FXCC versus FXTM

FXCC and FXTM have many similarities, including high leverage, low trading costs, and support for algorithmic trading solutions. The former offers a better trading signal service, and the latter maintains high-quality educational content for beginner traders.

Traders at FXCC get the core MT4 trading platform, while FXTM features MT4 and MT5 plus its in-house developed plugin consisting of a market scanner using five technical indicators. Account managers at FXCC get the MAM module, and FXTM caters to social traders with its FXTM Invest service. FXCC has no minimum deposit requirement and one account type, while traders must commit $500 for the best FXTM trading conditions.

We have conducted an in-depth review of FXCC and FXTM to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsFXTM (visit site)FXCC (visit site)
fxtmfbs
Headquarter:MauritiusVanuatu
Established :
20112010
Retail Loss Rate:
77.00%Undisclosed
Regulation:
Minimum Deposit:
$10$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after six monthsNo
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyYes + Third-Party
Funding Methods:
4718
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
MT4/MT5 upgradesLow trading costs
Unique Feature Two:
Proprietary copy trading platformDaily trading signals
Broker Offers:

Noteworthy:

The bonuses at FXCC are better than at FXTM, which remains a market leader for beginners from emerging and frontier markets, but qualifying traders get free VPS hosting at FXCC.

Available Markets

Available MarketsFXTMFXCC
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:20001:500
Maximum Pro Leverage:
1:2001:500

FXCC remains primarily a Forex broker, where its 70+ currency pairs offer a broad-based choice of trading instruments. FXTM lists fewer currency pairs but maintains a better overall asset selection, which it continues to expand. FXCC offers a below-average selection of cryptocurrencies, unavailable at FXTM, which offers cross-asset diversification suitable for all strategies.

Typical Spreads and Fees

Typical Spreads & FeesFXTMFXCC
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
1.5 pips0.0 pips
Minimum Commission for Forex:
$0.80 per 1.0 lotCommission-free
Commission for Equities:
Commission-freeNot applicable
Rebates:
NoNo
Execution Type:
Market Maker/ECN HybridECN/STP

While FXCC offers a rare commission-free pricing environment granting raw spreads from 0.0 pip, the average costs are 0.5 pips or $5.00 per 1.0 standard lot. FXTM features expensive commission-free mark-ups from 1.5 pip or $15.00, but its commission-based fees rank among the lowest industry-wide, with maximum commissions of $4.00 per lot.

Security and Trust

FXCC

Country of the RegulatorName of the RegulatorLicense Number
Cyprus
Cyprus Securities and Exchange Commission121/10
Vanuatu
Financial Services CommissionUnregulated

FXTM

Country of the RegulatorName of the RegulatorLicense Number
Mauritius
Financial Services CommissionC113012295
UK
Financial Conduct Authority777911
Cyprus
Cyprus Securities and Exchange Commission185/12
South Africa
Financial Sector Conduct Authority46614

FXCC and FXTM segregate client deposits from corporate funds, offer negative balance protection, and have clean operational records. Most FXCC traders will deal with the unregulated but duly registered Vanuatu subsidiary, company registration number 14576. FXTM offers an investor compensation fund via the Hong Kong-based Financial Commission to all traders, while FXCC only has it for EEA-based traders at its CySEC unit.

FXCC vs FXTM – Verdict

FXCC

ProsCons
Commission-free raw spreads from 0 pips with average cost of 0.5 pipsEquity trading not available
One account type with no minimum deposits and high leverage
Quality education for beginner traders and daily trading signals
Full support for algorithmic and social

FXTM

ProsCons
Excellent commission-based Forex pricing environment and transparency No cryptocurrencies and a limited choice of commodities
Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
Quality market research and educational content for beginner traders
Proprietary copy trading platform, low minimum deposit, and high leverage

FXCC has no minimum deposit requirement, while traders at FXTM must commit $500 to get the most competitive trading conditions offered. Overall, FXTM is the better choice for most due to its lower trading fees for active traders, upgraded MT4/MT5 trading platforms, and well-balanced asset selection. The educational and FXTM Invest services make it a better choice for beginners.

Read full FXTM Review
Read full FXCC Review

FAQs

Is FXTM the best?

It depends on the trader and preferences. FXTM ranks among the leading broker for Forex scalpers, equity traders, and beginners from emerging and frontier markets. It does not serve cryptocurrency traders, and commodity traders have a choice of only a few assets to trade.

Does FXTM have a ZAR account?

FXTM does not offer an account with the ZAR as its base currency.

Which account type is best for FXTM?

The best account type at FXTM is the Advantage account, which requires a minimum deposit of $500.

Can a Forex broker steal your money?

It is possible to get scammed by a broker. Traders can eliminate risks by trading with a broker featuring a well-structured security environment, operational history, an investor compensation fund, and optional third-party insurance.

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