All of the FXTM alternatives listed above are reputable brokers that offer competitive spreads and low commissions. When choosing an FXTM alternative, it is important to consider your individual trading needs and preferences. Factors such as trading platforms, customer support, and regulation should also be taken into account.

Customer Support

  • We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
  • The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
  • When looking for an alternative, consider brokers that are less expensive than FXTM.Although you will never be able to fully avoid trading fees, you can minimize their effect by choosing the correct broker for your style of trading.
  • Choose a broker who has a minimum deposit that fits your trading budget.There is sometimes no minimum deposit to trade Forex, but some brokers previously had high minimum deposit requirements of five or ten thousand dollars.

In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide. XM is a global forex and CFD broker that offers a variety of account types to suit the needs of different traders. XM also offers a variety of educational resources and 24/5 customer support. XM is regulated by several financial authorities, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Risk Warning:

Individuals utilise brokerage services to gain access to the financial markets and invest their portfolios aiming to gain short and longer term financial objectives.Because there are so many options, choose a FXTM alternative broker might be challenging. More specifically, you might be better off seeking an alternative to FXTM if you wish to trade in an environment other than the MT4 platform since FXTM only offers this particular platform. Moreover, and depending on your trading preferences and style you might want to seek an alternative brokerage to FXTM in order to ensure more competitive spreads, especially if you are planning to trade via a standard account. FXTM accepts multiple payment options, so, any broker that qualifies as its alternative must also do the same. So, we chose brokers that accept a wide range of deposit and withdrawal methods. All of the alternatives do not charge deposit fees; only a few charge withdrawal fees.

FXTM does not provide some services or does not have some characteristics that other brokers have. You will be able to find both similar brokers and brokers offering different services than FXTM. It will only be fair if an alternative for FXTM is equally an old, experienced, and secure broker. So, we only chose brokers that have been in operation for at least a decade. These FXTM alternatives have no scandals and have been operating consecutively for years.

Although FXTM is a very popular trading site you may be looking for the best FXTM alternative or best FXTM competitor trading platform out there right now. FXTM allows you to invest in a wide choice of equities on some of the world’s most prestigious stock exchanges, including UK, US, and European companies.However, FXTM isn’t for everyone, so if you’re searching for something different, we’ve evaluated the features and fees to identify several FXTM alternatives. If you want to delve into more detail as to what each FXTM alternative is able to offer, you can learn more about specific features of each FXTM alternative and competitor further below this FXTM alternatives guide. FXTM offers a variety of accounts and services, meeting the needs of different traders.

When choosing an FXTM alternative, it is important to consider your individual trading needs. For example, if you are a beginner trader, you may want to choose a broker that offers a demo account. This will allow you to practice trading without risking any real money. CFD traders are given direct market access (DMA) via the IRESS platform. Founded in 2001, ActivTrades is a well-established forex and CFD broker that provides services to both retail and institutional traders worldwide. Founded by Alex Pusco as a stock brokerage in Switzerland in 2001, the company relocated to London in 2005.

First Prudential Markets is a trusted forex and CFD broker that began operations in 2005. The broker gives its clients access to trade more than 10,000 instruments on its MT4, MT5, cTrader, and IRESS platforms. FP Markets insists that its spreads are raw; starting from 0.0 pips as streamed from its Liquidity providers. If you are new to trading and looking for a FXTM alternative, you should look for a FXTM alternative with a good demo account.demo trading accounts are free and use virtual money to trade often upto $100,000 USD in demo trading currency.You can get to know a broker without taking any risks. One needs to also bear in mind the payment methods that are available to new customers on the FXTM platform.

How we selected FXTM alternatives

It has gained significant brokerage experience and has grown exponentially through the years. While FXTM offers a substantial 1000+ tradable assets, it falls short when compared to industry leaders like Pepperstone and IC Markets, which provide a more extensive range. If having a broad spectrum of assets to choose from is a priority for you, FXTM’s offering might seem relatively limited in comparison to some just2trade review market leaders. IC Markets is one of the best brokers in Europe because of its affordable trading fees, non-trading fees, premium trading tools, and overall excellent performance through the years.

  • Tools like ‘smart trader tools,’ cTrader Automate, Autochartist, etc are provided at no extra cost to the trader.
  • Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.
  • Exness offers a variety of markets, but with a limited selection of products.
  • Factors such as trading platforms, customer support, and regulation should also be taken into account.

Founded in 2011, FXTM is a forex and CFD broker that offers online trading services globally. The broker is regulated by multiple regulatory authorities including ASIC, IIROC, FFAJ, MFSA, MAS,  FCA, CFTC, NFA, BVI FSC. The broker has 10000+ trading instruments including forex, CFDs, Stocks, Commodities like gold, silver, and oil, and cryptocurrencies like Bitcoin, Litecoin, and Ethereum. FXTM serves clients from over 150 countries and has over 45 industry awards for excellent services.

Global Prime

The broker offers low spreads and true ECN trading of more than 2250 instruments on its 3 platforms. It offers rich charting tools, advanced order types, level 2 pricing, and fast entry and execution. So, if you consider using FXTM as your broker, you may be wondering if FXTM offers the Ctrader trading platform. Most FXTM alternatives offer a variety of trading platform alternatives for traders to trade and watch live financial asset price charts.Experienced traders choose FXTM alternative trading platforms that allows them to quickly access price charts in 1-minute intervals.

CTrader is generally free to use, provided your broker offers it to their clients and you have a live or demo account with that broker. You can download the cTrader platform directly coinbase exchange review from Spotware Systems without any cost. Some brokers may offer a branded version of the platform (white labeling). Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.

FXTM has a minimum deposit requirement of $200 versus $200 at VantageFX. FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices’ popular MT4 and MT5 platforms ensures trading flexibility and accessibility.

MT4 remains popular among traders due to its stable performance and compatibility with many brokers and third-party tools. However, the broker supports MT4, MT5 platforms, which provide full access to the financial markets. If you prefer using only the cTrader platform, read our full guide below—you’ll find a list of brokers oanda review that support cTrader. FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.

When seeking an FXTM alternative make sure the brokers you will consider fare better or at least equal the offering of FXTM, at least in those aspects which interest you the most. Yes, eToro, FP Markets, and Pepperstone are FXTM’s alternatives that run social trading services for its clients. EToro has a social trading platform with a very large community of traders. Pepperstone offers social trading via partnerships with ‘DupliTrade’ and ‘MyFxbook’.

Commission can vary between brokers, particularly depending on the asset being traded and the form of service that is being offered.The new trend is for zero commission trading when using a mobile trading app. Forex Traders always look for reliable and easy-to-use trading platforms. There are many online forex trading platforms, including MT4, MT5, cTrader, TradingView, and so on.

Some FXTM alternative trading platforms have slightly higher fees,but offer a wider range of tradeable financial instruments, education resources and more accurate trading tools. EToro is an alternative broker to FXTM that does not charge commissions on their trading instruments. EToro offers commission-free trading of real stocks and ETFs while forex and CFD trading fees are incorporated into the spreads. Check your FXTM alternative offers low or zero commission trading on stocks and other financial instruments.Trading commission is a charge that is levied by a broker for conducting trades on a trader’s behalf.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. We also have in depth reviews of each of the best FXTM alternatives listed below. Check that with your FXTM alternative you can make a deposit via Debit Card, Credit Card, Wire transfer, or a Digital wallet like PayPal.You can ask your FXTM alternative to send a copy of their policies and costs on how one withdraws your money in order to confirm how long it will take.