FxPro vs FXTM - Fees Review included
Which broker is better FxPro or FXTM? Our expert assessment conducted according to TU’s own methodology showed that FxPro is one of the top brokers in the financial market with the TU Overall Score of 7.9 out of 10. FXTM is one of the top brokers in the financial market with the TU Overall Score of 6.77 out of 10. Find out more about TU Overall Score.
| Feature | FxPro | FXTM |
|---|---|---|
Overall |
4.6 |
4.5 |
5 |
4.9 |
|
3.9 |
4.7 |
|
4.6 |
4.5 |
|
Investment Instruments |
4.9 |
4.2 |
Platforms and Charting Tools |
4.2 |
4.3 |
Deposit and Withdrawal |
4.5 |
4.6 |
Research |
4.7 |
4.5 |
Education |
4.6 |
4.6 |
Support |
4.5 |
4.4 |
Bonuses |
2.5 |
2.9 |
|
|
|
FxPro vs FXTM: Pros and Cons
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).
| FxPro | FXTM | |
|---|---|---|
| Overall Pros | Regulated in EU and Great Britain | Direct US stock trading with zero fees |
| Big choice of ECN/STP accounts | Stock baskets | |
| insurance of client funds | 3 types of ECN accounts | |
| Strong research and education | Low fees and near zero spreads | |
| PAMM and Copy-trading for investors | Well regulated forex broker | |
| Personal offers for VIP-clients | FXTM invest copy trading platform | |
| Trading signals and trading calculators tools | ||
| Overall Cons | High spreads and fees | Lack of cryptocurrency |
| No forex bonuses |
FxPro vs FXTM: Safety and Regulation
| FxPro | FXTM | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
$1 million |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
FxPro vs FXTM: Trading Conditions
| Trading Conditions | FxPro | FXTM |
|---|---|---|
Minimum Deposit |
$100 |
$50 |
Trading Platforms |
MT4, MT5, MultiTerminal |
MT4, MT5 |
Max Leverage (Futures) |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
1-2000 (not for all markets) |
Supported Markets |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Forex, Stocks, CFDs on stocks, indexes, Commodities, Metals |
Trading assets |
3000+ |
1000+ |
Trading Accounts |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Standard, Cent, Stocks, Stock CFDs, ECN , ECN Zero, FXTM pro |
Base Account Currencies |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
USD, EUR, GBP, NGN |
FxPro vs FXTM: Fees
| FxPro | FXTM | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,9 |
1,1 |
Standard acc. spread EUR/USD, max pips |
1,7 |
2,1 |
ECN Commission |
3 |
2,5 |
ECN Spread EUR/USD |
0,2 |
0,20 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
3-20 |
Inactivity fee, $ |
15 |
5 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FxPro vs FXTM: Trading Assets
| Asset Name | FxPro | FXTM |
|---|---|---|
Overall |
3000+ trading assets |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
FxPro or FXTM: Investment Programs
| Asset Name | FxPro | FXTM |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: FXTM or FxPro
| FxPro | FXTM | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FxPro |
FXTM invest |
Others |
No |
No |
|
|
|
FxPro vs FXTM: Deposit and Withdrawal Methods
| FxPro | FXTM | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
FxPro vs FXTM: Research
| Research Type | FxPro | FXTM |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
FxPro vs FXTM: Education
| Education Type | FxPro | FXTM |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
FXTM vs FxPro: Support
| Support Features | FxPro | FXTM |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
callback, Telegram, Messenger Facebook, WhatsApp, |
FxPro vs FXTM: Forex Bonuses and Promo
| Promo | FxPro | FXTM |
|---|---|---|
Forex Bonus |
Not offered |
cashback of up to $5 |
Affiliate Program |
Up to $1.100 per client you introduce to FxPro |
Refer a friend. For each new invited client, the partner receives $50 |
Other Promos |
||
|
|
|
Top 5 Reviews on FXTM
-
Comment
I noticed a great difference between trading on a demo account and a live one with FXTM. There were no requotes or significant slippages on the demo account, which created the illusion of simple trading. However, when switching to a live account on the FXTM platform, some technical problems arose that made successful trading difficult. Apparently, real conditions require a more attentive and cautious approach to trading.
-
Comment
One day I decided to try my hand at trading with FXTM. However, they don't seem to be very interested in new traders. Managers from FXTM did not even want to help me complete the verification procedure to withdraw funds. In the end, I earned some money, provided them with the necessary documents, but they still blocked my user account when I submitted a withdrawal request. They refused to even discuss it and treated me rudely. FXTM managers are simply disrespectful.
-
Comment
I decided not to trade with FXTM. I won’t deny it, I limited myself to only testing a demo account with this company. It turned out that the order execution speed is very low, so orders are opened at unprofitable prices, and it is impossible to conduct a normal market analysis. I think I'm not the only one who encountered such problems at FXTM.
-
Comment
FXTM is creating problems when traders execute successful trades. At first glance, they give traders the opportunity to work and even withdraw small amounts of profit. However, as soon as profitable operations begin, difficulties occur. Withdrawing funds becomes problematic as support begins to suspect its clients of “dubious trades”. I don't recommend FXTM.
-
Comment
FXTM is a dishonest broker! I don’t even want to recall how I was deceived here! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! FXTM just completely took my deposit!
Top 5 Reviews on FxPro
-
Comment
stocks trading with my MT bot, idk why but he is doing a lot better here.
-
Comment
FxPro offers negative balance protection, which can be crucial during periods of high volatility. Spreads on the EUR/USD pair remain within the range of 0.3–0.8 pips. Leverage is available up to 1:500. However, the starting conditions may not suit everyone: the minimum deposit is $100 or the equivalent in other currencies.
-
Comment
cTrader was a new platform. The user interface is complex and takes some time for adaptation. I was surprised how fast orders execute during trading sessions. It probably takes less than 0,01 sec.
-
Comment
I tested FxPro in both demo mode and on a real account with fixed spreads. I didn’t notice much difference in execution — orders open and close consistently. Commissions are no higher than the market average. However, due to the lack of localized analysis, I have to rely on external market sources.
-
Comment
Access to MT4, MT5, and cTrader platforms is a plus. It's convenient to choose between fixed and floating spreads, especially if your strategy requires stable conditions. The company’s capital exceeds €100 million, which inspires trust. However, the broker does not offer PAMM accounts or investment services, so it’s not suitable for passive income.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.