Find out the major disadvantages of FXTM Forex Brokers and alternatives with lower fees and more security. Unbiased FXTM Alternatives reviews.

Overview

FXTM is a leading Forex and CFD broker, which has to date won several coveted awards and trades under the name ForexTime Limited. This broker is regulated by several financial watchdogs across the globe, including the UK’s Financial Conduct Authority (FCA), and it is thus considered a trusted and secure venue for your trading endeavors. Moreover, it enjoys huge popularity amongst traders of all levels, from beginner to pro, and its users consider the user experience it provides as top-notch.

Things we didn't like:

 FXTM charges inactivity and withdrawal fees.
 The financing costs for overnight positions are not the lowest and their calculation is non-transparent at all.
 The product portfolio is limited as it lacks asset classes, like ETFs, bonds, mutual funds, etc.

# Exchage's Features FXTM Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

Why would you want an alternative to FXTM?

Though FXTM is a reputable and well-established forex brokerage, licensed in several jurisdictions and with an impressive track record, especially when it comes to its endeavors to offer its clients solid forex and trading education, it may not be the first choice for all existing or aspiring traders.

More specifically, you might be better off seeking an alternative to FXTM if you wish to trade in an environment other than the MT4 platform since FXTM only offers this particular platform. Moreover, and depending on your trading preferences and style you might want to seek an alternative brokerage to FXTM in order to ensure more competitive spreads, especially if you are planning to trade via a standard account.

Finally, you might want to look for another broker if the tradeable assets offering at FXTM is not adequate for your own specific needs or if you wish to trade less popular assets in order to effective diversify your investment portfolio.

What to look for in a FXTM Alternative?

When seeking an FXTM alternative make sure the brokers you will consider fare better or at least equal the offering of FXTM, at least in those aspects which interest you the most. An FXTM alternative should have more assets available for trading and charge more competitive trading fees, but these advantages will mean much less if at the same time the alternative broker does not offer trading via a platform that is intuitive and easy to use, such as the MT4 which is used by FXTM, or if it's not regulated or enjoy a reputation which will inspire your trust and allow you to trade with confidence.

Best FXTM alternatives – forex brokers like (or better than) FXTM

4.1 / 5

Rating breakdown

Security
90% Complete (danger)
4.5/5
Ease of Use
80% Complete (danger)
4.0/5
Tradable Assets
80% Complete (danger)
4.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
60% Complete (danger)
3.0/5
Support
80% Complete (danger)
4.0/5

Things we liked:

 eToro offers commission-free stock and ETF trading in Europe and offers low fees for non-EU clients.
 Account opening is fast and seamless.
 It has innovative features like social trading that lets you copy others.

Things we didn't like:

 eToro has unreliable customer service, and its trading platform freezes sometimes.
 Education tools are very limited.

#1
eToro Overview

Since its foundation in Israel in 2007, eToro has quickly climbed the ladder of the social trading revolution and proudly occupies the leading position as the world’s biggest social trading and investment platform, which is initially introduced in 2010.

4.1 / 5

Rating breakdown

Security
90% Complete (danger)
4.5/5
Ease of Use
100% Complete (danger)
5.0/5
Tradable Assets
60% Complete (danger)
3.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
60% Complete (danger)
3.0/5
Support
80% Complete (danger)
4.0/5

Things we liked:

 Zero commission policy
 Customers support is available 24/7
 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 No demo account
 Charges inactivity fee
 TradeOr offers only one payment method – bitcoin

#2
TradeOr Overview

TraderOr is a relatively new entry in the online brokerage world and one that differs significantly from your average broker in that it adopts a Bitcoin-friendly approach, while also allowing traders to make transactions with a zero-commission fee. TradeOr.com might well be the new addition to world of online retail trading that you have been waiting for.

4.0 / 5

Rating breakdown

Security
80% Complete (danger)
4.0/5
Ease of Use
80% Complete (danger)
4.0/5
Tradable Assets
80% Complete (danger)
4.0/5
Deposit and withdrawal
80% Complete (danger)
4.0/5
Trading Fees
80% Complete (danger)
4.0/5
Support
80% Complete (danger)
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a full licensed and regulated broker

#3
Osprey FX Overview

Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.

Are you Satisfied with what They Offer?