FXTM vs FXCM: Which Broker Comes Out on Top?

Which is better FXTM or FXCM?

Choosing the right broker is essential for any trader, whether they are beginners or experienced professionals. FXTM and FXCM are two well-known brokers in the forex industry, both offering a wide range of trading services. However, when it comes to deciding between the two, traders often find themselves torn between the two reputable options. In this article, we will compare FXTM and FXCM to determine which broker comes out on top in terms of features, trading platforms, customer support, and overall user experience.

Table Of Contents

Firstly, let’s take a look at the features offered by FXTM. FXTM is known for its diverse range of account types to cater to the needs of different traders. From beginner-friendly accounts with low minimum deposits to accounts designed for experienced traders with advanced tools and features, FXTM offers options for everyone. Moreover, FXTM provides a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.

On the other hand, FXCM also offers a variety of trading features. FXCM is well-known for its powerful and user-friendly trading platforms, including the popular MetaTrader 4 and the in-house-developed Trading Station. These platforms provide advanced charting tools, technical indicators, and expert advisors, allowing traders to analyze the market and execute trades efficiently. Additionally, FXCM offers competitive spreads and leverages, giving traders the opportunity to maximize their profits.

When it comes to customer support, both brokers excel in providing assistance to their clients. FXTM offers multilingual customer support through various channels, including live chat, email, and phone. Their support team is available 24/5, ensuring that traders can get help whenever they need it. Similarly, FXCM also provides excellent customer support, with a dedicated team ready to assist traders at any time. They offer support in multiple languages and have a comprehensive knowledge base for traders to find answers to their questions.

In conclusion, both FXTM and FXCM are reputable brokers with their own unique strengths. FXTM offers a diverse range of account types and trading instruments, catering to the needs of traders with different experience levels. FXCM, on the other hand, provides powerful trading platforms and competitive spreads for traders who prefer advanced charting tools. Ultimately, the choice between FXTM and FXCM depends on individual preferences and trading goals. It is recommended that traders carefully consider their needs and conduct thorough research before making a decision.

Trading Platforms

When it comes to trading platforms, both FXTM and FXCM offer a range of options to suit different trading styles and preferences.

FXTM provides traders with two main platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely recognized and used by traders worldwide due to their user-friendly interface, advanced charting tools, and wide range of technical indicators. Additionally, FXTM also has its own proprietary trading platform called FXTM Trader, which is designed specifically for mobile trading and provides access to all the markets offered by FXTM.

On the other hand, FXCM offers its clients the choice between MetaTrader 4 (MT4) and Trading Station. While MT4 is a popular platform that is widely used across the industry, Trading Station is FXCM’s proprietary platform that offers advanced charting capabilities, customizable layouts, and a range of analytical tools. Trading Station also provides access to a wide range of asset classes, including forex, CFDs, and cryptocurrencies.

In terms of platform features, both brokers offer a seamless trading experience with fast and reliable execution, real-time market data, and a variety of order types. Traders can also benefit from the availability of mobile trading apps, which allow for trading on the go.

Ultimately, the choice of trading platform will depend on the individual trader’s preferences and needs. Both FXTM and FXCM offer robust platforms that cater to different trading styles, making it possible for traders to find the platform that best suits their requirements.

FXTM	FXCM
MetaTrader 4 (MT4)	MetaTrader 4 (MT4)
MetaTrader 5 (MT5)	Trading Station
FXTM Trader (mobile)	-

Asset Coverage

When it comes to asset coverage, both FXTM and FXCM offer a wide range of instruments for trading. FXTM provides access to over 250 financial instruments, including major, minor, and exotic currency pairs, as well as CFDs on commodities, indices, and cryptocurrencies.

Read Also: Discover the Origins of Forex Trading: A Brief History

On the other hand, FXCM offers a slightly smaller range of assets with access to over 100 financial instruments. These include major and minor currency pairs, as well as CFDs on stock indices, commodities, and cryptocurrencies.

While both brokers provide access to a variety of assets, FXTM has a larger selection, which may be more appealing to traders looking for a wider range of trading opportunities. However, it is worth noting that the quality and availability of assets may differ depending on the region and account type.

Overall, both brokers offer a decent range of assets for traders, but FXTM takes the edge in terms of the number of instruments available for trading.

Regulation and Security

Regulation and security are two important factors to consider when choosing a forex broker. They determine the level of trustworthiness and reliability of the broker. In this section, we will compare the regulation and security measures of FXTM and FXCM.

Read Also: The Importance of the M in Forex Trading: Understanding Market Analysis in Trading

FXTM:

FXTM is regulated by several well-known financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom, and the Financial Services Commission (FSC) in Mauritius. These regulatory bodies ensure that FXTM operates in compliance with the necessary rules and regulations to protect the interests of its clients.

FXTM also prioritizes the security of its clients’ funds. It segregates client funds from its own, keeping them in reputable banks. Additionally, FXTM offers negative balance protection, ensuring that clients do not lose more than their initial investment.

FXCM:

FXCM is regulated by several regulatory bodies, including the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). These regulatory bodies require brokers to adhere to strict rules and regulations, ensuring the safety of client funds and the transparency of trading practices.

In terms of security, FXCM provides the option for clients to secure their accounts with two-factor authentication, adding an extra layer of protection against unauthorized access. FXCM also maintains segregated client accounts, meaning that client funds are kept separate from the company’s own funds.

In conclusion, both FXTM and FXCM are regulated by reputable financial authorities, which instills trust and confidence in their services. They also prioritize the security of client funds by segregating them from their own and offering additional security measures. Overall, both brokers are dedicated to providing a safe and regulated trading environment.

FAQ:

What is the difference between FXTM and FXCM?

FXTM and FXCM are both renowned brokerage firms that provide trading services in the forex market. However, there are some key differences between the two. FXTM offers a wider range of trading instruments, including forex, CFDs, cryptocurrencies, and metals, while FXCM mainly focuses on forex trading. Additionally, FXTM offers more account types and a wider range of trading platforms to choose from.

Which broker has better customer support?

Both FXTM and FXCM have strong customer support teams that are available 24/7 to assist their clients. However, FXTM is often praised for its exceptional customer support, as it offers multilingual support, live chat, phone support, and email support. FXCM also offers reliable customer support, but some users have complained about longer response times.

Does FXTM or FXCM have better trading conditions?

Both FXTM and FXCM offer competitive trading conditions. FXTM provides tight spreads starting from 0.1 pips, and offers leverage up to 1:2000. FXCM also offers competitive spreads and leverage up to 1:400. However, FXTM stands out with its extensive range of trading instruments and a wider variety of account types, allowing traders to choose the conditions that best suit their trading style.

Which broker offers better educational resources?

Both FXTM and FXCM provide educational resources to help traders improve their knowledge and skills. FXTM offers a comprehensive educational center with webinars, tutorials, articles, and videos, covering various trading topics. FXCM also offers educational materials, including online courses and trading guides. However, FXTM is often praised for its extensive educational resources and user-friendly interface, making it more suitable for traders looking to expand their knowledge.