FXTM vs FXChoice Broker Comparison

Are you trying to figure out which is a better broker, FXTM or FXChoice? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXTM is the better of the two. FXTM offers 250+ instruments, licenses from FCA, CySec, FSCA, FSC, and fair trading fees.

In the tables below, you can compare the features of FXTM and FXChoice side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FXTM higher than FXChoice.

Rating
96.5/100
93.8/100
Min. Deposit
10$
100$
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
IFSCIFSC
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
15%
Min. Spread
1.2
1.4
Max. Leverage
1:2000
1:200
Currency Pairs
59
36
Trading Instruments
250+
50+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
Type of Brokers
Market Maker/ECN
Market Maker/NDD
Customer Support
N/A
24/5
Language Support
17
8
Established
2013
2010
Used By
1,800,000 Traders
100,000+ Traders

Does FXTM or FXChoice have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive FXTM and FXChoice are, we first considered the common fees on Standard Accounts. At FXTM the average spread for the EUR/USD currency pair is 1.2 pips, whilst at FXChoice the spread is 1.4.

This shows that FXTM is the better option for low-cost forex trading.

When it comes to non-trading fees, FXTM charges for inactivity, withdrawal. FXChoice charges for deposit, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXChoice is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, FXTM or FXChoice?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

FXTM is regulated by FCA, CySec, FSCA, FSC and offers client protection. FXChoice is regulated by IFSC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FXChoice is the safer broker.

Broker summary

How many trading instruments are available at FXTM and FXChoice?

FXTM provides traders with 250+ instruments. This includes 59 currency pairs, 4 cryptocurrencies, and 170 stocks and shares. With FXTM, you can also trade CFDs.

In comparison, FXChoice boasts 50+ tradable instruments. FXChoice offers 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. FXChoice also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, FXTM or FXChoice?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

FXTM provides you with the ability to trade via 3 trading platforms, and FXChoice has 3 trading platforms, too. Both brokers also offer research and trading tools, however FXTM has more.

Overall, our experts agree that FXTM boasts the better trading platform offering.

Research Tools

Which is better for beginners, FXTM or FXChoice?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FXTM is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXTM also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that FXTM is the better broker in a range of key areas. You can learn more by reading our FXTM and FXChoice reviews.

FXTM vs FXChoice
FXTM
96.5
Points
FXChoice
93.8
Points
Overall
3 points
FXTM
94
Points
FXChoice
96
Points
Commissions & Fees
2 points
FXTM
92
Points
FXChoice
93
Points
Licensing & Safety
1 points
FXTM
88
Points
FXChoice
98
Points
Trading Platforms & Tools
10 points
FXTM
99
Points
FXChoice
97
Points
Payments
2 points
FXTM
97
Points
FXChoice
92
Points
Customer Service
5 points
FXTM
91
Points
FXChoice
87
Points
Educational
4 points
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