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
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FXCC versus FXTM - Verdict
Features and Platforms
Features & Platforms | FXTM (visit site) | FXCC (visit site) |
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Headquarter: | Mauritius | Vanuatu |
Established : | 2011 | 2010 |
Retail Loss Rate: | 77.00% | Undisclosed |
Regulation: | ||
Minimum Deposit: | $10 | $0 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $5 monthly after six months | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Yes + Third-Party |
Funding Methods: | 47 | 18 |
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 upgrades | Low trading costs |
Unique Feature Two: | Proprietary copy trading platform | Daily 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 Markets | FXTM | FXCC |
Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:2000 | 1:500 |
Maximum Pro Leverage: | 1:200 | 1:500 |
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 & Fees | FXTM | FXCC |
Minimum Raw Spreads: | 0.0 pips | 0.0 pips |
Minimum Standard Spreads: | 1.5 pips | 0.0 pips |
Minimum Commission for Forex: | $0.80 per 1.0 lot | Commission-free |
Commission for Equities: | Commission-free | Not applicable |
Rebates: | No | No |
Execution Type: | Market Maker/ECN Hybrid | ECN/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 Regulator | Name of the Regulator | License Number |
Cyprus | Cyprus Securities and Exchange Commission | 121/10 |
Vanuatu | Financial Services Commission | Unregulated |
FXTM
Country of the Regulator | Name of the Regulator | License Number |
Mauritius | Financial Services Commission | C113012295 |
UK | Financial Conduct Authority | 777911 |
Cyprus | Cyprus Securities and Exchange Commission | 185/12 |
South Africa | Financial Sector Conduct Authority | 46614 |
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
Pros | Cons |
Commission-free raw spreads from 0 pips with average cost of 0.5 pips | Equity 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
Pros | Cons |
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.
The best account type at FXTM is the Advantage account, which requires a minimum deposit of $500.
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.