It is the ratio of your Equity to the Used Margin of your open positions, indicated as a percentage. Trading is the buying and selling securities, such as stocks, bonds, currencies, and commodities, to make a profit. And success depends on a trader’s ability to be profitable over time. https://forexhero.info/ Currency prices change every second, giving investors limitless opportunities to enter trades. And investors try to make money by correctly predicting the price movements of different pairs. Trade the biggest US brands, including Tesla, Apple, Meta and Microsoft, with no commission.
XM: Lowest Spreads And Fees
- This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments.
- From local seminars to educational videos that take the trader from A to Z of the business, FXTM provides an ample and diverse supply of training material suited for traders of all levels.
- They have an abundance of banking options and regular processing times.
Along with MT4, FXTM has also included MetaTrader 5 in its list of available platforms. FXTM’s three non-ECN accounts are the Standard, Cent, and Shares accounts. Cent accounts work in a balance of cents rather than dollars and have a tiny minimum deposit amount of $10.
Our Most Popular Account: Advantage
This account can be used as a way to test the standard account conditions FXTM offer, with a lower initial deposit. The maximum volume per trade is 1 lot whereas there is again no commission charged but the spreads are floating from 1.5 pips. I like the desktop platform as it has the most functionality, including automated trading.
XM vs FXTM: Which One Is Best?
They’re both completely free to download, check out MetaTrader 5 here or click below to see details about them. We are a globally regulated broker, and for the safety of all our clients we offer segregated funds protection. If you can’t decide which account is right for you, you’re wondering how to get started as a complete beginner, or you’d like to ask us anything about our products or services, please get in touch. Spread betting is a unique form of trading popular in the UK, allowing traders to bet on the direction of market movements without owning the underlying asset. For those interested in brokers that do offer this service, here’s a comprehensive guide on the best spread betting brokers in the UK. Both FXTM and XM are excellent choices for MetaTrader 4, but XM provides a slightly enhanced experience with custom add-ons.
FXTM also offers other chat options such as WhatsApp, Viber, Telegram and Facebook Messenger. We were left with some positive impressions by the live chat option at both brokers, as we obtained useful information on the matters we asked about. Overall, FXTM offers more CFD instruments, but FXCM covers more asset classes and has unique baskets that give you exposure to specific sectors.
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). Why you can trust TechRadar We spend hours testing every product or service we review, so you can be sure you’re buying the best. The Pip Calculator is a tool for estimating the potential profits or losses before trading a selected FX currency pair.
Meanwhile, FXCM clients can take advantage of the broker’s proprietary CFD and Forex trading platform, Trading Station, available for Windows, Mac OSX, iOS and Android. It offers powerful analytical tools, advanced features and charting as well as good interface customisability options. This is a close match-up, as there is no sizeable difference in terms of the trading costs. By industry standards, both brokers offer relatively high spreads, so there is no material advantage with either of the two brokerage trading firms. On the plus side, at FXCM standard account, you can enjoy commission-free trading. Forex spreads are higher on this ECN Zero account type compared to the other two ECN trading accounts, as they start from 1.5 pips, but yet, ForexTime will not charge any trading commissions.
They have a team of experts in place who provide daily videos and blog post, as well as in-depth reports every quarter. Hi Amos, FXTM does not currently offer a bonus program with your deposit when founding your account. Your level of regulatory protection depends on your country of residence when you open an account.
They have many different account types so you can find what suits your needs the best, they have competitive spread and a decent offering of instruments. The MetaTrader 4 platform is still the most popular trading platform in the forex industry and it is very user friendly, has a quality charting offering, supports many languages and is secure. The Standard account has a £100 minimum deposit, is instant execution no commission is charged, and there are 76 types of instruments able to be traded. FXTM allows clients to trade all the major cryptocurrencies, in the form of CFDs.
Spread betting is a popular trading method in the UK due to its tax benefits. If you’re interested in exploring the best brokers for spread betting, check this out. The brokerage will offer discounts on spreads for active traders who meet its minimum notional volume requirement of USD 150 million per month.
All ECN accounts are suitable for trading styles such as scalping as well as for traders who employ expert advisors (EAs). Looking at the data, it’s clear that there are some differences between the spreads offered by FXCM and FXTM. For the EUR/USD pair, FXCM has a spread of 1.3, while FXTM has a slightly fxtm forex broker review higher spread of 1.5. This pattern is consistent across all the forex pairs, with FXCM generally offering lower spreads than FXTM. Both brokers offer MT4 mobile apps for iOS devices (iPhone, iPad) and Android devices (smartphones, tablets) while ensuring greater trading flexibility for clients.
If spreads and execution are also important to you, XM Group have raw spreads from zero pips and plenty of liquidity for reliable trade execution speeds. All of the trading platforms that are offered by FXTM are tried and tested over the years, being proven to operate at a high level at all times. The offering is the industry standard MetaTrader 4 and MetaTrader 5 platforms which most experienced traders will have some experience using. XM offers a significantly lower minimum deposit across its account types (Standard, Micro, and Ultra Low all at $5), making it a more accessible choice for traders on a budget. Although spreads are wider, traders do not pay any commission fees, with the simple fee structure suiting beginner traders or those who do not trade forex regularly. On average, FXCM’s spreads start from 1.3 pips, while FXTM’s spreads can go as low as 0.5 pips on their ECN account.