FXTM vs Vantage - Fees Review included
Which broker is better FXTM or Vantage? 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. Vantage is one of the top brokers in the financial market with the TU Overall Score of 8.8 out of 10. Find out more about TU Overall Score.
| Feature | FXTM | Vantage |
|---|---|---|
Overall |
4.5 |
4.4 |
4.9 |
4.2 |
|
4.7 |
4.6 |
|
4.5 |
4.4 |
|
Investment Instruments |
4.2 |
4.6 |
Platforms and Charting Tools |
4.3 |
4.5 |
Deposit and Withdrawal |
4.6 |
4.4 |
Research |
4.5 |
3.9 |
Education |
4.6 |
4.7 |
Support |
4.4 |
4.1 |
Bonuses |
2.9 |
4.4 |
|
|
|
FXTM vs Vantage: 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).
Vantage FX is an STP broker that has been operating since 2009. Traders can find Forex currency pairs on the company's website, as well as CFDs on American, Australian, and European stocks, commodities, and indices. The company operates under the licenses of four regulators — the UK (FCA), Australia (ASIC), Vanuatu (VFSC), and the Cayman Islands (CIMA). Since its creation, Vantage FX has received 11 prestigious awards.
| FXTM | Vantage | |
|---|---|---|
| Overall Pros | Direct US stock trading with zero fees | The broker has licenses from four reputable regulators |
| Stock baskets | Free trading signals for traders, regardless of the type of trading account | |
| 3 types of ECN accounts | Fantabulous bonus policy and terms of its affiliate program | |
| Low fees and near zero spreads | 3 copy trading platforms support | |
| Well regulated forex broker | ||
| FXTM invest copy trading platform | ||
| Trading signals and trading calculators tools | ||
| Overall Cons | Lack of cryptocurrency | Customers from most countries are forced to cooperate with a branch that has an offshore license |
| Limited education and a lack of information on Forex trading | ||
| Snail-paced withdrawal of funds with the requirement to comply with special conditions |
FXTM vs Vantage: Safety and Regulation
| Regulated By: | FXTM | Vantage |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
no |
ASIC (Australia) |
No |
Yes |
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). |
Great Britain. The broker operates under the FCA license # 590299; Australia. The company has received ASIC AFSL license # 428901; The Cayman Islands. Vantage FX is regulated by CIMA under license number 1383491; Vanuatu. The broker provides services based on VFSC financial activity permit No. 700271. |
FXTM vs Vantage: Trading Conditions
| Trading Conditions | FXTM | Vantage |
|---|---|---|
Minimum Deposit |
$50 |
$200 |
Trading Platforms |
MT4, MT5 |
Vantage FX app, МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader |
Max Leverage (Futures) |
1-2000 (not for all markets) |
1-500 |
Supported Markets |
Forex, Stocks, CFDs on stocks, indexes, Commodities, Metals |
Currency pairs (44), CFDs on stocks (226), indices (16), and commodities (19) |
Trading assets |
1000+ |
400+ |
Trading Accounts |
Standard, Cent, Stocks, Stock CFDs, ECN , ECN Zero, FXTM pro |
Demo, Standard STP, Pro ECN, RAW ECN |
Base Account Currencies |
USD, EUR, GBP, NGN |
AUD, USD, GBP, EUR, SGD, and CAD |
FXTM vs Vantage: Fees
Forex Trading Fees
| Fee | FXTM | Vantage |
|---|---|---|
Standard Account EURUSD Average Spread |
1.5 pips |
1.22 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
$2 per lot |
ECN Account EUR Average Spread |
0.1 pips |
0.2 pips |
CFD Trading Fees
| Fee | FXTM | Vantage |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread, US Share CFDs - free, UK/EU Share CFDs - 10 EUR per trade, AU share CFDs - $5 per trade |
Non-Trading Fees
| Fee | FXTM | Vantage |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank 30 EUR, Card - 3 USD / 2 EUR / 2 GBP, FacaPay - 0.5% |
No |
Inactivity Fee |
$5 per month after 6 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FXTM vs Vantage: Trading Assets
| Asset Name | FXTM | Vantage |
|---|---|---|
Overall |
1000+ |
400+ |
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 |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
FXTM or Vantage: Investment Programs
| Asset Name | FXTM | Vantage |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
No |
No |
Trading Platforms: Vantage or FXTM
| FXTM | Vantage | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FXTM invest |
Vantage FX |
Others |
No |
No |
|
|
|
FXTM vs Vantage: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FXTM | Vantage |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
FXTM vs Vantage: Research
| Research Type | FXTM | Vantage |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
FXTM vs Vantage: Education
| Education Type | FXTM | Vantage |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Vantage vs FXTM: Support
| Support Features | FXTM | Vantage |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
callback, Telegram, Messenger Facebook, WhatsApp, |
No |
FXTM vs Vantage: Forex Bonuses and Promo
| Promo | FXTM | Vantage |
|---|---|---|
Forex Bonus |
cashback of up to $5 |
