the French Fonds De Garantie Des Dépôts Et De Résolution (FGDR) offers €70,000 to traders of that entity. Until January 2017, under the previous management team, FXCM was plagued by fines and misconduct. Since then, as a Leucadia company, it has a clean regulatory record and excellent transparency scores.
FXTM traders receive the most competitive trading environment from the FSC subsidiary.
FXCM grants services from the unregulated Bermuda entity.
FXTM Vs. FXCM – Verdict
FXTM maintains a secure trading environment, and FXCM continues to shed its tarnished reputation for a fourth year. Both are compliant with their regulators and grant new traders an excellent educational portal. FXTM provides higher leverage, but FXCM implements a significantly more competitive cost structure. FXTM maintains a leadership position in emerging markets, and the overall product and services selection is acceptable. FXCM features enhanced auxiliary trading services, on top of an excellent core trading environment, with extended support for automated trading solutions. With untapped potential at FXCM, the sum of the existing trading environment is more favorable as compared to FXTM, which executes its business model well.
Does FXTM or FXCM offer lower pricing?
FXCM deploys a lower pricing structure. Commission-free spreads start from 0.6 pips, reduced to 0.2 pips in the commission-based account for a fee of $25 per $1,000,00 or $2.50 per lot. FXTM offers 1.3 pips and 0.1 pips plus an additional cost between $4 and $20.
Is FXTM or FXCM safer for Forex and CFDs trading?
FXTM regulation consists of the FSC, FCA, and CySEC, versus FCA, AMF, ASIC, FSCA for FXCM. Segregation of client deposits exist at both brokers, but FXCM caters to more international clients from the unregulated Bermuda entity. FXCM, despite its checkered past, has been able to maintain a clean regulatory track record since 2017; however, FXTM presently offers a safer trading environment.
Which trading platform is better: FXTM or FXCM?
FXCM presents an overall better choice due to more supported trading platforms and add-ons, primarily for automated trading solutions.
FXTM Company Profile, Wiki, Owner, Services, App, Instruments and more
FXTM is an African company of Financial Services. The company headquarter is in Mauritius. It is a dynamic, award-winning forex broker that offers exceptional online trading services and products to institutional and retail clientele from around the world. The company is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.
If you want to know anything else about the FXTM Company. Please comment below we will try to provide information.
Although FXTM was founded in 2011 and is considered a relatively young broker in the financial industry, the FXTM brand is well known among traders from all over the world. This is because FXTM has set out with a vision to provide its clients with state of the art trading platforms, superior services, excellent trading conditions and comprehensive educational package. In short, this broker has been able to cater to the needs of all categories of traders regardless of whether they are novices or experienced traders. In addition, FXTM is constantly striving to improve itself with new market innovations and exciting offers for the benefits of its traders.
Over 200+ instruments to trade with Attractive bonuses and trading contest prizes Competitive trading conditions Claim Bonus!
As mentioned earlier, the FXTM was established in 2011. However, it should be noted that the FXTM brand is managed by different companies in different jurisdictions and regulated by different regulatory agencies around the world. In Europe, FXTM is managed by ForexTime Limited, a Cyprus Investment Firm (CIF) regulated by the Cyprus Securities Exchange Commission (CySEC) under the license number 185/12 (2012). . For South Africa, FXTM is also under ForexTime Ltd and is authorized by the Financial Sector Conduct Authority (FSCA) with FSP registration No. 46614. The company is also registered with the UK’s FCA with the registration 600475.
Apart from ForexTime Ltd, the FXTM brand is also managed by a sister company in the UK under ForexTime UK Limited. Its FCA license is 777911. To cater to its global clientele base, the FXTM brand for the global market is managed by FT Global Ltd, an offshore International Business Corporation based in Belize and is under the regulatory oversight of the International Financial Services Commission of Belize under the license FXTM 한국 number IFSC/60/345/TS and IFSC/60/345/APM. International clients of FXTM while they might not have the added protection of the UK’s Financial Services Compensation Scheme or the Cyprus’ Investors Compensation Scheme, they still can refer any disputes with FXTM to the Financial Commission, an External Dispute Resolution (EDR) body.
Over the past several years since FXTM first became operational, it has bagged several awards that acknowledges the high quality services that the broker is contributing to the industry.
