FXTM vs Firstrade 2026: Which Broker is Better?
Choosing between FXTM and Firstrade depends on your trading style, preferred markets, and budget. FXTM is headquartered in Limassol, Cyprus, while Firstrade operates from New York, USA. Firstrade has the longer track record, established in 1985, compared to FXTM which was founded in 2011. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
FXTM
Firstrade
| FXTM | Firstrade | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $10 | $0 ✓ |
| Spread from | 0.1 pips | 0 pips ✓ |
| Max Leverage | 1:2000 ✓ | 1:2 |
| Regulation | FCA, CySEC, FSCA ✓ | SEC, CFTC |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile |
FXTM is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowFXTM vs Firstrade: Key Differences
FXTM
Firstrade
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Fees Comparison
FXTM
Firstrade
Lower feesRegulation & Trust
FXTM holds licences from FCA, CySEC, FSCA. Firstrade is regulated by SEC, CFTC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. FXTM additionally covers Forex, Cfd, Commodities.
Fees & Spreads
On spreads, Firstrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.1 pips at FXTM.
Trading Platforms
FXTM supports MT4, MT5. Firstrade offers Proprietary Web, Proprietary Mobile.
Minimum Deposit
FXTM requires a minimum deposit of $10, while Firstrade sets no minimum deposit. This makes Firstrade accessible to traders with any budget.
Overall Ratings
BrokerRank scores FXTM at 3.59/5 and Firstrade at 3.41/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FXTM leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
FXTM
3.6/5
Choose FXTM if you want…
- Higher overall rating (3.6/5)
- Higher leverage (up to 1:2000)
- More regulatory licences (3)
- More market types (5)
Firstrade
3.4/5
Choose Firstrade if you want…
- Tighter spreads (from 0 pips)
- No per-trade commission
- No minimum deposit
- More established (est. 1985)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both FXTM & Firstrade are available in
Frequently Asked Questions
1Is FXTM better than Firstrade?
FXTM scores higher overall on our independent rating system. FXTM holds a 3.6/5 rating vs Firstrade's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, FXTM or Firstrade?
FXTM offers spreads from 0.1 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FXTM vs Firstrade?
FXTM requires a minimum deposit of $10. Firstrade requires $0.
4Which broker is safer, FXTM or Firstrade?
FXTM is regulated by FCA, CySEC, FSCA, while Firstrade holds licences from SEC, CFTC.
5What trading platforms do FXTM and Firstrade support?
FXTM supports MT4, MT5. Firstrade supports Proprietary Web, Proprietary Mobile.
6Can I use both FXTM and Firstrade?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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