Initial deposit bonus Clients of the broker can receive a bonus upon the first deposit of 50% of the deposit amount. The maximum bonus amount is 20,000 USD. Funds are accrued in the form of trade credits that can be used to conduct transactions, increase margins, etc. |
Affiliate Program |
Refer a friend. For each new invited client, the partner receives $50 |
CPA affiliate program (CellXpert). This affiliate program provides a reward for traders who promote the broker's services. The size of the bonus differs depending on the country from which new traders come. The remuneration levels are as follows: 600 USD for clients from Germany, Denmark, Switzerland, UK, Norway, France, the Netherlands, Sweden, Austria, Ireland, and New Zealand; 400 USD for customers from Hong Kong, Finland, Italy, Portugal, UAE, Kuwait, Qatar, Saudi Arabia, Malaysia, Israel; 300 USD for clients from the Czech Republic, Slovak Republic, Poland, Taiwan, Colombia, Thailand, Mexico, Greece, South Africa; 100 USD for clients from other countries. The referred client is registered in the partner group if two conditions are met: Account replenishment for 500 USD; The trading turnover is at least two trading lots in the first month after registration. |
Other Promos |
Vantage FX encourages active traders by returning them some of the commissions in the form of cashback or rebate. Clients who fund their account in the amount of 10,000 USD and maintain the amount at this level can earn commissions up to 8 USD per lot traded. In addition, such customers can receive gifts from the broker, such as a gift card or iPhone. |
|
|
|
|
Top 5 Reviews on Vantage
-
Comment
Vantage Markets is a low cost trading platform, it is up to the trader to decide how much they want to start their initial investment with. Vantage allows traders to start trading from just 0.01 lot per tra and this is with competitive spreads from 0.1-0.4. It is important to note that spreads can change during a market session. When there is high liquidity spreads can become tighter because there are more buyers and sellers active in the market and this happens more during the London and New York session overlap. Spreads tend to widen during periods of high market volatility which are caused by rapid price movement.
-
Comment
At Vantage, you can trade more than eight major currencies, including the US dollar (USD), British pound (GBP), Euro (EUR), Canadian dollar (CAD), Australian dollar (AUD), Japanese yen (JPY), Swiss franc (CHF), and New Zealand dollar (NZD). And to be successful in trading these major pairs, you must follow the news involving these currencies. The news feed tool on the Vantage trading platform provides traders trading forex on news releases with real time news on different pairs and economic conditions.I keep up with this news, as every day, new economic data is released that forex traders can use to make well-informed trading de
-
Comment
Vantage trading platform is user friendly and includes features that makes it easy to analyze trades. You have different chart candles to chose with over 100 indicators. One of the features I use mostly when analyzing price charts is the company feature. I can use this to compare multiple currency pairs with the selected pair using the charts to follow its movement. Each pair you select introduces its own line in the graph with a different color. Making it easy to identify each of the currency pairs.
-
Comment
I have always liked Vantage Markets, since it is multi-functional and has excellent client service. Here, I increased my capital thanks to adequate asset capitalization and good liquidity. This is exactly what happens with Vantage Markets. If you know how to trade, it’s not a problem to get a decent profit.
-
Comment
I don't think I would recommend trading with Vantage Markets to anyone else. Although I used to advertise it to everyone. But the situation has changed radically. Conditions on the Vantage Markets platform have deteriorated horribly. If previously slippages were very rare, now they occur on almost every trade. And slippages are not a couple of pips, but 20 pips and above. The broker has deteriorated very badly.
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!
- Quotex vs FXTM
- Deriv vs FXTM
- IC Markets vs FXTM
- FXTM vs FXChoice
- FXTM vs BlackBull Markets
- FXTM vs FXCC
- FXTM vs Tradeview
- FXTM vs Trading 212
- FXTM vs WorldForex (WForex)
- FXTM vs NAGA
- FXTM vs ETX Capital
- FXTM vs FXOpen
- FXTM vs City Index
- FXTM vs Swissquote
- FXTM vs IG
- FXTM vs Dukascopy
- FXTM vs LiteForex
- FXTM vs WelTrade
- FXTM vs eToro
- FXTM vs CMC Markets
- FXTM vs FP Markets
- FXTM vs OctaFX
- FXTM vs HotForex
- FXTM vs TD Ameritrade
- FXTM vs FBS
- FXTM vs Pepperstone
- FXTM vs Fusion Markets
- FXTM vs XTB
- FXTM vs Interactive Brokers
- FXTM vs AvaTrade
- FXTM vs Forex.com
- FXTM vs Libertex
- FXTM vs XM
- FXTM vs InstaForex
- FXTM vs IC Markets
- FXTM vs Exness
- Oanda vs FXTM
- Tickmill vs FXTM
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.