FxOpen
FXTM
VS
Higher Rated
FxOpen
Capital at risk · T&Cs apply
In this comprehensive comparison of FxOpen and FXTM, we delve into the key differences between these two prominent brokers. FxOpen, established in London and regulated by the FCA and ASIC, appeals to traders seeking ECN execution and access to the cTrader platform, making it suitable for experienced traders who appreciate low deposits and high leverage. In contrast, FXTM, headquartered in Cyprus and regulated by multiple authorities including the FCA and CySEC, caters to a broader audience with its diverse account types and extensive presence in Africa and Asia, appealing to both beginners and seasoned traders who value a wider range of regulatory oversight. While FxOpen offers a unique cTrader platform and crypto trading, FXTM provides higher leverage and a more extensive selection of account options.
FxOpen
FXTM
| FxOpen | FXTM | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.6/5 |
| Min. Deposit | $1 ✓ | $10 |
| Spread from | 0 pips ✓ | 0.1 pips |
| Max Leverage | 1:500 | 1:2000 ✓ |
| Regulation | FCA, ASIC | FCA, CySEC, FSCA ✓ |
| Platforms | MT4, MT5, cTrader | MT4, MT5 |
FxOpen is the better choice overall, scoring 3.7/5 vs 3.6/5 on BrokerRank's independent rating. On fees, FxOpen offers lower spreads (0 pips).
See full side-by-side comparison belowFxOpen
WinnerFXTM
FxOpen
FXTM
FxOpen
3.7/5
Choose FxOpen if you want…
FXTM
3.6/5
Choose FXTM if you want…
FxOpen scores higher overall on our independent rating system. FxOpen holds a 3.7/5 rating vs FXTM's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
FxOpen offers spreads from 0 pips, while FXTM starts at 0.1 pips. Check the fees section above for a full breakdown.
FxOpen requires a minimum deposit of $1. FXTM requires $10.
FxOpen is regulated by FCA, ASIC, while FXTM holds licences from FCA, CySEC, FSCA.
FxOpen supports MT4, MT5, cTrader. FXTM supports MT4, MT5.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.