FP Markets vs FXTM vs AvaTrade
It’s that time again.
This round, however, we pull back the curtain and compare three well-known, and highly reputable, / providers: FP Markets, FXTM and AvaTrade.
|Brokers under review|
|Account Application Time||1 Business Day||1 Business Day||1 Business Day|
|Minimum Account Balance||100 AUD||200||100|
|Account Types||Standard, Raw and ViewPoint, and||Standard and ECN Accounts||Standard and Corporate|
|Range of Markets||10,000+ (Additional Share via their Platform)||250 Products||250 Products|
|Low Spreads - Commission per side is 3.0 per one standard lot||Low Spreads - Commission per side is 4 per one standard lot||Incorporated into the spread + inactivity fee of 50|
|Execution Speed||36 Milliseconds||79 Milliseconds||Unable to retrieve data|
|Regulation – Tier 1 Licences||;||Conduct Authority (FCA)||CBI; B.V.I. FSC; ; FSCA; and FFAJ; FRSA|
|Market Research and Education||9||7.5||7|
Established in 2011, the FXTM Group, or sometimes referred to as ‘Time’, is a popular / provider.
Headquartered in London, FXTM, according to their website, is trusted by more than 2 million individuals worldwide.
FXTM, since its inception, has received more than 25 awards, including Best Education Provider 2020 at the Broker Awards and Best Experience 2020 at the world awards.
We appreciated FXTM’s easy-to-navigate website, available in English and Chinese. The drop-down menus provide swift access to each segment of the website, with a help tab located at the top of the website in the event you struggle to find what you’re searching for.