Best FXTM Alternatives for 2023

What FXTM Does Not Offer and Alternatives For Each

When trading having a broker you can rely on is essential. If FXTM does not match your requirements we explain the top FXTM alternatives and FXTM competitors in this guide. The best alternative for FXTM is IC Markets or Roboforex.

When searching for a FXTM alternative, there are a few things you need to check. The FXTM trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements. We offer a detailed list and examination of the top FXTM alternatives and competitors feature by feature further below this FXTM alternatives guide. If you are looking for a trading platform that offers similar features to FXTM or FXTM. Or if you are looking for features that FXTM does not offer that you require when trading, we will show you the best FXTM alternative options below.

We highlight the pros and cons of each FXTM alternative. Maybe you are looking for better customer service from a FXTM alternative or more competitive FXTM fees and more financial instruments to trade.

We have listed some reasons why FXTM may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.

• FXTM does not allow hedging (See brokers for Hedging here)
• FXTM does not offer negative balance protection (See FXTM alternatives who offer negative balance protection here)
• FXTM does not offer Guaranteed Stop Loss (See FXTM alternatives who offer Guaranteed Stop Loss here)
• ECN accounts are not offered by FXTM (Look here for FXTM alternatives offering ECN accounts)
• FXTM does not offer Micro accounts (Check here for FXTM alternatives offering micro accounts)
• FXTM does not offer VIP accounts (Check here for FXTM alternatives offering VIP accounts)

Top FXTM Alternative is IC Markets

Rating	★★★☆☆ 3/5	★★★★☆ 4/5	★★★★☆ 4/5
💻 Trading Platforms	MT5, MT4, Desktop platform, Web platform, Tablet & Mobile apps	MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
📋 Instruments Available	350	2250	100
📈 Stocks Offerd	180	2100	0
💎 Cryptocurrency	No	Yes	No
💹 Forex Pairs	40	61	35
📈 Commodities	0	20	21
💰 Min Deposit	10	200	10
👱‍♂️ Used By	3,000,000+ users	180,000+ users	1,000,000+ users
📆 Founded	2011	2007	2009
👮‍♂️ Regulation	ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295,	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
🌍 HQ	London United Kingdom	Australia	Belize
🚫 Excluded Countries	US, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX	US, IR, CA, NZ, JP	AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US
Risk Warning	Your capital is at risk	Losses can exceed deposits	Losses can exceed deposits

If you want to see a more indepth feature by feature FXTM alternative comparison, you can scroll further down here.

FXTM Alternatives List

IC Markets

★★★★☆ (4/5)

Min deposit : 200

Visit IC Markets Read review

IC Markets was established in 2007 and is used by over 180000+ registered users. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

Roboforex

★★★★☆ (4/5)

Min deposit : 10

Visit Roboforex Read review

Roboforex was established in 2009 and is used by over 1000000+ registered users. Losses can exceed deposits Roboforex offers Forex, CFDs.

Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund

eToro

★★★★☆ (4/5)

Min deposit : 50

Visit eToro Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ registered users. 77% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Regulated by FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076

XM

★★★★☆ (4/5)

Min deposit : 5

Visit XM Read review

XM was established in 2009 and is used by over 3500000+ registered users. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

AvaTrade

★★★★☆ (4/5)

Min deposit : 100

Visit AvaTrade Read review

AvaTrade was established in 2006 and is used by over 300000+ registered users. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland

Pepperstone

★★★★☆ (4/5)

Min deposit : 200

Visit Pepperstone Read review

Pepperstone was established in 2010 and is used by over 400000+ registered users. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

XTB

★★★★☆ (4/5)

Min deposit : 0

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XTB was established in 2002 and is used by over 581000+ registered users. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)

NordFX

★★★★☆ (4/5)

Min deposit : 1

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NordFX was established in 2008 and is used by over 10000+ registered users. Losses can exceed deposits NordFX offers Forex.

Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008

Trading212

★★★☆☆ (3/5)

Min deposit : 1

Visit Trading 212 Read review

Trading 212 was established in 2006 and is used by over 15000000+ registered users. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)

FP Markets

★★★★☆ (4/5)

Min deposit : 100

Visit FP Markets Read review

FP Markets was established in 2005 and is used by over 10000+ registered users. Losses can exceed deposits FP Markets offers Forex, CFDs.

Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926)

fxtm alternatives
FXTM Summary

• FXTM is used by over 3,000,000+ registered users (Look here for FXTM alternatives that are used by more traders)
• FXTM has a minimum deposit of $10 (Look here for FXTM alternatives that require less minimum deposit)
• FXTM has a minimum trade requirement of varies (Look here for FXTM alternatives that require a lower minimum trade)
• FXTM has a maximum deposit of varies (Look here for FXTM alternatives that has a similar or greater maximum trade limit)
• FXTM has over 4 awards (Look here for FXTM alternatives with more awards)

fxtm alternatives
FXTM Tradable Financial Assets

• FXTM offers traders over 350 tradable instruments (Look here for FXTM alternatives offering a similar amount or more tradable instruments)
• FXTM offers over 180 shares (Look here for FXTM alternatives offering more tradable shares)
• FXTM offers US Shares (Look here for FXTM alternatives offering US Stocks and Shares)
• FXTM does not offer UK Shares (Look here for FXTM alternatives offering UK Stocks and shares)
• FXTM does not offer German Shares (Look here for FXTM alternatives offering German Stocks and shares)
• FXTM does not offer Japanese Shares (Look here for FXTM alternatives offering Japanese Stocks and shares)
• FXTM offer Indices trading (Look here for FXTM alternatives offering Indices trading)
• FXTM offers 0 commodities (Look here for FXTM alternatives offering more tradable commodities)
• FXTM offers trading in metals (Look here for FXTM alternatives offering metal commodities)
• FXTM offers trading in energy commodities (Look here for FXTM alternatives offering energy commodities)
• FXTM offers trading in agricultural commodities (Look here for FXTM alternatives offering agricultural commodities)
• FXTM offers trading on the Forex markets (Look here for FXTM alternatives offering Forex trading)
• FXTM offers 40 Forex Pairs (Look here for FXTM alternatives offering a similar amount or more Forex Pairs)
• FXTM offers trading with Major Forex Pairs (Look here for FXTM alternatives offering Major Forex Pairs trading)
• FXTM offers trading with Minor Forex Pairs (Look here for FXTM alternatives offering Minor Forex Pairs trading)
• FXTM offers trading with Exotic Forex Pairs (Look here for FXTM alternatives offering Exotic Forex Pairs trading)
• FXTM does not offer trading in Cryptocurrencies (Look here for FXTM alternatives offering cryptocurrency trading)
• FXTM offer CFD trading (Look here for FXTM alternatives offering CFD trading)
• FXTM does not offer Social Trading (Look here for FXTM alternatives offering Social Trading accounts)

fxtm alternatives
FXTM Trading Account Features

• ECN accounts are not offered by FXTM (Look here for FXTM alternatives offering ECN accounts)
• STP accounts are offered by FXTM (Look here for FXTM alternatives offering STP accounts)
• FXTM offers MT4 (See FXTM alternatives offering the MT4 trading platform here)
• MT5 is offered by FXTM (find FXTM alternatives that offer the MT5 trading platform here)
• cTrader is offered by FXTM (find FXTM alternatives offering the cTrader trading platform here)
• FXTM does not offer Micro accounts (Check here for FXTM alternatives offering micro accounts)
• FXTM does not offer VIP accounts (Check here for FXTM alternatives offering VIP accounts)
• FXTM does offer Islamic accounts (Check here for FXTM alternatives offering Islamic accounts)
• FXTM does offer Demo accounts (Check here for FXTM alternatives offering Demo accounts)
• FXTM does offer Spread Betting accounts (Search for Spread Betting brokers here)
• FXTM does allow Scalping (See brokers for scalping here)

