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.

Headquarters
MauritiusCyprus
Regulators
CMA, FCA, FSC Mauritius, FSCACySEC, VFSC
Owned by Public Company?
N/A
Year Established
20112010
Execution Type(s)
ECN/STP, Market MakerECN/STP, No Dealing Desk
Minimum Deposit
$200$50
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4
Average Trading Cost EUR/USD
0.1 pipsN/A
Average Trading Cost GBP/USD
0.2 pipsN/A
Average Trading Cost WTI Crude Oil
$0.09 N/A
Average Trading Cost Gold
$0.18 N/A
Retail Loss Rate
77.00%N/A
Minimum Raw Spreads
0.0 PipsN/A
Minimum Standard Spreads
1.5 pips N/A
Minimum Commission for Forex
$0.80 - $4.00 per round lotN/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
Visit WebsiteVisit Website

Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons
N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
N/A
DOM?
N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
N/A
OCO Orders
Interest on Margin
Visit WebsiteVisit Website

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

Currency Pairs
N/A
Cryptocurrencies
N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
N/A
Bonds
N/A
ETFs
Options
N/A
Futures
N/A
Synthetics
N/A
Visit WebsiteVisit Website

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

Average Trading Cost EUR/USD
0.1 pipsN/A
Average Trading Cost GBP/USD
0.2 pipsN/A
Average Trading Cost WTI Crude Oil
$0.09 N/A
Average Trading Cost Gold
$0.18 N/A
Minimum Raw Spreads
0.0 PipsN/A
Minimum Standard Spreads
1.5 pips N/A
Minimum Commission for Forex
$0.80 - $4.00 per round lotN/A
Deposit Fee
N/A
Withdrawal Fee
N/A
Inactivity Fee
$5 monthly after 6 months N/A
Visit WebsiteVisit Website

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

Country of the Regulator
Cyprus, Kenya, Mauritius, United Kingdom, South AfricaN/A
Name of the Regulator
CMA, FCA, FSC Mauritius, FSCACySEC, VFSC
Regulatory License Number
185/12, 777911, C113012295, 135, 46614N/A
Visit WebsiteVisit Website

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 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

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.

You might also be interested in reviewing the below broker comparisons:

FAQs

Is FXTM the best?

expand.png

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?

expand.png

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

Which account type is best for FXTM?

expand.png

The best account type at FXTM is the Advantage account, which requires a minimum deposit of $200.

Can a Forex broker steal your money?

expand.png

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.