Terms and conditions apply to this promotion, and I recommend that anyone wishing to participate reads and understands them, although they will be less onerous than conditions which brokers typically attach to bonuses. I find this reasonable and acceptable, and active traders will never face this cost. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. It offers investing services across 180 countries, with a worldwide office presence spanning Asia, Europe, and Africa, with an impressive 4+ million registered clients. Once registered with the FXTM Group, customers can benefit from daily market analysis.

Deposits

1. FXCM’s main standout trading platform is Trading Station compared to FXTM’s brand new mobile App.
2. By accessing their FxPro Edge accounts directly from any browser, clients can take advantage of over 50 technical indicators and charting tools, 6 chart types and 15 time frames, as well as market execution with no dealing desk intervention.
3. The brokers are Pepperstone, XM, eToro, FBS, FP Markets, and JustMarkets.
4. Regulatory oversight is another metric used in our FXTM vs FxPro review.

Overall, FXTM offers more CFD instruments, but FXCM covers more asset classes and has unique baskets that give you exposure to specific sectors. On the other hand, FXTM clients quebex can get access to a wider selection of FX pairs and more stocks to trade. FXCM also has forex trading, but it’s not accessible for all FX pairs like with FXTM.

Traders can access the popular MetaTrader 4 and MetaTrader 5 platforms, which offer advanced trading features and a user-friendly interface. With low spreads, fast execution speeds, and a commitment to providing excellent customer service, Forex.com ensures a seamless trading experience. Having been in operations for over 15 years and climbing to the top as one of the leading brokers in the industry, IC Markets deserves a place in our list of best forex brokers in Europe. The broker offers low spreads and true ECN trading of more than 2250 instruments on its 3 platforms.

Last but not least, the STP broker has provided short Forex trading videos focused on concepts such as Forex Basics, Trading Basics and Technical Analysis. The platform furnishes an illuminating pedagogical zone, delineating Forex strategies such as ‘The Pop ‘n’ Stop Trade’ and ‘Forex Dual Stochastic Trade’. It demystifies Forex indices like Ichimoku Kinko Hyo and Stochastic Oscillator and enlightens trading styles from Day Trading to Position Trading. At FXCM, the commission rate is $3.0 per 100,000 units traded ($6.0 round-turn commission), which can be reduced to $2.5 per 100,000 units traded ($5.0 round-turn commission).

This can include the contributions made through a regular savings plan and dividend reinvestments too,and are be deducted from the amount one has invested made via a sale. There are brokers that have better financial regulation that FXTM.Look for a FXTM alternative is also regulated by top tier financial regulators like the United Kingdoms Financial Conduct Authority. Conduct some research to help compare the costs of buying or selling, as well as holding trades between FXTM and FXTM competitors.Take a look at the following their spreads (fixed or variable), their margin interest, and any service charges.

Check Your FXTM Alternatives Offer A Mobile Trading App

On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority (ESMA) for its reason. FXTM is a legitimate, safe, and secure broker, as it is highly regulated, holding licenses in several jurisdictions, including the tier 1 financial center of London. Its UK license may entitle account holders to state compensation in the event of broker bankruptcy of up to £85,000. It can be used via all major web browsers, dowloaded to desktop or used on mobile devices.

Compared to FXTM, FxPro has more tier-1 licenses, better protection of your private data through a 2-step verification option, NBP policy and top transparency. Regulatory oversight is another metric used in our FXTM vs FxPro review. Forex regulation is important to safeguard market integrity and to keep safe the retail traders. Both FXTM and FxPro fall under strict regulatory oversight by some of the most reputable Forex regulators across the globe.

Written by Brokersview-mikel

The broker utilizes in-depth fundamental and technical analysis to highlight potential market opportunities from Canada, Indonesia, India, Malaysia, Nigeria and beyond. You can view this information via several sources including podcasts, illustrated economic calendars, Twitter posts and videos. Our experts found you can access unlimited virtual funds with flexible leverage in a simulated environment. Forex is traditionally seen as a risky form of trading, so making sure that you have the correct skills before beginning to axitrader review “trade for real” is important.

An established trading platform and broker, FXTM offers several advantages over competitors. Crucially, the broker has regulatory oversight across all jurisdictions where it operates. This should provide customers with plenty of protection and demonstrates that the company is run in a transparent and accountable manner. There will be no deposit fees charged with any payment method at both brokers. However, FXTM will charge a withdrawal fee with some of the funding methods, while FxPro will not charge any withdrawal fees, given certain conditions are met. At FxPro, alternative funding options include UnionPay and direct money transfer broker-to-broker (B2B).

It is also worth noting that CySEC and FCA are highly regarded authorities, meaning FXTM has to demonstrate a high level of financial accountability and fair, transparent and honest trading. At FXTM, the minimum deposit starts at USD 10, and it can go as high as USD 25,000, while FxPro has a minimum deposit of USD 100, but it recommends its clients deposit at least USD 1,000. Both FxPro and FXTM allow deposits and withdrawals to be made with 7 different methods. While FxPro allows account funding in 8 different base account currencies, FXTM offers slightly fewer options – only 7 different currencies are supported. Both FX brokers support the major currencies such as the USD, EUR and GBP. Additionally, FxPro also supports CHF, PLN, AUD, JPY, and ZAR, while FXTM supports PLN, CZK, INR and NGN.

Which Broker Offers Social Trading?

Clients should be aware that all the educational and research content is provided with sole informational purposes and should not be taken as investment advice. If you have an inquiry about the online trading service offered by any of the two brokerage trading firms, don’t hesitate to contact them directly. As we were navigating the brokers’ websites, it immediately became clear that both FXCM and FXTM had particularly invested resources in their Forex trading education sections, offering diverse content to clients.

FXTM is an award-winning broker with strict regulation in multiple jurisdictions. They have user-friendly trading platforms, various account types and funding methods, along with a vast range of educational materials and trading tools to help you make informed trade decisions. EToro is an alternative broker to FXTM that does not charge commissions on their trading instruments.