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. FXCC has no minimum deposit requirement and one account type, while traders must commit $200 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
Cyprus Cyprus CMA, CySEC, FCA, FSC Mauritius, FSCA CySEC, VFSC N/A 2011 2010 ECN/STP, Market Maker ECN/STP, No Dealing Desk $200 $50 MetaTrader 4, MetaTrader 5, Proprietary platform MetaTrader 4 0.1 pips N/A 0.2 pips N/A $0.09 N/A $0.18 N/A 77.00% N/A 0.0 Pips N/A 1.5 pips N/A $0.80 - $4.00 per round lot N/A Get Started Get Started
Features and Platforms
N/A N/A N/A N/A Get Started Get Started
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
N/A N/A N/A N/A N/A N/A N/A Get Started Get Started
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
0.1 pips N/A 0.2 pips N/A $0.09 N/A $0.18 N/A 0.0 Pips N/A 1.5 pips N/A $0.80 - $4.00 per round lot N/A N/A N/A $5 monthly after 6 months N/A Get Started Get Started
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
Cyprus, Kenya, Mauritius, United Kingdom, South Africa N/A CMA, CySEC, FCA, FSC Mauritius, FSCA CySEC, VFSC 185/12, 777911, C113012295, 135, 46614 N/A Get Started Get Started
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 | |
A highly regulated broker with a tier-1 license |
FXCC has no minimum deposit requirement, while traders at FXTM must commit $200 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 service at FXTM makes it a better choice for beginners.
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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 $200.
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.