For example at the MENA 13 th forex show held in Dubai in 2014, FXTM won the award of being the “Fastest Growing Broker” as well as the broker with the “Most Innovative Product”. In 2018, FXTM bagged awards from international financial industry reviewer WORLD FINANCE for being the “Best Fx Broker Asia” and the broker with the “Best Trading Conditions”. Other awards which FXTM has managed to bag in 2018 include “Best Forex Education Provider Africa” from International Business Magazine, “Best Forex Broker Russia” from FXDAILYINFO and “Most Innovative Broker” FXTM 한국 from FXEMPIRE. There is no doubt that these awards helps to demonstrate the fact that FXTM is one of the forex brokers in the industry that manages to live up to its corporate philosophy.
In terms of trading assets that are available at FXTM, the broker offers trading in 6 different asset classes. They include the spot forex market, the spot metal market, CFDs on commodities, CFDs on market indices, CFDs on shares, and CFDs on cryptocurrencies. Do note, however, that the availability of cryptocurrency CFD is subject to location and regulations.
As for the trading costs, FXTM charges a mix of commissions and spreads on the trades that are executed on FXTM’s trading platforms. For the commission trading, FXTM charges $2 per lot for ECN trading. As for the spreads offered by FXTM, they are extremely competitive and can goes as low as 0.1 pip depending on the type of trading account used by the trader.
As for the account types offered by FXTM, they are: Micro, Advantage, and Advantage Plus.
- Micro Account: Min Deposit $50, Commission Free trading
- Advantage Account: Min Deposit $500, Average of $0.40 – $2 depending on the volume
- Advantage Plus Account: Min Deposit $500, Commission Free Trading
Bonuses & VIP FXTM 한국 programs
For bonuses, FXTM has several attractive bonuses offers. For traders in South Asia, Greater China Region and Africa, FXTM is offering a 30% deposit bonus until 31 st March 2019. For traders in the Middle East, FXTM is offering a 10% deposit bonus. The offer is also valid until 31 st March 2019. In addition to the deposit bonuses, there is a $30 trading credit when you switch to FXTM. For loyal FXTM traders, the broker offers the FXTM Loyalty Cashback program where loyal traders can earn rebates on their trading cost.
Apart from bonuses, FXTM is currently holding a Demo Trading Contest with a collective prize pool of $40,000.
For trading platforms, FXTM use the industry proven MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are available as a desktop client or as a WebTrader for both PC based computers or Mac computers. Both the MT4 and MT5 trading platforms are popular among traders as they come integrated with a wide range of trading tools. In addition, these trading platforms are able to support automated trading. Apart from these dedicated trading platforms, FXTM also offer its clients to join in its cutting edge Copy Trading Programme. With this program, a trader will the opportunity to copy the trades of the top performing traders.
For traders who want to trade while they are on the move, FXTM has also provided them with mobile apps for the MT4 and MT5 trading platforms. These apps can be downloaded for free from FXTM 한국 Google PlayStore or Apple App Store.
Deposits and withdrawals
For deposits and withdrawals, FXTM supports the following deposit methods in addition to VISA, Mastercard, UnionPay and Maestro
- Ghanan Local Transfers
- Nigeria Local Bank Wire Transfer
- Indonesian Local Transfer
- Algerian Local Transfers
- Kenyan Local Transfers
- Local transfer for India and Pakistan
- Online Banking Malaysia
- Online Banking Indonesia
- Local Exchange House
- Afghani Local Transfers
- Laos Local Tranfers
- Nganluong (E-wallet & banking channel)
- Egypt Local Transfer
- Bangladeshi Local Transfer
- Iraqi Local Transfers
- Online Banking Vietnam
- Online Banking Thailand
- China Online Banking (P)
- Tanzanian Local Transfers
Processing of withdrawals with the above mentioned methods takes from one business day to two business day. Overall, FXTM processes all withdrawal requests expeditiously.
The customer support services at FXTM are available 24 hours a day from Monday to Friday. It is also available in multiple languages. Traders can reach out to the support team through email, live chat or the telephone. For the following countries listed below, localised telephone support is available:
- Nigeria, Abuja
- Nigeria, Lagos
- South Korea
Extra features and resources
For the benefit of their traders, FXTM has also provided them with additional trading tools that will help them further their trading objectives. They consist of the following:
- Currency Converter
- Daily Market Analysis
- Economic Calendar
- Forex News Timeline
- FXTM Pivot Point Strategy
- FXTM Trading Signals
- Invest Profit calculator
- Margin Calculator
- Pip Calculator
- Profit Calculator
With the Daily Market Analysis, traders can get insights on the current development in the market. The economic calendar depicts all the major upcoming economic events that can trigger movements in the markets. Tools like the FXTM Trading Signals and FXTM Pivot Strategy are designed to help traders sharpen their trading skills.
