ForexVox vs FXTM

ForexVox or FXTM – which is better for UK traders 2024? Compare ForexVox and FXTM in this detailed breakdown of their platforms, features and fees.

ForexVox vs FXTM Comparison Table 2024
ForexVox FXTM
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3.5
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4
ForexVox is ranked #92 among CFD brokers. FXTM is ranked #89 among CFD brokers.
Review
Review
ForexVox is an offshore broker offering unrestricted, highly leveraged trading on 100+ forex, metals, commodities and indices via the MetaTrader 5 platform. Trades take place with market execution, either through a commission-free or raw spreads ECN model. FXTM is a forex and CFD broker established in 2011 and operating across four continents. The company is secure and regulated by leading authorities, including the FCA. Offering 1,000+ markets and three account types, they cater to all levels of trader.
Pros
  • Various methods for depositing funds
  • Licensed by both FCA and FSA
  • Several promotional schemes
  • MetaTrader 5 trading platform
  • No deposit fees or minimum limits
  • Forex VPS will suit active traders
  • Mentoring from industry experts
  • Chatrooms and social network
  • Multi account manager
  • No requotes
  • Copy trading
  • FXTM’s UK entity offers excellent client protections, notably industry beating coverage up to $1 million per client and segregated accounts, enhancing security for traders with large balances.
  • FXTM emerges as a top MetaTrader broker with custom MT4 add-ons, including a Pivot Point Indicator, Pip Value Calculator, and Spread Indicator, for more precise trading.
  • The introduction of FXTM Invest allows traders to follow top strategies with detailed performance stats and risk scores. This feature benefits newer traders by providing clear metrics to match their preferred risk levels.
  • FXTM supports a terrific range of payment methods, especially local options in Africa and Asia like M-Pesa and TC Pay Wallet. And with e-wallet withdrawals processed in as little as 30 minutes, this suits traders who require quick access to funds.
  • FXTM’s Advantage and Advantage Plus accounts offer tight spreads (from 0.0 pips) and low or no commissions, designed for short-term traders looking to minimize costs.
Cons
  • Only supports one trading platform
  • Limited asset list with no stocks or crypto
  • Weak regulatory oversight in some locations
  • Restricted to only three free withdrawals per month
  • High minimum withdrawal limits
  • FXTM’s strong UK regulation doesn’t extend globally, so despite negative balance protection, non-British traders may have limited recourse options in case of disputes.
  • FXTM's educational offerings have come a long way, notably its informative e-books, but they are often tailored to beginners, making them less appealing to experienced traders.
  • FXTM only offers MetaTrader 4/5 for desktop trading, with no proprietary platform like eToro for a customized trading experience. MT4/5 is feeling increasingly outdated for active traders.
  • FXTM focuses on CFDs and a modest collection of stocks but lacks ETFs, options, and futures, which can limit diversification for traders seeking more asset types to capitalize on different markets.
  • FXTM charges a $10 inactivity fee after only three months of no trading - shorter than many brokers, which can be frustrating for those who don’t trade continuously.
Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
FCA Regulated
Yes Yes
Instruments
CFDs, Forex, Indices, Commodities, Metals CFDs, Forex, Commodities, Indices, Stocks, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $200
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, FSA FCA, FSC, CMA
Mobile Apps
iOS & Android iOS & Android
Trading App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the broker also supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
iOS App Rating
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4.8
Android App Rating
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4.4
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
ForexVox offers a social trading solution where clients can chat with other traders and replicate their strategies and setups. The app is quick and easy to download and set up. A great addition to market, the FXTM Invest app is easy to use and provides detailed performance stats and risk scores for Strategy Managers, plus a really handy video guide to help new copy traders understand key concepts like risk, drawdown, and returns.
Social Trading
Yes No
Trade Signals
MT5 Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • NGN
Commodities
  • Oil
  • Gold
  • Silver
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Precious Metals
CFD
Trade highly leveraged CFDs on forex, commodities, metals and indices from a minimum 0.01 lot size and no restrictions on strategies, including scalping, netting and hedging. FXTM’s CFD offering spans 600+ forex, stocks, commodities and indices, plus crypto (location dependent), with spreads lowered in recent years. Advanced traders can also get industry-topping leverage up to 1:3000 through Exinity Ltd, amplifying results but necessitating strict risk management.
Leverage
1:500 1:30
FTSE Spread
Floating 0.8
GBPUSD Spread<
Floating 0.1
Oil Spread
Floating 5.0
Stocks Spread
NA 0.1
Forex
Trade 70+ major, minor and exotic forex pairs with market execution and leverage up to 1:500. The no requotes and fast executions will appeal to fast-paced trading strategies. FXTM stands out with a strong selection of over 60 currency pairs, surpassing many competitors like AvaTrade. It also stands out with its six currency indices for traders aiming to diversify their forex portfolios, while the ECN account offers ultra-competitive spreads starting at 0 pips on majors, along with low commissions of just $3.50 per lot.
Assets
70+ 60+
GBPUSD Spread
Floating 0.1
EURUSD Spread
Floating 0.0
EURGBP Spread
Floating 0.0
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
Trade cryptocurrency CFDs on 11 popular digital tokens, including Bitcoin, Avalanche, and Dogecoin. Enjoy competitive floating spreads and accessible minimum lot sizes starting at just 0.01, perfect for aspiring crypto traders and experienced investors.
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
ForexVox FXTM
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