FXTM vs FXCC - Fees Review included
Which broker is better FXTM or FXCC? Our expert assessment conducted according to TU’s own methodology showed that FXTM is one of the top brokers in the financial market with the TU Overall Score of 5.9 out of 10. FXCC is one of the top brokers in the financial market with the TU Overall Score of 5.84 out of 10. Find out more about TU Overall Score.
| Feature | FXTM | FXCC |
|---|---|---|
Overall |
4.5 |
3.9 |
4.9 |
4.3 |
|
4.7 |
4.5 |
|
4.5 |
2.5 |
|
Investment Instruments |
4.2 |
1 |
Platforms and Charting Tools |
4.3 |
3.9 |
Deposit and Withdrawal |
4.6 |
4.5 |
Research |
4.5 |
2.6 |
Education |
4.6 |
3.7 |
Support |
4.4 |
4.5 |
Bonuses |
2.9 |
4.5 |
|
|
|
FXTM vs FXCC: Pros and Cons
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).
FXCC was founded in 2010 and is headquartered in Cyprus. Broker specialized in ECN/STP technology with competitive spreads. The activity of this broker is regulated by CySEC.
| FXTM | FXCC | |
|---|---|---|
| Overall Pros | Direct US stock trading with zero fees | Tight spread ECN account |
| Stock baskets | 3 ECN accounts | |
| 3 types of ECN accounts | 100% First Deposit Bonus | |
| Low fees and near zero spreads | ||
| Well regulated forex broker | ||
| FXTM invest copy trading platform | ||
| Trading signals and trading calculators tools | ||
| Overall Cons | Lack of cryptocurrency | Limited choice of trading assets |
| Not everage spread info on the web site |
FXTM vs FXCC: Safety and Regulation
| Regulated By: | FXTM | FXCC |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
ForexTime is registered with the UK Financial Conduct Authority (FCA) under the number 600475 and is regulated by the CySEC of Cyprus (under number 185/12) and the South African FSCA (number 46614). The broker is also regulated by the Financial Services Commission of the Republic of Mauritius, FSC (number C113012295). |
Republic of Vanuatu with registration number 14576 |
FXTM vs FXCC: Trading Conditions
| Trading Conditions | FXTM | FXCC |
|---|---|---|
Minimum Deposit |
$50 |
$100 |
Trading Platforms |
MT4, MT5 |
MetaTrader4, Mobile Platforms |
Max Leverage (Futures) |
1-2000 (not for all markets) |
1-300 |
Supported Markets |
Forex, Stocks, CFDs on stocks, indexes, Commodities, Metals |
Forex, Crypto, Metals, Indices, Bonds, Commodities, Energy, Shares |
Trading assets |
1000+ |
100+ |
Trading Accounts |
Standard, Cent, Stocks, Stock CFDs, ECN , ECN Zero, FXTM pro |
ECN Standard Account, ECN XL Account, ECN Advanced Account |
Base Account Currencies |
USD, EUR, GBP, NGN |
EUR, USD, GBP |
FXTM vs FXCC: Fees
Forex Trading Fees
| Fee | FXTM | FXCC |
|---|---|---|
Standard Account EURUSD Average Spread |
1.5 pips |
1.5 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
ECN XL $0 |
ECN Account EUR Average Spread |
0.1 pips |
ECN XL 0.2 pips |
CFD Trading Fees
| Fee | FXTM | FXCC |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | FXTM | FXCC |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank 30 EUR, Card - 3 USD / 2 EUR / 2 GBP, FacaPay - 0.5% |
$35 for a bank transfer |
Inactivity Fee |
$5 per month after 6 months of inactivity |
Yes |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FXTM vs FXCC: Trading Assets
| Asset Name | FXTM | FXCC |
|---|---|---|
Overall |
1000+ |
100+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
FXTM or FXCC: Investment Programs
| Asset Name | FXTM | FXCC |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
No |
No |
Trading Platforms: FXCC or FXTM
| FXTM | FXCC | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
FXTM invest |
No |
Others |
No |
No |
|
|
|
FXTM vs FXCC: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FXTM | FXCC |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
FXTM vs FXCC: Research
| Research Type | FXTM | FXCC |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FXTM vs FXCC: Education
| Education Type | FXTM | FXCC |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
Yes |
No |
FXCC vs FXTM: Support
| Support Features | FXTM | FXCC |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
callback, Telegram, Messenger Facebook, WhatsApp, |
No |
FXTM vs FXCC: Forex Bonuses and Promo
| Promo | FXTM | FXCC |
|---|---|---|
Forex Bonus |
cashback of up to $5 |
100% first deposit bonus (not offered for EU clietns) |
Affiliate Program |
Refer a friend. For each new invited client, the partner receives $50 |
Yes |
Other Promos |
||
|
|
|
Top 5 Reviews on FXCC
-
Comment
FXCC is obviously developing — a lot of interesting things are appearing. This makes me happy as a trader. It has been recommended to me for a long time and now I recommend FXCC to my friends.
-
Comment
fxcc offers excellent opportunities for all traders. Here you will find a wide variety of instruments: currencies, futures, stocks, and cryptocurrencies. Trading conditions are very flexible, which I especially like. The platform is working fine. Moreover, the withdrawal process at fxcc is very fast, which indicates the reliability of the broker.
-
Comment
Broker FXCC offers advanced trading tools such as automated trading systems that help traders maximize their profits with minimal risks. The execution is good, and the charts are accurate. All these features make FXCC an ideal choice for those who want to trade in the forex market.
-
Comment
fxcc is a very serious broker. I came here not so long ago, but I have already appreciated the level of the company. I hope that I will never be disappointed in them. Great work, guys!
-
Comment
The broker FXCC is a new company for me; I have been working with them for a short time, but overall, everything is satisfactory at the moment. I've checked the withdrawal, and everything is fine; they process the money quickly. The deposit is a bit large, but I tend to think that in life, if you want a lot, you have to invest a lot. The execution is good, and the charts are accurate. The FXCC manager has professionally assisted me with any questions.
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!
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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.