- Competitive FXTM 한국 spreads and commissions
- Copy Trading supported
- Different types of trading accounts available
- Reputable and Regulated Broker
- Wide choices of trading assets
Can I trust FXTM?
Yes, FXTM is an international broker with offices around the world.
How can I open an account at FXTM?
To open an account at FXTM, you need to first fill up the registration form and submit it with all the required documentations needed for account verification.
How do I fund my account?
You can fund your trading account through FXTM 한국 your credit/debit card, bank wire transfer (local or international) and through ewallets.
Is FXTM a scam?
No, FXTM is not a scam. It is a legitimate broker that has been operational since 2011. The broker is also regulated in several jurisdictions such as in Cyprus, UK and South Africa.
Where is FXTM based at?
FXTM’s main registered address is at Tassou Papadopoulou 6, Flat /office 22, Ag. Dometios, 2373, Nicosia, Cyprus.
Warning - Your capital is at risk. 74-89% of retail investor accounts lose money when trading CFDs. You should ensure you are aware of the risks involved in trading and if you can afford to take the high risk of losing your money.
Displays (in percentage) the current number of "bulls" (who buys) and "bears" (who sells) the asset.
Asset chart price, showing its performance in real time over the selected time period.
Enter the amount
Enter the amount you would like to invest
Profit, in percentage from invested amount.
Click "CALL", if you think that the price of the asset will be higher at option expiration time. Click "PUT", if you think that the price of the asset will be lower at option expiration time.
Experience FXTM CFD and Options Android and iPhone based trading platform. It allows to
stay connected with the global market and never miss a trading opportunity.
- Regular CFD and Options trading
- Direct deposit and withdrawal via APP
- 60 seconds
- My account
- My portfolio
- Allows for instant execution of trades
- Shows live charts of every option available on the platform
- Enables traders to view their entire trade history
- Same login as the web-based platform
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose. Please ensure you read our terms and conditions before making any operation in our trading platform. Under no circumstances the company has any liability FXTM 한국 to any person or entity for any loss or damage cause by operations on this website. FXTM nor its agents or partners are not registered and do not provide any services on the USA territory.
FXTM 30 USD Deposit Bonus
Join FXTM today and Get $30 Welcome Bonus on your MT4 or MT5 account.
Get extra 30 USD to your new FXTM account. Available for all new traders!
|Available to||All traders of FXTM|
|Offer||$30 Deposit Bonus|
FXTM Brand does not provide services to residents of the USA, Mauritius, Japan (日本), Alberta, British Columbia, Quebec,
Saskatchewan, Haiti, Suriname, The Democratic Republic of Korea, Puerto Rico, and The Occupied Area of Cyprus. Find out more
in the Regulations section of their FAQs.
Switch to FXTM or Welcome Bonus
FXTM is happy to offer $30 Welcome Bonus for all new traders, especially the ones who decided to switch the broker to FXTM.
By opening an account and making a minimum deposit (as required by each account type), you can earn extra $30 which is directly credited to your trading account.
30 USD is available for trading and can also be withdrawn by trading only 1 standard lot in the account.
This 30 USD as a present for new FXTM traders is one of the advantages which you can earn with FXTM.
- 1:1000 Leverage with NBP (Negative Balance Protection)*
- FXTM Invest, Copy trading program to support investors earn more
- NDD (Non Dealing Desk) trading environment with no restrictions on trading strategies
- Both MT4 (MetaTrader4) and MT5 (MetaTrader5) available
There are only a few advantages that you can have with FXTM.
For more about FXTM’s service, visit FXTM Official Website and find out.
*Leverage is offered based on your knowledge and experience. The leverage/margin requirements may be subject to change as subject of applicable regulation in your country of residence.
FXTM $30 Welcome Bonus Information
Here are the main information of FXTM’s promotion “$30 Welcome Bonus”.
Check out the table to briefly understand the conditions of the promotion.
|Promotion Type||Deposit Bonus|
|Bonus Amount||30 USD|
|Trading Platforms||MT4 and MT5|
|Account Types||MT4 Standard, Cent, MT4 ECN, MT5 ECN or ECN Zero|
|Withdrawal of Bonus||Available after trading 1 standard lot|
|Withdrawal of your own Fund and Profit||Available at anytime|
The only requirement to receive the 30 USD Welcome Bonus would be the minimum deposit of each account type.
Open MT4 Standard, Cent, MT4 ECN, MT5 ECN or ECN Zero account to FXTM 한국 participate in the promotion today.
How to get FXTM $30 Welcome Bonus?
