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XM Group vs ForexTime (FXTM) 2020

Is ForexTime (FXTM) better than XM Group? After testing 30 of the best forex brokers over five months, XM Group is better than ForexTime (FXTM). While XM Group provides the entire suite of MetaTrader platforms and over 1300 tradeable instruments, the broker delivers an average experience across the board and struggles to stack up against industry leaders.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature XM Group ForexTime (FXTM)
Overall 4 3.5
XM Group Review ForexTime (FXTM) Review
73.57% of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature XM Group ForexTime (FXTM)
Trust Score 83 70
Year Founded
2009 2011
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 0
Tier-2 Licenses
1 1
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature XM Group ForexTime (FXTM)
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature XM Group ForexTime (FXTM)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
57 59
CFDs - Total Offered
1247 193
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No No
Offering of Investments 4 3
Winner check_circle

Cost

Feature XM Group ForexTime (FXTM)
Average Spread EUR/USD - Standard
1.6 (as of Jan 18) 0.8
All-in Cost EUR/USD - Active
0.8 1
Active Trader or VIP Discounts
No Yes
Commissions & Fees 3.5 4
Winner check_circle

Funding

Feature XM Group ForexTime (FXTM)
Minimum Initial Deposit
$5-100 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature XM Group ForexTime (FXTM)
Proprietary Platform
No Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No No

Trading Tools

Feature XM Group ForexTime (FXTM)
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
(Default MT4/MT5) Default MT4/MT5
Charting - Indicators / Studies (Total)
(Default MT4/MT5) Default MT4/MT5
Charting - Drawing Tools (Total)
(Default MT4/MT5) Default MT4/MT5
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 3
Winner check_circle

Mobile Trading

Feature XM Group ForexTime (FXTM)
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
(Default MT4/MT5) Default MT4/MT5
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 3.5
Winner check_circle

Research

Feature XM Group ForexTime (FXTM)
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4 3
Winner check_circle

Education

Feature XM Group ForexTime (FXTM)
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
No Yes
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature XM Group ForexTime (FXTM)
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature XM Group ForexTime (FXTM)
XM Group Review ForexTime (FXTM) Review
Overall 4 3.5
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare ForexTime (FXTM) vs XM Group.

Does ForexTime (FXTM) or XM Group offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, XM Group offers better pricing overall for traders.

Is ForexTime (FXTM) or XM Group safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. XM Group holds 2 global Tier-1 licenses, while ForexTime (FXTM) holds 0. Both ForexTime (FXTM) and XM Group hold 1 global Tier-2 licenses. All regulators considered, XM Group has a Trust Score of 83.00, while ForexTime (FXTM)'s Trust Score is 70.00.

Which trading platform is better: ForexTime (FXTM) or XM Group?
To compare the trading platforms of both ForexTime (FXTM) and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. ForexTime (FXTM) and XM Group both offer copy trading. Both ForexTime (FXTM) and XM Group offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
ForexTime (FXTM) provides traders 59 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, XM Group offers traders access to 1247 CFDs while ForexTime (FXTM) has 193 available CFDs, a difference of 1,054.

Overall, between ForexTime (FXTM) and XM Group, XM Group is the better forex broker.

ForexTime (FXTM) Review
XM Group Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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