fxtm alternatives
FXTM Risk Management Features

• FXTM does not allow hedging (See brokers for Hedging here)
• FXTM does not offer negative balance protection (See FXTM alternatives who offer negative balance protection here)
• FXTM does not offer Guaranteed Stop Loss (See FXTM alternatives who offer Guaranteed Stop Loss here)
• FXTM does not offer limit orders (See FXTM alternatives who offer limit orders here)
• FXTM does not offer trailing stops (See FXTM alternatives who offer trailing stops here)
• FXTM does not offer price alerts (See FXTM alternatives who offer price alerts here)

fxtm alternatives
FXTM Fees

• FXTM does not have inactivity fees (See FXTM alternatives who don’t have inactivity fees here)
• FXTM does not have withdrawal fees (See FXTM alternatives who don’t have withdrawal fees here)
• FXTM does not have deposit fees (See FXTM alternatives who don’t have deposit fees here)

fxtm alternatives
FXTM Regulation

• FXTM are not regulated by the FCA (Financial Conduct Authority) (Look here for FXTM alternatives offering FCA regulated brokers)
• FXTM are not regulated by CySEC (Cyprus Securities and Exchange Commission) (Look here for FXTM alternatives offering CySEC regulated brokers)
• FXTM are not regulated by the MiFID (Markets In Financial Instruments Directive) (Look here for FXTM alternatives offering MiFID regulated brokers)
• FXTM are not regulated by the ASIC (Australian Securities and Investments Commission) (Look here for FXTM alternatives offering ASIC regulated brokers)
• FXTM are regulated by the FSCA (Financial Sector Conduct Authority) (Look here for FXTM alternatives offering FSCA regulated brokers)
• FXTM are not regulated by the DFSA (Dubai Financial Services Authority) (Look here for FXTM alternatives offering DFSA regulated brokers)
• FXTM are not regulated by the MAS (Monetary Authority of Singapore) (Look here for FXTM alternatives offering MAS regulated brokers)
• FXTM are not regulated by the FSA (Financial Services Authority) (Look here for FXTM alternatives offering FSA regulated brokers)

fxtm alternatives
FXTM Desktop Computer and Mobile Device Support

• FXTM Offers an online trading platform available to all desktop and mobile devices with an internet connection. (See FXTM alternatives that offer an online trading platform here)
• FXTM does not offer a bespoke application for Microsoft Windows Desktop computers (See FXTM alternatives that support desktop Windows users here)
• FXTM does offer a bespoke application for Apple Mac Desktop computers (See FXTM alternatives that support desktop Apple Mac users here)
• FXTM does offer a bespoke application for mobile devices (See FXTM alternatives that support mobile device users here)
• FXTM does not offer a bespoke application for IOS Devices (See FXTM alternatives for IOS users here)
• FXTM does not offer a bespoke application for Android Devices (See FXTM alternatives for Android users here)
• FXTM does offer live chat support (See FXTM alternatives that offer live chat support here)

Below is an extensive list of the best alternatives to FXTM based on our unique 256 point criteria.

Top alternative for FXTM is IC Markets

Top Pick 1 4/5 rating

IC Markets is the best alternative broker to FXTM. IC Markets has been in operation for over 12 years.

IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

If FXTM or IC Markets are not what you are looking for try Roboforex.

With FXTM, Your capital is at risk

With IC Markets, Losses can exceed deposits

With Roboforex, 77% of retail investor accounts lose money when trading CFDs with this provider.

Top Pick 2 4/5 rating

Roboforex, as a brokerage is regulated. This means Roboforex are supervised by and checked for conduct by the RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund

Here are some of the key reasons why traders choose IC Markets and Roboforex over FXTM

	IC Markets	Roboforex	eToro
Brokerage Rating	★★★★☆ (4/5)	★★★★☆ (4/5)	★★★★☆ (4/5)
Regulator	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund	FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Min Deposit	200	10	50
Min Trade	0.01 Lot	0.01 Lot	$10
Platforms	MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	77% of retail investor accounts lose money when trading CFDs with this provider.
	Visit IC Markets	Visit Roboforex	Visit eToro

If you want to read more about IC Markets, we have put together an in-depth IC Markets review that explores their platform, spreads, and trading conditions in more detail.

If IC Markets does not match your criteria, have a look at the 10 best FXTM alternatives below.