To open a trading account with FXTM and get $30 Welcome Bonus, follow the steps below.
1. Signup and Open a live trading account
Go to FXTM’s Account Opening Page and open a live trading account.
You can get $30 Welcome Bonus with MT4 Standard, Cent, MT4 ECN), MT5 ECN or ECN Zero account types.
Note that each account type requires different minimum deposit amount. For more information about each account type, please visit FXTM Official Website.
2. Deposit the required minimum amount
Make a deposit to your live account.
Login to FXTM’s Client Portal then you may find all available funding options such as bank wire transfer, online wallets and credit/debit cards.
Once your fund is credited to your MT4 or MT5 account, 30 USD Welcome Bonus will be credited within 24 hours, given that all criteria is met.
The bonus will be firstly applied to the “credit section” which is only available for trading purpose.
3. Start Trading with the Bonus
Now start trading with extra $30 in your account.
The promotion is available for trading of CFDs (excluding CFDs on shares), Forex, precious metals and commodity futures only.
You can withdraw your fund and profit at anytime you want with no limit.
About the withdrawal condition of FXTM $30 Welcome Bonus, please go to the next section.
Fund Withdrawal Conditions of FXTM $30 Welcome Bonus
While participating in the promotion, you can withdraw your fund and profit at anytime.
The bonus amount 30 USD can only be used for trading purpose until you trade 1 standard lot in the account .
1 standard lot must be completed within 6 months of promotion active period.
You may trade CFDs (excluding CFDs on shares), Forex, precious metals and commodity futures only to meet the volume requirement.
Note that positions closed within 5 minutes from the opening time won’t be included to the calculation of the volume requirement.
Examples of How FXTM’s $30 Welcome Bonus works
Here are some examples of FXTM’s $30 Welcome Bonus promotion.
Mr. FXTM Client registered on the 13th of April 2017 and deposited $150 USD on the 14th of April 2017, having accepted the Terms.
Consequently, Mr. FXTM Client is eligible to receive a $30 USD or equivalent amount (depending on the currency) as a Trading Benefit.
Mr. FXTM Client has the right to trade with the $30 Trading Benefit for the following 6 (six) consecutive calendar months.
If Mr. FXTM Client trades 1 lot within 6 months from the deposit day, he will be able to withdraw all available funds and/or continue trading, if the Client does not trade 1 lot within 6 months from the deposit day, then the trading benefit will be removed from his account by the company.
Mr. FXTM Client registered on the 13th of April 2017 and deposited $150 USD on the 20th of October 2017.
Mr. FXTM will not be able to accept the Terms and participate in the promotion as 6 months from his registration have passed.
FAQs of FXTM $30 Welcome Bonus
Here are some frequently asked questions about FXTM’s promotion “$30 Welcome Bonus”.
Who can participate in this promotion? All new clients who have never traded with FXTM can participate and get the bonus. The promotion is especially dedicated for the traders who want to switch brokers to FXTM. What’s the requirement to get $30 Welcome Bonus? The only requirement for the promotion would be the minimum deposit required for each account type. For the required minimum deposit amount, please refer to FXTM Official Website. What account types can I use to get FXTM’s $30 Welcome Bonus? The promotion is available for MT4 Standard, Cent, MT4 ECN, MT5 ECN and ECN Zero account types. Any restricted trading strategies during the promotion period? FXTM is a NDD broker and does not restrict any trading strategies on the platforms. Participation in the promotion doesn’t change this condition for traders. Why I don’t see any information about this promotion in FXTM’s official website? FXTM brand is authorized and regulated in various jurisdictions. The service conditions can be different depending on the jurisdiction you are in. Can I also participate in other promotions at the same time? This promotion “$30 Welcome Bonus” does not restrict traders from participating in other promotions. You may refer to other promotions’ Terms and Conditions to see if you can participate in the bonus scheme at the same time or not. What’s the requirement for fund and bonus withdrawal? The requirement for the bonus withdrawal is 1 standard lot of trading volume. After meeting this requirement, you can withdraw the bonus at anytime. Where can I signup and participate in this promotion? To signup for FXTM and open a live trading account, go to the page here. As long as you meet the criteria, you will be automatically participated in the promotion.
Do you have any other questions regarding to the promotion or FXTM’s service?
Visit FXTM Official Website and contact their multilingual support team available for 24/5.
Terms and Conditions of FXTM $30 Welcome Bonus
Here are the terms and conditions of FXTM’s promotion “$30 Welcome Bonus”.
Before participating in the promotion, make sure that you know the rules of the promotion.
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